Archive for September, 2007

Mad Money / Jim Cramer Daily Recap 9/18/07

Tuesday, September 18th, 2007

OnlineTradersForum.com - traders and investors sharing ideasPlease 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.

Jim Cramer said on his “Mad Money” TV show Tuesday that “the Federal Reserve finally got it right today when it cut interest rates by 50 basis points.” Cramer also said “I believe the liquidity crisis will soon be over.”

Bullish
Allscripts Healthcare Solutions (MDRX) (featured on Mad Money)
BEA Systems (BEAS) (featured on Mad Money)
Boeing (BA) (”goes to $120″) (Lightning Round)
Bunge (BG) (Lightning Round)
Caterpillar (CAT) (Mad Money)
Chevron (CVX) (Lightning Round)
Cisco Systems (CSCO) (Lightning Round)
ConocoPhillips (COP) (Lightning Round)
ConocoPhillips (COP) (Mad Money)
Consolidated Edison (ED) (Lightning Round)
Deere (DE) (Lightning Round)
Deere (DE) (Mad Money)
Dominion Resources (D) (Lightning Round)
Exxon Mobil (XOM) (Lightning Round)
Exxon Mobil (XOM) (Mad Money)
Foster Wheeler (FWLT) (Mad Money)
Genesis Lease (GLS) (CEO on Mad Money)
Google (GOOG) (Mad Money)
Hewlett-Packard (HPQ) (Lightning Round)
Hovnanian (HOV) (mentioned on Stop Trading!)
Intel (INTC) (Lightning Round)
Intuitive Surgical (ISRG) (Lightning Round)
Monsanto (MON) (Lightning Round)
Omniture (OMTR) (Lightning Round)
Procter & Gamble (PG) (Lightning Round)
Quality Systems (QSII) (featured on Mad Money)
Toll Brothers (TOL) (mentioned on Stop Trading!)
Wachovia (WB) (Mad Money)
Wachovia (WB) (mentioned on Stop Trading!)

Bearish
Archer-Daniels-Midland (ADM) (Lightning Round)
Ceragon Networks (CRNT) (Lightning Round)
Seagate Technology (STX) (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.”

PortfolioCrafter - Market Commentary 9/18/07

Tuesday, September 18th, 2007

PortfolioCrafterStocks surged and sparked the Dow’s greatest one-day rise in nearly five years, after the Federal Reserve gave Wall Street what it’s been clamoring for, cutting benchmark interest rates even more than most analysts had predicted. The Feds cut the key short-term interest rate by a half-percentage point, reassuring investors that it was taking aggressive action amid the credit and mortgage market meltdown.

Today, the Dow Jones industrial average closed up 335.97 or 2.51% to 13,739.39, the broader S&P 500 closed up 43.13 or 2.92% to 1,519.78, and the tech-heavy Nasdaq composite closed up 70.00 or 2.71% to 2,651.66.

Market breadth was positive. On the New York Stock Exchange, winners beat losers by 10 to 1 on volume of 1.6 billion shares. On the Nasdaq, advancers beat decliners by4 to 1 on volume of 2.1 billion shares.

The Federal Reserve voted to reduce the fed funds rate by a half-percentage point to 4.75%. It was the first time the central bank had cut the fed funds rate since June 2003. This gave investors confidence and aggressive relief to the credit markets and the consumer. The recent rise in mortgage defaults and the tightening of credit had raised expectations on Wall Street that the central bank will have to cut interest rates so as help protect the economy and to keep financial markets stable. The decision reassured investors that the central bank will do what it can to keep liquidity flowing and try to protect the economy from falling into a recession. Reading between the lines, the tone of the statement is that the door is still wide open for cuts in the fed funds and discount rates at upcoming meetings.

Shares of Adobe Systems Inc closed up $0.65 or 1.51% to $43.71, after stating that its third-quarter profit more than doubled compared to the same period a year earlier, bolstered by sales of its flagship Creative Suite 3 product. Its net income rose to $205.2 million, compared with $94.4 million in the same period a year earlier. Revenue rose to $851.7 million from $602.2 million.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Fast Money Recap 9/17/07

Monday, September 17th, 2007

OnlineTradersForum.com - Traders and Investors Sharing IdeasStock picks by each of the traders on the latest episode of “Fast Money.” (Fast Money Recaps at Online Traders’ Forum)

Buy
“Rails” (Adami)
Adobe (ADBE) (Adami)
Bank of America (BAC) (Macke)
BHP Billiton (BHP) (Najarian)
Conoco Phillips (COP) (Finerman)
Ford (F) (Adami)
Macy’s (M) (Macke)
Microsoft (MSFT) (”on a dip”) (Adami)
Monsanto (MON) (Adami)
Nokia (NOK) (Najarian)
Peabody Energy (BTU) (Najarian)
Public Service Enterprise Group (PEG) (Adami)
Rambus (RMBS) (Najarian)
Schwab (SCHW) (Finerman)
Schwab (SCHW) (Najarian)
Target (TGT) (Finerman)
Target (TGT) (Macke)
Texas Industries (TXI) (Finerman)

Sell
“Oil” (Adami)
Amertirade (AMTD) (Finerman)
BHP Billiton (BHP) (Adami)
BHP Billiton (BHP) (Finerman)
BHP Billiton (BHP) (Macke)
E*Trade (ETFC) (Finerman)
E*Trade (ETFC) (Najarian)
iRobot (IRBT) (Macke)
Lehman Brothers (LEH) (Adami)
Microsoft (MSFT) (Macke)
Time Warner (TWX) (Finerman)

* 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.”

PortfolioCrafter - Market Commentary 9/17/07

Monday, September 17th, 2007

PortfolioCrafterStocks closed with modest losses after a light volume session amid investor nervousness ahead of the Federal Reserve’s interest rate decision tomorrow and as a U.K. lender’s ongoing trouble added to worries about the global credit crunch. Investors worried that the central bank won’t cut interest rates by as much as has been hoped.

Today, the Dow Jones industrial average closed down 39.10 or 0.29% to 13,403.42, the broader S&P 500 closed down 7.60 or 0.51% to 1,476.55, and the tech-heavy Nasdaq composite closed down 20.52 or 0.79% to 2,581.66.

Market breadth was negative. On the New York Stock Exchange, losers topped winners by 11 to 5 on volume of 1.1 billion shares. On the Nasdaq, decliners topped advancers by 5 to 2 on volume of 1.4 billion shares.

The market tone was less upbeat on concerns that that the Fed might not cut a key short-term interest rate by as much as had been hoped. Last week, stocks rose because investors were focusing on how a rate cut will help the economy. But this week, there’s a bit more of a recognition that the Fed is in a tight spot, particularly with Greenspan raising the reality that even if the Fed cuts rates, it’s going to potentially drive up inflationary pressures.

The recent rise in mortgage defaults and the tightening of credit have raised bets on Wall Street that the central bank will have to cut interest rates. Investors are now looking for the Fed to cut the fed funds rate, which impacts consumer loans.

Shares of Microsoft closed down $0.31 to $28.73, after a European Union court dismissed the company’s appeal of a 2004 antitrust ruling, and upheld a $605 million fine against the world’s largest software maker. It stated that the software maker stifled competition by unfairly leveraging its dominant position in the market for PC operating systems into work-group server operating systems and media players.

Stock of General Motors closed up $1.10 to $35.32, as talks between the United Auto Workers union and GM resumed, more than two days after the old labor contract expired. Negotiators continue to seek a new labor agreement after their old contract expired.

Shares of InfoSpace closed up $4.32 or 26% to $17.57, on news that it will sell its online directory business to privately-owned Idearc for $225 million.

Stock of Monsanto Co. closed up $1.94 or 2.64% to $75.44, after it raised its full-year earnings forecast because of “extraordinary” global demand for its corn seeds and improved prices for its herbicide business.

U.S. light crude oil for October delivery rose $1.47 to settle at $80.57 a barrel on the New York Mercantile Exchange. However, the record price is still below inflation-adjusted highs hit in the early 1980s, which would be equal to at least $95 a barrel today.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Mad Money / Jim Cramer Daily Recap 9/17/07

Monday, September 17th, 2007

OnlineTradersForum.com - traders and investors sharing ideasPlease 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.

Cramer said on Monday’s show that Grant Prideco (GRP) is the “ultimate laggard” in the oil services group and should be bought.

Bullish
Caterpillar (CAT) (Mad Money)
CME Group (CME) (”coiled spring”) (Lightning Round)
Crocs (CROX) (Lightning Round)
EMC (EMC) (Lightning Round)
Freeport-McMoRan (FCX) (Lightning Round)
Goodyear Tire (GT) (Lightning Round)
Grant Prideco (GRP) (featured on Mad Money)
KeyCorp (KEY) (mentioned on Stop Trading!)
Monsanto (MON) (mentioned on Stop Trading!)
National Oilwell Varco (NOV) (Mad Money)
Nokia (NOK) (Lightning Round)
Nvidia’s (NVDA) (Mad Money)
Parker-Hannifin (PH) (”going to $120″) (Lightning Round)
Rosetta Resources (ROSE) (Lightning Round)
RRSat Global Communications Network (RRST) (featured on Mad Money)
Sears Holdings (SHLD) (Lightning Round)
Sirius Satellite Radio (SIRI) (Lightning Round)
Syngenta (SYT) (mentioned on Stop Trading!)
Texas Instruments (TXN) (Lightning Round)
Union Pacific (UNP) (Lightning Round)

Bearish
Adobe Systems (ADBE) (Mad Money)
Alpha Natural Resources (ANR) (Lightning Round)
Burlington Northern Santa Fe (BNI) (Lightning Round)
Charter Communications (CHTR) (Lightning Round)
Comcast (CMCSA) (Lightning Round)
Delta Air Lines (DAL) (Lightning Round)
Peru Copper (CUP) (Lightning Round)
Time Warner (TWX) (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.”

Mad Money / Jim Cramer Daily Recap 9/14/07

Friday, September 14th, 2007

OnlineTradersForum.com - traders and investors sharing ideasPlease 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.

On Friday, Cramer named three companies whose CEOs are bad. Cramer said he still liked Citigroup (C) but that Syntax Brillian (BRLC) and Alcatel Lucent (ALU) were immediate sells.

Bullish
Baidu (BIDU) (Mad Money)
Blue Coat Systems (BCSI) (Mad Money)
Bunge (BG) (Mad Money)
Caterpillar (CAT) (Mad Money)
Central European Distribution (CEDC) (Mad Money)
Citigroup (C) (featured on Mad Money)
Cnooc (CEO) (Mad Money)
Coca-Cola (KO) (Mad Money)
DuPont (DD) (mentioned on Stop Trading!)
EMC (EMC) (Mad Money)
Enterprise Products Partners (EPD) (featured on Mad Money)
Exxon Mobil (XOM) (featured on Mad Money)
First Solar (FSLR) (Mad Money)
Freeport-McMoRan Copper & Gold (FCX) (featured on Mad Money)
Garmin (GRMN) (Mad Money)
General Mills (GIS) (Mad Money)
Goldman Sachs (GS) (Mad Money)
Inverness Medical Innovations (IMA) (Mad Money)
Kellogg (K) (Mad Money)
LDK Solar (LDK) (Mad Money)
Medco Health Solutions (MHS) (”going to $100″) (featured on Mad Money)
MEMC (WFR) (Mad Money)
Meridian Bioscience (VIVO) (Mad Money)
Monsanto (MON) (Mad Money)
Monsanto (MON) (mentioned on Stop Trading!)
Morgan Stanley (MS) (Mad Money)
Omniture (OMTR) (Mad Money)
PepsiCo (PEP) (Mad Money)
Petrochina (PTR) (Mad Money)
Research In Motion (RIMM) (featured on Mad Money)
Research In Motion (RIMM) (Mad Money)
Sirius Satellite (SIRI) (”going to $4″) (Mad Money)
Suntech Power Holdings (STP) (Mad Money)
Syngenta (SYT)) (mentioned on Stop Trading!)
Wachovia (WB) (Mad Money)

Bearish
Alcatel Lucent (ALU) (featured on Mad Money)
Blockbuster (BBI) (Mad Money)
F5 Networks (FFIV) (Mad Money)
First Marblehead (FMD) (Mad Money)
Pacific Ethanol (PEIX) (Mad Money)
Palm (PALM) (Mad Money)
Syntax Brillian (BRLC) (featured on Mad Money)
Trimble Navigation (TRMB) (Mad Money)

* 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.”

PortfolioCrafter - Market Commentary 9/14/07

Friday, September 14th, 2007

PortfolioCrafterStocks closed higher with the major indexes all scoring weekly gains, after a stronger than expected consumer confidence reading offset weak August retail numbers and news that a U.K. lender is tapping the Bank of England for emergency funds.

Today, the Dow Jones industrial average closed up 17.64 or 0.13% to 13,442.52, the broader S&P 500 closed up 0.30 or 0.02% to 1,484.25, and the tech-heavy Nasdaq composite closed up 1.12 or 0.04% to 2,602.18. For the week, the Dow closed up 2.5%, S&P gained 2.1% and the Nasdaq rose 1.4%.

Market breadth was negative and volume was pretty light. On the New York Stock Exchange, losers beat winners by a narrow margin of 9 to 7 on volume of 1.2 billion shares. On the Nasdaq, decliners topped advancers by 4 to 3 on volume of 1.6 billion shares.

Investors are awaiting the Fed meeting on Tuesday. The central bank is seeking to balance inflationary pressure with the risks of an economic slowdown sparked by the housing market collapse. The rise in mortgage defaults and the tightening of credit have raised bets on Wall Street that the central bank will have to cut interest rates. Should Ben Bernanke opt to cut rates by 25 basis points, stock investors would likely be disappointed. Should the bankers not cut rates at all, stocks would likely tumble, as it would send the message that the bank is behind the curve.

In economic news, retail sales rose just 0.3% in August, from an upwardly revised 0.5% in July. The report seemed to speak to fears that ongoing problems in the credit and mortgage markets are spreading to consumer spending, which fuels roughly two-thirds of economic growth. A separate report showed a weaker-than-expected rise in industrial production.

Shares of Goldman Sachs closed up $2.15 to $190.62, despite the fact that one of their hedge fund suffered a big loss in August. The Global Alpha hedge fund fell 22.7% last month, and is down 33.4% so far this year and has lost 37% over the last 12 months.

Stock of Merrill Lynch closed down $0.45 to $74.69, after stating that its debt investments will hit its third-quarter results. The second-quarter results, the bank said the squeeze in these markets intensified at the beginning of the third quarter.

Shares of American Express closed down $1.60 or 3.8% to $59.00, after a Merrill Lynch analyst reportedly downgraded the credit card issuer to “Neutral” from “Buy.” The report hinged on the slowdown in housing and the disruptions in the financial market, which could crimp the job market and consumer spending.

Stock of ImClone closed down $4.40 or 8% to $39.08, after an analyst downgraded the biotech stock and cut its 12-month price target. This is probably a correction since the stock had surged 205 after it released positive test results for Erbitux, a drug that treats colorectal cancer and cancer of the head and neck.

U.S. light crude oil for October delivery fell 99 cents to settle at $79.10 a barrel on the New York Mercantile Exchange. However, the record price is still below inflation-adjusted highs hit in the early 1980s, which would be equal to at least $95 a barrel today. Oil prices have advanced about 30% in 2007.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Fast Money Recap 9/14/07

Friday, September 14th, 2007

OnlineTradersForum.com - Traders and Investors Sharing IdeasStock picks by each of the traders on the latest episode of “Fast Money.” (Fast Money Recaps at Online Traders’ Forum)

Buy
American Standard (ASD) (Finerman)
Apple (AAPL) (Najarian)
BEA Systems (BEAS) (Finerman)
Boeing (BA) (Adami)
Conoco Phillips (COP) (Finerman)
Cree (CREE) (Najarian)
Dick’s Sporting Goods (DKS) (Macke)
eBay (EBAY) (Macke)
Freeport McMoRan (FCX) (Najarian)
Garmin (GRMN) (Najarian)
Genesco (GCO) (Finerman)
Goldman Sachs (GS) (”sell below $185″) (Macke)
Goldman Sachs (GS) (Adami)
Home Depot (HD) (Finerman)
IBM (IBM) (Najarian)
Lehman Brothers (LEH) (Macke)
Massey Energy (MEE) (Najarian)
Monsanto (MON) (Adami)
NYMEX (NMX) (Adami)
Peabody (BTU) (Najarian)
Rambus (RMBS) (Najarian)
Raytheon (RTN) (Adami)
Research In Motion (RIMM) (Adami)
Research In Motion (RIMM) (Najarian)
Rockwell Collins (COL) (Adami)
Safeway (SWY) (Macke)
Short Dow30 ProShares (DOG) (Adami)
Sun Microsystems (SUN) (Macke)
Under Armour (UA) (Najarian)

Sell
“Gold” (Adami)
Amgen (AMGN) (Adami)
Amgen (AMGN) (Najarian)
Blackstone (BX) (Najarian)
DirecTV (DTV) (Macke)
Leap Wireless (LEAP) (Finerman)
Lehman Brothers (LEH) (Adami)
McDonald’s (MCD) (Adami)
McDonald’s (MCD) (Macke)
Yahoo (YHOO) (Macke)

* 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.”

PortfolioCrafter - Market Commentary 9/13/07

Thursday, September 13th, 2007

PortfolioCrafterStocks finished mostly lower with investors weighing thoughts of an interest-rate cut against crude oil topping $80 a barrel and a reduced forecast from Texas Instruments Inc. The focus is clearly on Fed Chairman Ben Bernanke and his action to meet market expectations that he is going to cut 25 basis points.

Today, the Dow Jones industrial average closed down 16.74 or 0.13% to 13,291.65, the broader S&P 500 closed up 0.07 to 1,471.56, and the tech-fueled Nasdaq composite closed down 5.40 or 0.21% to 2,592.07.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by 9 to 7 on volume of 1.29 billion shares. On the Nasdaq, decliners beat advancers by almost 3 to 1 on volume of 1.91 billion shares.

The surging oil prices and a falling U.S. dollar have had investors worried and losing confidence in the Feds. The low trading volume reflects a wait-and-see attitude ahead of the Fed meeting, and the choppiness is unlikely to disappear any time soon. The financial markets have been volatile as investors have mulled how the credit crisis, rise in mortgage defaults and housing market collapse will hit consumer spending and the broader economy.

Shares of Texas Instruments closed down $0.62 to $35.10, as it narrowed its earnings and revenue forecast. This new forecast is quite in line with analyst expectations.

Shares of Amgen closed up $1.70 or 4% to $55.58, after FDA advisors voted against requiring the company to add information about red blood cell levels to the labels of its anti-anemia drugs. This would boost the sales potential for the drugs.

Stock of Cardica closed up $1.42 or 20% to $10.06, after it received European approval for its device that connects blood vessels during heart bypass surgery.

Shares of Sirius Satellite Radio closed up $0.14 to $3.45, and that of XM Satellite Radio closed up $0.63 to $14.25, on hopes that a proposed merger between the two could get regulatory approval.

U.S. light crude oil for October delivery rose $1.68 to settle at $79.91 a barrel on the New York Mercantile Exchange, briefly hitting an all-time trading high of $80.05 a barrel after the government’s weekly report showed a surprise drop in crude oil inventories.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Mad Money / Jim Cramer Daily Recap 9/13/07

Thursday, September 13th, 2007

OnlineTradersForum.com - traders and investors sharing ideasPlease 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 repeat of a show aired in March about spotting tops and bottoms. Below is the list of stocks from Wednesday’s show, the last one with new picks.

Bullish
Accenture (ACN) (Lightning Round)
Allstate (ALL) (Lightning Round)
Amazon (AMZN) (featured on Mad Money)
Amgen (AMGN) (Lightning Round)
Annaly (NLY) (Lightning Round)
Annaly Capital (NLY) (Lightning Round)
Apple (AAPL) (mentioned on Mad Money)
AT&T (T) (Lightning Round)
Bunge (BG) (mentioned on Stop Trading!)
Celgene (CELG) (Lightning Round)
Central European Media Enterprises (CETV) (mentioned on Mad Money)
Cisco Systems (CSCO) (featured on Mad Money)
Cisco Systems (CSCO) (Lightning Round)
Deere (DE) (mentioned on Stop Trading!)
Dentsply International (XRAY) (Lightning Round)
eBay (EBAY) (mentioned on Mad Money)
Foster Wheeler (FWLT) (mentioned on Mad Money)
Freeport-McMoRan Copper & Gold (FCX) (featured on Mad Money)
Gilead (GILD) (Lightning Round)
Google (GOOG) (featured on Mad Money)
Hewlett-Packard (HPQ) (Lightning Round)
Home Depot (HD) (Lightning Round)
Humana (HUM) (”can go to $90″) (mentioned on Stop Trading!)
Intel (INTC) (Lightning Round)
KBR (KBR) (mentioned on Mad Money)
Kraft Foods (KFT) (Lightning Round)
Las Vegas Sands (LVS) (Lightning Round)
MGM Mirage (MGM) (Lightning Round)
Monsanto (MON) (mentioned on Stop Trading!)
Paccar (PCAR) (Lightning Round)
PepsiCo (PEP) (Lightning Round)
Procter & Gamble (PG) (mentioned on Mad Money)
Research In Motion (RIMM) (mentioned on Mad Money)
Schering-Plough (SGP) (Lightning Round)
Sherwin-Williams (SHW) (Lightning Round)
Sun Microsystems (JAVA) (Lightning Round)
Tyco International (TYC) (Lightning Round)
United Parcel Service (UPS) (mentioned on Mad Money)
Verizon (VZ) (Lightning Round)
Wynn Resorts (WYNN) (Lightning Round)

Bearish
Biovail (BVF) (Lightning Round)
Cabela’s (TAB) (mentioned on Mad Money)
Cognizant Technology (CTSH) (Lightning Round)
Microsoft (MSFT) (Lightning Round)
Paetec Holding (PAET) (Lightning Round)
Sara Lee (SLE) (Lightning Round)
Sears Holdings (SHLD) (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.”