Archive for November, 2007

Mad Money / Jim Cramer Daily Recap 11/27/07

Tuesday, November 27th, 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 Tuesday, Cramer said to look at Halliburton (HAL) as an attractive buy with an accelerating international business and a potential takeover from the Middle East.

Bullish
Acuity Brands (AYI) (Featured Stock on Mad Money)
AT&T (T) (Lightning Round)
BHP Billiton (BHP) (discussed on Mad Money)
Celgene (CELG) (Lightning Round)
Citigroup (C) (discussed on Mad Money)
Citigroup (C) (mentioned on Stop Trading!)
Halliburton (HAL) (Featured Stock on Mad Money)
Level 3 (LVLT) (Lightning Round)
Schering-Plough (SGP) (Lightning Round)
Suncor Energy (SU) (discussed on Mad Money)
Tidewater (TDW) (Lightning Round)
VF Corp (VFC) (Lightning Round)

Bearish
Aecom (ACM) (CEO interview on Mad Money)
Akamai Technologies (AKAM) (Lightning Round)
American International (AIG) (discussed on Mad Money)
AnnTaylor Stores (ANN) (Lightning Round)
Biogen Idec (BIIB) (Lightning Round)
Elan Corp PLC (ELN) (Lightning Round)
Jones Soda (JSDA) (Lightning Round)
JPMorgan Chase (JPM) (discussed on Mad Money)
Motorola (MOT) (Lightning Round)
Nabors (NBR) (discussed on Mad Money)
Starbucks (SBUX) (Featured Stock on Mad Money)
Superior Energy Services (SPN) (Lightning Round)
Under Armour (UA) (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.”

Fast Money Recap 11/27/07

Tuesday, November 27th, 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
Altria (MO) (Adami)
Altria (MO) (Finerman)
Amazon.com (AMZN) (Macke)
Amazon.com (AMZN) (Najarian)
American International (AIG) (Adami)
Amgen (AMGN) (Najarian)
Citi Trends (CTRN) (Adami)
Costco (COST) (Macke)
Dillard’s (DDS) (Macke)
eBAY (EBAY) (Najarian)
Genentech (DNA) (Najarian)
Gilead (GILD) (Adami)
Nintendo (NTDOY.PK) (Macke)
Target (TGT) (Najarian)
Walmart (WMT) (Finerman)

Sell
Arbitron (ARB) (Finerman)
Bare Escentuals (BARE) (Najarian)
Financial Select Sector SPDR (XLF) (Macke)
Harley-Davidson (HOG) (Adami)
Heidrick & Struggles (HSII) (Macke)
Pfizer (PFE) (Najarian)
The Children’s Place (PLCE) (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.”

Fast Money Recap 11/26/07

Monday, November 26th, 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
Acuity Brands (AYI) (Adami)
Apple (AAPL) (Dennis Gartman)
Arch Coal (ACI) (Najarian)
Deere & Co (DE) (Adami)
Delta (DAL) (Najarian)
Disney (DIS) (Macke)
Ebay (EBAY) (Najarian)
EMC (EMC) (Adami)
EMC (EMC) (Finerman)
Etrade (ETFC) (Najarian)
Hasbro (HAS) (Macke)
Hewlett-Packard (HPQ) (Adami)
Intel (INTC) (Macke)
JetBlue (JBLU) (Adami)
MasterCard (MA) (Adami)
Microsoft (MSFT) (Dennis Gartman)
Microsoft (MSFT) (Finerman)
Northwest Airlines (NWA) (Najarian)
SPDRs (SPY) (”sell at 1395″) (Macke)
Tesoro (TSO) (Finerman)
Thomas & Betts (TNB) (Adami)
Transocean (RIG) (Dennis Gartman)

Sell
Big Lots (BIG) (Finerman)
Borders (BGP) (Macke)
Circuit City (CC) (Macke)
Countrywide Financial (CFC) (Dennis Gartman)
Garmin (GRMN) (Finerman)
Hovnanian (HOV) (Finerman)
iShares MSCI Brazil Index (EWZ) (Tim Seymour)
Lennar (LEN) (Finerman)
Newell Rubbermaid (NWL) (Finerman)
PF Changs (PFCB) (Macke)
Pfizer (PFE) (Najarian)
Tiffany (TIF) (Dennis Gartman)
VMWare (VMW) (Adami)
VMWare (VMW) (Macke)
Yahoo! (YHOO) (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.”

Mad Money / Jim Cramer Daily Recap 11/26/07

Monday, November 26th, 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.

Monday’s show was a repeat. Below is the latest recap with new picks, from Friday, November 16, 2007.

Bullish
Altria Group (MO) (Featured Stock on Mad Money)
Apple Computer (AAPL) (Lightning Round)
Barrick Gold (ABX) (Lightning Round)
Brocade (BRCD) (Lightning Round)
Cisco (CSCO) (Lightning Round)
Coca-Cola (KO) (discussed on Mad Money)
CVS (CVS) (discussed on Mad Money)
Deckers Outdoor (DECK) (Featured Stock on Mad Money)
Discovery Holding (DISCA) (Featured Stock on Mad Money)
eBay (EBAY) (discussed on Mad Money)
Hasbro (HAS) (Featured Stock on Mad Money)
Hudson City Bancorp (HCBK) (Lightning Round)
Humana (HUM) (discussed on Mad Money)
LSI Industries (LYTS) (mentioned on Stop Trading!)
Medco Health Solutions (MHS) (Featured Stock on Mad Money)
Merck (MRK) (discussed on Mad Money)
Molson Coors (TAP) (Lightning Round)
Olin (OLN) (mentioned on Stop Trading!)
Pepsico (PEP) (discussed on Mad Money)
Procter & Gamble (PG) (discussed on Mad Money)
Research In Motion (RIMM) (Lightning Round)
Rockwell Automation (ROK) (mentioned on Stop Trading!)
Synchronoss (SNCR) (CEO Interview on Mad Money)
Tenet Healthcare (THC) (Lightning Round)
UnitedHealth (UNH) (discussed on Mad Money)
Wells Fargo (WFC) (Lightning Round)
Yamana Gold (AUY) (Lightning Round)

Bearish
Bank of America (BAC) (Lightning Round)
Boston Beer (SAM) (Lightning Round)
Coach (COH) (discussed on Mad Money)
Daimler (DAI) (Lightning Round)
Foster Wheeler (FWLT) (Featured Stock on Mad Money)
Freeport-McMoRan Copper & Gold (FCX) (Featured Stock on Mad Money)
Garmin (GRMN) (mentioned on Stop Trading!)
Gmarket (GMKT) (Lightning Round)
Quintana Maritime (QMAR) (Lightning Round)
Silver Wheaton (SLW) (Lightning Round)
Toyota Motor (TM) (Lightning Round)
Wellcare Health Plans (WCG) (discussed on 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 11/26/07

Monday, November 26th, 2007

PortfolioCrafterWall Street sold off sharply Monday as concerns about a weakening credit market wiped out investors’ enthusiasm about strong retails sales over the holiday weekend.

The Dow Jones industrial average lost 237 points, or 1.8 percent, falling to a 7-month low. The S&P 500 index lost 2.3 percent and fell into negative territory for the year. The Nasdaq composite fell 2.1 percent.

The swoon comes as investors were unnerved by another series of announcements that pointed to continuing problems in the credit markets, the result of home loan debt going bad under the weight of a faltering housing market.

Two banks had bad news: Citigroup Inc. warned it is looking to cut costs — raising the possibility of further job cuts — and HSBC Holdings PLC said it plans to bail out two funds it manages. To do so, Europe’s largest bank plans to move about $45 billion of the fund’s assets onto its balance sheet.

Meanwhile, The New York Federal Reserve, acknowledging “heightened pressures” in money markets that are expected to last through the rest of the year, said it plans to conduct a series of repurchase agreements aimed at boosting liquidity in the credit markets. The announcement from the New York Fed, which carries out monetary policy set by the U.S. Federal Reserve, essentially puts in writing many of the steps the Fed often takes at this time of year.

The Fed said it would inject $8 billion into the banking system on Wednesday. The amount of money is somewhat larger than in past years at this time.

A better-than-expected report on retail sales wasn’t able to hold the market’s early gains. Retail sales on Friday and Saturday combined rose 7.2 percent to $16.4 billion from the same two-day period a year ago, according to ShopperTrak, which tracks total sales at more than 50,000 U.S. retail outlets. That’s helped ease investor concerns about consumer spending, which accounts for two-thirds of all economic activity.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

PortfolioCrafter - Market Commentary 11/23/07

Friday, November 23rd, 2007

PortfolioCrafterStocks slid to close sharply lower as worries about bad home loans, a slumping dollar and oil near $100 a barrel led traders to take money out of the market ahead of the Thanksgiving holiday. The Dow closed at a 7 month low ahead of what for many will be a long holiday weekend.

Stocks rallied, helping recover some of the week’s losses, as investors gobbled up battered financial stocks and indicated hope that retailers fared well on Black Friday. Expectations for this holiday season had been lowered following drops in consumer confidence surveys.

The Dow Jones industrial average closed up 181.84 or 1.42% to 12,980.88, the broader S&P 500 closed up 23.93 or 1.69% to 1,440.70, and the tech-fueled Nasdaq composite closed up 34.45 or 1.34% to 2,596.60. For the week, the Dow lost 1.5%, the S&P 500 declined 1.2% and the Nasdaq slid 1.6%.

Market breadth was positive. On the New York Stock Exchange, advancers beat decliners nearly 5 to 1 on volume of 670 million shares. On the Nasdaq, gainers topped losers by a margin of 21 to 6 as 796 million shares changed hands.

Throngs of shoppers descended on stores nationwide on Black Friday which is considered as one of the most important shopping days of the year for the retail sector. This helped investors shelve worries about the strength of consumer spending, which fuels about two-thirds of the economy.

Shares of E*Trade closed up $1.07 or 25.12% to $5.33, on speculation that the struggling online brokerage might negotiate a takeover by chief rivals TD Ameritrade Holding Corp. or Charles Schwab Corp. Speculation started after it said in a regulatory filing that securities backed by home mortgages lost significant value, and it will book larger-than-expected write downs in the fourth quarter.

Stock of GlaxoSmithkline closed up $2.92 or 6.10% to $50.79, on news that its rotavirus drug Rotarix guards against the five most common types of the virus. Rotavirus causes diarrhea in infants and is already under review by the FDA.

Shares of Boeing closed up $2.13 or 2.44% to $89.54, after KLM Royal Dutch Airlines placed an aircraft order with the company worth about $716 million.

Oil prices turned higher after retreating from the $100-a-barrel mark in the morning. U.S. light, sweet crude for December delivery rose 54 cents to $97.83 a barrel on the New York Mercantile Exchange.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter

Mad Money / Jim Cramer Daily Recap 11/23/07

Friday, November 23rd, 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.

Friday’s show was a repeat. Below is the latest recap with new picks, from Friday, November 16, 2007.

Bullish
Altria Group (MO) (Game Plan on Mad Money)
AT&T (T) (Lightning Round)
Avon (AVP) (”getting another 3 bucks”) (mentioned on Stop Trading!)
Avon (AVP) (Game Plan on Mad Money)
Baidu.com (BIDU) (discussed on Mad Money)
China Mobile (CHL) (discussed on Mad Money)
Cisco Systems (CSCO) (Lightning Round)
Clorox (CLX) (Game Plan on Mad Money)
Coca-Cola (Coke) (KO) (Game Plan on Mad Money)
Colgate-Palmolive (CL) (Game Plan on Mad Money)
Costco Wholesale (COST) (Lightning Round)
CSX (CSX) (CEO interview on Mad Money)
First Solar (FSLR) (Lightning Round)
Focus Media Holding (FMCN) (discussed on Mad Money)
Foster Wheeler (FWLT) (mentioned on Stop Trading!)
Gamestop (GME) (Lightning Round)
Halliburton (HAL) (mentioned on Stop Trading!)
Hewlett Packard (HPQ) (mentioned on Stop Trading!)
Johnson & Johnson (JNJ) (discussed on Mad Money)
Kohl’s (KSS) (mentioned on Stop Trading!)
Kohl’s (KSS) (Lightning Round)
Mastercard (MA) (Lightning Round)
McDonald’s (MCD) (Lightning Round)
Olin (OLN) (Lightning Round)
PetroChina (PTR) (discussed on Mad Money)
St. Jude Medical (STJ) (Featured Stock on Mad Money)
Textron (TXT) (Lightning Round)
UnitedHealth (UNH) (discussed on Mad Money)
Verizon (VZ) (Lightning Round)

Bearish
Abercrombie & Fitch (ANF) (Lightning Round)
Ambac Financial (ABK) (Game Plan on Mad Money)
Art Technology Group (ARTG) (Lightning Round)
Beazer Homes US (BZH) (Game Plan on Mad Money)
Beijing Med-Pharm (BJGP) (discussed on Mad Money)
Blockbuster (BBI) (Lightning Round)
Centex (CTX) (Game Plan on Mad Money)
CMGI (CMGID) (Lightning Round)
Countrywide Financial (CFC) (Game Plan on Mad Money)
Downey Financial (DSL) (Game Plan on Mad Money)
E*TRADE (ETFC) (discussed on Mad Money)
Hansen Medical (HNSN) (discussed on Mad Money)
Humana (HUM) (discussed on Mad Money)
Lundin Mining (LMC) (CEO interview on Mad Money)
Macy’s (M) (Lightning Round)
MBIA (MBI) (Game Plan on Mad Money)
Medco Health Solutions (MHS) (discussed on Mad Money)
MetroPCS (PCS) (Lightning Round)
MGIC Investment (MTG) (Game Plan on Mad Money)
NetGear (NTGR) (Lightning Round)
PMI Group (PMI) (Game Plan on Mad Money)
Pulte Homes (PHM) (Game Plan on Mad Money)
Standard Pacific (SPF) (Game Plan on Mad Money)
Washington Mutual (WM) (Game Plan on 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.”

Mad Money / Jim Cramer Daily Recap 11/22/07

Thursday, November 22nd, 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. Below is the latest recap with new picks, from Friday, November 16, 2007.

Bullish
Altria Group (MO) (Game Plan on Mad Money)
AT&T (T) (Lightning Round)
Avon (AVP) (”getting another 3 bucks”) (mentioned on Stop Trading!)
Avon (AVP) (Game Plan on Mad Money)
Baidu.com (BIDU) (discussed on Mad Money)
China Mobile (CHL) (discussed on Mad Money)
Cisco Systems (CSCO) (Lightning Round)
Clorox (CLX) (Game Plan on Mad Money)
Coca-Cola (Coke) (KO) (Game Plan on Mad Money)
Colgate-Palmolive (CL) (Game Plan on Mad Money)
Costco Wholesale (COST) (Lightning Round)
CSX (CSX) (CEO interview on Mad Money)
First Solar (FSLR) (Lightning Round)
Focus Media Holding (FMCN) (discussed on Mad Money)
Foster Wheeler (FWLT) (mentioned on Stop Trading!)
Gamestop (GME) (Lightning Round)
Halliburton (HAL) (mentioned on Stop Trading!)
Hewlett Packard (HPQ) (mentioned on Stop Trading!)
Johnson & Johnson (JNJ) (discussed on Mad Money)
Kohl’s (KSS) (mentioned on Stop Trading!)
Kohl’s (KSS) (Lightning Round)
Mastercard (MA) (Lightning Round)
McDonald’s (MCD) (Lightning Round)
Olin (OLN) (Lightning Round)
PetroChina (PTR) (discussed on Mad Money)
St. Jude Medical (STJ) (Featured Stock on Mad Money)
Textron (TXT) (Lightning Round)
UnitedHealth (UNH) (discussed on Mad Money)
Verizon (VZ) (Lightning Round)

Bearish
Abercrombie & Fitch (ANF) (Lightning Round)
Ambac Financial (ABK) (Game Plan on Mad Money)
Art Technology Group (ARTG) (Lightning Round)
Beazer Homes US (BZH) (Game Plan on Mad Money)
Beijing Med-Pharm (BJGP) (discussed on Mad Money)
Blockbuster (BBI) (Lightning Round)
Centex (CTX) (Game Plan on Mad Money)
CMGI (CMGID) (Lightning Round)
Countrywide Financial (CFC) (Game Plan on Mad Money)
Downey Financial (DSL) (Game Plan on Mad Money)
E*TRADE (ETFC) (discussed on Mad Money)
Hansen Medical (HNSN) (discussed on Mad Money)
Humana (HUM) (discussed on Mad Money)
Lundin Mining (LMC) (CEO interview on Mad Money)
Macy’s (M) (Lightning Round)
MBIA (MBI) (Game Plan on Mad Money)
Medco Health Solutions (MHS) (discussed on Mad Money)
MetroPCS (PCS) (Lightning Round)
MGIC Investment (MTG) (Game Plan on Mad Money)
NetGear (NTGR) (Lightning Round)
PMI Group (PMI) (Game Plan on Mad Money)
Pulte Homes (PHM) (Game Plan on Mad Money)
Standard Pacific (SPF) (Game Plan on Mad Money)
Washington Mutual (WM) (Game Plan on 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.”

Mad Money / Jim Cramer Daily Recap 11/21/07

Wednesday, November 21st, 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.

Wednesday’s show was a repeat. Below is the latest recap with new picks, from Friday, November 16, 2007.

Bullish
Altria Group (MO) (Game Plan on Mad Money)
AT&T (T) (Lightning Round)
Avon (AVP) (”getting another 3 bucks”) (mentioned on Stop Trading!)
Avon (AVP) (Game Plan on Mad Money)
Baidu.com (BIDU) (discussed on Mad Money)
China Mobile (CHL) (discussed on Mad Money)
Cisco Systems (CSCO) (Lightning Round)
Clorox (CLX) (Game Plan on Mad Money)
Coca-Cola (Coke) (KO) (Game Plan on Mad Money)
Colgate-Palmolive (CL) (Game Plan on Mad Money)
Costco Wholesale (COST) (Lightning Round)
CSX (CSX) (CEO interview on Mad Money)
First Solar (FSLR) (Lightning Round)
Focus Media Holding (FMCN) (discussed on Mad Money)
Foster Wheeler (FWLT) (mentioned on Stop Trading!)
Gamestop (GME) (Lightning Round)
Halliburton (HAL) (mentioned on Stop Trading!)
Hewlett Packard (HPQ) (mentioned on Stop Trading!)
Johnson & Johnson (JNJ) (discussed on Mad Money)
Kohl’s (KSS) (mentioned on Stop Trading!)
Kohl’s (KSS) (Lightning Round)
Mastercard (MA) (Lightning Round)
McDonald’s (MCD) (Lightning Round)
Olin (OLN) (Lightning Round)
PetroChina (PTR) (discussed on Mad Money)
St. Jude Medical (STJ) (Featured Stock on Mad Money)
Textron (TXT) (Lightning Round)
UnitedHealth (UNH) (discussed on Mad Money)
Verizon (VZ) (Lightning Round)

Bearish
Abercrombie & Fitch (ANF) (Lightning Round)
Ambac Financial (ABK) (Game Plan on Mad Money)
Art Technology Group (ARTG) (Lightning Round)
Beazer Homes US (BZH) (Game Plan on Mad Money)
Beijing Med-Pharm (BJGP) (discussed on Mad Money)
Blockbuster (BBI) (Lightning Round)
Centex (CTX) (Game Plan on Mad Money)
CMGI (CMGID) (Lightning Round)
Countrywide Financial (CFC) (Game Plan on Mad Money)
Downey Financial (DSL) (Game Plan on Mad Money)
E*TRADE (ETFC) (discussed on Mad Money)
Hansen Medical (HNSN) (discussed on Mad Money)
Humana (HUM) (discussed on Mad Money)
Lundin Mining (LMC) (CEO interview on Mad Money)
Macy’s (M) (Lightning Round)
MBIA (MBI) (Game Plan on Mad Money)
Medco Health Solutions (MHS) (discussed on Mad Money)
MetroPCS (PCS) (Lightning Round)
MGIC Investment (MTG) (Game Plan on Mad Money)
NetGear (NTGR) (Lightning Round)
PMI Group (PMI) (Game Plan on Mad Money)
Pulte Homes (PHM) (Game Plan on Mad Money)
Standard Pacific (SPF) (Game Plan on Mad Money)
Washington Mutual (WM) (Game Plan on 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 11/21/07

Wednesday, November 21st, 2007

PortfolioCrafterStocks slid to close sharply lower as worries about bad home loans, a slumping dollar and oil near $100 a barrel led traders to take money out of the market ahead of the Thanksgiving holiday. The Dow closed at a 7 month low ahead of what for many will be a long holiday weekend.

The Dow Jones industrial average closed down 211.10 or 1.62% to 12,799.04, the broader S&P 500 closed down 22.93 or 1.59% to 1,416.17, and the tech-fueled Nasdaq composite closed down 34.66 or 1.33% to 2,562.15.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by 23 to 8 on volume of nearly 1.61 billion shares. On the Nasdaq, decliners topped advancers by 5 to 2 as 2.07 billion shares changed hands.

Today’s broad sell off included homebuilders, banks, mortgage lenders and technology shares. It appears as if the weight of the sub prime worries and the credit crunch is coming home to roost. Friday is important for stocks and the economy in that it is Black Friday, the kickoff for the critical holiday shopping season. The sluggish 2008 economic outlook has confirmed other recent signs of a slowdown. Additionally, the Mortgage Banker’s Association reported a 3.6% drop in applications last week, with 47 of the 50 states seeing a drop in existing home sales in the third quarter. There is also some worry that the Federal Reserve is behind in addressing these issues. Policy makers meeting on Dec. 11 are widely expected to cut the fed funds rate by a quarter-percentage point.

In economic news, the October index of Leading Economic Indicators fell 0.5%, after rising 0.1% in the previous month, suggesting that the economic slowdown could accelerate in the months ahead. The November consumer sentiment index from the University of Michigan showed a rise to 76.1 from an initial reading of 75.0, but was down from last month’s 80.9.

Stock of Gap Inc. closed down $1.24 or 6.14% to $18.96, despite stating that third-quarter profit surged 26% as it lowered marketing costs and controlled inventory to offset declining comparable-store sales. It lowered about $75 million in marketing expenses and reduced inventory per square foot.

Shares of Limited Brands Inc. closed up $0.42 or 2.40% to $17.95, after reporting a 48% profit drop and cutting its current quarterly earnings estimate, blaming a challenging retail environment.

Stock of GM closed up $0.10 or 0.38% to $26.39, after reports said that GMAC, its struggling former finance unit, is taking steps to keep its mortgage unit alive.

Shares of Credit Suisse Group closed down $0.82 or 1.43% to $56.59, after Goldman Sachs lowered the bank’s rating to sell from neutral after anticipating less global growth and more skepticism toward the value of its capital-markets businesses.

U.S. light crude oil for January delivery fell 74 cents to settle at $97.29 a barrel on the New York Mercantile Exchange, after having hit a record high of $99.23 in electronic overnight trading. Oil prices got volatile after the release of the weekly oil inventories report, which showed a surprise drop in crude supplies.

All the best,
Manuel Jesus-Backus
The Portfolio Crafter