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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.

Jim Cramer, on Wednesday’s show, said investors should just concentrate on buying stocks and making money, and not worry about negative economic news. Traditional market thinking does not apply right now, so even professionals do not understand how to play the market. Oil, tech, fertilizer and alternative energy are all in bull markets.

Bullish
AK Steel (AKS) (Lightning Round)
Apache (APA) (Lightning Round)
Baidu (BIDU) (Mad Money)
Brookfield Asset Management (BAM) (Lightning Round)
Ciena (CIEN) (Lightning Round)
Core Labs (CLB) (Lightning Round)
Deere (DE) (Mad Money)
Diana Shipping (DSX) (mentioned on Stop Trading!)
FMC (FMC) (Lightning Round)
Google (GOOG) (Mad Money)
Mastercard (MA) (Mad Money)
Microsoft (MSFT) (Mad Money)
Nastech Pharmaceutical (NSTK) (Mad Money)
Oceaneering International (OII) (Lightning Round)
Reliance Steel (RS) (Lightning Round)
Transocean (RIG) (Mad Money)
Under Armour (UA) (mentioned on Stop Trading!)
United States Steel (X) (Lightning Round)
XTO Energy (XTO) (Lightning Round)
Yum! Brands (YUM) (”$45 target”) (Lightning Round)

Bearish
Axsys Technologies (AXYS) (Lightning Round)
Citigroup (C) (mentioned on Stop Trading!)
Citigroup (C) (Mad Money)
Concho Resources (CXO) (Lightning Round)
Crocs (CROX) (Mad Money)
Merrill Lynch (MER) (mentioned on Stop Trading!)
Schnitzer Steel Industries (SCHN) (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 closed with monthly gains after the Federal Reserve’s interest-rate decision, offering Wall Street just what it had been clamoring for, a quarter-point cut to 4.5%. However, the statement by the Feds implied that it was done cutting rates for the time being.

The Dow Jones industrial average closed up 137.54 or 1.00% to 13,930.01, the broader S&P 500 closed up 18.36 or 1.20% to 1,549.38, and the tech-fueled Nasdaq composite closed up 42.41 or 1.51% to 2,859.12. For the month, the Dow gained 0.2%, the S&P rose 1.5%, and the Nasdaq climbed 5.5%.

Market breadth was positive. On the New York Stock Exchange, winners beat losers nearly by almost three to one on volume of 1.6 billion shares. On the Nasdaq, advancers topped two to one on volume of 2.5 billion shares.

At the conclusion of their two-day policy meeting, the Feds cut the rate by a quarter-percentage point to 4.50%. This was in line with forecasts and helped loosen up the credit markets and protect the economy from the impact of the housing market collapse. However, the statement was a little more hawkish than what most people expected, as they signaled more than once in the statement that they pretty much are done for now.

A strong reading on GDP growth and the day’s other positive news seemed to overshadow any potential concerns about record oil prices and the plunging dollar. The economy grew at a 3.9% annual rate in the third quarter, against the expected 3.15 by economist. The employment cost index, rose a smaller-than-expected 0.8% in the third quarter. The Chicago PMI fell to 49.7 in October, from 54.2 in September.

Shares of Google closed up $12.23 or 1.76% to $707.00, topped $700 for the first time ever. Analyst belief that as long as Google continues to extend its lead in search over Yahoo and Microsoft, it will keep climbing higher and higher. Google is partnering with companies such as Clear Channel and Dish on extending its automated ad buying system to radio and television.

Stock of Commerce Group closed up $5.37 or 17.26% to $36.49, after it stated that it would be acquired by Spain’s Mapfre S.A. for $2.21 billion, or $36.70 a share.

Shares of MasterCard closed up $32.76 or 20.85% to $189.91, after it said third-quarter net income jumped 63% due in part to an asset sale and higher consumer spending. Its quarterly profit rose to $314.5 million, from $193 million in the year-ago period. Its revenue climbed 20% to $1.08 billion from $902 million.

Stock of Alcatel-Lucent SA, closed up $0.30 or 3.19% to $ 9.69, after stating that it will cut a further 4,000 jobs and replace its CFO as part of a turnaround plan. This will help save an extra $577 million by the end of 2009. It reported a net loss of 258 million euros, against a profit of 532 million euros a year earlier. Revenue fell 11% year-over-year to 4.35 billion euros.

U.S. light crude oil for December delivery briefly hit a record high of $94.69 a barrel on the New York Mercantile Exchange, before pulling back a bit. Oil prices had already risen after the government’s weekly report showed a surprise drop in crude inventories, but the gains accelerated after the Fed announcement.

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
“Copper” (Dennis Gartman)
“Copper” (Worth)
“Crude Oil” (Dennis Gartman)
“Gold” (Dennis Gartman)
“Natural Gas” (Dennis Gartman)
“Steel” (Dennis Gartman)
“Wheat” (Dennis Gartman)
Apple (AAPL) (Najarian)
BHP Billiton (BHP) (Najarian)
Boyd Gaming (BYD) (Adami)
Chipotle Mexican (CMG) (Macke)
Chipotle Mexican (CMG) (Worth)
Cigna (CI) (Worth)
Dell (DELL) (Adami)
Disney (DIS) (Macke)
Google (GOOG) (Najarian)
IAC/InterActiveCorp (IACI) (Najarian)
Intel (INTC) (Adami)
MasterCard (MA) (Adami)
Microsoft (MSFT) (Adami)
Microsoft (MSFT) (Macke)
Microsoft (MSFT) (Worth)
Time Warner (TWX) (Adami)
Yahoo (YHOO) (Macke)

Sell
“Crude Oil” (Worth)
Alcatel (ALU) (Worth)
AMBAC (ABK) (Worth)
Buffalo Wild Wings (BWLD) (Macke)
Countrywide (CFC) (Dennis Gartman)
Crocs (CROX) (Macke)
Google (GOOG) (Worth)
iShares FTSE/Xinhua China 25 Index (FXI) (Worth)
Lodgenet Entertainment (LNET) (Macke)
MBIA (MBI) (Dennis Gartman)
MBIA (MBI) (Worth)
Newmont Mining (NEM) (Adami)
Public Service Enterprises (PEG) (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.

Cramer, on Tuesday’s show, called Brazil’s growing economy an “investor nirvana” and that Whirlpool (WHR) and Colgate (CL) benifit from their Latin American exposure.

Bullish
Altria (MO) (Lightning Round)
Annaly Capital Management (NLY) (Lightning Round)
Apple (AAPL) (Lightning Round)
Banco Bradesco (BBD) (Featured Stock on Mad Money)
BE Aerospace (BEAV) (mentioned on Stop Trading!)
Colgate (CL) (Mad Money)
Colgate (CL) (mentioned on Stop Trading!)
Colgate (CL) (Lightning Round)
Corning (GLW) (Featured Stock on Mad Money)
Diana Shipping (DSX) (Lightning Round)
FMC Technologies (FTI) (Lightning Round)
Focus Media Holding (FMCN) (Lightning Round)
Foster Wheeler (FWLT) (Lightning Round)
Furmanite Corporation (FRM) (Lightning Round)
Google (GOOG) (Lightning Round)
Marathon Oil (MRO) (Featured Stock on Mad Money)
NexCen Brands (NEXC) (Lightning Round)
Perry Ellis International (PERY) (Lightning Round)
PetroChina (PTR) (Lightning Round)
Phillips-Van Heusen (PVH) (Lightning Round)
Research In Motion (RIMM) (Lightning Round)
Southern Peru Copper (PCU) (Mad Money)
Sunoco (SUN) (Mad Money)
Synchronoss Technologies (SNCR) (Lightning Round)
Tesoro (TSO) (Mad Money)
Valero Energy (VLO) (Mad Money)
ValueClick (VCLK) (Lightning Round)
Vodafone (VOD) (Lightning Round)
Whirlpool (WHR) (Mad Money)

Bearish
3SBio (SSRX) (Lightning Round)
AU Optronics (AUO) (Mad Money)
Banco Itau (ITU) (Mad Money)
Coach (COH) (Lightning Round)
ConAgra Foods (CAG) (Lightning Round)
E-House Holdings (EJ) (Lightning Round)
Goodrich (GR) (mentioned on Stop Trading!)
J2 Global Communications (JCOM) (Lightning Round)
Palm (PALM) (Lightning Round)
Procter & Gamble (PG) (mentioned on Stop Trading!)
Synaptics (SYNA) (Lightning Round)
Vympel Communicatii (VIP) (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
Activision (ATVI) (Macke)
Apple (AAPL) (Najarian)
Boyd Gaming (BYD) (Adami)
Cadbury Schweppes (CSG) (Finerman)
Colgate (CL) (Najarian)
Dell (DELL) (Adami)
Dell (DELL) (Najarian)
Dick’s Sporting Goods (DKS) (Najarian)
Estee Lauder (EL) (Finerman)
Google (GOOG) (Najarian)
Hewlett Packard (HPQ) (Najarian)
Las Vegas Sands (LVS) (Adami)
Liz Claiborne (LIZ) (Adami)
Liz Claiborne (LIZ) (Finerman)
Liz Claiborne (LIZ) (Macke)
Masco (MAS) (Adami)
MasterCard (MA) (Finerman)
Microsoft (MSFT) (Macke)
Nintendo (NTDOY.PK) (Macke)
Procter & Gamble (PG) (Macke)
Raymond James (RJF) (Adami)
Sirius Satellite (SIRI) (Macke)
Sohu.com (SOHU) (Najarian)
Take Two Interactive (TTWO) (Najarian)
Under Armour (UA) (Najarian)
United Parcel Service (UPS) (Adami)
US Steel (X) (”buy at $95″) (Adami)
Wynn Resorts (WYNN) (Najarian)
Yahoo (YHOO) (Macke)
Yum! Brands (YUM) (Finerman)

Sell
“Crude Oil” (Finerman)
Agco (AG) (Adami)
Energizer (ENR) (Macke)
Exxon Mobil (XOM) (Adami)
Merrill Lynch (MER) (Finerman)
Potash (POT) (Najarian)
Radio Shack (RSH) (Macke)
US Oil (USO) (Finerman)
Wellcare (WCG) (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.”

Stocks declined with Apple Inc.’s sales offering a late lift to technology stocks amid ongoing speculation about the Federal Reserve’s next interest-rate move, and on Procter & Gamble’s warning that rising commodity prices would dent profit. The Dow slipped and the broader market was mixed in which investors showed caution ahead of an expected interest rate cut from the Federal Reserve Wednesday.

The Dow Jones industrial average closed down 77.79 or 0.56% to 13,792.47, the broader S&P 500 closed down 9.96 or 0.65% to 1,531.02, and the tech-fueled Nasdaq composite closed down 0.73 or 0.03% to 2,816.71.

Market breadth Tuesday was negative. On the New York Stock Exchange, losers beat winners 9 to 7 on volume of 1.2 billion shares. On the Nasdaq, decliners topped advancers by 4 to 3 on volume of 2.2 billion shares.

It is evident that the market is waiting for the next shot in the arm and the Fed is likely to provide it tomorrow. Federal Reserve officials are expected to cut the fed funds rate by a quarter percentage point to 4.50%. The Fed cut rates last month by a half-percentage point in an attempt to both loosen up the credit market
and stop the housing market collapse from sending the broader economy into a recession. However, with oil prices near all-time records and gold prices near 26 year highs, concerns remain about pricing pressure and the strength of the consumer.

In economic news, October consumer confidence index fell to its lowest level in two years, versus forecasts for it to hold steady. Around 61% of the S&P 500 September quarter earnings have been reported, with growth on track to have fallen 0.9% from a year ago. That makes the quarter the weakest in at least five years.

Shares of Merrill Lynch closed down $1.86 or 2.76% to $65.56, after stating that Chairman and CEO Stanley O’Neal is retiring from the firm. This has come one week after the brokerage said it lost $8 billion in the third quarter due to bad mortgage bets. Write downs on home loans given to borrowers with poor credit and collateralized debt obligations – pools of bonds sold off in slices of varying credit risk – hurt performance and resulted in the company reporting its first quarterly net loss since 2001.

Stock of Procter & Gamble closed down $2.88 or 4.01% to $68.95, despite reporting higher quarterly earnings that edged expectations, and also issuing a current-quarter outlook that disappointed investors. Its net income grew to $3.08 billion, from $2.7 billion a year ago. Sales rose 8% to $20.2 billion from $18.79 billion a year ago, with internal growth contributing 5% of the increase.

Share of Boeing closed up $0.34 or 0.35% to $97.33, on news that it is boosting its share buyback plan by $7 billion and that it is announcing a quarterly dividend of 35 cents per share.

Stock of ON Semiconductor closed down $1.97 or 16.16% to $10.22, after the company reported lower third-quarter earnings that missed estimates and gave a fourth-quarter revenue forecast that is below analysts’ estimates.

U.S. light crude oil for December delivery fell $3.15 to settle at $90.38 a barrel on the New York Mercantile Exchange after settling at a record $93.53 a barrel Monday.

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.

The curent cold spell is already causing consumers to go to stores to buy winter wear. Cramer recomended Ralph Lauren (RL) and Nordstrom (JWN) as retail plays.

Bullish
Adobe Systems (ADBE) (Lightning Round)
AT&T (T) (Lightning Round)
Baidu.com (BIDU) (Lightning Round)
Boeing (BA) (Lightning Round)
Cleveland-Cliffs (CLF) (”worth 50% more in buyout”) (on Stop Trading!)
comScore (SCOR) (Lightning Round)
Diana Shipping (DSX) (mentioned on Stop Trading!)
First Solar (FSLR) (Lightning Round)
Freeport-McMoRan (FCX) (Lightning Round)
Manitowoc (MTW) (Lightning Round)
Masimo (MASI) (Lightning Round)
MEMC Electronic Materials (WFR) (Lightning Round)
National Oilwell Varco (NOV) (Lightning Round)
Nordstrom (JWN) (Mad Money) (Featured Stock on Mad Money)
Omniture Inc (OMTR) (Lightning Round)
Oshkosh Truck (OSK) (Lightning Round)
Ralph Lauren (RL) (Featured Stock on Mad Money)
Sears (SHLD) (Lightning Round)
SunPower (SPWR) (Lightning Round)
Target (TGT) (Mad Money) (Featured Stock on Mad Money)
Transocean (RIG) (Lightning Round)
Verizon (VZ) (Lightning Round)

Bearish
Allegheny Technologies (ATI) (Lightning Round)
Build-A-Bear Workshop (BBW) (Mad Money)
Coach (COH) (Mad Money)
Dow Chemical (DOW) (Lightning Round)
General Mills (GIS) (mentioned on Stop Trading!)
JC Penney (JCP) (Mad Money)
Kellogg (K) (mentioned on Stop Trading!)
LDK Solar (LDK) (Lightning Round)
lululemon (LULU) (Lightning Round)
MetroPCS Communications (PCS) (Lightning Round)
Six Flags (SIX) (Mad Mail)
Sketchers (SKX) (Mad Mail)
Spartan Motors (SPAR) (Lightning Round)
Titanium Metals (TIE) (Lightning Round)
Wal-Mart (WMT) (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.”

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

Buy
American Axle (AXL) (Macke)
BEA Systems (BEAS) (Finerman)
Cepheid (CPHD) (Najarian)
Colgate (CL) (Najarian)
Dell (DELL) (Adami)
Eastman Kodak (EK) (Carter Worth)
Eastman Kodak (EK) (Najarian)
Gap (GPS) (Macke)
Gilead (GILD) (Adami)
Goldman Sachs (GS) (Finerman)
Intel (INTC) (Macke)
Manitowoc (MTW) (Najarian)
Merrill Lynch (MER) (Najarian)
Myriad Genetics (MYGN) (Najarian)
Nike (NKE) (Macke)
Procter & Gamble (PG) (Adami)
Procter & Gamble (PG) (Finerman)
Procter & Gamble (PG) (Macke)
Safeway (SWY) (Macke)
Tesoro (TSO) (Adami)
Tupperware (TUP) (Najarian)
Under Armour (UA) (Najarian)
Verizon (VZ) (Adami)
Verizon (VZ) (Finerman)
Verizon (VZ) (Macke)
Verizon (VZ) (Najarian)
Washington Group (WNG) (Finerman)
Weyerhaeuser (WY) (Adami)

Sell
Comcast (CMCSA) (Adami)
EMC (EMC) (Macke)
Exxon Mobil (XOM) (Adami)
Garmin (GRMN) (Finerman)
Liz Claiborne (LIZ) (Carter Worth)
Merrill Lynch (MER) (Macke)
Office Depot (ODP) (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.”

Stocks ended with gains with expectations of another interest-rate cut by the Federal Reserve helping to bolster financial stocks badly battered in recent months by sub-prime mortgage losses. While the data hasn’t provided a compelling case for another aggressive Fed injection of liquidity, recent ghoulish third-quarter financial sector write-offs appear to have swung market sentiment toward a deeper insurance cut.

The Dow Jones industrial average closed up 63.56 or 0.46% to 13,870.26, the broader S&P 500 closed up 5.70 or 0.37% to 1,540.98, and the tech-fueled Nasdaq composite closed up 13.25 or 0.47% to 2,817.44.

Market breadth was positive. On the New York Stock Exchange, winners beat losers nine to seven on volume of almost 1.22 billion shares. On the Nasdaq, advancers barely edged decliners on volume of 2.05 billion shares.

Investors have continued to bet that the Fed will cut rates again. The market is trading on the anticipation of a quarter-percentage point cut and the increased liquidity it will bring. Traders are betting that policy makers will cut the fed funds rate to 4.50%. Recent economic reports have raised bets that the Federal Reserve will cut rates again, despite the recent spike in oil prices, which increases inflationary pressures. About 59% of the S&P 500 has reported results, and earnings growth is currently on track to have fallen 1% from a year ago.

Shares of Merrill Lynch closed up $1.33 or 2.01% to $67.42, on news that the CEO Stanley O’Neal is expected to announce his resignation from the firm, one week after the company said it lost $8 billion in the third quarter due to bad mortgage bets. The mortgage hit was well above the write down the company estimated it would take earlier this month. During the quarter ended in September, the bank scaled back its CDO exposure by 53% to $15.2 billion and reduced its sub-prime exposure by 35% to $5.7 billion.

Stock of Radio Shack closed up $0.80 or 4.08% to $20.42, after reporting higher quarterly earnings that beat forecasts and said fourth-quarter earnings will grow from a year ago. It reported a net income of $46.3 million, compared with loss of $16.3 million a year earlier. Sales in the quarter ended Sept. 30 fell 9.4% to $960.3 million.

Shares of Gap Inc closed up $0.06 or 0.32% to $18.67, after being forced to disavow a sweatshop in India that employed young children in reportedly miserable working conditions. Gap said it was only informed of the sweatshop earlier this week, and “immediately launched” an investigation.

Stock of Office Depot closed down $2.86 or 14.10% to $17.43, after the retailer said the release of its earnings will be delayed due to possible accounting irregularities found by an independent review.

U.S. light crude oil for December delivery rose $1.67 to settle at $93.53 a barrel on the New York Mercantile Exchange, a record close.

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
Apple (AAPL) (Najarian)
Baidu.com (BIDU) (Najarian)
Baker Hughes (BHI) (Najarian)
BHP Billiton (BHP) (Najarian)
Coach (COH) (Macke)
Dell (DELL) (Adami)
Goldman Sachs (GS) (Finerman)
Google (GOOG) (Najarian)
Intel (INTC) (Adami)
Intel (INTC) (Macke)
Kraft Foods (KFT) (Finerman)
Manitowoc (MTW) (Najarian)
Merck (MRK) (Adami)
Monster (MNST) (Adami)
Procter & Gamble (PG) (Adami)
Procter & Gamble (PG) (Finerman)
Procter & Gamble (PG) (Macke)
Raymond James (RJF) (Adami)
US Steel (X) (Adami)
Yahoo! (YHOO) (Macke)
Yahoo! (YHOO) (Najarian)
Zimmer Holdings (ZMH) (Adami)

Sell
Broadcom (BRCM) (Najarian)
Countrywide (CFC) (Finerman)
Countrywide (CFC) (Najarian)
Exxon Mobil (XOM) (Adami)
New York Times (NYT) (Macke)
US Oil (USO) (Finerman)
Wellcare (WCG) (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.”