Jim Cramer's Mad Money Review

InterContinental Exchange's price had risen dramatically since Cramer recommended the stock on "Mad Money," but has since returned to previous levels, Cramer said. Neither stock has responded favorably to today's news that the CME, which operates the Chicago Mercantile Exchange and the Chicago Board of Trade, is in talks to buy ICE. "What is the ICE doing down?" Cramer asked.
Cramer also believes the economy is not headed for a recession. He named earnings calls from Honeywell (HON), Caterpillar (CAT), Parker Hannifin (PH) and others as signs of the market's health.
Cramer also noted that the KBW Bank Index and the PHLX Housing Sector Index are rallying because of the rate cuts.
In spite of the positive news, Cramer said he believes more action is needed. Given "the losses that we saw for the quarterlies from a Bank of America (BAC) or a Wachovia (WB) ... I genuinely feel that we are too close to the precipice to stop.
"That doesn't mean that a Honeywell isn't doing fine without it," Cramer cautioned. "It's like 1998, when the economy was booming. ... We had to stop the decline [in the financials] ."
Cramer believes the bank woes may remain independent of the broader economy. "The problems are not with IBM (IBM) or Verizon (VZ) ... AT&T (T ) ... Nokia (NOK) ... Microsoft (MSFT)."
Cramer added that the Federal Reserve's 75-basis-point rate cut last week was helpful. "You needed that cut to be able to raise all that money last week." However, the crisis isn't over. "Home price appreciation is nonexistent. ... We saw that number today. ... The oil futures are saying no recession. I think the Fed cuts are needed again."
Published By TheStreet.com

Labels: BAC, CAT, HON, IBM, ICE, Jim Cramer, MSFT, NOK, PH, Stop Trading, T, VZ, WB

Oil prices hit a new high while other energy futures were mixed Tuesday after the government reported surprisingly large declines in oil inventories and an unexpected increase in gasoline supplies.
Light, sweet crude for October delivery rose 64 cents to $82.15 a barrel on the New York Mercantile Exchange after hitting a new trading high of $82.51 earlier. October gasoline rose 2.53 cents to $2.0856 a gallon.
Heating oil futures fell 0.14 cent to $2.2409 a gallon and Nymex natural gas futures fell 20 cents to $6.368 per 1,000 cubic feet.
In London, November Brent crude rose 63 cents to $78.22 a barrel on the ICE Futures exchange.
The Energy Department's Energy Information Administration reported that crude inventories fell by 3.8 million barrels during the week ended Sept. 14, more than double the 1.5 million-barrel decline analysts surveyed by Dow Jones Newswires, on average, had expected. However, crude inventories remain at the upper end of their average range for this time of year, the EIA said.
Gasoline supplies rose by 400,000 barrels, the EIA said, countering analyst predictions of a 1.3 million-barrel decline.
Refinery utilization fell by 0.9 percentage point to 89.6 percent of capacity. Analysts expected a decline of 0.5 percentage point.
Distillate inventories, which include heating oil and diesel fuel, rose by 1.5 million barrels, above the 1.1 million analysts expected.
Crude oil imports averaged 9.8 million barrels last week, an increase of 242,000 barrels per day. Gasoline imports averaged 1 million barrels a day, down slightly from a week earlier.
Demand for gasoline averaged nearly 9.5 million barrels a day over the last four weeks, the EIA said, 0.5 percent above the same period last year.
Published by John Wilen, AP Business Writer

Labels: Crude Inventories, Gasoline, ICE, NMX, Oil Prices

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

Here are 7 trading ideas for today. These lists come directly from the TradingMarkets Stock Indicators page and are based upon our latest quantitative research.
Bullish
Gaps Down 5% or More: These are stocks that gap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that gap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Atheros Communications (NasdaqGS:ATHR - News). ATHR's PowerRating is 7.
Laps Down 5% or More: These are stocks that lap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that lap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Terra Nitrogen (NYSE:TNH - News). TNH's PowerRating is 8.
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge. Historically, these stocks have provided traders with a significant edge.
Baidu.com (NasdaqGS:BIDU - News). BIDU's PowerRating is 10.
5+ Consecutive Lower Lows: These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Intercontinental Exchange (NYSE:ICE - News). ICE's PowerRating is 8.
2-Period RSI Below 2: These are stocks that have a 2-period RSI reading below 2 and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving with a 2-period RSI reading below 2 have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
A.G. Edwards (NYSE:AGE - News) & Bank of New York (NYSE:BK - News). AGE's PowerRating is 7, and BK's PowerRating is 7.
Bearish
5+ Consecutive Up Days: These are stocks that have made a higher high for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that make higher highs for five or more days have shown negative returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Neurochem (NasdaqGM:NRMX - News). NRMX's PowerRating is 3.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: AGE, ATHR, BIDU, BK, ICE, NRMX, TNH

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced 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 510 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating is 5.
Most Underpriced 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.
InterContinental Exchange June 130 Puts (NYSE:ICE - News). ICE's PowerRating is 6.
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. July 120 Calls (NasdaqGS:AAPL - News). AAPL's PowerRating is 6.
Most Overpriced 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.
Oil Services HOLDR July 150 Puts (AMEX:OIH - News). OIH's PowerRating is 6.
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.
Nasdaq Stock Market (NasdaqGS:NDAQ - News). NDAQ's PowerRating is 3.
Micron Technology (NYSE:MU - News). MU's PowerRating is 4.
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.
Lexmark International (NYSE:LXK - News). LXK's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: AAPL, GOOG, ICE, LXK, MU, NDAQ, OIH, Stock Options

IntercontinentalExchange (NYSE: ICE - News): 'It is killing the shorts that stock. ... That stock is a fave along with CME and CBOT Holdings. This group is fantastic ... raising margin, raising price."Chicago Mercantile Exchange (NYSE: CME - News)CBOT Holdings (NYSE: BOT - News):' This group is fantastic ... raising margin, raising price.'Ciena (NasdaqGS: CIEN)Tellabs (NasdaqGS: TLAB)Progressive (NYSE: PGR - News): 'One of the highest-quality insurers in the world.'Prudential (NYSE: PRU - News): ' ... are the ultimate insurers in this country.'MetLife (NYSE: MET - News)United Online (NasdaqGS: UNTD): 'This company yields 5%. It's got momentum. It's doing well. ... United Online, you get a thumb up.'Sears (NasdaqGS: SHLD): 'The stock was down badly today. I know people want me to run, they want me to hide ... I'm not selling a share. ... I am a believer.'American Capital (NasdaqGS: ACAS): 'Eight percent yields ... consistently pilloried by the bears. ... I see 8% growth, sells at 13 times earnings; I see a stock that's going higher.'Public Service Enterprise (NYSE: PEG - News): 'Off of my electric bill alone, I would buy these guys.'Exelon (NYSE: EXC - News)Duke Energy (NYSE: DUK - News)Consolidated Edison (NYSE: ED - News)Energy Metals (NYSEArca: EMU): 'Been marking time. ... very speculative stock ... I think there's more upside.'Hewlett-Packard (NYSE: HPQ - News): 'The only tech stock that we're really behind right now is Hewlett-Packard.'Bank of New York (NYSE: BK - News)Amgen (NasdaqGS: AMGN)
Bearish calls:
IPG Photonics (NasdaqGM: IPGP): 'All this stuff that goes into the big telecommunications world has turned very cold for me.'FoxHollow Technologies (NasdaqGS: FOXH): 'They gave away the upside when they made that deal with Merck .'Atmel (NasdaqGS: ATML): ' ... don't think there's any upside there.'
Published by SeekingAlpa

Labels: ACAS, AMGN, BKC, BOT, CME, DUK, ED, EXC, HPQ, ICE, Jim Cramer, Lightning Round, MET, PEG, PGR, PRU, SHLD, UNTD

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:
NYSE Group (NYSE: NYX - News): 'NYX is still my growth stock of the year.'Altria (NYSE: MO - News): ' ... that's my number 1 value stock of the year, and we've been making money in that name. 'Public Storage (NYSE: PSA - News): 'PSA is one of those incredible situations where I believe... this group's in bull market mode, and it is not about to stop, and I think PSA is two thumbs up, way up!'Tower Group (NASDAQ: TWGP - News): ' I like the insurance business. Obviously, a little expensive versus price to book, because it sells at like 4x book. But it's growth rate is equal to its P/E multiple.'Transocean (NYSE: RIG - News)GlobalSantaFe (NYSE: GSF - News)Wells Fargo (NYSE: WFC - News): 'WFC - best in show quarter.'JPMorgan (NYSE: JPM - News): 'I suggest you swap into JPM.' WFC - best in show quarterJ.C. Penney (NYSE: JCP - News): 'Let me just tell you to be in some JCP.'
Bearish calls:
General Motors (NYSE: GM - News): 'GM is in a holding pattern. It can't do anything until the numbers start getting better. Had they not lost Jerry York ... the stock would have gone to $40. Right now, it is strictly 'don't buy, don't buy...'Hertz Global (NYSE: HTZ - News): ' Take the money and run! I don't want to be there.'Intercontinental Exchange (NYSE: ICE - News): 'The ICE still does not melt... I do not understand why this stock is so strong, other than it trades oil... I still like NYX more. Don't buy, don't buy.'LoJack (NASDAQ: LOJN - News): 'They missed the quarter.'Del Monte Foods (NYSE: DLM - News): ' ... it has been historically a bad investment, and it's not going to change. That company is poorly run!'ON Semiconductor (NASDAQ: ONNN - News): 'No, no, no. Time to ring the register. That particular part of the tech bull market is on hold until August.'DivX (NASDAQ: DIVX - News): 'We recommended it at $18. It was a fabulous call. We pulled the trigger. When it got to $28, we said enough is enough. It's back to $21. I'm not going away from that.'King Pharmaceuticals (NYSE: KG - News): ' ... I have disliked KG for as long as this stock has been going down. I don't like the generics. I reiterate my sell on KG. 'Tata Motors (NYSE: TTM - News): 'I cannot in good conscience say that I am going to recommend that you buy it, but I am certainly, certainly going to tell you - if you own TTM - you can hold it, but you better do a little schnitzelling...'Hercules Offshore (NASDAQ: HERO - News): 'This is an example of the need to be selective. I want you to sell HERO. I don't like the U.S. offshore market.'The Bank of New York (NYSE: BK - News): ' I'm not a big fan of stocks that have already announced big deals.'Aeropostale (NYSE: ARO - News): 'No. I don't need that teen ghetto - it's too hard for me.'
Published by SeekingAlpha

Labels: DIVX, DLM, GM, GSF, HTZ, ICE, JCP, Jim Cramer, JPM, KG, LOJN, Mad Money, MO, NYX, ONNN, PSA, RIG, TTM, TWGP, WFC