Jim Cramer's Mad Money Review

The Dow closed down 211 points and the Nasdaq finishing down 34. The S&P 500 has now given up all of its gains on the year. Najarian continues to like the four horseman names like Apple (AAPL), Google (GOOG) and Research In Motion (RIMM) which showed strength on Wednesday. Adami recommended getting long General Motors (GM) right here with a specific stop price in mind. Finerman found it strange that Fannie Mae (FNM) went up Wednesday. Crude oil came close to $100 on Wednesday, but fell just short and finished the day at $97.19. Gartman feels the stock market is behaving horribly and he is short names like Harley-Davidson (HOG), Tiffany (TIF) and Coach (COH) and long Microsoft (MSFT)and Apple (AAPL). Gartman's favorite position right now is short Cummins (CMI).
CNBC Pharmaceuticals Reporter Mike Huckman joined the show to discuss his take on big pharma stocks. Huckman explained that Pfizer (PFE) is having issues with safety concerns on a stop smoking drug, falling Lipitor sales and generic competition. Huckman also mentioned that Merck (MRK), Eli Lilly (LLY) and Bristol Myers (BMY) were all down on Wednesday. Finerman likes Johnson & Johnson (JNJ).
Investors tend to sell their biggest losers towards the end of the year to reduce the tax hit they take from their winners. Some of the names at 52-week lows are Citigroup (C), Pfizer (PFE), Merck (MRK), J.C. Penny (JCP), Capital One Financial (COF), Advanced Micro Devices (AMD) and AIG (AIG).
Word on the Street
Macke recommended buying The Gap (GPS) on dips. Finerman likes Limited (LTD) on valuation. Adami suggested buying Citi Trends (CTRN) ahead of earnings for Monday. Najarian likes Target (TGT) for its valuation in retail.
Deere & Company (DE) traded up 5% after profits rose 52%.
Najarian suggests looking at Agco (AG)
Najarian noted strong call options trading activity on Tibco Software (TIBX).
Pops & Drops
Pops - Google (GOOG) traded up 2%
U.S. Steel (X) traded up 5% also bucking the down trend in the market.
Drops - Tesoro (TSO) fell 3%
American International Group (AIG) fell 6%.
Circuit City (CC) fell 6% after a JPMorgan analyst downgraded the stock.
Jamba Juice (JMBA) plunged 30%
Final Trade
Macke says don't buy stocks if you don't have to and Adami and Finerman just gave thanks in the holiday spirit.
Najarian likes Apple (AAPL) and he thinks the stock will explode into January.

Labels: AAPL, BMY, CMI, CNBC, CNBC's Fast Money, COF, COH, Fast Money Recap, FNM, GM, GOOG, HOG, LLY, LTD, MRK, MSFT, pfe, RIMM, TGT, TIF

NovaStar Financial (NYSE: NFI - News): ' I never do this on the show, but this stock is a call option. ... It could either double or go to zero. ... I am unbelievably blessing this stock. 6 down, 6 up, you make the call.'Marriott International (NYSE: MAR - News): 'People did not like the quarter with Marriott. ... I think that's a mistake. I think this is the level you want to pull the trigger at. Marriott is way too cheap. ... Let's get some Marriott right down here.'Qwest Communications (NYSE: Q - News): ' ... is resting after a tremendous run ... 50 cents down, 2 bucks up, that is my kind of risk/reward. BuyBuyBuy.'General Maritime (NYSE: GMR - News): 'That's our favorite. ... 6% yield ... [CEO] Peter Georgiopoulos, who is our favorite guy in the industry. ... I want you in General Maritime.'Nastech Pharmaceutical (NasdaqGM: NSTK - News): 'It tells me that this stock could be at 15 in a month or two ... I want you in Nastech. ... BuyBuyBuy. That's 12 buys on Nastech.'Monsanto (NYSE: MON - News)Deere (NYSE: DE - News)
Bearish calls:
Harley-Davidson (NYSE: HOG - News): 'I cannot in good conscience tell you to buy Harley-Davidson. It is too risky. ... I am going to give it a Don'tBuy.'DryShips (NasdaqGS: DRYS - News): 'We're not into DryShips.'Mosaic (NYSE: MOS - News): 'The stock had a major ramp today. ... At these prices, I'm not going to get behind Mosaic.'

Labels: DE, DRYS, GMR, HOG, Jim Cramer, Lightning Round, MAR, MON, MOS, NFI, NSTK, Q

Most Under Priced Calls
These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced. Google June 530 Calls (GOOG)

Most Under Priced Puts
These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced. Baidu.com Apr 90 Puts (BIDU)

Most Overpriced Calls
These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced. Apple Inc. May 100 Calls (AAPL) Dendreon Corp. May 12.5 Calls (DNDN)

Most Operpriced Puts
These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced. NYMEX Holdings Jun 120 Puts (NMX)

Stocks With Abnormal Call Volume
These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock. BJ Services (BJS)

Stocks With Abnormal Put Volume
These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock. None today

Abnormal Put/Call $ Volume
These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock. Harley-Davidson Inc. (HOG)
Darren Wong Associate Editor at TradingMarkets.com

Labels: AAPL, BIDU, BJS, DNDN, GOOG, HOG, Hot Options, NMX

Among the companies whose shares are expected to see active trade in Tuesday's session are Home Depot Inc., SanDisk Corp. and Xerox. The markets are closed Monday for President's Day.
Alltel Corp. (NYSE:AT - News) is expected to report earnings per share of 59 cents for the fourth quarter, according to analysts polled by Thomson Financial.
Avis Budget Group Inc. (NYSE:CAR - News) is expected to post fourth-quarter per-share income of 12 cents.
Crocs Inc. (NasdaqGS:CROX - News) is expected to report earnings per share of 43 cents for the fourth quarter.
Fossil Inc. (NasdaqGS:FOSL - News) is expected to report per-share income of 46 cents for the fourth quarter.
Genuine Parts Co. (NYSE:GPC - News) is expected to report per-share income of 70 cents for the fourth quarter.
Hewlett-Packard Co. (NYSE:HPQ - News) is expected to post earnings of 62 cents per share for the first quarter.
Home Depot (NYSE:HD - News) is expected to post fourth-quarter income of 50 cents per share.
Medtronic Inc. (NYSE:MDT - News) is expected to post third-quarter per-share income of 58 cents.
Scottish Re Group Ltd. (NYSE:SCT - News) is expected to report earnings per share of 28 cents for the fourth quarter.
Wal-Mart Stores Inc. (NYSE:WMT - News) is expected to post fourth-quarter earnings per share of 90 cents.
After Friday's closing bell, SanDisk (NasdaqGS:SNDK - News) unveiled a number of cost-cutting measures to cushion itself against an oversupply of flash memory chips used in consumer electronic devices.
Watch List
Abercrombie & Fitch Co. (NYSE:ANF - News) said a special litigation committee established by the board found that there is no evidence to support claims asserted in certain derivative lawsuits brought against current and former directors and management, including Chairman and Chief Executive Michael Jeffries.
AMB Property Corp. (NYSE:AMB - News) said its board has raised the quarterly cash dividend 8.7% to 50 cents per share. The dividend is payable April 16 to shareholders as of April 6.
Bare Escentuals Inc. (NasdaqGS:BARE - News) filed with the Securities and Exchange Commission to offer 12 million shares. The beauty products company said it's offering 575,000 of the shares, while selling stockholders are offering an additional 11.4 million shares.
Gilead Sciences Inc. (NasdaqGS:GILD - News) said the Food and Drug Administration has granted priority review status to its new drug application for ambrisentan, a treatment for pulmonary arterial hypertension.
Harley-Davidson Motor Co. (NYSE:HOG - News) said it has reached a tentative labor agreement with representatives of the International Association of Machinists and Aerospace Workers Local 175 in York, Pa. The motorcycle manufacturer said the agreement is subject to membership ratification, adding that it expects members to vote the week of Feb. 19. If approved, the agreement would end a strike by 2,800 unionized employees in York that began Feb. 2.
K2 Inc. (NYSE:KTO - News) said it has named J. Wayne Merck president, chief executive, and board member. The provider of sporting and recreational products said Merck, who has been president and chief operating officer since November of 2003, succeeds Richard Heckmann as CEO.
Krispy Kreme Doughnuts Inc. (NYSE:KKD - News) said it has closed a new senior secured credit facility of $160 million, made up of a $50 million revolving credit facility and a $110 million term loan. The doughnut retailer said proceeds of the term loan were used to repay about $107 million outstanding balance under the company's prior credit facility, and to pay fees and expenses related to the new financing and the retirement of the prior facility.
Power-One Inc. (NasdaqGM:PWER - News) said Chief Financial Officer Paul Ross plans to resign to accept another position. The maker of power conversion products named Jeffrey Kyle to succeed Ross as CFO.
Scotts Miracle-Gro Co. (NYSE:SMG - News) said its board has declared a one-time cash dividend of $8 per share. The dividend is payable March 5 to shareholders as of Feb. 26.
Don Ackerman, chairman of WCI Communities Inc. (NYSE:WCI - News), said Carl Icahn's plans to run his own slate of candidates for the WCI Board "would be highly disruptive to our company and not in the best interests of all our shareholders."
Xerox (NYSE:XRX - News) said it expects 2007 operating cash flows to fall to a range of $1.2 billion to $1.5 billion from $1.6 billion last year. The forecast confirms an estimate for cash flows made at an investor meeting in November.

Labels: AMB, ANF, AT, BARE, CAR, CROX, FOSL, GILD, GPC, HD, HOG, HPQ, KKD, KTO, MDT, PWER, SCT, SNDK, WMT

Bullish calls:Disney (NYSE: DIS - News): ' a good quarter... it will be trapped by the strike next week because it's expiration ... I'm staying bullish on DIS. Iger's doing a great job ... Do not be perturbed that the stock did not go up after that great quarter.'Nike (NYSE: NKE - News): ' ....There are unbelievable stocks like NKE at $103.'Under Armour (NYSE: UA - News): ' ... maybe a little UA wouldn't be so bad either.'Safeway (NYSE: SWY - News): 'I like SWY in that department because its got that division that makes gift cards.'Express Scripts (NasdaqGS: ESRX)RBC Bearings (NasdaqGS: ROLL): ' That's pin action off of almost every piece of machinery that built in this country.'Amerisafe Inc. (NasdaqGS: AMSF): ' This is an insurance company, and most people don't understand it... the stock is going higher.'Avis Budget Group (NYSE: CAR - News): ' I felt so bad because I told people not to buy it and it worked ... I still think that CAR is good. I think you've got a good situation.'Autonation (NYSE: AN - News)IAC/InteractiveCorp (NasdaqGS: IACI): 'Man, what a great quarter. Wall Street hated that quarter. I don't know why... Doug Lebda [CEO] and Barry Diller....they're buying back stock hand over fist. I don't know how they're going to get the respect of Wall Street but they got it in Main Street. The stock is headed to the mid-40s.'Harley Davidson (NYSE: HOG - News): 'The bears are all over it ... I think at $65, we pull the trigger again ... It's not expensive. I am not worried.'Intercontinental Exchange (NYSE: ICE - News): 'Iceman's darn good ... I was too negative ... Ilike all the exchange stocks, but ICE - I'm blessing it right here, right now.'Bearish calls:Finish Line (NasdaqGS: FINL): 'I cannot let that Bar Mitzvah money stay idle in FINL when there are unbelievable stocks like NKE at $103 .... I need you to make the change right now."Whole Foods Market (NasdaqGS: WFMI): ' I think WFMI is too risky ahead of its quarter. I say ixnay.'Caremark Rx (NYSE: CMX - News): 'If you own CMX, you will get a higher bid from CVS next week. Then you will ring the register, because ESRX will not pay more. You swap out of CMX and go right into ESRX.'Home Inns & Hotels Management Inc. (NasdaqGM: HMIN): ' ... bulls make money, bears make money, hogs get slaughtered.... I want you to cut that position right now.'Published By SeekingAlpha

Labels: AMSF, AN, CAR, CMX, DIS, FINL, HMIN, HOG, IACI, ICE, Jim Cramer, Lightning Round, Mad Money, NKE, ROLL, SWY, UA, WFMI

Bullish calls:
CR Bard Inc. (NYSE: BCR - News): 'You want medical products, I offer you BCR!'Brush Engineered Materials (NYSE: BW - News): 'The composite engineering business has not caught fire, the way I'd like it ... However, we identified BW - fully 10 points ago - and it's still going higher, because it's got a monopoly on its barillium. My take is, this stock is not done going up. You keep it. It's going higher!'Barr Pharmaceuticals (NYSE: BRL - News)Disney (NYSE: DIS - News): 'It hit its 52-week high today. DIS is two thumbs up, way up. It's not going to get you to $40 overnight, but it is inching its way there, and it will get to $40.'Riverbed Technology (NASDAQ: RVBD - News): 'I recommend taking 25% off from where I first recommended this stock. Not any more than that, because RVBD's got the mojo!'Harley-Davidson (NYSE: HOG - News): 'You are not a hog; it's a great brand name. I think that HOG is a too-heavily-shorted stock. It's got terrific brand. It is a great way to go when gasoline goes higher.'Companhia Vale do Rio (NYSE: RIO - News): 'Carnival, my friend! RIO's going to go to $35. They've got the ore that the Chinese need ... I want you to stick with RIO!'
Bearish calls:
Compuware Corp. (NASDAQ: CPWR - News): 'This stock has been in a five year flatline. I can't wake it up. I don't think there's any paddles that's going to get that stock started. Right here, right now. Sell, sell, and more sell.'Mindray Medical (NYSE: MR - News): ' I feel the same way about MR as I do about CMED.'going to the Chinese communists to do a little business - I'm not going to do that. You want medical products, I offer you BCR !China Medical (NASDAQ: CMED - News): ' ... going to the Chinese communists to do a little business - I'm not going to do that.'AtheroGenics (NASDAQ: AGIX - News): 'I think it's too risky, my friend. Now you can say, 'Wait a minute, Jim. It's all the way down to its 52-week low...' It's got that stuff you really like - the small molecule therapeutics... I can't do it. Because these stocks have hurt me.'Biovail (NYSE: BVF - News): ' ... it's not my favorite; it's Canadian pharma. I think you've got to wait until it comes down. I am going to give you a solid 'don't buy, don't buy.'AMREP (NYSE: AXR - News): ' ... this is a tough one. This is a $102 stock ... I mean, that's like too many games under one roof. I would take profits ... They should split that company in half and then I'll get interested.'Rambus (NASDAQ: RMBS - News): 'I don't like the NSM numbers I saw after the close. That's going to drive the chip stocks down. I don't want you in RMBS - it's too risky.'

Labels: AGIX, AXR, BCR, BRL, BVF, BW, CMED, CPWR, DIS, HOG, Jim Cramer, Mad Money, MR, RIO, RMBS, RVBD

Bullish calls:
CR Bard Inc. (NYSE: BCR - News): 'You want medical products, I offer you BCR!'Brush Engineered Materials (NYSE: BW - News): 'The composite engineering business has not caught fire, the way I'd like it ... However, we identified BW - fully 10 points ago - and it's still going higher, because it's got a monopoly on its barillium. My take is, this stock is not done going up. You keep it. It's going higher!'Barr Pharmaceuticals (NYSE: BRL - News)Disney (NYSE: DIS - News): 'It hit its 52-week high today. DIS is two thumbs up, way up. It's not going to get you to $40 overnight, but it is inching its way there, and it will get to $40.'Riverbed Technology (NASDAQ: RVBD - News): 'I recommend taking 25% off from where I first recommended this stock. Not any more than that, because RVBD's got the mojo!'Harley-Davidson (NYSE: HOG - News): 'You are not a hog; it's a great brand name. I think that HOG is a too-heavily-shorted stock. It's got terrific brand. It is a great way to go when gasoline goes higher.'Companhia Vale do Rio (NYSE: RIO - News): 'Carnival, my friend! RIO's going to go to $35. They've got the ore that the Chinese need ... I want you to stick with RIO!'
Bearish calls:
Compuware Corp. (NASDAQ: CPWR - News): 'This stock has been in a five year flatline. I can't wake it up. I don't think there's any paddles that's going to get that stock started. Right here, right now. Sell, sell, and more sell.'Mindray Medical (NYSE: MR - News): ' I feel the same way about MR as I do about CMED.'going to the Chinese communists to do a little business - I'm not going to do that. You want medical products, I offer you BCR !China Medical (NASDAQ: CMED - News): ' ... going to the Chinese communists to do a little business - I'm not going to do that.'AtheroGenics (NASDAQ: AGIX - News): 'I think it's too risky, my friend. Now you can say, 'Wait a minute, Jim. It's all the way down to its 52-week low...' It's got that stuff you really like - the small molecule therapeutics... I can't do it. Because these stocks have hurt me.'Biovail (NYSE: BVF - News): ' ... it's not my favorite; it's Canadian pharma. I think you've got to wait until it comes down. I am going to give you a solid 'don't buy, don't buy.'AMREP (NYSE: AXR - News): ' ... this is a tough one. This is a $102 stock ... I mean, that's like too many games under one roof. I would take profits ... They should split that company in half and then I'll get interested.'Rambus (NASDAQ: RMBS - News): 'I don't like the NSM numbers I saw after the close. That's going to drive the chip stocks down. I don't want you in RMBS - it's too risky.'

Labels: AGIX, AXR, BCR, BRL, BVF, BW, CMED, CPWR, DIS, HOG, Jim Cramer, Mad Money, MR, RIO, RMBS, RVBD

Bullish calls:
CR Bard Inc. (NYSE: BCR - News): 'You want medical products, I offer you BCR!'Brush Engineered Materials (NYSE: BW - News): 'The composite engineering business has not caught fire, the way I'd like it ... However, we identified BW - fully 10 points ago - and it's still going higher, because it's got a monopoly on its barillium. My take is, this stock is not done going up. You keep it. It's going higher!'Barr Pharmaceuticals (NYSE: BRL - News)Disney (NYSE: DIS - News): 'It hit its 52-week high today. DIS is two thumbs up, way up. It's not going to get you to $40 overnight, but it is inching its way there, and it will get to $40.'Riverbed Technology (NASDAQ: RVBD - News): 'I recommend taking 25% off from where I first recommended this stock. Not any more than that, because RVBD's got the mojo!'Harley-Davidson (NYSE: HOG - News): 'You are not a hog; it's a great brand name. I think that HOG is a too-heavily-shorted stock. It's got terrific brand. It is a great way to go when gasoline goes higher.'Companhia Vale do Rio (NYSE: RIO - News): 'Carnival, my friend! RIO's going to go to $35. They've got the ore that the Chinese need ... I want you to stick with RIO!'
Bearish calls:
Compuware Corp. (NASDAQ: CPWR - News): 'This stock has been in a five year flatline. I can't wake it up. I don't think there's any paddles that's going to get that stock started. Right here, right now. Sell, sell, and more sell.'Mindray Medical (NYSE: MR - News): ' I feel the same way about MR as I do about CMED.'going to the Chinese communists to do a little business - I'm not going to do that. You want medical products, I offer you BCR !China Medical (NASDAQ: CMED - News): ' ... going to the Chinese communists to do a little business - I'm not going to do that.'AtheroGenics (NASDAQ: AGIX - News): 'I think it's too risky, my friend. Now you can say, 'Wait a minute, Jim. It's all the way down to its 52-week low...' It's got that stuff you really like - the small molecule therapeutics... I can't do it. Because these stocks have hurt me.'Biovail (NYSE: BVF - News): ' ... it's not my favorite; it's Canadian pharma. I think you've got to wait until it comes down. I am going to give you a solid 'don't buy, don't buy.'AMREP (NYSE: AXR - News): ' ... this is a tough one. This is a $102 stock ... I mean, that's like too many games under one roof. I would take profits ... They should split that company in half and then I'll get interested.'Rambus (NASDAQ: RMBS - News): 'I don't like the NSM numbers I saw after the close. That's going to drive the chip stocks down. I don't want you in RMBS - it's too risky.'

Labels: AGIX, AXR, BCR, BRL, BVF, BW, CMED, CPWR, DIS, HOG, Jim Cramer, Mad Money, MR, RIO, RMBS, RVBD

Labels: AMGN, APKT, ASEI, BGC, democrats, HAL, halliburton, HOG, HTZ, JBLU, Jim Cramer, KBR, Kellogg Brown and Root, Mad Money, NDE, NICE, NMX, NYMEX, NYX, PDLI