Jim Cramer's Mad Money Review

Bullish calls:
Vodafone (VOD): 'You know I like VOD!... It's part of my European invasion... ' Verizon (VZ): 'Ivan Seidenberg [CEO]... why have you been hiding? Why don't you come on the show? You know I love you... I do. I think he's fabulous.' Unilever (UN) Sirius Satellite Radio (SIRI): 'I think the merger happens in the first quarter. I've been recommending this stock since $2.75 … you're going to get $6, when the deal comes across... At $6 bucks, then we're done.' Hologic (HOLX): 'This one is - buy, buy, buy! - my absolute favorite right now, when it comes to diagnostics. It was knocked down a couple of points because of that financing..' FCStone Group (FCSX): 'It's just unbelievable how good FCSX turned out to be, and I'm sorry that I gave it just a trade, and not an investment.' Best Buy (BBY): 'BBY is best in show.' Costco (COST): 'I like BBY. Not as much, though, as I like 52-week high, Costco!' Sonic (SONC): 'But SONC is in there buying back stock. It's a regional-to-national store chain. I reiterate that I like that stock very much!' Diamond Offshore (DO): 'Maybe you take a little off the table, but that is some great company!' Transocean (RIG): 'I don't like [Diamond Offshore] as much as I like Transocean.'
Bearish calls:
Broadcom (BRCM): 'No way, no way... sell, sell, sell! BRCM is just challenged.' LHC Group (LHCG): 'I 'm not a believer in that business.' Qualcomm (QCOM) Centex(CTX)
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Labels: BBY, BRCM, COST, CTX, DO, FCSX, HOLX, Jim Cramer, LHCG, Lightning Round, Mad Money, QCOM, RIG, SIRI, SONC, UN, VOD, VZ

Cramer began Wednesday's show talking about Wal-Mart's (WMT) good quarter and investment ideas from its conference call. Cramer remarked how well GameStop will do during the holidays and how other consumer electronics will continue to be strong. Cramer disagrees on digital cameras because they're made in China making them hard to buy right now. He does not like Garmin (GRMN) either. In computers, Cramer supports Hewlett-Packard (HPQ), which Wal-Mart is not a big carrier of. They do sell Dell but Cramer prefers HP. He mentioned Activision as a possible investment for video games, but prefers GameStop.
TV's: Cramer considered Corning (GLW), who are involved in liquid crystal display televisions. It is not trading as high as it should be, but has a raised outlook in pricing. It has bendable fiber not priced in the stock and is heading much higher.
Am I Diversified?The first caller had Sirius Satellite Radio (SIRI), Ford (F), AT&T (T), McDonald's (MCD) and Human Genome Sciences (HGSI). Cramer called HGSI too speculative and said he'd rather see the caller in a stock like Celgene (CELG) instead.Another caller held Daimler (DAI), Coca-Cola (KO), Google (GOOG), Celgene and CVRD (RIO). Cramer blessed the portfolio.The final caller asked if he was diversified with Apple (AAPL), Occidental Petroleum (OXY), MetLife (MET), Cisco (CSCO) and Yum! Brands (YUM). Cramer suggested the caller swap out of MetLife and into Prudential (PRU).
Tetra Tech (TTEK) CEO Dan Batrack joined Cramer on the show, where he said his company beat fourth-quarter expectations due to increased margins. He said they had a great performance on earnings.

Labels: CELG, GLW, GRMN, HGSI, HPQ, Jim Cramer, Mad Money, Mad MOney Recap, MCD, SIRI, WMT

Bullish
Diana Shipping (DSX)-
Sirius Satellite Radio (SIRI)- Need to get the merger done to go up.
Baidu.com (BIDU)-
Celgene (CELG)- This is the name.
L-3 Communications (LLL)-
Becton Dickinson (BDX)-
Lowe's (LOW)- Is low and likes retail here.
Union Pacific (UNP)- Has better breadth
Barrick Gold (ABX), Yamana Gold (AUY), Goldcorp (GG), Freeport-McMoRan (FCX)- Likes all gold.
Wyndham Worldwide (WYN)- They reported a good quarter.

Bearish
Navios Maritime (NM)- Not his favorite shipper
Sohu.com (SOHU)- "no, no, no"
Genentech (DNA)- Had to give up.
AuthenTec (AUTH)- Had a big run, but likes L-3
Burlington Northern Santa Fe (BNI) - Likes UNP better.
Las Vegas Sands (LVS)-

Labels: BDX, BIDU, CELG, DSX, Jim Cramer, Lightning Round, LLL, LOW, Mad Money Lightning Round, SIRI, UNP

Sirius (SIRI) XM Satellite (XMSR) Crocs (CROX): Even though the SIRI/XMSR merger has been "topic one" in Congress, Cramer predicts it will be approved this year, and as a result, SIRI will move from $3.60 to $5.00. Cramer also noted CROX rose 4% due to a short squeeze, but he would still recommend it for the long-term.
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Labels: CROX, Hot Stocks, Jim Cramer, SIRI, XMSR

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:
SunPower (SPWR) and First Solar (FSLR): Cramer thinks that are all better alternative energy plays.
Sirius (SIRI): Likes better than XM radio.
Cummins (CMI): Don't walk away from. Take a little off the table.
Celgene (CELG): Buy instead of Amgen
Caterpillar (CAT): Let it come in..then buy.
US Steel (X) or Reliance Steel (RS).
China Finance Online (JRJC)
Bearish:
Headwaters (HW): Better plays in the energy sector.
XM Satellite (XMSR)
Tribune (TRB): Cramer thinks that the $34 per share deal will go through, even though it is a bad deal for employees, because Sam Zell is a man of his word. Employees should "Sell, Sell, Sell!"
Blockbuster (BBI): Don't have a good view of this stock. Don't buy.
Fossil (FOSL): Sell
CIT Group (CIT): Don't buy.
Arcelor Mittal (MT)
Amgen (AMGN):

Labels: CAT, CELG, CMI, FSLR, Jim Cramer, JRJC, Lightning Round, Mad Money, RS, SIRI, SPWR, X

Bullish calls:
CME Group (CME): "The stock has been marking time. ... I think when we see the quarter it's going to be a rally like you wouldnt believe ... I say buy one share. ... It's a coiled spring." EMC (EMC): "We are looking at six months before EMC fully reflects the price of VMware." Parker-Hannifin (PH): "A remarkable company ... businesses are spread out. When it got to 80, I said it could go to 120. I reiterate that's where it's going." Union Pacific (UNP): "I like the rails ... and I'm going to send you to Union Pacific." Burlington Northern Santa Fe (BNI) Texas Instruments (TXN):" … is a monster good company to own at this point in the cycle." Nokia (NOK): Freeport-McMoRan (FCX): "I'm sending you to FCX." Goodyear Tire (GT): "I like the other side of the trade. I like the oil stocks." Rosetta Resources (ROSE): "Too cheap ... knocked down on litigation. Pull the trigger Rosetta." Crocs(CROX) Sirius Satellite Radio (SIRI)
Neutral calls:
Sears Holdings (SHLD): "Until we fix the housing morass, you're not going to make a lot of money in Sears. I'm in a holding pattern with Sears."
Bearish calls:
Delta Air Lines (DAL): "I don't want to own any airline here. I am a believer that oil is not done going up." Warner (TWX)
Comcast (CMCSA) Charter Communications (CHTR)
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Labels: BNI, CHTR, CMCSA, CME, CROX, DAL, EMC, FCX, GT, Jim Cramer, Lightning Round, NOK, PH, ROSE, SHLD, SIRI, TWX, TXN, UNP

Bullish calls:
Bunge (BG) Monsanto (MON) Sirius Satellite (SIRI): I've positive on SIRI right here, at $2.80. We've reiterated it all the way and said it's going to go to $4 bucks, and the deal gets done. Now, when the deal gets done, it will go to $6 bucks. Research In Motion (RIMM): Yes, I know, it's up a lot. I do not care. It goes higher. First Solar (FSLR): I just want to reiterate that I like First Solar. Suntech Power Holdings (STP) LDK Solar (LDK) Omniture(OMTR): … my favorite... It's kind of an instant Nielsen on the web. It's ad-directed traffic... That's your play. Meridian Bioscience (VIVO): Ithink diagnostic companies are the wave of the future. I'm going with you. Inverness Medical Innovations (IMA) Blue Coat Systems (BCSI): 'It's a good stock. This is web infrastructure … I've got to go with it. Garmin (GRMN) Cnooc (CEO)) Petrochina (PTR) MEMC (WFR) Central European Distribution (CEDC): That, by the way, is a fabulous stock - with 700 different distillations of liquor.
Neutral calls:
Furmanite (FRM): Man, you know what? That's one we're going to have to do work on... I don't know FRM...
Bearish calls:
Pacific Ethanol (PEIX): I've got to steer you away from that. That is not that good a stock. Blockbuster (BBI): It just had a nice move, but I don't like the business model that much - Don't buy, don't buy. Palm (PALM): I don't like PALM at all. First Marblehead (FMD): No, just too hard. F5 Networks (FFIV): You know that last quarter wasn't that good... and I like that company very much...... I'm going to send you from FFIV to Omniture. Trimble Navigation (TRMB): … if we've got Garmin, I don't need to be in TRMB.
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Labels: BBI, BCSI, BG, CEO, FFIV, FMD, FRM, GRMN, IMA, Jim Cramer, Lightning Round, MON, PALM, PEIX, PTR, RIMM, SIRI, TRMB, VIVO, WFR

"Who Needs Satellite Radio? Sirius (NasdaqGS: SIRI - News) and XM Satellite Radio (NasdaqGS: XMSR - News)
Investors may wonder why SIRI and XMSR are both proposing price cuts, and Jim Cramer indicates it is an act of desperation, as legislators depend on the survival of "terrestrial" radio stations, the sworn enemies of satellite radio, to run their campaign ads. Therefore, satellite radio has almost no friends in Washington. In addition, since many cars have an Apple facility, there is no need to use satellite radio unless one forgets his iPod at home. "Satellite radio is not indispensable, even though they claim that it is, and their balance sheets are the balance sheets from hell," Cramer said. "So this is the death mill for these companies if they can't get together."

Labels: Jim Cramer, SIRI, Wall Street Confidential, XMSR

Celgene (NasdaqGS: CELG - News), Onyx Pharmaceuticals (NasdaqGM: ONXX - News): Although Celgene's stock performance has been like a "tree falling in the woods," Cramer would buy the stock because of Revlimid, its cancer drug. The stock is up 50% since last year and is "ready to roll again." He also likes ONXX which was ignored at American Society of Clinical Oncology conference, in spite of its liver cancer drug. Cramer says its decline is a "mistake."
Wal-Mart (NYSE: WMT - News): In spite of WMT's 3% gain for a second day, Cramer would not wait for it to decline, but believes the stock could reach $61 next year from $50.
Sirius Satellite Radio (NasdaqGS: SIRI - News): A Bear Stearns analyst's upgrade of SIRI was a "big call," and Cramer would consider buying the stock on the analyst's credibility. However, the call was "not working" with SIRI down 3 cents at $2.85, but he predicts SIRI will reach the estimate of $4.
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Labels: CELG, Jim Cramer, ONXX, SIRI, Stop Trading, WMT

American Tower (NYSE: AMT - News): 'I saw the quarter this morning ... I think the tower business is a great business ... I want to reiterate off that great quarter that AMT is best in show.'Crown Castle (NYSE: CCI - News)Rosetta Resources (NasdaqGS: ROSE): 'I think that ROSE is one of these terrific independent oil companies, that is way behind the group, that should be bought aggressively here, that people do not understand.'MasterCard (NYSE: MA - News)Schlumberger (NYSE: SLB - News): 'I believe very strongly that SLB is going higher ... The stock's right at its high. If that stock pulls back to $72-73, yeah, you bet what we're going to do with that one ('mon-back sound)...'Deere (NYSE: DE - News):'We would much rather own John Deere ... That's the only game in town.'Mosaic (NYSE: MOS - News)Incyte (NasdaqGM: INCY): 'Yeah, I mean, look, it's a spec ... It's doing fine. It's 50 cents off its high. I'm not backing away from that one. I like that.'Reliance Steel (NYSE: RS - News): 'I had been tempted - because we'd been up about 25 points from recommending RS - I was tempted to say ring the register, take profit. No. There's still too much opportunity. RS remains on my buy list.'Allegheny Technologies (NYSE: ATI - News):"The steels are still going higher."Yamana Gold (NYSE: AUY - News): 'We've caught more than a double there.'Kinross Gold (NYSE: KGC - News): ' ... We have started to cotton up to Kinross Gold.'Golden Star Resources (AMEX: GSS - News)
Bearish calls:
Sirius Satellite Radio (NasdaqGS: SIRI): 'I am increasingly nervous that Mel Karmazen ... is not going to get his wish and make that big merger. If he doesn't, that stock stays... maybe even goes lower. Maybe goes to $2. If he does, you make money. So, you're talking about 80 cents down, and $3 up. Why not pull that off? Because the 80 cents down could out first. Don't buy, don't buy ... I fear that one of those companies will go out of business.'Capital One Financial (NYSE: COF - News): 'This is very hard ... COF has mortgage problems. And while the mortgage market's gotten better, that acquisition they made of Greenpoint and North Fork - it's not working for them. So I have to tell you - sell, sell, sell!'Daktronics (NasdaqGS: DAKT): 'I want you - even down here - to sell it. Sell, sell, sell! And, I've got tell you something, it's a bit of a trainwreck when it comes to forecasting, and I'm very negative on that.'VeraSun Energy (NYSE: VSE - News): 'Ix-nay on the ethanol! 'Dendreon (NasdaqGM: DNDN): 'I think a lot of the upside is already in ... I think it's gotten too expensive. I don't think there's any more upside, even with the final approval.'US Gold (AMEX: UXG - News): 'No, no. We've anointed our gold, and we're not going to deviate.'
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Breaking Up is Good to Do: Heinz (NYSE: HNZ - News), Cadbury Schweppes (NYSE: CSG - News), American Standard (NYSE: ASD - News), Clorox (NYSE: CLX - News), ConAgra Foods (NYSE: CAG - News)
Cramer remarks "catalyst shareholder" Nelson Peltz has given valuable advice to HNZ and CSG and on March 15, CSG announced it is breaking up. He comments such a move has been good for other companies such as ASD, and discusses two other companies which could make "a cool 25% on your investment" with a split. He notes private equity firms are looking even at "tired old brands," and thinks Clorox's brand combination "makes no sense whatsoever." In addition, Cramer comments that keeping Conagra's problematic mixture of brands is like making a sandwich out of too many ingredients, and since both companies are in "the sweet spot of value creation" they could successfully spin-off their brands or sell them to private equity firms. Even if CLX and CAG don't split up, they have little downside, are cheap and good stocks to own in an ecomonic downturn, said Cramer.
Benefit of the Doubt: Jim Sinegal, the CEO of Costco (NasdaqGS: COST) and Lawrence Montgomery, CEO of Kohl's (NYSE: KSS - News)Continuing his series on CEOs who deserve the benefit of the doubt, Cramer thinks investors should have faith in Costco's Jim Sinegal, in spite of the stock's decline following the implementation of a stricter return policy. He says although COST may not be finished going down, he would trust Sinegal. Cramer added it is "ludicrous" that Wall Street does not trust Lawrence Montgomery of KSS, since the stores offer quality merchandise at fair prices. While he does not strongly recommend the stock at $75.75, Cramer says to buy KSS once it dips.
Mad Mail: Sirius Satellite Radio (NasdaqGS: SIRI), XM Satellite Radio (NasdaqGS: XMSR), Take-Two Interactive (NasdaqGS: TTWO)
Cramer predicts SIRI will rise to $5 if it merges with XMSR, but if not, it would drop from $3।26 to $1 or $2 and XMSR would be "wiped out." TTWO's numbers are nonexistent, said Cramer who liked the stock but would not buy it, because without a deal, it will go lower.
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Labels: ASD, CAG, CL, COST, CSG, HNZ, Jim Cramer, KSS, Mad Money, SIRI, TTWO, XMSR

"Pipeline Play": Biosite (NasdaqGS: BSTE)Cramer wanted viewers to take a look at Biosite which will be in demand if the Democrats "storm the winter palace" in November, because the money will go out of Big Pharma into "small, diagnostic plays." He likes the fact that Biotech is new and not yet played out, and comments that this producer of diagnostic tests keeps reinvesting money into new products. Cramer added Biosite is "sitting on top of a new product cycle," and should see an upside as well as more analyst coverage. He also predicts a short squeeze which should bring the stock up, and notes the company implemented a 12% buyback of its stock, and Fidelity is increasing its stake in the company from 12% to 15%. Cramer likes Biosite as a "pipeline story" and thinks the shorts are going to be sorry.Here Comes the Sun Microsystems (NasdaqGS: SUNW)Cramer declares that SUNW, a stock he has "hated for a very long time," is now an "under -$10 turnaround" because its new management is making serious changes by cutting costs and continuing to improve its sales. However, he cautions against impulse buying, and urges investors to find a good entry point and not to buy before Monday afternoon. Cramer sees upgrade potential, notes that its server business is "en fuego" and its software business is strong. He reminds investors to use limit orders when buying.The Week Ahead: GlobalSantaFe (NYSE: GSF - News), Marvell Technology (NasdaqGS: MRVL), Analog Devices (NYSE: ADI - News), Blockbuster (NYSE: BBI - News), Dynegy (NYSE: DYN - News), Foster Wheeler (NasdaqGS: FWLT), McDermott (NYSE: MDR - News), Charter Communications (NasdaqGM: CHTR), Sprint (NYSE: S - News), Gap (NYSE: GPS - News), Viacom , and VeriFone (NYSE: PAY - News)On Monday, Cramer suggests buying GSF before it reports a "blowout quarter" and would pick up MRVL after its disappointing report. He sees hope for MRVL because ADI indicated the worst is over in the chip inventory cycle. Cramer says investors should sell BBI before Tuesday and buy some back after a selloff, and he would do the same with DYN. He predicts strong earnings for FWLT and MDR, would buy CHTR ahead of its report, and would only pick up Sprint if it has an "incredibly miserable" quarter. Cramer also suggests taking a look at GPS, Viacom and PAY.Mad Mail: Sirius Satellite Radio (NasdaqGS: SIRI) and XM Satellite Radio (NasdaqGS: XMSR)When faced with a potential merger, Cramer says it is better to buy stock in the stronger rather than the weaker company, because even if the deal is off, the better company will rise.

Labels: ADI, BBI, BSTE, CHTR, DYN, FWLT, GPS, GSF, Jim Cramer, Mad Money, MDR, MRVL, PAY, S, SIRI, SUNW, XMS

Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Wal-Mart Stores Inc., up $1.49 at $49.96
The world's biggest retailer reported fourth-quarter profit growth of 9.8 percent, which beat analyst estimates.
Home Depot Inc., down 18 cents at $41.26
The world's largest home improvement store chain reported a 28 percent drop in fourth-quarter profit and a modest 4 percent gain in overall sales, but sales fell at stores open at least a year.
Vulcan Materials Co., down 72 cents at $111.09; Florida Rock Industries Inc., up $19.61 at $66.57
Vulcan said it is acquiring Florida Rock, a construction aggregate maker, for $4.6 billion.
NASDAQ
XM Satellite Radio Holdings Inc., up $1.52 at $15.50; Sirius Satellite Radio Inc., up 28 cents at $3.98
The two satellite radio companies announced a proposed merger of equals on Monday, a move that would help them cut costs.
JetBlue Airways Corp., down 65 cents at $12.91
The discount airline canceled hundreds of flights and stranded some passengers for up to 10 1/2 hours last week due to snow and extreme temperatures.
New River Pharmaceuticals Inc., up $4.91 at $63.26; Shire PLC, up $3.14 at $66.42
British pharmaceutical company Shire is buying the U.S. drug maker for about $2.6 billion.
Published by AP

Labels: FRK, HD, Hot Stocks, JBLU, NRPH, SIRI, VMC, WMT, XMSR

Wall Street turned higher Tuesday as investors contended with conflicting data: declining sales at Home Depot Inc. last quarter and a Federal Reserve governor's encouraging assessment of the housing market.
The world's largest home improvement retailer reported that sales at its stores open more than a year dropped in the fourth quarter, indicating that consumers' appetite for home improvement goods is still dwindling due to the sluggish housing market.
Also adding to worries that Americans aren't buying as much as investors previously thought, Wal-Mart Stores Inc.'s revenue came in below the average analyst forecast.
"We're always fascinated with the consumer, so we're taking their temperature constantly. That has been the driving force behind the economy," said Kim Caughey, equity research analyst at Fort Pitt Capital Group in Pittsburgh.
But comments from outgoing Fed Governor Susan Bies, who said the country may be seeing a bottom in slumping demand for housing, lifted stocks. Worries that the downturn in housing will drag down the rest of the economy have plagued stocks even as they've climbed to new highs in recent sessions.
There was some initial excitement in the market over the deal between XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. But investors grew wary as they looked more closely at the details of the deal -- whether the satellite radio merger is giving XM shareholder's stock a high enough premium, and whether the deal will actually happen, given the regulatory obstacles the companies must overcome.
In late morning trading, the Dow was up 6.57, or 0.05 percent, at 12,774.14, recovering from an earlier loss. Despite its choppy start, the Dow reached a new trading high of 12,780.15 after rising more than 200 points over the past four trading sessions. Markets were closed Monday for Presidents Day.
Broader stock indicators also turned higher. The Standard & Poor's 500 index was up 2.27, or 0.16 percent, at 1,457.81, and the Nasdaq composite index was up 9.09, or 0.36 percent, at 2,505.40.
Published by AP

Labels: HD, Hot Stocks, SIRI, WMT, XMSR

Wall Street retreated Tuesday as a huge decline in Home Depot Inc.'s profit last quarter offset excitement over the deal between XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc.
The world's largest home improvement store chain reported a 28 percent drop in fourth-quarter earnings, indicating that the home improvement industry is still being dragged down by the sluggish housing market.
The wider retail sector still looked healthy after Wal-Mart Stores Inc.'s financial results came in better than expected, but those results and the buzz over new takeover activity weren't enough to keep stocks afloat Tuesday, as investors took some profits after the Dow Jones industrials' record-breaking run last week.
Investors were also pressured to sell after a plunge in energy prices, weak earnings results from wireless phone company Alltel Corp., and worries over the repercussions of last week's peanut butter recall by ConAgra Foods Inc. and the spate of cancelled flights by JetBlue Airways Corp.
In midmorning trading, the Dow fell 42.62, or 0.33 percent, to 12,724.95, pulling back after rising more than 200 points over the past four trading sessions. Markets were closed Monday for Presidents Day.
Broader stock indicators also fell. The Standard & Poor's 500 index was down 4.80, or 0.33 percent, at 1,450.74, and the Nasdaq composite index was down 11.71, or 0.47 percent, to 2,484.60.
Bonds fell, with the yield on the benchmark 10-year Treasury note rising to 4.70 percent from 4.69 percent late Friday, even after the Federal Reserve Bank of Chicago reported in its index of business activity that economic growth in the region was below average in January.
The dollar rose against other major currencies, while gold prices fell.
Oil prices tumbled $1.49 to $57.90 on the New York Mercantile Exchange after the Iranian president said his country would stop enriching uranium and return to negotiations, but only if Western nations do so, too.
Home Depot fell 30 cents to $41.14 after reporting earnings that fell short of analysts' expectations.
Wal-Mart rose $1.28, or 2.6 percent, to $49.76 after issuing its financial results, which showed fourth-quarter profit growth of 8.8 percent, better than analysts expected, and an upbeat forecast for 2007.
XM Satellite rose $1.39, or 10 percent, to $15.35, and Sirius Satellite rose 24 cents, or 6.4 percent, to $3.94, after their announced merger of equals. The deal still faces significant obstacles from the Federal Communications Commission.
In addition to the merger between XM Satellite and Sirius announced Sunday, British pharmaceutical company Shire PLC is buying U.S. drug maker New River Pharmaceuticals Inc. for about $2.6 billion, and that Vulcan Materials Co. is buying construction aggregate maker Florida Rock Industries Inc. for $4.6 billion.
Vulcan Materials Co. fell 60 cents to $111.21, while Florida Rock Industries Inc. soared $19.64, or 42 percent, to $66.58.
Shire's proposed buy of New River caused the U.S. drug marker's stock to surge $5.21, or 8.9 percent, to $63.56. U.S. shares of Shire rose $1.92, or 3 percent, to $65.20.
Declining issues outnumbered advancers by about 2 to 1 on the New York Stock Exchange, where volume came to 262.53 million shares.
The Russell 2000 index of smaller companies fell 4.76, or 0.58 percent, to 813.39.
Overseas, Japan's Nikkei stock average fell 0.01 percent. In afternoon trading, Britain's FTSE 100 was down 0.52 percent, Germany's DAX index was down 0.47 percent, and France's CAC-40 was down 0.72 percent.
Published by Madlen Read, AP Business Writer

Labels: AT, CAG, FRK, HD, JBLU, NRPH, SIRI, VMC, WMT, XMSR

Bullish calls:
Nymex Holdings (NYSE: NMX - News): 'This stock does nothing but go up. ... Stick with it.'Grainger (NYSE: GWW - News)Wesco (NYSE: WCC - News): 'Did you see the explosion in that stock this week off the quarter? ... Still very, very cheap. I am recommending it heartily.'Chevron (NYSE: CVX - News): 'Holy cow! ... I look for the dividend to go up. I look for another buyback. I think you should back up the truck. That's my favorite integrated oil.'Devon Energy (NYSE: DVN - News)Amgen (NasdaqGS: AMGN)Genentech (NYSE: DNA - News)Celgene (NasdaqGS: CELG)Hewlett-Packard (NYSE: HPQ - News): ' ... is not just a PC assembler ... this is a technology company, run by Mark Hurd, who I think is the best. ... I need you to load up the boat, Hewlett-Pacakrd, that's best in show.'Valero Energy (NYSE: VLO - News): 'Not bad. ... it's a cheap stock ... 'Archer Daniels Midland (NYSE: ADM - News): 'If I want to refine these days, I'm gonna refine soybean or corn. I'm buying Archer Daniels Midland.'Amor Holdings (NYSE: AH - News)General Dynamics (NYSE: GD - News)L-3 Communications (NYSE: LLL - News)
Bearish calls:
1-800-Flowers.com (NasdaqGS: FLWS): 'It doesn't deserve to be owned. We're ixnaying.'Sirius Satellite Radio (NasdaqGS: SIRI): 'You know that stock ain't going anywhere. ... I want you to sell it nine ways to Super Bowl Sunday. 'Medarex (NasdaqGM: MEDX): 'This is precisely what I'm railing against at this juncture.'Illumina (NasdaqGM: ILMN): 'Not a good quarter. Expenses are going to rise. ... I need you out of that stock, and I want you to sell it right now.'Force Protection (NasdaqCM: FRPT): 'I think you need to go with the majors here.'
Published by SeekingAlpha

Labels: ADM, AH, CELG, CVX, DNA, DVN, FLWS, FRPT, GD, GWW, HPQ, ILMN, Jim Cramer, LLL, Mad Money, MEDX, NMX, SIRI, VLO, WCC

Bullish calls:
Apple (NASDAQ: AAPL - News): 'Even on a little teeny-weeny pullback, because they're my stocks of the year, they're still worth buying.'Disney (NYSE: DIS - News)McDonald's (NYSE: MCD - News)Omniture (NASDAQ: OMTR - News): 'Yes, Piper Jaffrey had the audacity to take a stock, that I think is the future of the internet, and take it to a sell, sell, sell. I'm doing a buy, buy, buy. You cannot look at the web, and know what people are looking at, without OMTR software.'Melco PBL Entertainment (NASDAQ: MPEL - News): 'People are leaving the table. They think Macau is played out ... but I think that MPEL is cheap. I want to buy it. I would play going into another position.'Sears Holdings (NASDAQ: SHLD - News): 'You're talking about heresy, if you're thinking about selling that one. That's my friend, Eddie Lampert, that is running the store there. And I believe that this stock is marking time after a phenomenal run - 35% year over year ... I do not condone selling the stock. Stay long SHLD.'
Bearish calls:
New York Community Bancorp (NYSE: NYB - News): 'It is a good merger candidate... but you can't speculate on a company for a takeover, if the fundamentals are deteriorating ... it is the kind of company that actually does badly when you hear about this thing called the inverted yield, where the interest rates you get on cash are pretty much the same as for what they lend money out ... you have to be able to weather the possibility of a big decline in earnings at NYB ... it's most certainly a 'don't buy, don't buy.'Sirius Satellite Radio (NASDAQ: SIRI - News): 'I befriended Mel Karmazen [SIRI's CEO], and I am giving myself 30 lashes right now ... because I cost people. That stock went from $4 to $3.70, because he did not make his projections. Without a takeover, Mel Karmazen is not going to make you a lot of money... Stay away, unless he's going to merge, and you will know when he wants to merge. 'Charter Communications (NASDAQ: CHTR - News): 'People are buying CHTR - they believe the first thing that Time Warner will do is buy CHTR. If they buy CHTR, I can tell you, it will be at this (current) price. I reiterate ka-ching, ka-ching, ka-ching (i.e., sell).'Conexant Systems (NASDAQ: CNXT - News): 'I am concerned about CNXT's balance sheet, which is why I aggressively recommended sell, sell, sell, slightly higher - actually 80 cents - from here.'U.S Global Investment (NASDAQ: GROW - News): ' It's delivered a 250% return. ...hogs get slaughtered. Let's take a little off the table, and let the rest ride.'

Labels: AAPL, CHTR, CNXT, DIS, GROW, Jim Cramer, Lightning Round, Mad Money, MCD, MPEL, NYB, OMTR, SHLD, SIRI

Movin' on Up: Dolby (NYSE: DLB - News), Mastercard (NYSE: MA - News)
Cramer says that Dolby is still a buy even though it has risen substantially in the past month, and the stock reminds him of Mastercard which has kept going up. He comments that Dolby did not raise its estimates high enough and that it should fetch $1 per share in 2007. Dolby is "a great play on the flat-panel TV upgrade cycle, "and is starting to produce gaming consoles, notes Cramer who also likes that fact that 79% of its revenue comes from licensing which has big margins which should increase as it pursues the video market.
Trading Truce: eBay (NASDAQ: EBAY - News), Google (NASDAQ: GOOG - News), Yahoo (NASDAQ: YHOO - News), Baidu (NASDAQ: BIDU - News)
Although Cramer has been picking on eBay all summer, he finally declares that at $31.30 "it has become the ultima