Jim Cramer's Mad Money Review

Bullish calls:
Amazon (AMZN): 'There's somebody who does a lot of shipping, and a stock I like. Let's wait for that stock to pull back.'
AK Steel (AKS)
Reliance Steel (RS)
Vulcan Materials (VMC)
DynCorp (DCP): 'The stock's up at $23, but I've got to tell you something, I think it's has more to it.'
Celgene (CELG): 'We've been buying CELG since $54-55, when Bob Hugin, the excellent COO... gave us the upside.'
Transocean (RIG):' I'd rather see you in RIG.'
Global Santa Fe (GSF):
Schlumberger (SLB)
Gardner Denver (GDI): ' … even though it was up yesterday, I'd rather see you in Gardner Denver.'
Bearish calls:
China Precision (CPSL)
Heelys (HYLS): 'HLYS is a broken stock and a broken company. I cannot think of a reason to own it.'
Alcan (AL): 'I want you to hang up right now and sell, sell, sell... You've won my friend. You can only lose.'
Texas Industries (TXI)
China BAK Battery (CBAK): 'All I know is, if you're greedy on these, you will get annihilated. I want you to take half off right now, and let the rest run.'
Target (TGT): 'I can't think of a catalyst to move it.'
Bare Escentuals (BARE): 'I want to stay away from the fragrance group. I've got nothing good to say about it.'
Avon Products (AVP)
International Flavors & Fragrances (IFF)
United Parcel Service (UPS): ' … when the economy slows, you don't want to be in these stocks.'
FedEx (FDX)
Hansen Medical (HNSN): 'I want you to take the gain. There are better fish to fry.'
J.C. Penney (JCP): 'JCP's an inexpensive stock that I don't have a catalyst (for) … Don't buy, Don’t buy.'
Kohl’s (KSS)
Vanda Pharmaceuticals (VNDA): 'I'm saying no to VNDA, and I want you to buy CELG.'
Hercules Offshore (HERO)
Published by SeekingAlpha

Labels: AKS, AL, AMZN, AVP, BARE, CBAK, CELG, CPSL, FDX, GDI, GSF, HYLS, Jim Cramer, Lightning Round, RIG, RS, SLB, TGT, TXI

Cramer started the Lightning Round by recommending that holders of Baidu.com (BIDU) and Focus Media (FMCN) take some profits off the table. The holders of these stocks should sell half their holdings.

Bullish:
Cisco (CSCO) is a better choice than Arris Group
Procter & Gamble (PG)
AK Steel (AKS): Cramer recommended owning AKS on the potential for a takeover.
Go with Wynn (WYNN) and Las Vegas Sands (LVS) instead
Republic Services (RSG): Likes it but would go with Waste Management (WMI) is the best-of-breed stock in this space.
Altria (MO): Stick with it and buy more if it goes below $65.
Intuitive Surgical (ISRG): "One of the great growers."
Freeport-McMoRan (FCX): Cramer expects FCX to go $120, but he wouldn't frown on investors taking profits.
Cramer likes Best Buy (BBY) or Lululemon (LULU) better.
Chipotle (CMG) instead of Buffalo Wild Wings
Garmin (GRMN): Cramer likes the stock, but it's up too much today.

Bearish:
Harman International (HAR): Wait until December to look at.
Arris Group (ARRS): Overpay
Global Payments (GPN): Cramer's not interested.
Melco (MPEL): Three boo's
E*Trade (ETFC): Cramer isn't bullish on the stock just yet. He said he doesn't think it goes below $9.
GigaMedia (GIGM): Cisco (CSCO) is the better play here also.
hhgregg Inc (HGG): No
Buffalo Wild Wings (BWLD): Cramer thinks you should get out of Buffalo Wild Wings

Labels: AKS, BBY, BIDU, CMG, CSCO, FCX, FMCN, GRMN, ISRG, Jim Cramer, Lightning Round, LULU, LVS, Mad Money, MO, PG, RSG, WYNN

Stocks Hurt On Subprime Woes
1 The NYSE composite sank 2.1%, the S&P 500 2%, the Nasdaq 1.9% and the Dow 1.6% in heavy volume as several market leaders came under pressure. Countrywide Fin'l missed profit views and slashed targets, as delinquencies spread beyond subprimes. Home builders and lenders were among the worst hit. The 10-year Treasury yield fell 4 basis points to 4.92%.
Amazon Soars On Strong Growth
2 The e-commerce giant's Q2 profit shot up 280% to 19 cents a share, 3 cents over views. Sales grew 35% -- the best in more than 3 years -- to $2.89 bil. Amazon (NasdaqGS:AMZN - News) said it got 2.2 mil orders for the final Harry Potter book. It sees Q3 revenue of $3 bil-$3.175 bil vs. views for $3 bil. Amazon shares surged 18% in late trading to record highs after falling 3.5% ahead of results.
AT&T Tops Views; iPhone Soft?
3 The telecom giant's Q2 profit rose 21% to 70 cents a share ex items, beating views by 3 cents. Revenue was $29.5 bil, or $29.8 bil adjusted. AT&T (NYSE:T - News) added 1.5 mil mobile users vs. 1.2 mil in Q1. But the U.S. mobile provider of Apple' (NasdaqGS:AAPL - News)s iPhone activated just 146,000 of the handsets June 29-30, far fewer than forecast. AT&T shares fell 1%. Apple, which reports Wed., slid 6%.
Countrywide: Loan Woes Spread
4 The mortgage giant missed EPS views badly and warned on full-year goals, citing "increasingly challenging" housing and mortgage markets. Subprime delinquencies soared, but high-quality loans had problems, too. Countrywide (NYSE:CFC - News) shares fell 10% to their lowest close in 3 years. Moody's and Pimco warned of liquidity woes. Lenders, home builders and financials overall sold off hard.
Gen. Plans Troops In Iraq In '09
5 Gen. David Petraeus has developed plans to achieve sustainable security in '09, his spokesman said. The Pentagon emphasized it's just a draft. Separately, President Bush warned against pulling out troops quickly and argued al-Qaida was deeply involved in Iraq. Also, U.S. and Iran agreed after talks in Baghdad to work together on security in Iraq.
Energy Prices Continue To Drop
6 Natural gas prices slid 2.9% to $5.863 per mil Btu, the lowest since Feb. '05. U.S. supplies are swelling. Gasoline futures fell 5.64 cents to $2.0477 a gallon, extending a sharp drop over the past 2 weeks as refineries come back on line. Analysts expect the gov't to say Wed. that U.S. gasoline stockpiles rose last week. Crude futures fell $1.33 to $73.56 a barrel.
AK, U.S. Steel Profits Beat Views
7 U.S. Steel's (NYSE:X - News) Q2 EPS fell 14% to $2.66 ex items amid weak flat-rolled shipments. But that still topped views by 31 cents. Sales grew 2.4% to $4.2 bil. Meantime, AK Steel (NYSE:AKS - News) more than tripled Q2 EPS to 98 cents, beating views by 28 cents. Sales rose 25% to $1.87 bil. Higher shipments and lower labor costs helped. Steel Dynamics (NasdaqGS:STLD - News) missed views late Mon. Shares of all 3 steel makers edged up.
DuPont Misses On Higher Costs
8 The chemical giant said Q2 profit rose 3% to $1.04 a share ex items, 2 cents shy of views. Sales grew 6% to $7.88 bil as the weak dollar boosted int'l volume growth. But weak U.S. housing and auto markets as well as higher energy and research costs hurt. DuPont (NYSE:DD - News) sees '07 EPS of $3.15, below views of $3.18. Its shares fell 6% to 49.90.
CME Slips 2% After Q2 Earnings
9 The Chicago Mercantile Exchange (NYSE:CME - News) said its earnings rose 18% to $3.69 a share ex items, 3 cents ahead of expectations. Revenue grew 17% to $329 mil, just shy of forecasts. Derivatives trading rose 10% in the quarter after a quiet April. The company said it is focusing on digesting its merger with the Chicago Board of Trade .
Afghan Rebels Killed In Clashes
10 U.S., NATO and Afghan forces have killed over 75 Taliban terrorists in 3 separate battles in southern Afghanistan. Fighting has intensified as NATO-led coalition forces have attacked Taliban strongholds in the south near the Pakistan border. Meanwhile, the fate of 23 S. Korean missionaries held hostage remained unknown.
Published by Investor's Business Daily

Labels: AAPL, AKS, AMZN, CFC, CME, DD, STLD, T, X

Only two trading days remain in the year and, in the absence of any market nosedives between now and Friday, bulls will probably be pleased with the stock market’s performance in 2006. The S&P 500 Index ($SPX) has added a respectable 14.3%, the Dow Jones Industrial Average ($INDU) is up 16.74% to record highs, and the NASDAQ ($COMPQ) is up 10.24%.The gains aren’t limited to the large cap stocks of the Dow, S&P 500, or NASDAQ. The Russell 2000 Small Cap Index ($RUT) gained 18.5% and the S&P MidCap Index ($MID) rose more than 10%. In addition, nearly every sector of the market moved higher as well. Steel stocks were among the best gainers. Investor appetite for steel companies rose amid merger hopes and better pricing for the metal. So, despite concerns about slowing demand from autos and housing, stocks like AK Steel (AKS) and Chaparral Steel (CHAP) surged more than 100%. The SIG Steel Producers Index ($STQ) is up nearly 50% on the year. Tech stocks traded mostly higher. Computer stocks led the sector in 2006. The GSTI Computer Index ($GHA) surged 31.65% since December 31, 2005. Internet and software stocks also did well. However, semiconductors did not. The PHLX Semiconductor Index ($SOX) is off 2% and, at 469.97; the chip index is below its 2003 closing value of 508.21 The Dogs of the Dow ($MUT) made a comeback. The investment strategy, which involves buying the ten Dow stocks with the highest dividend yields at the beginning of the year, delivered a 27% return so far in 2006. The advance follows an 8.85% decline in 2005. Energy stocks continued their dominant performance. The Select Sector Energy Fund (XLE), which holds all of the energy-related stocks from within the S&P 500 Index, is up 18%. The gains add to a 23.4% advance in 03, a 31.8% rally in 04, and a 38.5% surge last year. Major oil companies led the rally. The AMEX Oil Index ($XOI) is up 21.4%. Meanwhile, the AMEX Natural Gas Index ($XNG) has added 12.53% and the PHLX Oil Service Index ($OSX) gained 11.1%.Brokers and banks helped lift the financials. The Select Sector Financial Fund (XLF) rallied 17.21%. Commodity-related stocks, consumer staples, retailers, and cyclicals also beat the S&P 500 Index. Utilities, airlines, and gold mining stocks also did well in 2006.
By Frederic Ruffy, Optionetics.com

Labels: AKS, CHAP, GHA, MUT, OSX, SOX, STQ, XLE, XLF, XNG, XOI