Jim Cramer's Mad Money Review

The Dow closed down 218 points and the Nasdaq fell 43 points on Monday. Finerman sees storm clouds are everywhere and the Goldman downgrade of Citigroup (C) really hurt the markets. Najarian had a fun day trading. He also thinks the financial sector is in big trouble and he is extremely worried about General Motors (GM) which fell below $27.
Louise Yamada, a highly ranked technician on Wall Street, joined the show to discuss her analysis on the technicals of the market. She is currently worried that the S&P 500 could break 1406, which would signal to her an end of the longer-term uptrend. Yamada is still bullish on Cisco Systems (CSCO) and she would look to buy pullbacks on the name. She looked at the chart on Broadcom (BRCM) calling it a sell because it hasn't followed through after a false break-out. The chart on Coca-Cola (KO) is initiating an uptrend according to Yamada, so she would be a buyer of KO. Bed Bath and Beyond (BBBY) should be sold.
Retail
Nordstrom (JWN) reported a 22% rise in third-quarter profits helped by an extra week of sales.
Sears Holdings (SHLD) disclosed it has taken a 13.7% stake in Restoration Hardware (RSTO) and the possibility of proposing an acquisition.
Target (TGT) is set to report earnings Tuesday before the opening bell.
Hewlett-Packard (HPQ) clocked a 28% jump in profits off of strong notebook sales.
Medtronic (MDT) reported a 2% decline in profits, but the stock trades 3% higher after hours.
Lowe's (LOW) dropped 7% after reporting a 10% decline in profits due to the weak housing market.
Celgene (CELG) bought Pharmion (PHRM) for $2.9 billion. Adami thinks that Phizer must make a similar acquisition.
EchoStar (DISH) shares exploded higher Monday after Citigroup said there was a 65% chance that AT&T (T) will buy DISH.
Ultimate Fighting is now the fasting growing spectator sport in the United States. Macke says look for growth in cable companies and satellite companies like Viacom (VIA) and EchoStar. He also thinks makers of energy drinks like Coca-Cola will benefit. He said avoid the World Wrestling Entertainment (WWE) because the UFC is taking share. Lastly, Macke speculated that Anheuser-Busch (BUD) could be near a beverage deal with the UFC.
Pops & Drops
Pops - Xerox (XRX) traded up 2%.
Intercontinental Exchange traded up 3%
VeriSign (VRSN) traded up 2%.
Drops - E*TRADE (ETFC) fell 13% even with speculation of a takeover by Ameritrade (AMTD)
Wynn Resorts (WYNN) fell 7%
Genesco (GCO) plunged 24%.
Disney (DIS) fell 4%
General Motors (GM) fell 8% after the automaker announced plans for year-end discounts to clear out inventory.
Dillard's (DDS) fell 5%.
Tween Brands (TWB) fell 13%
Final Trade
Macke would purchase Dicks Sporting Goods (DKS) and Target on any selloff Tuesday
Najarian advises buying EchoStar (DISH) on a pullback under $44.
Finerman is long Goldman Sachs Group (GS) and short Lehman Brothers Holdings (LEH).
Adami recommends Vodafone Group (VOD) for a play on China.

Labels: BBBY, BRCM, CELG, Citigroup Inc., CNBC, CNBC's Fast Money, CSCO, DISH, Dow Jones, Fast Money Recap, GM, HPQ, JWN, KO, LOW, MDT, Nasdaq, PHRM, SHLD, TGT

On Friday Cramer bagan by talking about a recommendation he made on Thursday in the Lightning Round that he wants to correct. He had said that St. Jude Medical (STJ) was a sell, and after giving it some thought, he realized that it should be a buy. His reasons were that Medtronic (MDT) had a recall in a market where these two companies are the only players, health care stocks are good defensive plays, and it is trading at just over 1X its growth rate.Then Cramer went to the phonelines. The first caller asked about Johnson & Johnson (JNJ), and Cramer said that it is a safe play in a slowing economy, plus Warren Buffet is buying shares. Second caller asked about Humana (HUM), and Cramer said that he doesn't know why the analysts don't like the stock, and that it is a cheap stock. He also said that he likes UnitedHealth (UNH) better, partially because Warren Buffet is buying this as well. Another caller asked about Hansen Medical (HNSN), and Cramer said that he thinks it has run its course and he doesn't want anything to do with it. The last caller asked about Beijing Medical (BJGP), and Cramer said that he won't recommend this Chinese stock since they are so risky.Cramer came back and talked to (CSX) CEO Michael Ward who talked about their stock buyback, upcoming earnings, and why a hedge fund has been asking for a change in leadership. Cramer concluded that this stock is a buy.In Cramer's "Game Plan" for next week, he said that he won't be recommending any individual stocks because the big investors are unsure right now, so they are unpredictable. Cramer said that Wells Fargo (WFC) gave a very negative report on the housing market and they are one of the best banking stocks out there, so the bad banking stocks must be really suffering. He said to get out of Countrywide (CFC), Washington Mutual (WM), Downey Financial (DSL), E*Trade (ETFC), Standard Pacific (SPF), Pulte Homes (PHM), Centex (CTX), and Beazer (BZH), and buy defensive stocks like Coca-Cola (KO), Altria (MO), Colgate (CL), Clorox (CLX), Avon (AVP), and Medco Health (MHS). Cramer said that things have gotten much worse for the economy recently, and the Fed can't let the economy fall apart, so they will have to take action soon.Cramer went over his mining picks that have been doing well: BHP Billiton (BHP), C.V.R.D. (RIO), and Freeport McMoran (FCX), and then talked with the CEO of one that hasn't: Lundin Mining (LMC). It is down since they didn't have a very good quarter and he wants to know whether it is time to give up on the stock or buy more. The CEO was optimistic, but Cramer said that he wants you to wait until they report another quarter before buying more.Lastly, Cramer did a review of the week and ended the show.

Labels: bjgp, CNBC, CSX, HNSN, HUM, Jim Cramer, JNJ, Mad Money, Mad MOney Recap, MDT, STJ, UNH

Stocks pulled back sharply Monday as news that major U.S. banks will set up a fund to help bail out the credit markets stirred concerns about bad debt and as oil prices surged to $86 per barrel for the first time. The Dow Jones industrial average lost more than 100 points.
The stock market's pullback comes not only amid concerns about debt and rising energy costs but as investors await third-quarter reports due this week from more than 80 components of the Standard & Poor's 500 index.
The concerns about banking came after Citigroup Inc., the biggest U.S. bank, reported that third-quarter results fell 57 percent. The company said it lost more than $3 billion in mortgage-backed security losses, leveraged debt write-downs and fixed-income trading losses.
The bank -- along with JPMorgan Chase & Co. and Bank of America Corp. -- announced the creation of a fund used to help revive the asset-backed commercial paper market. The fund will buy assets from structured investment vehicles, also known as SIVs, which buy corporate bonds and subprime mortgage debt. The bailout was orchestrated by the Treasury Department to avoid a fire sale in the market.
"It's a reminder that this problem never was entirely put to bed. There may be financial institutions out there than are in more trouble than we thought they were," said Aaron Gurwitz, co-head of portfolio strategy at Lehman Brothers Investment Management, referring to concerns about bad debt. He also noted that Monday's session wasn't unusual given the back-and-forth moves in the major indexes in recent sessions.
The Dow fell 108.28, or 0.77 percent, to 13,984.80.
Broader stock indicators also declined. The S&P 500 index fell 13.09, or 0.84 percent, to 1,548.71, and the Nasdaq composite index fell 25.63, or 0.91 percent, to 2,780.05.
Source: Tim Paradis, AP Business Writer

Labels: BAC, BIIB, C, JPM, MDT

Medtronic Inc. was among stocks leading the Standard & Poor's 500 Index higher in midday trading Wednesday after the Minneapolis-based medical device maker beat analysts' estimates for fiscal fourth-quarter profit and sales.
Medtronic's stock jumped $2.70, or 5.3 percent, to $53.50.
Another leader was Alcoa Inc. A day after Alcan Inc. rebuffed the fellow aluminum producer's $27 billion takeover bid, Alcoa's shares rose $1.56, or 4 percent, to $40.51. With Alcan now in talks with BHP Billiton Ltd., according to a Canadian newspaper, it now appears less likely Alcoa will buy Alcan and there has been some speculation that Alcoa may be a takeover target itself.
Shares of Forest Laboratories Inc. rose after the drug developer said its depression treatment Milnacipran met its goals in a drug trial.
The New York-based company's stock rose $2.14, or 4.1 percent, to $54.02.
In midday trading, the S&P 500 was up 6.37 to 1,530.49.
Among laggards on the index, shares of Norwood, Mass.-based Analog Devices Inc. fell after the chip maker said it expects fiscal third-quarter earnings to decline as the company spends more on research and development.
Shares of Analog Devices sank $4.13, or 10.2 percent, to $36.29.
Computer Sciences Corp. delayed filing its fourth-quarter results because the information technology consultant needs more time to fix its accounting for income taxes related to some transactions in prior periods. The announcement sent the El Segundo, Calif.-based company's stock down $2.04, or 3.5 percent, to $55.70.
Shares of Dillard's Inc. fell after the Little Rock, Ark,-based department store chain reported a 30 percent decline in first-quarter profit.
The stock fell $2.53, or 6.4 percent, to $37.12.
Published by AP

Labels: AA, ADI, AL, CSC, DDS, FRX, MDT

Wall Street advanced Wednesday, driving the Dow Jones industrials above 13,600 for the first time on another wave of takeover activity and an increase in oil and gasoline stockpiles.
Alcan Inc. rebuffed a $27.6 billion hostile bid by aluminum competitor Alcoa Inc., and Canadian media reported that Australian mining giant BHP Billiton Ltd. might make its own offer.
The bidding battle rumors came amid a New York Post report that EMI Group Chief Executive Jim Fifield might be in the final stages of planning an offer to buy the music company. And late Tuesday, Payless ShoeSource Inc. said it will buy competing shoe store chain Stride Rite for about $800 million, while real estate investment trust Crescent Real Estate Equities Co. said it will be bought by another real estate investment firm, Morgan Stanley Real Estate, for about $2.34 billion.
Investors appear to be unperturbed by the slow economy and focused more on corporate America's strength. About $2.3 trillion worth of deals have been announced so far this year, according to financial data provider Dealogic, and the tally is on track to beat last year's record $4 trillion.
Robust earnings reports from companies including Target Corp. and Medtronic Inc. and a solid rebound in U.S. gasoline inventories also encouraged investors to resume their buying. The Energy Department said gas inventories rose by 1.5 million barrels in the latest week, nearly twice the amount the market expected.
In mid-morning trading, the Dow Jones industrial average rose 60.46, or 0.45 percent, to 13,600.41.
Broader stock indicators were also higher. The Standard & Poor's 500 index advanced 7.72, or 0.51 percent, to 1,531.84, and the Nasdaq composite index gained 11.72, or 0.45 percent, to 2,599.74.
Published by AP

Labels: AA, AL, CEI, MDT, PSS, TGT

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.
Deutsche Bank July 155 Calls (NYSE:DB - News). DB's PowerRating is 6.
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.
Medtronic July 50 Puts (NYSE:MDT - News). MDT's PowerRating is 5.
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.
Research in Motion July 185 Calls (NasdaqGS:RIMM - News). RIMM's PowerRating is 3.
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.
Google Inc. July 430 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating is 5.
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.
Palm Inc. (NasdaqGS:PALM - News). PALM's PowerRating is 5.
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.
SiRF Technology Holdings (NasdaqGS:SIRF - News). SIRF's PowerRating is 5.
International Business Machines (NYSE:IBM - News). IBM's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: DB, GOOG, Hot Stock Options, IBM, MDT, PALM, RIMM, SIRF

Alltel (NYSE:AT - News) reports earnings Tuesday morning before the market opens; watch for $0.58 EPS. AT's PowerRating is 6.
When Elan (NYSE:ELN - News) announces earnings on Tuesday morning, watch for -$0.22 EPS. ELN's PowerRating is 3.
FirstEnergy (NYSE:FE - News) is looking to announce $0.85 EPS when the company reports earnings on Tuesday morning. FE's PowerRating is 5.
When Home Depot (NYSE:HD - News) reports quarterly earnings on Tuesday before the market opens, look for $0.51 EPS. HD's PowerRating is 5.
Wal-Mart (NYSE:WMT - News) is expected to announce $0.90 EPS on Tuesday morning. WMT's PowerRating is 5.
Both Hewlett-Packard (NYSE:HPQ - News) and Medtronic (NYSE:MDT - News) report earnings Tuesday after the close, so watch for heightened price action and volatility ahead of the bell. HPQ's PowerRating is 5, and MDT's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: AT, ELN, FE, HD, HPQ, MDT, WMT

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

Stocks edged higher on Tuesday as investors were cautious about taking new positions in a holiday-shortened week, but shares of jet aircraft manufacturer Boeing Co. (BA.N: Quote, Profile, Research) and Web search leader Google Inc. (GOOG.O: Quote, Profile, Research) hit record highs. Shares of Boeing rose 1.7 percent to an all-time high of $90.64 on the New York Stock Exchange and led the Dow higher after Korean Air Co. (003490.KS: Quote, Profile, Research) said it had ordered 25 aircraft from the company. Google shares also tore through the key $500 level, climbing 2.2 percent to $505.72 and ranking among the Nasdaq's biggest gainers. In recent months, Google has pulled away from its peers on the Internet by posting sustained growth that is three to four times faster than its rivals. At the same time, its closest competitor, Yahoo Inc. (YHOO.O: Quote, Profile, Research) is in turmoil over strategy. The Dow Jones industrial average <.DJI> was up 6.57 points, or 0.05 percent, at 12,323.11. The Standard & Poor's 500 Index <.SPX> was up 2.24 points, or 0.16 percent, at 1,402.74. The Nasdaq Composite Index <.IXIC> was up just 0.96 of a point, or 0.04 percent, at 2,453.68. "The market has soared seven out of the last eight weeks, so it's just a little pause to catch its breath," said Al Goldman, chief market strategist at A.G. Edwards in St. Louis, Missouri. "The nice thing is that the market is handling the profit taking so far in a very positive fashion. The week before Thanksgiving tends to be strong seasonally." U.S. financial markets will be closed on Thursday for Thanksgiving, and the stock market will close early on Friday. Shares of medical device maker Medtronic Inc. (MDT.N: Quote, Profile, Research) shot up 8.8 percent to $53.24 and were the top positive influence on the benchmark S&P 500 index, as the company posted a better-than-expected quarterly profit. Farm equipment maker Deere & Co. (DE.N: Quote, Profile, Research) said quarterly earnings rose a better-than-expected 19 percent on a turnaround in its equipment business, sending shares of the company up 4.7 percent to $93.60.
Shares of upscale department store operator Nordstrom Inc. (JWN.N: Quote, Profile, Research) rose 3.9 percent to $49.32 on the NYSE after it reported quarterly results late on Monday.
Source: Reuters.com

Labels: BA, Boeing, DE, GOOG, Google, JWN, MDT, Medtronic, Nordstrom, Stocks