Jim Cramer's Mad Money Review

Bullish calls:
Nova Chemicals (NYSE: NCX - News): 'I believe that the chemical companies are radically undervalued, particularly because there are still a lot of Europeans that still want to buy them because of strong currency... I am saying yes to NCX.'Research In Motion (NasdaqGS: RIMM - News): ' ..the highest-growth companies with best balance sheets... I am not backing away from a stock like RIMM.'EMC (NYSE: EMC - News): ' ... was down horribly today, even though the VMWare, but it was a bad day. I would buy EMC.'Hewlett-Packard (NYSE: HPQ - News)Intel (NasdaqGS: INTC - News) Cisco Systems (NasdaqGS: CSCO - News)Avnet (NYSE: AVT - News): 'I've been recommending Avnet Inc. which, weirdly, was at a 52-week high yesterday. I would swap out of IM and buy AVT. Can we wait for AVT to pull back? It just hit a high, but I like it.'
Bearish calls:
Xerox (NYSE: XRX - News): 'I feel that this is a stock that is just going to be nibbling... Don't buy, don't buy.... I am not going to recommend it.'ViroPharma (NasdaqGS: VPHM - News): 'I just recommended it. It went down and, ever since then, I have hated it. I just feel like it's not what you want to do. Sell, sell, sell!'Brocade Communications (NasdaqGS: BRCD - News): 'Huge insider buying. I thought it went down because of Greg Reyes... I know that he was just convicted....don't buy, don't buy.'Ingram Micro (NYSE: IM - News): 'It's down a lot. If I want to buy a distributor, I want something that has a little more value added.'Dun & Bradstreet (NYSE: DNB - News): 'I've always liked that company ... It's still pretty high. It's at $95 ... Don't buy, don't buy.'North American Palladium (AMEX: PAL - News): 'Bernanke doesn't know that this is a deflationary spiral... You cannot be in PAL. I do not want you to stick with PAL.'
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Labels: AVT, BRCD, CSCO, DNB, EMC, HPQ, IM, INTC, Jim Cramer, Lightning Round, NCX, PALM, RIMM, VPHM, XRX

Tech Data Corp. (TECD.O: Quote, Profile, Research), the world's No. 2 computer products distributor, reported a lower quarterly profit on Tuesday on higher costs, but its shares rose 5.5 percent as it issued a sales forecast above Wall Street expectations. Net income fell to $9.6 million, or 18 cents per share, for the third quarter ended October 31, from $23 million, or 40 cents per share, a year earlier. Net sales rose to $5.43 billion from $5.07 billion and beat the $5.18 billion average expectation of analysts polled by Reuters Estimates. Third-quarter gross margin was 4.56 percent of net sales, compared to 4.95 percent a year earlier. In a statement, the company blamed "a more challenging market environment and the related competitive margin conditions" for the drop in profitability. Tech Data said its third-quarter results included $6.1 million in restructuring charges and $2.8 million in consulting costs related to an overseas restructuring program. Excluding those items, the company said it would have had profit of $18 million, or 33 cents. For the fourth quarter ending January 31, 2007, the company said it expects to report net sales of $5.75 billion to $5.90 billion. Analysts were expecting $5.40 billion, according to Reuters Estimates. The company didn't provide forecasts for net income.
Its shares rose 2.20 to $42.20 in heavy morning trade on Nasdaq. Clearwater, Florida-based Tech Data is the second-largest distributor of computers and other information technology products after Ingram Micro Inc. (IM.N: Quote, Profile, Research).
Source: Reuters.com

Labels: IM, Ingram Micro Inc., TECD, Tech Data Corp., Technology