Traders-Blog.com

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

Friday’s show was a rerun from May 28, 2007 about how to get the most from the Mad Money show. Below is the recap for the latest show with new picks.

Cramer called casinos “cash machines” and said he likes Wynn Resorts (WYNN) on Tuesday’s show..

Buy
American Eagle Outfitters (AEO) (”buy at $22 or $25″) (Mad Money)
American Standard (ASD) (Lightning Round)
Bank of America (BAC) (Lightning Round)
CACI International (CAI) (Lightning Round)
Cal-Maine Foods (CALM) (Lightning Round)
Coca-Cola Enterprises (CCE) (Lightning Round)
Crocs (CROX) (Mad Money)
Dell (DELL) (”$30 by year-end”) (Lightning Round)
Freeport McMoRan (FCX) (Lightning Round)
Gap (GPS) (Mad Money)
General Dynamics (GD) (Lightning Round)
Herbalife (HLF) (Lightning Round)
Hudson City Bancorp (HCBK) (Mad Money)
iShares MSCI France Index (EWQ) (mentioned on Stop Trading!)
Kohl’s (KSS) (Mad Money)
Kraft Foods (KFT) (Lightning Round)
Lockheed Martin (LMT) (Lightning Round)
New York Community Bancorp (NYB) (Mad Money)
Novartis (NVS) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
Raytheon (RTN) (Lightning Round)
Seagate (STX) (mentioned on Stop Trading!)
Southern Copper (PCU) (Lightning Round)
Total (TOT) (mentioned on Stop Trading!)
US Bancorp (USB) (Lightning Round)
Wachovia (WB) (Lightning Round)
Washington Mutual (WM) (Lightning Round)
Wells Fargo (WFC) (Lightning Round)

Sell
Bank of New York (BK) (mentioned on Stop Trading!)
Casual Male Retail Group (CMRG) (Lightning Round)
Merck (MRK) (Lightning Round)
Micron Technology (MU) (Lightning Round)
Northern Trust (NTRS) (mentioned on Stop Trading!)
O’Charley’s (CHUX) (Lightning Round)
Qualcomm (QCOM) (Lightning Round)
Wal-Mart (WMT) (Lightning Round)

* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks ended higher, buoyed by a proposal by President Bush to help sub-prime homeowners and a speech by Federal Reserve Chairman Ben Bernanke, who did not dispel beliefs that a rate cut will come in September. Investors and analyst continue to expect a 25-basis-point rate cut at the Sept. 18 FOMC meeting.

Today, the Dow Jones industrial average closed up 119.01 or 0.90% to 13,357.74, the broader S&P 500 closed up 16.35 or 1.12% to 1,473.99, and the Nasdaq Composite closed up 31.06 or 1.21% to 2,596.36. For the week, the Dow gained 1.2%, the S&P 500 posted a slim decline of 0.4%, while the Nasdaq rose about 0.7%. For the month, the Dow gained 1.1%, the S&P rose 1.28%, and the Nasdaq climbed 1.1%.

Market breadth was positive and volume was light. On the New York Stock Exchange, winners beat losers by 7 to 1 on volume of 1.39 billion shares. On the Nasdaq, advancers topped decliners by 2 to 1 on volume of 1.57 billion shares.

Encouraging comments from Bernanke and President Bush seemed to soothe markets, calming worries about the turmoil in the credit and mortgage markets. Speaking at an economic symposium, Fed chief Bernanke discussed the recent turmoil in credit, mortgage and financial markets and again implied that the central bank was prepared to cut rates, if needed. Bernanke also acknowledged how this has impacted financial markets, which have struggled all summer amid
investor worries about these issues. He said that the economic picture was more uncertain going forward and that the Fed would continue to monitor it and adjust policy as needed.

In economic news, personal income and spending both rose more than expected in July. However, core inflation grew less-than-expected, despite the jump in earnings and expenditures. The Chicago PMI, rose to 53.8 in August from 53.4 in the previous month. July factory orders rose 3.7% in the month after rising 1% in June. Economists had expected orders to rise 3%.

Stock of Dell closed down $0.21 to $28.25, despite reporting quarterly earnings and revenue that rose from a year ago and topped forecasts. It reported a 46% rise in profits, but left analysts with mixed views about how it is likely to perform during a period of large-scale restructuring.

Shares of Accredited Home Lenders closed up $2.74 or 43% to $9.05, after proposed buyout partner Lone Star Funds said it was prepared to buy the mortgage lender after all, but at a lower price. Lone Star said it wanted to pay $8.50 a share, representing a 35% premium over the most recent closing price of $6.31. However, this is well below the $15.10 a-share deal that Accredited Home agreed to on June 4.

U.S. light crude oil for October delivery rose 68 cents to settle at $74.04 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Stock picks by each of the traders on the latest episode of “Fast Money.” (Fast Money Recaps at Online Traders’ Forum)

Buy
Alliant Techsystems (ATK) (Bolling)
Alliant Techsystems (ATK) (Macke)
Altria (MO) (Najarian)
Amazon (AMZN) (Bolling)
Amylin (AMLN) (Najarian)
Apple (AAPL) (Bolling)
Blue Nile (NILE) (Macke)
Boeing (BA) (Najarian)
Boyd Gaming (BYD) (Bolling)
Bristol Myers (BMY) (Najarian)
Cameco (CCJ) (Bolling)
Cisco s (CSCO) (Macke)
Dick s Sporting Goods (DKS) (Macke)
DRS Technologies (DRS) (Adami)
Eli Lily (LLY) (Najarian)
EMC (EMC) (Adami)
EMC (EMC) (Macke)
Exxon-Mobil (XOM) (Macke)
Fluor Corp. (FLR) (Adami)
Force Protection (FRPT) (Najarian)
GE (GE) (Bolling)
Google (GOOG) (Bolling)
Honeywell (HON) (Bolling)
ISIS Pharmaceuticals (ISIS) (Najarian)
L3 Communications (LLL) (Adami)
Manor Care (HCR) (Bolling)
McDonald s (MCD) (Macke)
Medicis (MRX) (Macke)
Merck (MRK) (Macke)
Nike (NKE) (Macke)
Nintendo (NTDOY.PK) (Macke)
Nokia (NOK) (Najarian)
NutriSystem (NTRI) (Adami)
NutriSystem (NTRI) (Macke)
NVIDIA (NVDA) (Najarian)
Orexigen Therapeutics (OREX) (Najarian)
Ormat Technologies (ORA) (Adami)
Ormat Technologies (ORA) (Bolling)
Ormat Technologies (ORA) (Najarian)
Pepsi (PEP) (Bolling)
Smith & Wesson (SWHC) (Macke)
Stryker (SYK) (Najarian)
Sunrise Senior Living (SRZ) (Bolling)
Titanium Metals (TIE) (Najarian)
Toyota (TM) (Najarian)
Toyota Motors (TM) (Najarian)
USEC (UCU) (Bolling)
Wachovia (WB) (Adami)
Weight Watchers (WTW) (Adami)
Zimmer Holdings (ZMH) (Adami)
Zimmer Holdings (ZMH) (Najarian)

Sell
Whole Foods (WFMI) (Bolling)

* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stock picks by each of the traders on the latest episode of “Fast Money.” (Fast Money Recaps at Online Traders’ Forum)

Buy
Alumina (AWC) (Najarian)
AMBEV (ABV) (Seymour)
America Movil (AMX) (Seymour)
Anglo America (AAUK) (Bolling)
AU Optronics (AUO) (Najarian)
Baidu.com (BIDU) (Najarian)
Banco Bradesco (BBD) (Seymour)
BHP Billiton (BHP) (Bolling)
Boardwalk (BEI-UN.TO) (Macke)
British American Tobacco (BTI) (Adami)
Caterpillar (CAT) (Adami)
Check Point Software (CHKP) (Adami)
Coca-Cola FEMSA (KOF) (Macke)
Companhia Vale do Rio Doce (RIO) (Bolling)
Daimler Chrysler (DCX) (Adami)
Daimler Chrysler (DCX) (Najarian)
Deutsche Bank (DB) (Adami)
Gazprom (GZPFY.PK) (Bolling)
Genco Shipping & Trading (GNK) (Bolling)
GlaxoSmithKline (GSK) (Najarian)
Hewlett-Packard (HPQ) (Bolling)
Infosys (INFY) (Adami)
Intel (INTC) (Macke)
iShares MSCI Italy Index (EWI) (Adami)
iShares MSCI South Korea (EWY) (Adami)
iShares MSCI Switzerland (EWL) (Bolling)
Lukoil (LUKOY.PK) (Bolling)
National Bank of Greece (NBG) (Macke)
New Zealand Telecom (NZT) (Najarian)
Peabody Energy (BTU) (Najarian)
Petrobras (PZE) (Bolling)
PetroChina (PTR) (Najarian)
POSCO (PKX) (Adami)
POSCO (PKX) (Najarian)
Rinker Group (RIN) (Macke)
SAP (SAP) (Najarian)
Siemens (SI) (Adami)
SK Telecom (SKM) (Adami)
Suez (SZE) (Bolling)
Suncor (SU) (Bolling)
Taiwan Semiconductor (TSM) (Adami)
Teekay Corp (TK) (Bolling)
Telecom Italia (TI) (Adami)
Teva Pharma (TEVA) (Macke)
Toyota Motors (TM) (Macke)
United Microelectronics (UMC) (Adami)
United Utilities (UUPLY.PK) (Bolling)
Veolia Environnement (VE) (Bolling)
Wipro (WIT) (Adami)
Woori Finance Holdings (WF) (Adami)

Sell
iShares MSCI Italy Index (EWI) (Bolling)
iShares MSCI Italy Index (EWI) (Macke)
iShares MSCI Italy Index (EWI) (Najarian)

* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks finished mostly lower, as jitters dominated sentiment ahead of Federal Reserve Chairman Ben Bernanke’s speech tomorrow, with Wal- Mart Stores leading the Dow lower after the retailer’s shares were cut to sell by Merrill Lynch. Investors mulled strong economic growth in the second quarter and more problems in the credit market.

Today, the Dow Jones industrial average closed down 50.56 or 0.38% to 13,238.73, and the broader S&P 500 closed down 6.12 or 0.42% to 1,457. 64. The Nasdaq Composite closed up 2.14 or 0.08% to 2,565.30.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by 19 to 13 on volume of 1.28 billion shares. On the Nasdaq, decliners beat advancers by 16 to 12 on volume of 1.85 billion shares.

That volatility seen today isn’t likely to disappear anytime soon. The trump card here is the Fed, with the market basically begging for a rate cut, and the Fed still on hold. Fed chair Bernanke is due to speak tomorrow at an economic symposium in Jackson Hole, Wyoming and stock investors are hoping he’ll stress that the central bank is prepared to step in should markets deteriorate further. The Fed has been injecting billions into the banking system over the last few weeks, the bank also cut the discount rate - which affects bank loans. Now investors are looking for signs that the bank will also cut the fed funds rate.

The second-quarter GDP grew at 4.0% annual rate, revised up from an initial reading of 3.4%. The strength of the report suggested that the economy is holding up despite the ongoing problems in the housing market. This is perhaps a negative for stock investors looking for signs that the Fed will have to cut interest rates at the Sept. 18 policy meeting.

Shares of First data closed up $0.17 to $32.90, on news that private equity firm KKR is in talks with a number of big Wall Street banks regarding the $24 billion it requires to complete the deal to acquire the company. KKR has been one of the most aggressive private equity firms, buying firms at a 10 to 15% mark-up. The company has brokered $140 billion worth of deals this year.

Shares of H&R Block Inc. fell 1.7% after reporting a wider fiscal first-quarter loss and stating that it’s discussing changes to its agreement to sell Option One Mortgage Corp. to the private-equity firm Cerberus Capital Management.

Shares of Wal-Mart Stores closed down $0.87 or 2% to $43.32, after Merrill Lynch cut them to sell, citing margin erosion at the company’s core U.S. division.

Stock of Sigma Designs closed up $4.07 to $42.70, after the chipmaker reported higher quarterly sales and revenue that topped estimates.

U.S. light crude oil for October delivery fell 15 cents to settle at $73.36 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

Thursday’s show was a rerun about basic rules of investing from Dec. 27, 2006. Below is the recap for the latest show with new picks.

Cramer called casinos “cash machines” and said he likes Wynn Resorts (WYNN) on Tuesday’s show..

Buy
American Eagle Outfitters (AEO) (”buy at $22 or $25″) (Mad Money)
American Standard (ASD) (Lightning Round)
Bank of America (BAC) (Lightning Round)
CACI International (CAI) (Lightning Round)
Cal-Maine Foods (CALM) (Lightning Round)
Coca-Cola Enterprises (CCE) (Lightning Round)
Crocs (CROX) (Mad Money)
Dell (DELL) (”$30 by year-end”) (Lightning Round)
Freeport McMoRan (FCX) (Lightning Round)
Gap (GPS) (Mad Money)
General Dynamics (GD) (Lightning Round)
Herbalife (HLF) (Lightning Round)
Hudson City Bancorp (HCBK) (Mad Money)
iShares MSCI France Index (EWQ) (mentioned on Stop Trading!)
Kohl’s (KSS) (Mad Money)
Kraft Foods (KFT) (Lightning Round)
Lockheed Martin (LMT) (Lightning Round)
New York Community Bancorp (NYB) (Mad Money)
Novartis (NVS) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
Raytheon (RTN) (Lightning Round)
Seagate (STX) (mentioned on Stop Trading!)
Southern Copper (PCU) (Lightning Round)
Total (TOT) (mentioned on Stop Trading!)
US Bancorp (USB) (Lightning Round)
Wachovia (WB) (Lightning Round)
Washington Mutual (WM) (Lightning Round)
Wells Fargo (WFC) (Lightning Round)

Sell
Bank of New York (BK) (mentioned on Stop Trading!)
Casual Male Retail Group (CMRG) (Lightning Round)
Merck (MRK) (Lightning Round)
Micron Technology (MU) (Lightning Round)
Northern Trust (NTRS) (mentioned on Stop Trading!)
O’Charley’s (CHUX) (Lightning Round)
Qualcomm (QCOM) (Lightning Round)
Wal-Mart (WMT) (Lightning Round)

* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stock picks by each of the traders on the latest episode of “Fast Money.” (Fast Money Recaps at Online Traders’ Forum)

Buy
CurrencyShares Euro Trust (FXE) (Bolling)
Energy Select Sector SPDR (XLE) (Bolling)
Financial Select Sector SPDR (XLF) (Adami)
Financial Select Sector SPDR (XLF) (Najarian)
iShares Dow Jones Select Dividend Index (DVY) (Bolling)
iShares Dow Jones Transportation Average (IYT) (Adami)
iShares MSCI Australia Index (EWA) (Macke)
iShares MSCI Germany Index (EWG) (Adami)
iShares MSCI Germany Index (EWG) (Najarian)
iShares MSCI Japan Index (EWJ) (Adami)
iShares MSCI Japan Index (EWJ) (Macke)
iShares MSCI Taiwan Index (EWT) (Adami)
iShares S&P Latin America 40 Index (ILF) (Bolling)
Oil Services HOLDRs (OIH) (Bolling)
Pharmaceutical HOLDRs (PPH) (Najarian)
PowerShares DB Agriculture (DBA) (Bolling)
PowerShares DB G10 Currency Harvest (DBV) (Bolling)
PowerShares Dyn Energy Exploration (PXE) (Bolling)
PowerShares Dyn Energy Exploration (PXE) (Najarian)
PowerShares Intl Dividend Achievers (PID) (Bolling)
Retail HOLDRs (RTH) (Macke)
Technology Select Sector SPDR (XLK) (Macke)
US Oil (USO) (Bolling)
WisdomTree Japan SmallCap Dividend (DFJ) (Adami)

Sell
SPDR S&P Homebuilders (XHB) (Adami)

* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.

Wednesday’s show was a rerun about spotting tops and bottoms from March 19, 2007. Below is the recap for the latest show with new picks.

Cramer called casinos “cash machines” and said he likes Wynn Resorts (WYNN) on Tuesday’s show..

Buy
American Eagle Outfitters (AEO) (”buy at $22 or $25″) (Mad Money)
American Standard (ASD) (Lightning Round)
Bank of America (BAC) (Lightning Round)
CACI International (CAI) (Lightning Round)
Cal-Maine Foods (CALM) (Lightning Round)
Coca-Cola Enterprises (CCE) (Lightning Round)
Crocs (CROX) (Mad Money)
Dell (DELL) (”$30 by year-end”) (Lightning Round)
Freeport McMoRan (FCX) (Lightning Round)
Gap (GPS) (Mad Money)
General Dynamics (GD) (Lightning Round)
Herbalife (HLF) (Lightning Round)
Hudson City Bancorp (HCBK) (Mad Money)
iShares MSCI France Index (EWQ) (mentioned on Stop Trading!)
Kohl’s (KSS) (Mad Money)
Kraft Foods (KFT) (Lightning Round)
Lockheed Martin (LMT) (Lightning Round)
New York Community Bancorp (NYB) (Mad Money)
Novartis (NVS) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
Raytheon (RTN) (Lightning Round)
Seagate (STX) (mentioned on Stop Trading!)
Southern Copper (PCU) (Lightning Round)
Total (TOT) (mentioned on Stop Trading!)
US Bancorp (USB) (Lightning Round)
Wachovia (WB) (Lightning Round)
Washington Mutual (WM) (Lightning Round)
Wells Fargo (WFC) (Lightning Round)

Sell
Bank of New York (BK) (mentioned on Stop Trading!)
Casual Male Retail Group (CMRG) (Lightning Round)
Merck (MRK) (Lightning Round)
Micron Technology (MU) (Lightning Round)
Northern Trust (NTRS) (mentioned on Stop Trading!)
O’Charley’s (CHUX) (Lightning Round)
Qualcomm (QCOM) (Lightning Round)
Wal-Mart (WMT) (Lightning Round)

* Click here and receive a free market forecast using VantagePoint software.
* Click here for 2 free books that teach you how to trade the E-mini’s.
* Click here for free cassette “17 Rules for Successful Futures Trading.”

Stocks rallied across the board in sharp contrast to the steep decline in the previous session, boosted by strong gains in technology and energy shares as well as particularly light trading volume. Investors took a big drop in the yen and encouraging comments from the chairman of the Federal Reserve as signs that the recent market turmoil is waning.

Today, the Dow Jones industrial average closed up 247.44 or 1.90% to 13,289.29, and the broader S&P 500 closed up 31.40 or 2.19% to 1,463.76. The Nasdaq Composite closed up 62.52 or 2.50% to 2,563.16.

Market breadth was positive and volume was light relative to recent weeks. On the New York Stock Exchange, winners beat losers by more than 7 to 1 on volume of 1.33 billion shares. On the Nasdaq, advancers beat decliners 22 to 6 as 1.67 billion shares changed hands.

The yen saw its biggest one-day % drop against the euro in three years, and against the dollar in two years, as investors sought to bail out of the low-yielding currency for riskier investments. The release of a letter by Federal Reserve Chairman Ben Bernanke stating that the Fed was monitoring trouble in the financial markets, and was prepared to step in and take action if necessary.

It is expected that there won’t be any stability until the next Fed policy meeting on Sept. 18, or until the markets hear something from the Fed that suggests a rate cut. Stocks got battered amid worries about the tightening credit market and the sub-prime mortgage market.

Stock of Google Inc. closed up after stating that the CFO George Reyes plans to leave the company. He will however, stay on to help search for his own replacement.

Shares of Apple closed up $7.26 to $134.08, on speculation that its Sept. 5 media event will include the launch of a new iPod.

Shares of Seagate Technology closed up $0.93 to $25.39, after the company boosted its fiscal first-quarter earnings and revenue forecast, citing stronger demand and better prices.

Stock of Altira closed up $0.73 to $69.80, after stating that it will spin off its Philip Morris international unit. Altria also said it was boosting its quarterly dividend by 8.7% to 75 cents per share. This however, is less than the 10% increase some analysts had been expecting.

Shares of PDL Biopharma closed down $4.80 or 20% to $18.80, after saying that it was withdrawing its 2007 financial guidance and divesting its marketed drugs. The biotech also said that an experimental drug in late-stage trials failed.

U.S. light crude oil for October delivery closed up $1.78 to settle at $73.51 a barrel on the New York Mercantile Exchange, spiking after the government’s weekly inventory report showed a bigger-than-expected drop in oil and gas supplies.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Stocks fell further after commentary from the Federal Reserve failed to confirm thoughts of a rate cut ahead, adding to bearish sentiment that came along with a drop in home prices and consumer confidence. Investors were disappointed about the fact that there wasn’t even a small minority seeking a shift to a neutral policy stance, let alone an aggressive approach to dealing with the brewing credit crisis.

Today, the Dow Jones industrial average closed down 280.28 or 2.1% to 13,041.85, the broader S&P 500 closed down 34.43 or 2.35% to 1,432.36, and the tech-fueled Nasdaq Composite closed down 60.61 or 2.37% to 2,500.64.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by 7 to 1 on volume of 1.4 billion shares. On the Nasdaq, decliners topped advancers by 4 to 1 on volume of almost 1.6 billion shares.

While stocks were already vulnerable, as investors eyed reports that showed a big drop in new home sales, weaker consumer confidence and more problems for the financial sector. The release of the minutes from the last Fed meeting added fuel to the fire. This showed that at the time, the bankers were not overly worried about the impact of the sub-prime and credit market turmoil on the economy. Although, the Fed did state that if the economy should deteriorate, it was prepared to cut rates. The next big event will be Fed chair Ben Bernanke’s comments Friday from the annual economic symposium in Jackson Hole, Wyoming.

July existing home sales report showed that home prices fell 3.2% in the second quarter versus a year ago. A separate report showed consumer confidence slumped in August to a nearly 2-year low, reflecting a brutal summer on Wall Street in which stocks slumped amid worries about the credit and mortgage markets and oil prices surged.

Shares of State Street closed down $2.63 or 3% to $61.25, on reports that the money manager has exposure to $22 billion of asset-backed commercial paper conduits, the kind of assets that have hurt European rivals recently.

Stock of European bank Barclays closed down $2.14 to $46.80, on reports that it may have exposure to several hundred millions of dollars of failed debt. However, Barclays has denied this.

Shares of MedcoHealth Solutions closed down $0.88 to $85.23, after stating that it will buy PolyMedica for $1.5 billion. Stock of PolyMedica closed up $6.40 or 14% to $51.69. Medco currently manages more than $6.5 billion in drug spending for its 2.8 million patients with diabetes. The PolyMedica acquisition is expected to add 1 million members.

U.S. light crude oil for October delivery rose 8 cents to $72.05 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter