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Wednesday, July 16th, 2008 Mexican Economic Development (FMX) -- "Not worried about the stock at all. It is in a good situation. I want to be in it." Transocean (RIG) -- Today they announced a gigantic deal and went down anyway. They are going to blow away the numbers. Buy this one on the way down. At $140 buy 25 shares." Apache (APA) -- Apache is down huge, $7 today. Start buying tomorrow. Natural gas is here to stay." a2a_linkname=”Bullish Calls July 16th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/16/bullish-calls-july-16th-2008/”;
Bearish Calls Monday, July 14th
Tuesday, July 15th, 2008 Encore Wire Corp (WIRE) -- "This is a problematic one. They are buyers of copper. I think copper is going much higher. Don't want to own them. Don't want a link to residential wiring in a housing crisis." Statoil (STO) -- "Decline in North Sea oil; they are running out of oil. We want to be in natural gas. This company is losing oil and will lose you money as a stock. Quest Diagnostics (DGX) -- "I don't like this as much as LH. Swap to that." a2a_linkname=”Bearish Calls Monday, July 14th”;
a2a_linkurl=”http://www.blogastock.com/2008/07/15/bearish-calls-monday-july-14th/”;
Bullish Calls Monday, July 14th
Tuesday, July 15th, 2008 Hercules Offshore (HERO) -- "My hero! Obvious winner if the president gets his way. Hercules is the right way to play it." Airgas (ARG) -- "I really like this stock. Fabulous business! A win!" Laboratory Corp. of America Holding (LH) – "Swap Quest Diagnostics for Laboratory Corp." a2a_linkname=”Bullish Calls Monday, July 14th”;
a2a_linkurl=”http://www.blogastock.com/2008/07/15/bullish-calls-monday-july-14th/”;
Wachovia Had high Hopes
Friday, July 11th, 2008 Wachovia (WB) New CEO Bob Steel Cramer had high praise for Treasury Under-Secretary Bob Steel, who resigned his position to head the ailing Wachovia Bank. Steel knows what he's doing and understands what is needed. He called Steel "one of the great behind the scenes players" and one of the integral players behind the recent JP Morgan Chase and Bear Stearns merger. Cramer said the turn-around of Wachovia will take time, and he still would not be a buyer of the bank at this time. a2a_linkname=”Wachovia Had high Hopes”;
a2a_linkurl=”http://www.blogastock.com/2008/07/11/wachovia-had-high-hopes/”;
Bearish calls July 11th 2008
Friday, July 11th, 2008 * Stillwater Mining (SWC) – "Too aggressive. Don't buy." * Under Armour (UA) – "Extremely negative. Better not to own. I can't stand it." * Salesforce.com (CRM) – "Fabulous CEO but tech is so awful. Stick with it." * United Parcel Service (UPS) – "A fabulous company but cannot own it. Oil out of control." * FedEx (FDX) * Rambus (RMBS) – "Techs are in trouble. Not touching that stock. Don't stick with NVDA, AMD or even CSCO." a2a_linkname=”Bearish calls July 11th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/11/bearish-calls-july-11th-2008/”;
Bullish calls For july 11th 2008
Friday, July 11th, 2008 * Agnico-Eagle Mines (AEM) - "Buy instead of Stillwater Mining (SWC)." * Eaton (ETN) - "Great American manufacturing company. The stock is being thrown away. Buy aggressively" * Oilsands Quest (BQI) - "Still high on the stock but natural gas is back. Stick with this one." * Ferrellgas Partners (FGP) - "Real good. Kind of stock I like. Good dividends; good yield. A winner; stick with it." * Nike (NKE) - "A favorite and down to $55." * Motorola (MOT) – "Don't give up. It is worth much more than $6. Good speculative buy." * CGV Veritas (CGV) – "You gotta buy more. It is unbelievable. It is the only oil service company in the globe at a 52-week low." a2a_linkname=”Bullish calls For july 11th 2008″;
a2a_linkurl=”http://www.blogastock.com/2008/07/11/bullish-calls-for-july-11th-2008/”;
Recap of Jim Cramer’s comments on Stop Trading Wednesday July 9
Thursday, July 10th, 2008 Bank of America (BAC), Fannie Mae (FNM), Freddie Mac (FRE): After a sluggish close of the trading day, Cramer blamed financials and says he is worried about Bank of America. He called on the Presidential candidates to discuss a plan of action in case a major bank fails. While financials affect other sectors, Cramer doesn't think the slowing of this sector should lead one to be bearish on stocks in general, and he looks to safer areas such as healthcare. Cramer doesn't think a dramatic fall in oil will be great for stocks, since a lot of the S&P 500 is levered to oil. He added Fannie Mae and Freddie Mac are "technically insolvent." Cisco (CSCO), Seagate (STX), Oracle (ORCL), CVS (CVS), Rite Aid (RAD): People who thought tech was a safe haven are being disappointed as Cisco and Seagate are down and Oracle is in the House of Pain. Bottom-fishing in tech, says Cramer, is not a good idea. In retail, there are also very few good ideas, but Cramer would look at CVS after a bearish report from Rite Aid; "as Rite-Aid breaks down, CVS is the winner," Cramer said. a2a_linkname=”Recap of Jim Cramer’s comments on Stop Trading Wednesday July 9″;
a2a_linkurl=”http://www.blogastock.com/2008/07/10/recap-of-jim-cramer%e2%80%99s-comments-on-stop-trading-wednesday-july-9/”;
Recession Session With Cramer
Tuesday, July 8th, 2008 Recession Season: Genentech (DNA), Amgen (AMGN), Heinz (HNZ), General Mills (GIS) If Wall Street is a brutal fashion show in which the "styles" change day to day, export-oriented stocks are now out of style and recession season has begun, said Cramer. Earnings expectations are down 11% from last year and Cramer would sell on any gain to buy defensive stocks. He compared the current situation to that of 1990-91 when the S&P 500 dropped 16% because of financials, while biotechs like Genentech and Amgen shone. The rules of what makes a good defensive stock have changed, and food companies, apart from Heinz and General Mills, are not working because of problems with rising raw costs. "If you want to get through the next three months, you need secular growth stocks with pricing power and no problems with raw costs." Genentech (DNA) Cramer says healthcare is the safest place to be right now and his favorite company in the sector is Genentech, which produces a "wonder drug" for cancer Avastin. The treatment can be used for a variety of cancers and a story in the New York Times criticizing the company for producing expensive drugs should create a buying opportunity for DNA. Cramer is not concerned about this negative press, because even in a recession people will pay up for life-saving treatments. Not only is Avastin a good drug, but Cramer also praised DNA's pipeline. He expects the stock to rise from $76 to $88 and even higher. CEO Interview: Larry Lee, RAM Energy (RAME) Natural gas has been hot, perhaps a bit too hot, according to some, but Larry Lee says with oil continuing its rise, natural gas also has a good chance of going higher. Natural gas is the best fuel alternative said Lee, noting the U.S. has a healthy supply of it. Although land speculation in the shale areas may not be a good sign, Lee says the natural gas story is here to stay. Cramer agrees and likes natural gas long term, but would use caution. a2a_linkname=”Recession Session With Cramer”;
a2a_linkurl=”http://www.blogastock.com/2008/07/08/recession-session-with-cramer/”;
Whats Happening On Wall Street 7/01/08
Tuesday, July 1st, 2008 # Warner signs on to Nokia Music. Nokia (NOK), in its continued effort to challenge Apple's (AAPL) iTunes and iPod, added Warner Music (WMG) to its music service. Warner joins Universal and Sony BMG (SNE). "It's the first global initiative to fundamentally align the interests of music companies with telecommunications companies," Warner CEO Edgar Bronfman Jr. said, calling Nokia's music service "a significant step forward in the evolution of digital music." # GE Real Estate (GE) bought $1B of European property loans from Credit Suisse (CS) on the cheap. # Fortune warns. Fortune Brands (FO) lowered its Q2 and full-year EPS guidance due in part to ""weakening consumer sentiment in the U.S., the ongoing correction in the U.S. housing market, and a large and unexpected Australian tax increase on ready-to-drink spirits products." It sees Q2 EPS dropping "at a high-teens-to-mid-20s percentage rate" from last year's $1.51 (vs. a previous drop of "high-single-digit-to-mid-teens"). For the full-year, it sees EPS lower by "high-single-digit-to-high-teens percentage rate" compared to last year's $5.06. Shares fell 3.8% AH. # CIT exits home lending, makes $1.8B cash. CIT Group (CIT) agreed to sell its Home Lending business, consisting of $9.3B in assets and servicing operations, to Lone Star Funds - for $1.5B in cash and the assumption of $4.4B of outstanding debt. CIT also agreed to sell its $470M manufactured housing portfolio to Vanderbilt Mortgage and Finance for $300M. # Thinner profits seen at Dollar Thrifty. Car rental company Dollar Thrifty (DTG) warned it will not achieve its previous 2008 EPS guidance of $1.00-1.50. "Our second quarter was below our expectations... In addition, the balance of the year looks less robust than we had forecasted, given overall economic trends," CEO Gray Paxton said. # Yahoo lobbies shareholders. Yahoo (YHOO) sent a letter to its shareholders. Yahoo said it doubts Microsoft (MSFT) "was ever committed to a whole company acquisition"; that its Google (GOOG) tie-up puts it on the fast track to creating value, more so that would have Microsoft's proposal; and that Carl Icahn's plan is ill-defined and could put the company in jeopardy. # Chunky share repurchase boosts Campbell. Campbell Soup (CPB) gained 4% Monday after its board approved a $1.2B share buyback, and said it sees 2008 EPS at the high-end of previous forecasts. # Chip sales climbed a surprising 12.3% from a year ago in May, and gained 2.5% over April - excluding memory chips. Total sales were up 5.3% from last year and 2.8% sequentially. May is an historically strong month for semiconductor sales. Emerging markets are becoming increasingly important to the industry, SIA president George Scalise says. U.S. PC unit sales now account for just 21% of the global total, down from a recent 31%. U.S. cell phone sales are just 13% of global sales, down from 21%. # Thinning ABS. U.S. asset-backed securities issued during the first half of 2008 were worth just $124B, down from $652B sold a year ago. It's little wonder banks' earnings have plunged. # Flood fallout less than expected. The USDA said farmers will harvest 9% fewer acres of corn than last year due in part to heavy Midwest flooding. The less-pessimistic-than-expected outlook sent corn futures limit down. # The Chicago PMI (Purchasing Managers Index) was 49.6%, just below the 50% expansion/contraction breakeven line - and well ahead of the 48% consensus. # The Dallas Fed said manufacturing activity weakened in June. General business activity sentiment remains pessimistic; manufacturing expectations remain positive. # Manufacturer pessimism in Japan. The Bank of Japan's Tankan index of manufacturer sentiment slid to 5 points in June from 11 in March, its third quarterly decline - a four-year low in confidence among Japan's largest manufacturers; consensus was for an even-worse 3. Profits are expected to drop 7% in the year, vs. a rise of 0.3% predicted 3 months ago. a2a_linkname=”Whats Happening On Wall Street 7/01/08″;
a2a_linkurl=”http://www.blogastock.com/2008/07/01/whats-happening-on-wall-street-70108/”;
Garmen Goes Phone
Sunday, June 29th, 2008 Garmin (GRMN) plans to leap into the mobile phone market during the third quarter of 2008 with the expected release of the Nuvifone. This device is one of a kind because it offers a smartphone combined with turn by turn navigation. I strongly believe this phone will be a huge holiday hit come Christmas time. While Garmin has remained silent on the price of this phone, they have offered some specifics regarding this product. * Full GSM HSDPA Mobile Phone * Turn by Turn Voice Prompted Navigation with Preloaded Maps * Full Internet Web Surfing * Built in Video Camera * 100% Touch Screen - 3.5 inch * Google Local Search * MP3 and MPEG4/AAC video player * Garmin Online Services - Real Time Traffic, Weather, Fuel Prices * Nuvi-like Navigation on the road or Pedestrian Mode * “Where am I?” feature lets users touch the screen at any time to display the exact latitude and longitude coordinates, the nearest address and intersection, and the closest hospitals, police stations and gas stations. The Nuvifone also helps drivers find their car in an unfamiliar spot or crowded parking lot by automatically marking the position in which it was last removed from the vehicle mount. I think the coolest feature of the Nuvifone is the ablity to be talking to someone on the phone while driving and still get turn by turn directions all in one device. As soon as the user is finshied driving, he or she can then undock the phone from the vehicle mount and never miss talking moment! Take a look at the stock price its at a low and its PE is also. Definite long term buy price target of $100.00 plus a2a_linkname=”Garmen Goes Phone”;
a2a_linkurl=”http://www.blogastock.com/2008/06/29/garmen-goes-phone/”;