Jim Cramer's Mad Money Review

Bullish:
Lululemon (LULU) since it is up 53% since Cramer recommended it on August 3.
Stericycle (SRCL): Cramer has been behind this stock for a while and he's still recommending it.
Coach (COH): Cramer thinks you can get the stock at a discount right now.
Cramer likes Bunge (BG), Monsanto (MON), Deere (DE) and Mosaic (MOS)
DryShips (DRYS): Cramer is bullish.
Union Pacific (UNP): Likes more than BNI
Amazon.com (AMZN): Cramer thinks the stock is going up to $100.

Bearish:
BPZ Energy (BZP): Cramer needs to do some research on the stock and follow up.
Compellent Tech (CML): Cramer needs to do his homework on the stock and come back to it later.
Burlington Northern Santa Fe (BNI): Cramer likes the railroad stocks, but UNP more
American Oriental (AOB): Likes Bunge, Monsanto, Deer and Mosaic more.

Labels: AMZN, AOB, BG, BNI, BZP, CML, COH, DE, DRYS, Jim Cramer, Lightning Round, LULU, Mad Money Lightning Round, MON, MOS, SRCL, UNP

Google (GOOG), Apple (AAPL), Research In Motion (RIMM), Amazon (AMZN), VMware (VMW), Garmin (GRMN), Oceaneering (OII), FMC Technologies (FTI), Core Labs (CLB), Transocean (RIG)
Amid rumors that tech is overstretched, Cramer still backs his four horsemen: Google, Apple, Research in Motion and Amazon, and adds VMW, since it is "going higher" as well as Garmin, which he says will be good until the holiday season. Cramer explains; "Those are all stocks that are stretched from a multiple point of view. Periodically, but not often, I'm willing to embrace a stretched multiple if I think that the estimates are explosive to the upside. In all of those stocks, I believe the estimates are way too low." However, for investors who are looking for stocks that are not overstretched and have great momentum, Cramer suggests looking to the oil sector, especially OII and FMC, which are "logical and faster-growing equivalents to RIG" as well as CLB. "Core Labs, Oceaneering and FMC are all up 100% year over year, and I'm telling you that they're still cheap," Cramer said.
Published by SeekingAlpha

Labels: AAPL, AMZN, CLB, FTI, GOOG, GRMN, Hot Stocks, Jim Cramer, OII, RIG, RIMM, VMW, Wall Street Confidential

Cramer began his show Friday saying how well his "Four Horsemen of Tech"; Google (GOOG), Research in Motion (RIMM), Apple (AAPL), and Amazon.com (AMZN) are doing. "$80 to $120" stocks list. The stocks were Boeing(BA), Caterpillar(CAT), ConocoPhillips (COP), Air Products(APD), Apache(APA), Terex(TEX), and Energizer(ENR). Cramer admitted that he recommended these stocks too late in the bull market, and that most of these stocks fell after he first recommended them . They are up 5% now, and Cramer thinks that these stocks are the "perfect group." He likes CAT and TEX the best, followed by COP.
Overlooked IPOs: Masimo (MASI). Cramer believes that it has a superior product and a great recurring revenue stream with purchases of disposable parts for the medical sensor they make.
After the lightning round Cramer talked about Allergan (AGN). Cramer said people have a desire to look good, and this stock is in a great position to profit, while moving into traditional medical market. He then had the CEO of the company on the phone to discuss future earnings and sales.
Mad Mail: Cramer answered a few emails. He told viewers to ignore the downgrade on Boeing (BA) since he thinks the stock is going higher. He then answered a question about FiberTower (FTWR), which he doesn't like. In response to another emailer, Cramer said he likes Starent (STAR) because it's an intellectual property play.

Labels: AGN, AMZN, BA, CAT, COP, ENR, GOOG, Jim Cramer, Mad Money, Mad MOney Recap, MASI, RIMM

Cramer began Friday's show by sharing his CEO Hall of Shame. These are stocks that he thinks would be better off if the CEO quit or was forced out.
Alcatel-Lucent (ALU): Cramer thinks the CEO was given an ultimatum to deliver results now.
Marsh McLennan (MMC): The company should be broken up, and that splitting the company up is the only way shares will increase unless the CEO leaves.

Next, Cramer took some phone calls about other stocks with bad CEOs, like Pall (PLL). He also told people that he can't recommend buying Sirius (SIRI) now because it's too expensive, and that he thinks you should stay away from Palm (PALM).
Next, Cramer did a "Speculation Friday" segment, where he recommends high risk stocks. BioMarin (BMRN), a small biotech firm. It has developed a drug for pheylketonuria that will be the only drug on the market, protecting it from generic competition until 2015 in the US and 2018 in Europe. Cramer thinks the drug will be approved by the end of the year, but if it doesn't, it will be a risky investment.
Other calls: La-z-boy (LZB): Cramer doesn't like, and Sangamo BioSci (SGMO):He thinks is very risky.

After the lightning round, Cramer discussed what stocks he think will take the Dow to his year end target of 14,548. They are American Express (AXP), AIG (AIG), JPMorgan Chase (JPM), Citigroup (C), DuPont (DD), Altria (MO), Boeing (BA), and Caterpillar (CAT).

In the last segment, Cramer answered some emails. He changed his mind on GigaMedia (GIGM), making it a buy now, and told viewers to wait for a pullback on (AMZN) since it's "marked up heavily."

Labels: ALU, AMZN, AXP, BA, BMRN, CAT, DD, Jim Cramer, JPM, Mad Money, Mad MOney Recap, MMC, PALM, PLL, SIRI

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

Underestimating Under Armour (UA)
Cramer would take advantage of UBS "unbelievable" downgrade of UA from $72 to $68 as a chance to buy a good stock. The reason for the downgrade was unseasonably warm temperatures, but Cramer says once the weather cools off, UA may rise.
Feminine Mystique: Hologic (HOLX) and Cytec(CYT)
Cramer recommends HOLX "the greatest women's healthcare company on earth" ahead of its proposed merger with CYT. The deal will allow both companies to consolidate, cut costs and grow beyond the 25% predicted for Hologic. However, Cramer emphasized the importance of buying ahead of the merger.
Sell Block: Savient (SVNT), Chattem (CHTT), Google (GOOG), Research In Motion (RIMM), Apple (APPl), Amazon (AMZN)
Although it was among Cramer's best speculative picks of the year, Savient has peaked and he believes the success of its Puricase drug is priced in the stock. Chattem has moved 100% since Cramer's initial recommendation, and he thinks it would be greedy not to sell. In a surprising apparent about face from his position earlier in the week, Cramer would take some gains in the four horsemen stocks: Google, Research in Motion, Apple and Amazon. Hedge funds are driving up the price of these stocks by purchasing shares at a high volume. He says the bubble should burst around Friday, at end of the quarter, and he would buy more then, since he believes the companies will rebound.
CEO Interview: Patrick O'Dea, Peet's Coffee and Tea (PEET)
Cramer asked Patrick O'Dea if he was worried about news that Starbuck's may face a decline, and O'Dea responded he thinks PEET's is a smaller company that focuses on the coffee rather than the ambience and is growing 20% every year. Cramer would stay with Peet's.
Published by SeekingAlpha

Labels: AAPL, AMZN, CHTT, CYT, GOOG, HOLX, Jim Cramer, Mad Money, PEET, RIMM, SVNT, UA

First caller asking whether the tech sector is still the best place to be? Cramer says drop out of tech right now and wait for the pullback.
Second caller inquired on stock splits and asked if Cramer thinks a stock split is forthcoming for Apple (AAPL). Cramer said he wouldn't be surprised.
Third called asking if EMC is a better value than VZW. Cramer said he likes EMC.

Cramer's getting bullish on companies taking a "no bull" approach to business. He looked at companies that started in U.S. but have expanded. U.S. is no longer a growth country. Cramer says invest in companies with growing international exposure. Best Buy (BBY): Creating value with through the Canadian loon and expanding elsewhere globally. International sales are huge with Best Buy. Circuit City is shrinking its business. Cramer stated the success and future potential of Best Buy's Geek Squad.

Next, Cramer talked about the fact that the US economy is not in great shape, so we should look abroad for investment opportunities. He specifically mentioned Carnival Cruises (CCL) as a buy, and thinks that it will beat Royal Caribbean (RCL) in the growing European cruise market.

Airgas (ARG): Cramer spoke to the CEO of Airgas about its excellent performance. Cramer thinks this is another stock to buy after the pullback.
Lowe's (LOW): Finally, Cramer mentioned that Lowes was hurt in the market downturn. He reiterated his pullback theory, saying retail will lead the way down, followed by tech.

Labels: AAPL, AMZN, ARG, BBY, CCL, EMC, GOOG, Jim Cramer, LOW, Mad Money, Mad MOney Recap, RIMM

Crocs (NasdaqGS: CROX - News): ' ... is stalled right here. I saw it go down a little. Understand: The short position remains huge ... When we have four major analysts covering it, only then will I say Don'tBuy.'Yamana Gold (NYSE: AUY - News): ' ... it is the only growth gold stock out there. It is making an incredible amount of money. ... It also produces copper at the same time.'Precision Castparts (NYSE: PCP - News): 'The bull market in aerospace and defense is back. Precision Castparts had a better quarter than almost every other supplier to the major airline companies.'Goodyear Tire (NYSE: GT - News): '... has had a major pullback ... Goodyear Tire is one of those companies ... best of breed. I think I like the stock up to the $32, $33 level.'InterContinental Exchange (NYSE: ICE - News): 'I like derivatives. I like commodies trading. ICE is good.'CME Group (NYSE: CME - News)NYMEX Holdings (NYSE: NMX - News): 'I am hopeful that the Nymex merges with the New York Stock Exchange. It would be a terrific deal.'NYSE Euronext (NYSE: NYX - News):'The only one of those that's done really badly is New York Stock Exchange, but I'm stickin' with it.'Vector Group (NYSE: VGR - News):Amazon.com (NasdaqGS: AMZN - News)Apple (NasdaqGS: AAPL - News)Google (NasdaqGS: GOOG - News)Research In Motion (NasdaqGS: RIMM - News)Reynolds American (NYSE: RAI - News)Altria (NYSE: MO - News): ' ... those dividends are for me, and that's why I stick with tobacco.'
Bearish calls:
CyberSource (NasdaqGM: CYBS - News)True Religion Apparel (NasdaqGM: TRLG - News): ' ... gotta tell you. I don't know if that swimwear line can move the needle. ... This group is very hard.'Superior Offshore (NasdaqGM: DEEP - News): 'Worst oil-service stock I have ever seen. I mean, it's unbelievable. ... This stock feels almost cursed. ... I can't abandon it at $10... Wait until the end of the month ...'

Published by SeekingAlpha

Labels: AAPL, AMZN, AUY, CME, CROX, CYBS, DEEP, GOOG, GT, ICE, Jim Cramer, Lightning Round, MO, NMX, NYX, PCP, RAI, RIMM, TRLG, VGR

Doomsday Scenario: MDC Holdings (NYSE: MDC - News), DR Horton (NYSE: DHI - News), Pulte Homes (NYSE: PHM - News) and Toll Brothers (NYSE: TOL - News)
Cramer created a doomsday scenario which probably will not happen, since the bank crisis in 1990 was "ten times worse" than the problems of today. However, he would avoid any companies which deal with borrowing and lending money, particularly housing: DHI, PHM and TOL. The only housing stock that isn't hopeless now is MDC, but Cramer would still not buy. He would also avoid financials amid bearish fears that loans will not be repaid and yields will shrink; "You can't own anything that even walks by a mortgage," Cramer warned. He would not touch companies which need financing for deals. However, Cramer added; "the worst-case scenario will be derailed," and the doom and gloom will not really materialize
If Ben will Budge: Centex (NYSE: CTX - News), Lennar (NYSE: LEN - News), Bear Stearns (NYSE: BSC - News), Goldman Sachs (NYSE: GS - News), Citigroup (NYSE: C - News)
Cramer discussed two scenarios which could reverse doomsday: overseas buyers and an interest rate cut. He is confident that if the Federal Reserve reduces rates by only one percent, housing will make a comeback (especially DHI, PHM, CTX, LEN), financials GS and C will recover and the Dow will jump to 15.
Playing it Safe: Celgene (NasdaqGS: CELG - News), Kellogg (NYSE: K - News), Schlumberger (NYSE: SLB - News), Medco Health Solutions (NYSE: MHS - News), Kimberly-Clark (NYSE: KMB - News), Amazon.com (NasdaqGS: AMZN - News), Google (NasdaqGS: GOOG - News), Apple (Other OTC: APPL.PK - News) and Research in Motion (NasdaqGS: RIMM - News)
Even if the Fed doesn't budge rates, investors can still create a safe portfolio consisting of CELG, K, SLB, MHS and KMB. He also directed viewers to his six wild bull markets: oil and oil services, agriculture, machinery, aerospace, infrastructure and minerals, and his four horse men of tech: AMZN, GOOG, APPL and RIMM.
Mad Mail: Brookfield Asset Management (NYSE: BAM - News), Rite Aid (NYSE: RAD - News), ValueClick Inc. (VLCK)
Cramer urged a mailer not to sell BAM, because it is an international company, unaffected by subprime woes, and is similar to Warren Buffet's Berkshire Hathaway; "If you sold Warren Buffet because of a housing problem, forget it!" To a mailer concerned about RAD, Cramer said, "The integration is going very well. I'm holding your hand on RAD, and begging you not to sell it." Concerning VLCK's bad quarter, he commented, "I don't have my arms around it yet. To me, the stock looks like it's going to see $18, before you see a bottom."
Published by SeekingAlpha

Labels: AMZN, BAM, BSC, C, CELG, CTX, DHI, GOOG, GS, Jim Cramer, K, KMB, LEN, MDC, MHS, PHM, RAD, RIMM, SLB, TOL

Summary: A 20% earnings beat saw internet retailer Amazon (NasdaqGS: AMZN - News) shoot up 17% to $84 last week, even as the broader indexes sold-off more than 4%. Shares are now up an exceptional 216% over the past year, leaving them with a rich 78x 2007 earnings multiple, and 56x 2008 earnings estimates of $1.51/share -- which assumes a 41% earnings jump. Rival eBay (NasdaqGS: EBAY - News) fetches a far more modest 21x 2008 earnings on estimated earnings growth of only 16%. Unlike brick-and-mortar retailers, Amazon's competition is always "just a click away," a factor that will forever force it to sacrifice profit margins in order to keep its customers happy. Despite this, margins have climbed over the past five years; in the past quarter they jumped 2% to 24.3%. Can its margins keep rising? One unnamed money manager thinks not: "Wall Street has extrapolated that improvement for the next five years... we really do believe there is a brutal natural limit to their margin," he says. Citigroup's Mark Mahaney agrees: He says the margin growth required to sustain its current share price are "unobtainable." He told Barron's Amazon will likely have to invest aggressively in R&D to keep its interface current, and said its music download service is incomplete. One analyst has a $65 price target, while another sees 50% downside ("keep in mind the stock was just there"). Barron's thinks investors should "take substantial profits and wait for a better deal later on."
Published by SeekingAlpha

Labels: AMZN, Barron's, EBAY

Wall Street rose Wednesday on some strong earnings and new deals, but not without a struggle, as mounting signs of a tougher lending climate again dogged investors.
The stock market, coming off Tuesday's 226-point tumble in the Dow Jones industrial average, seesawed throughout Wednesday's session. Ultimately, it drew confidence from better-than-expected quarterly profits at Web retailer Amazon.com Inc. and plane manufacturer Boeing Co., and acquisitions involving German engineering company Siemens AG and drug maker Merck & Co.
Still, some investors worry that deteriorating lending conditions will cork this year's heavy stream of dealmaking. Buyouts usually involve taking on debt, and Wednesday, the banks raising funds for the turnaround of Chrysler Group had to postpone a $12 billion debt offer after investors balked at the deal's terms, according to people familiar with the situation who were not authorized to speak publicly.
Meanwhile, the National Association of Realtors on Wednesday confirmed that the housing market is far from recovery when it reported that sales of existing homes dropped 3.8 percent in June to the slowest rate in more than 4 years. The figure was worse than analysts expected, and followed data from the Mortgage Bankers Association showing mortgage applications fell for the first time in four weeks to a five-month low.
Wall Street, now at the peak of second-quarter earnings season, has been extremely volatile lately. For seven straight sessions, the market has risen one day, fallen the next, then risen again. Over that span, the Dow has lost 165.91 points, or 1.2 percent.
The market will likely remain rocky as investors try to assess whether problems related to home lending will hurt the broader economy.

Labels: AMZN, BA, MRK, SI

Stocks rose on Wednesday, bouncing back from the prior session's tumble, as solid profits and outlooks from Boeing Co (NYSE:BA - News) and Amazon.com Inc. (NasdaqGS:AMZN - News) quashed concerns about the housing slump.
Financial company shares, which declined sharply on Tuesday, also underpinned the market's rebound, with Citigroup (NYSE:C - News) rising 1.1 percent to $49.87.
Aircraft manufacturer Boeing's shares jumped more than 3 percent to a record $107.80 as it led advances on the Dow, while Internet retailer Amazon.com shares gained more than 21 percent to lead gainers on both the Nasdaq and the S&P 500.
Investors will seek direction from data on existing-home sales in June due at 10 a.m. (1400 GMT). Sales are forecast to have fallen to 5.87 million units at an annual rate from 5.99 million in May, according to a Reuters poll of economists. The Dow Jones industrial average (DJI:^DJI - News) was up 69.42 points, or 0.51 percent, at 13,786.37. The Standard & Poor's 500 Index (^SPX - News) was up 10.16 points, or 0.67 percent, at 1,521.20. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was up 19.36 points, or 0.73 percent, at 2,659.22.
The rebound follows stocks' worst one-day performance in four months on Tuesday, fueled by disappointing earnings and fear about spreading losses in the mortgage market.
Shares of Amazon.com climbed to $84.20 on the Nasdaq. Several brokerages raised their ratings on the stock.
In other earnings news, manufacturer Rockwell Automation Inc (NYSE:ROK - News) also reported a profit above Wall Street's expectations on strong foreign demand for its industrial control systems. Its stock rose 2.9 percent to $72.77.
Shares of iPod and iPhone maker Apple Inc. (NasdaqGS:AAPL - News), among Tuesday's biggest losers, were up 1.1 percent at $136.37 ahead of the company's quarterly results due after the close.
Source: Reuters

Labels: AAPL, AMZN, BA, C, ROK

Wall Street appeared poised for a rebound on Wednesday after strong quarterly earnings from Amazon.com Inc. and Boeing Co. helped offset fears about the slumping mortgage industry's impact on the overall economy.
The move higher would follow Wall Street's tumble on that took the Dow Jones industrials down more than 200 points. Investors were rattled by disappointing earnings and renewed concerns about the mortgage lending market.
Investors will get a better glimpse of the economy later Wednesday when the National Association of Realtors reports on existing home sales for June. The market anticipates that 5.85 million homes were resold in June, down from 5.99 million in May, according to the median estimate of economists surveyed as of Friday by Thomson Financial.
The report follows data that showed mortgage applications fell for the first time in four weeks, hitting a five-month low as demand wanes. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ended July 20 fell 3.6 percent to 609.0 -- the lowest level since the week ended Feb. 16.
The market's drop on Tuesday was in part pinned on Countrywide Financial Corp., which missed analysts' expectations for second-quarter profit. The Calabasas, Calif.-based company also warned the struggling industry will grow even worse this year.
Dow futures expiring in September rose 64, or 0.46 percent, to 13,877 ahead of Wednesday's open, while Standard & Poor's 500 index futures rose 6.30, or 0.41 percent, to 1,528.80. Nasdaq 100 index futures rose 8.50, or 0.42 percent, to 2,034.00.

Labels: AMZN, BA, CFC

Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
Amazon.com (NasdaqGS:AMZN - News) beat earnings on Tuesday, reporting $0.19 EPS over an expected $0.16 EPS. AMZN's PowerRating is 8.
Boeing (NYSE:BA - News) should report $1.16 EPS on Wednesday before the market opens. BA's PowerRating is 4.
When Colgate-Palmolive (NYSE:CL - News) announces earnings early Wednesday morning, look for $0.83 EPS. CL's PowerRating is 5.
ConocoPhillips (NYSE:COP - News) is expected to announce $2.68 EPS on Wednesday morning before the market opens. COP's PowerRating is 7.
Analysts will be watching for Xerox (NYSE:XRX - News) to report $0.27 EPS tomorrow morning. XRX's PowerRating is 6.
When New York Times (NYSE:NYT - News) reports earnings early tomorrow morning, be watching for $0.31 EPS. NYT's PowerRating is 5.
Tribune (NYSE:TRB - News) should report $0.49 EPS tomorrow morning. TRB's PowerRating is 5.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: AMZN, BA, CL, COP, Hot Stocks, NYT, TRB, XRX

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

Greed is Bad: Caterpillar (NYSE: CAT - News), Google (NasdaqGS: GOOG - News), Texas Instruments (NYSE: TXN - News), NVidia (NasdaqGS: NVDA - News), Advanced Micro Devices (NYSE: AMD - News), Corning (NYSE: GLW - News), Apple (NasdaqGS: AAPL - News), Bunge (NYSE: BG - News), Celgene (NasdaqGS: CELG - News), Cummins (NYSE: CMI - News),Level 3 Communications (NasdaqGS: LVLT - News), Chevron (NYSE: CVX - News) and ExxonMobil (NYSE: XOM - News), Countrywide Financial (NYSE: CFC - News), Amazon (NasdaqGS: AMZN - News), Boeing (NYSE: BA - News), Colgate (NYSE: CL - News), ConocoPhillips (NYSE: COP - News),
Cramer's said his Game Plan is a bit different this week; he is listing stocks reporting next week, but wants viewers to buy only one (Corning) before its report. While he is bullish in general and still believes the Dow will hit 14,500 by the end of the year, he admits things have been a bit precarious with the disappointing Google and CAT quarters, and suggests taking some profits to avoid being dangerously greedy. Cramer calls Google a "show me" company which has to prove that it can monetize its new hires, or face a decline. While he had faith in CAT for its international exposure, the culprit was "housing, which is so horrible that it brings down anything it touches." However, he thinks the stock will regain its momentum and eventually reach $120. Cramer discussed next week's earnings reports:
Monday: Cramer would buy TXN, his favorite semiconductor, if there is a decline after the report. He suggests selling some NVDA, which is up 6 points, and would buy some back if it gets knocked down by AMD's analyst meeting.
Tuesday: CFC is "the biggest and best view" of how housing really is .... "its really bad," and remarked that the Fed will only notice when a bank, broker or major homebuilder goes under. "Hobbled horseman" Amazon will be viewed negatively no matter what it says, so Cramer would buy on a decline.
Wednesday: BA's consistency during the selloff was impressive, said Cramer who predicts the stock is going to 120. He added if it drops to below $100 before its report, he might buy. While CL is a "classic weak dollar" play, it is a bit high. While COP may face a downgrade, Cramer would buy it on a decline because he predicts it will reach $120. Cramer called GLW "the gold star" and said it is the only stock he would buy ahead of its quarter next week, because doesn't think the company would raise its dividend and buy back stock right before a major disappointment. Cramer would sell some Apple since "hogs get slaughtered."
Thursday: Since Bunge rose after last quarter's decline, Cramer predicts a repeat performance and would buy Bunge when it drops. Cramer likes Celgene long-term and recommends picking some up when it declines. Although he thinks Cummins is not finished with its run, he would take some profits, especially after CAT's upset. No one will like Level 3 Communciation's quarter, said Cramer, and he would buy this stock which is a great play on internet video.
Friday: "Wake up and smell the gasoline!" said Cramer, remarking it is greedy to stay in CVX and XOM without selling a little.
French Foreign Legion of Oil Companies: Total S.A. (NYSE: TOT - News)
Cramer continued his series on European stocks with Total, a massive integrated oil with strong production and refining assets in 27 countries. He thinks TOT is as good as Exxon, better than Chevron, and is cheaper than other major oil companies. He also thinks TOT is better and cheaper than European oils BP and Shell. TOT has a 13% stake in Sanofi Aventis, the French drug company, and Cramer hopes TOT will sell some and use the cash for "oil-related activity."
On Speculation: Tessera Technologies Inc. (NasdaqGS: TSRA - News)Cramers speculative pick for Friday is TSRA, which specializes in miniature technologies, which is a hot area since 80% of the Dram memory industry uses TSRA's technology. TSRA licenses its technology, so it has no inventory to move, and since Microsoft's Vista will be memory-intensive, there will be more demand for TSRA's technology. While the company is involved in a lot of lawsuits, TSRA is winning the cases and protecting its intellectual property. Finally, the 20x multiple is cheap considering its 31% growth rate.
CEO Interview: CEO T.J. Rodgers Cypress Semiconductor (NYSE: CY - News) and SunPower (NasdaqGM: SPWR - News)
Cramer congratulated Rodgers on a "magnificent quarter" and added that CY would be undervalued at $800 million if it spun off its power systems and services company, SunPower. Rodgers responded that while investors sometimes give him "heat" about holding on to SPWR, "the overall value of the company is reasonable." Cramer called Rodgers a visionary and a moneymaker.
Published by SeekingAlpha

Labels: AAPL, AMD, AMZN, BA, BG, CAT, CELG, CFC, CMI, CVX, CY, GLW, GOOG, Jim Cramer, LVLT, Mad Money, NVDA, SPWR, TXN, XOM

Bullish calls:
Morgan Stanley (NYSE: MS - News): 'I'm a bull about Morgan Stanley.'Goldman Sachs (NYSE: GS - News): 'When Goldman Sachs is down another 5, that, my friends, is better than Morgan Stanley.'Altria (NYSE: MO - News): 'This is a stock to buy on the way down. ... Let's hope that it comes down so we can buy more.'Wachovia (NYSE: WB - News): 'Wachovia Bank's OK here. I'm not going to rave about it.'Bank of America (NYSE: BAC - News): 'That's cheap!'Apple (Other OTC: APPL.PK - News)Amazon.com (NasdaqGS: AMZN - News)Research In Motion (NasdaqGS: RIMM - News)Google (NasdaqGS: GOOG - News)Celgene (NasdaqGS: CELG - News): '... down below 60 was just a gift. It was a gift that would keep giving.'GOL Linhas Areas Inteligentes (NYSE: GOL - News)McDermott (NYSE: MDR - News)Chemical & Mining Co. of Chile (NYSE: SQM - News): 'When it comes to fertilizer, I like to go to Chile. I like to go to SQM.'Potash Corp. of Saskatchewan (NYSE: POT - News): 'Is okay.'Gilead Sciences (NasdaqGS: GILD - News): 'That one's coming down, and so is Celgene. This group does tend to go down when the interest rates go higher.'
Bearish Calls
Rackable Systems (NasdaqGS: RACK - News):' I believe that Rackable Systems represents really bad tech.'Annaly Capital Management (NYSE: NLY - News): 'This is a stock that needs interest rates lower ... At 14, I would buy more.'Foster Wheeler (NasdaqGS: FWLT - News)Knight Capital Group (NasdaqGS: NITE - News): 'I happen to like the management of Knight. ... I don't want to be in Knight ... I don't want to touch them until they're lower.'Rentech (AMEX: RTK - News): 'It is too speculative.'
Published by SeekingAlpha

Labels: AMZN, APPL.PK, BAC, CELG, GILD, GOL, GOOG, GS, Jim Cramer, Lightning Round, MDR, MO, MS, POT, RIMM, SQM, WB

Bullish Calls:Ameriprise (NYSE: AMP - News): 'I continue to try to buy ... It keeps getting away from me. But it's still dirt cheap. I think this is a real winner.'AeroVironment (NasdaqGM: AVAV - News): 'I thought unmanned aerospace was going to be the next thing. ... I would actually pull the trigger right here. I would buy AVAP.'Portfolio Recovery Associates (NasdaqGS: PRAA - News): ' I remain bullish on Portfolio Recovery because anything that preys upon that weakened American consumer who needs help is a triple buy.'Spirit Aerosystems (NYSE: SPR - News): 'I think it's run too much. Can we put it in the Don'tBuy camp?'BE Aerospace (NasdaqGS: BEAV - News): 'the answer is bullish!'AAR (NYSE: AIR - News)Precision Castparts (NYSE: PCP - News)Barnes Group (NYSE: