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Jim Cramer's Stop Trading Dec. 6th
2007-12-07 16:47:00
Fannie Mae (FNM), Freddie Mac (FRE)While many criticize the government's strategy for dealing with the mortgage crisis and call it a "bailout," Cram er commented, "I'm tired of hearing that this is a bailout. Who cares? I'm about the money." While he believes a recovery is imminent and "there isn't going to be a collapse" he would stay away from companies with subprime exposure because there is a lot of money bet against them. Rather than spending time pointing fingers, Cramer thinks it is time to acknowledge the responsibility for the current crisis is shared by the market, the government and the homeowners; "I don't care who did bad. I don't want Fannie Mae (FNM) insolvent!"Concerning Fannie Mae and Freddie Mac, Cramer said, "They're totally insolvent! Give me a break. They're completely and utterly insolvent. Its just we're not allowed to say it. ... The only reason I mention those two ... is that those two are less likely to go after me." He identified fear of liability ...
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Jim Cramer's Mad Money Lightning Round Dec. 6th
2007-12-07 16:14:00
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...
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Jim Cramer's Mad Money Stock Recap Dec. 6th
2007-12-07 13:19:00
Shaw Group (SGR), ABB (ABB)Infrastructure is one of Cramer's favorite bull markets, and nuclear energy, particularly for emerging economies like India and China, is the sweet spot. Cramer's pick in this sector is Shaw Group, which reported a "beautiful quarter" with a 40% increase in revenue and a backlog of projects which is up 57% since last year and is triple the size of the company. Cramer prefers Shaw to ABB and added, "Given its diminutive size, I would be shocked if it was independent a year from now. But anyhow we like this one for the long haul."Good as Gold: Yamana (AUY) Barrick (ABX)Cramer reiterated his two favorite gold picks, Barrick and Yamana, as insurance against inflation. He stressed these are stocks to hold onto and should not be sold if one doesn't see immediate results. He noted AUY has a large mine in China, and ABX succeeds finding and producing more gold when other companies in the sector have stalled.Sell Block: Peabody Energy (BTU), Massey Energy (MEE),...
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FINISAR CORP (FNSR) Shares Jump 17 Percent
2007-12-07 03:27:00
Shares of Finisar Corp. jumped more than 17 percent Thursday after the high-speed fiber optic equipment maker published its delayed second quarter results, and bargain hunters capitalized on a recent pullback in share price.For the quarter ended Oct. 28, the company on Wednesday recorded a loss of $9.8 million or 3 cents a share, compared with a net loss of $30.3 million or 10 cents per share, in the second quarter of the previous year. Excluding extraordinary items, the company posted a profit of a penny per share.Revenue fell 6.9 percent to $100.7 million.Analysts, on average, expected earnings of a penny per share on revenue of $104 million.
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Home Foreclosures Hit Record High
2007-12-07 00:58:00
Home foreclosures shot up to an all-time high in the third quarter, fresh evidence of the problems afflicting distressed homeowners amid the housing meltdown.The Mortgage Bankers Association in its quarterly snapshot of the mortgage market released Thursday said that the percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period. That surpassed the previous high of 0.65 percent set in the prior quarter.More homeowners also fell behind on their monthly payments.The delinquency rate for all mortgages climbed to 5.59 percent in the third quarter. That was up from 5.12 percent in the second quarter and was the highest since 1986, the association said. Payments are considered delinquent if they are 30 or more days past due.
More About: Foreclosures , Home , High , Record , Cord

Stock Market Wrapup Dec. 6th
2007-12-07 00:42:00
Stocks stormed higher on the day, brushing aside mixed retail sales reports in anticipation of a Federal Reserve rate cut next week. The Dow added 175 points on the day to end at 13,620. Meanwhile, the Nasdaq was up 1.6% to close at 2,709, and the S&P finished up 1.5% at 1,507. Light, sweet crude prices climbed higher on the day with oil settling at $90.23 a barrel for January delivery. Treasury prices fell, while gold prices gained to close at $807.10 an ounce. The dollar gained against the yen, but declined versus the euro.In economic news, a report from the Labor Department showed the number of jobless claims dropping last week, as Wall Street prepares for the department's monthly labor report tomorrow. According to the report, the number of claims for unemployment benefits fell last week by 15,000 to a total of 338,000. It was the largest decline in three months.On the earnings front, shares of Toll Brothers (NYSE: TOL - News) soared 13.0% despite reporting its first quarte...
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Hot Stocks to Watch Friday
2007-12-06 23:44:00
Here are 7 stocks for traders for Friday from TradingMarkets.com:National Semiconductor (NYSE:NSM - News) beat earnings expectations, announcing $0.33 EPS over a consensus of $0.31 EPS. NSM's PowerRating (for Traders) is 4.Cascade (NYSE:CAE - News) missed earnings on Thursday afternoon, reporting $1.00 EPS versus $1.08 EPS. CAE's PowerRating (for Traders) is 3.Herley Industries (NasdaqGM:HRLY - News) also missed expectations, announcing $0.14 EPS versus $0.18 EPS. HRLY does not have a PowerRating (for Traders) due to volume constraints.Kellwood (NYSE:KWD - News) reports earnings on Friday morning before the market opens, with traders looking for $0.14 EPS. KWD's PowerRating (for Traders) is 4.American International Group (NYSE:AIG - News) rallied over 4% on Thursday, after a Goldman Sachs announcement that potential housing market losses are "manageable." AIG's PowerRating (for Traders) is 4.Analogic (NasdaqGS:ALOG - News) rallied 15% on Thursday, after announcing earnings of $0...
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Delta Financial Corp. (DFC) Files for Bankruptcy Protection
2007-12-06 17:48:00
Delta Financial Corp (NasdaqGM:DFC - News), a Long Island-based mortgage lender, said on Thursday it plans to file soon for bankruptcy protection, after losses mounted and an agreement to obtain new financing fell apart.The Woodbury, New York, company also said it intends to stop taking mortgage applications, and it does not believe it can continue as a going concern.Delta said its warehouse lenders have notified it of events of default under its financing agreements.As a result, it expects to abandon plans to raise $100 million by selling senior notes and common stock to an affiliate of Angelo, Gordon & Co., one of its largest shareholders. That transaction would have given Angelo Gordon a majority stake.
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Hot Stocks to Watch Thursday
2007-12-06 16:47:00
Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.BullishLaps 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.Ctrip.com (NasdaqGS:CTRP - News). CTRP's PowerRating (for Traders) is 4.5+ 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 tr...
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Toll Brothers Inc. (TOL) Reports an $80m+ Loss!
2007-12-06 15:43:00
Toll Brothers Inc., the nation's largest builder of luxury homes, said Thursday it swung to a loss for its fourth fiscal quarter during what the company calls the worst housing downturn in decades. It is the first quarterly loss recorded by the company in 21 years.The Horsham-based builder reported a net loss of $81.8 million, or 52 cents per share, for the three months ending Oct. 31, compared with a net income of $173.8 million, or $1.07 per share, a year ago. The loss included $314.9 million in pretax writedowns, mainly for homes it could no longer sell at a profit. In the fourth quarter of 2006, pretax writedowns totaled $115 million.Without the writedowns, Toll Brothers would have posted fourth-quarter earnings of 72 cents per share, less than half the $1.49 per share profit that was posted during the same quarter a year earlier. Analysts polled by Thomson Financial expected a loss of 77 cents per share. The predictions typically exclude one time charges or writedowns.
More About: Loss , Toll

Jim Cramer's Mad Money Lightning Round Dec. 5th
2007-12-06 15:18:00
Bullish calls:CVS Caremark (CVS): 'I think it's unbelievably strong ... you should get in right here. ... CVS remains one of my favorite stocks in this environment.'), Hewlett-Packard (HPQ): 'That was a monster-good quarter. That was an All-Aboard quarter. ... That company is smoking. ... It's not done. I wanna own Hewlett-Packard ... and so should you.' Monster Worldwide (MNST): 'I thought that the new management team would turn things around ... Monster, I still think, is being set up to be bought.' St. Jude Medical (STJ): 'If you want to be in that cohort, it's gotta be S-T-J.' Freeport-McMoran (FCX): 'I'm willing to have you in Freeport (FCX - Cramer's Take - Stockpickr - Rating), cause that's copper and gold.' Transocean (RIG): 'This is a great opportunity. ... In the last three days ... Transocean went from $138 to $127 because they did financing.' Schlumberger (SLB) Raytheon (RTN) Wolverine World Wide (WWW) Nike (NKE) Vimpel Communications (VIP) Shaw Group (...
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Jim Cramer's Mad Money Stock Recap Dec. 5th
2007-12-06 14:13:00
Freeport-McMoRan (FCX)With rising global demand for raw materials, the mining sector will be on fire for the long-term, and Cramer's favorite pick is FCX. Demand for copper is increasing, supplies dwindle, and since FCX is a leader in copper mining, it should be the chief beneficiary. In addition, FCX has an "unbelievably great" buyback. While there is a lot of consolidation in the sector, Cramer says FCX is doing fine on its own.Hudson City Bancorp (HBCK), Wells Fargo (WFC)While Cramer feels confident there will be a rate cut and recommends owning a bank stock, he cautions investors to look for a more stable financial in case the Fed surprises him. Cramer praised HBCK's common sense business model: "It takes deposits; it lends to good, hard-working people who then pay the loans back." HBCK is careful about choosing its borrowers, has fewer non-performing loans than relatively stable bank WFC and is rewarded with loyal customers because it doesn't slap on outrageous fees.CEO Inte...
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Stock Market Wrapup Dec. 5th
2007-12-06 03:46:00
Stocks rallied after two-consecutive down days, fueled by strong economic data and anticipation that the Fed will again cut rates when it meets next week. The Dow ended the day up 196 points to close at 13,445. Meanwhile, the Nasdaq was up 1.8% at the bell to end at 2,666, and the S&P posted a 1.5% gain to close at 1,485. Oil prices finished lower in trading with light, sweet crude settling at $87.49 for January delivery. Treasury prices eased, and gold prices fell to $803.70 an ounce. The dollar was up against the euro and the yen.On the economic front, a report by ADP Employer Services showed that the private sector added 189,000 jobs in November. Forecasts were calling for a gain of 50,000 jobs. A separate report from the Labor Department showed worker productivity grew at an annual rate of 6.3% in the third quarter, far better than anticipated and representing the fastest growth in four years. A third report showed a reading of the ISM services index fell to 54.1 in November...
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Hot Stocks to Watch Thursday
2007-12-06 00:57:00
Here are 7 stocks for traders for Thursday from TradingMarkets.com:Casey's General Store (NasdaqGS:CASY - News) beat expectations on Wednesday afternoon with $0.55 EPS over $0.46 EPS. CASY's PowerRating (for Traders) is 6.Comtech Telecom (NasdaqGS:CMTL - News) beat earnings expectations on Wednesday after the bell, announcing $0.54 EPS over an expected $0.49 EPS. CMTL's PowerRating (for Traders) is 5.Analogic (NasdaqGS:ALOG - News) reports earnings on Thursday morning before the bell, with traders looking for $0.40 EPS. ALOG's PowerRating (for Traders) is 4.CDC Corporation (NasdaqGM:CHINA - News) announces quarterly earnings Thursday morning; watch for $0.09 EPS. CHINA's PowerRating (for Traders) is 4.Flow (NasdaqGM:FLOW - News) is looking to announce $0.08 EPS on Thursday before the market opens. FLOW's PowerRating (for Traders) is 2.Toll Brothers (NYSE:TOL - News) should announce -$0.77 EPS on Thursday morning. TOL's PowerRating (for Traders) is 4.Toro (NYSE:TTC - News) is ...
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Bush to Freeze Mortgage Rates
2007-12-05 22:30:00
The Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring tide of foreclosures, congressional aides said Wednesday.These aides, who spoke on condition of anonymity because the details have not yet been released, said the five-year moratorium represented a compromise between desires by banking regulators for a longer time frame of as much as seven years and industry arguments that the freeze should only last one to two years.
More About: President Bush , Bush administration , Mortgage , Freeze

New York Subpoenas the Big Boys on Mortgage Inquiries
2007-12-05 21:31:00
New York state prosecutors have sent subpoenas to Wall Street firms seeking information related to the packaging and selling of debt tied to high-risk mortgages, a person familiar with the matter said on Wednesday.The subpoenas, sent by the office of New York Attorney General Andrew Cuomo, requested information from a number of Wall Street firms.The Wall Street Journal on Wednesday reported that Merrill Lynch & Co (NYSE:MER - News), Bear Stearns Cos (NYSE:BSC - News) and Deutsche Bank AG (XETRA:DBKGN.DE - News) received subpoenas, citing unnamed sources.
More About: New York , Mortgage , Subpoenas , Boys

Jim Cramer's Wall Street Confidential Dec. 4th
2007-12-05 21:03:00
Cramer regards news of Nokia's concern about falling cell phone prices as a "classic buying opportunity," since "people want to have what looks good. Whoever has the hottest phone gets good orders, and I can tell you that Nokia has the hot phones." He thinks of Nokia's cell phones as a fashion statement like Apple's iPod and Garmin's products. Since the news was released at the end of the day, analysts have not yet had time to react, and Cramer would wait until analysts comment before buying. Cramer thinks the sum of Motorola's parts is worth more than the whole, and commented he has seen Carl Icahn get involved in similar situations with positive results. "I'm with Icahn. I would just go buy the stock."
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Jim Cramer's Mad Money Lightning Round Dec. 4th
2007-12-05 19:15:00
Bullish calls:Walt Disney (DIS): 'Again, I don't play for DIS, but I'm certainly not going to blast it. I think it's a good company.' Brookfield Asset Management (BAM): 'They've got terrific, terrific management ? BAM will come back!' Hewlett-Packard (HPQ): 'HPQ has the business model and the leverage!' SunPower (SPWR) First Solar (FSLR) Johnson Controls (JCI): 'There was a man who just downgraded it ? He's taken a very short-term approach. JCI has an unbelievably good business in climate control and, when autos come back, that stock's going to roar.' J. Crew (JCG) Costco (COST)Bearish calls:Wolseley (WOS): 'I can't endorse that company. Those companies are all doing badly.' Lowe's (LOW): 'I don't even recommend Lowe's anymore on this show.' Fannie Mae (FNM): 'It's just too hard to value right now...They just cut the dividend. Guys are going to sell it. I'm not there...' Automatic Data Processing (ADP): 'No. It's just a flatlined name. You need a stronger...
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Jim Cramer's Mad Money Stock Recap Dec. 4th
2007-12-05 18:47:00
General Dynamics (GD), Alliant Techsystems (ATK), L-3 communications (LLL), Raytheon (RTN), Lockheed Martin (LMT) Northrop Grumman (NOC)Faced with the prospect of an economic slowdown, investors should look to defense stocks which "are the darlings of Wall Street?regardless of how the economy is doing." Political considerations won't affect the stocks, since Republicans like to spend on defense and Democrats want to look strong. Cramer concentrated on RTN since his prior recommendations, GD, ATK, LLL, LMT and NOC have all gone up. Cramer thinks RTN can easily beat its lukewarm guidance and notes the company's "fabulous" buyback and international growth.ConcoPhillips (COP)The oils have crept down on news of new taxes for oil companies and are low at least compared to rising crude costs. Cramer would use any dip as a buying opportunity for a long-term investment because "there's a simple case for oil ? We're running out of it." He prefers COP because it is inexpensive, sells natur...
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Hot Stocks to Watch Wednesday
2007-12-05 18:14:00
Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.BullishLaps 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.Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.BullishLaps 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. Hi...
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Jim Cramer's Stop Trading Dec. 4th
2007-12-05 12:26:00
J. Crew (JCG) was the only stock pick Cram er offered on CNBC's "Stop Trading !" segment Tuesday, but its quarter was so good that Cramer had CEO Mickey Drexler sign a conference call transcript as a keepsake."The guy's my hero," Cramer said, explaining his fanaticism. "It was a great quarter."During the remainder of the segment, Cramer discussed the continuing liquidity crisis.The matter comes down to CEO confidence, Cramer believes. "If they have liquidity... why are the cancellations so great? ... People are talking about 30%" of loans ending in foreclosure, Cramer said.No one knows how bad things are, he said. "We can't loan to this level of value, and we can't get appraisal," he said. "In the Toll Brothers (TOL) call, [CEO Robert Toll said] at this time next year we'll be worrying more about the election than we will about housing prices."The market is "not priced out, but mortgaged out," Cramer stressed. "That's a confidence issue.""When you want a home, it's very hard fo...
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AutoZone Inc. (AZO) Stock Surges on Earnings
2007-12-05 04:54:00
Shares of auto parts retailer Auto Zone Inc. soared Tuesday, driven by fiscal first-quarter results that beat Wall Street predictions.In heavy afternoon trading, AutoZone shares rose $20.93, or 19.4 percent, to $128.80. Over the past 52 weeks, AutoZone shares have traded between $103.40 and $140.29.AutoZone said before the market opened that its fiscal first-quarter profit rose 7 percent on an increase in sales, particularly of parts with high profit margins.The company posted a profit of $2.02 per share on $1.46 billion in revenue, beating average analyst estimates of a profit of $1.91 per share and $1.44 billion in revenue.Wachovia's Peter Benedict reiterated his "Outperform" rating for AutoZone, saying that the "fiscal first quarter results provided evidence of improved underlying demand, renewed commercial momentum and continued shareholder friendly capital allocation trends."
More About: Stock , Earnings , Earning , Urge

Hot Stocks to Watch Wednesday
2007-12-05 03:46:00
Here's 7 stocks for traders for Wednesday from TradingMarkets.com:Blyth Industries (NYSE:BTH - News) reports earnings on Wednesday before the bell, with traders looking for $0.12 EPS. BTH's PowerRating (for Traders) is 5.DSW (NYSE:DSW - News) should report $0.34 EPS on Wednesday morning before the market opens. DSW's PowerRating (for Traders) si 5.Casey's General (NasdaqGS:CASY - News) is expected to announce $0.46 EPS on Wednesday after the market closes. CASY's PowerRating (for Traders) is 6.Comtech Telecom (NasdaqGS:CMTL - News) reports quarterly results on Wednesday afternoon after the bell. CMTL's PowerRating (for Traders) is 5.Anaylsts are watching for Casella Waste (NasdaqGS:CWST - News) to report $0.04 EPS on Wednesday after the market closes. CWST's PowerRating (for Traders) is 7.Greif Brothers (NYSE:GEF - News) is looking for $0.97 EPS tomorrow afternoon. GEF's PowerRating (for Traders) is 5.When Novell (NasdaqGS:NOVL - News) reports results on Wednesday afternoon,...
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Stock Market Wrapup Dec. 4th
2007-12-05 00:49:00
Stocks slid for the second-straight session as investors remain cautious prior to next week's Federal Reserve meeting. The Dow was off -66 points on the day to close at 13,249. Meanwhile, the Nasdaq and S&P both closed lower to end at 2,620 and 1,463, respectively. Oil prices were down in trading with light, sweet crude settling at $88.32 per barrel. Treasury prices dipped on the day, while gold prices rose to settle at $807.60 an ounce for February delivery. The dollar declined against the euro and the yen.On the earnings front, auto parts marker Autozone (NYSE: AZO - News) posted first-quarter net income of $132.5 million, or $2.02 per share, up 7% from $123.9 million, or $1.73 per share, last year. Quarterly revenue climbed to $1.46 billion, up 5% from $1.39 billion a year earlier. On average, analysts were looking for a profit of $1.91 per share on $1.44 billion in revenue. Autozone's stock was up 19.4% at the bell.In corporate news, juice maker Jamba (Nasdaq: JMBA - News)...
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Solarfun Power Holdings Co. Ltd. (SOLF) Stock Surges on Good Energies Inves
2007-12-04 23:58:00
Chinese solar panel maker Solarfun Power Holdings Co. said Tuesday renewable energy investment company Good Energies will raise its stake in the company more than fivefold to 34.7 percent.Good Energies is buying the shares from current shareholders, including 50 percent of the shares held by Solarfun's chairman and chief executive, Yonghua Lu, who will keep a 16.1 percent stake in the company.Good Energies agreed to buy about 66.7 million ordinary shares and 281,011 American Depositary Shares of the company, Solarfun said.
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Fannie Mae (FNM) Cuts Dividend by 30 Percent
2007-12-04 23:06:00
Mortgage finance giant Fannie Mae on Tuesday announced it was cutting its dividend 30 percent and selling $7 billion in special stock to raise additional capital.The government-sponsored company said it was slicing its dividend to 35 cents a share, starting in the first quarter of next year, and issuing $7 billion in preferred stock this month to cushion against losses in lower-quality mortgages.The action follows similar moves recently by Freddie Mac, its smaller government-sponsored rival in the $11 trillion home-mortgage market, which posted a $2 billion loss in the third quarter.
More About: Cuts , Dividend

CMGI Inc. (CMGI) Stock Soars on Earnings
2007-12-04 20:20:00
Shares of CMGI Inc. skyrocketed Tuesday morning after the supply-chain and inventory-management software provider posted a first-quarter profit that widely exceeded Wall Street's expectations.The stock added $2.24, or 21.7 percent, to $12.57 in late-morning trading.On Monday, CMGI reported first-quarter earnings of 18 cents per share while analysts expected 10 cents per share, according to a poll by Thomson Financial.WR Hambrecht analyst Robert Stimson kept his "Buy" rating and $22.50 price target, more than double Monday's closing price of $10.33.
More About: Stock , Earnings , Earning

E*TRADE Financial Corporation (ETFC) Shares Fall on Downgrade
2007-12-04 18:08:00
Shares of E-Trade Financial Corp. fell Tuesday morning after an analyst downgraded the company, saying that despite a recent cash infusion from Citadel Investment Group, the online lender still has considerable exposure to the mortgage market.Shares fell 17 cents, or 4.1 percent, to $3.94 after the opening bell.Garp Research & Securities analyst Seth Dadds downgraded the stock to "Neutral" from "Buy," saying in a client note that Citadel's $2.55 billion cash infusion doesn't "eliminate E-Trade's $12.4 billion second lien (HELOC) mortgage exposure, which we think will continue to pressure the shares."
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Trading Ideas Tuesday
2007-12-04 17:45:00
Here are 7 trading ideas for today. This list comes directly from the Trading Markets Stock Indicators page and is based upon our latest quantitative research.BullishLaps 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.Sterling Bancshares (NasdaqGS:SBIB - News). SBIB's PowerRating (for Traders) is 5.Stocks Down 10% or More: These are stocks that have lost 10% or more over the past five days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that have lost 10% or more over the past five days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provi...
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Research In Motion Ltd. (RIMM) Stock Downgraded
2007-12-04 04:20:00
An analyst downgraded shares of Research in Motion Ltd. Monday, citing a recent run-up in the stock's value and unknown impact the economy will have on a new product line.Morgan Keegan analyst Tavis C. McCourt downgraded the BlackBerry maker to "Market Perform" or "Hold" from "Outperform" or "Buy."While the share price has more than doubled since June 27 when the company posted a 73 percent jump in fiscal first-quarter profit, McCourt said current economic problems may affect sales of the company's 9000 product line and keep shares "range-bound."McCourt also pointed to news from Research in Motion Co-Chief Executive Jim Balsillie that trouble in the financial sector is beginning to cause customer churn, and any layoffs in that sector could harm results. Churn rate is the number or percentage of customers who stopped service in the previous period.On the positive side, the 9000 product line has enormous potential, McCourt said, as evidenced by past BlackBerry performance and the st...
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