Tuesday, May 23, 2006
Real Money Blog
Backdating Stabs Tech in the Back
05/23/2006 11:56 AM
In this article, Cramer attributes the weak tech action to the ongoing SEC investigations, concerning option backdating.
Bottom line: "Until these tech companies stop issuing options willy nilly, I have a feeling that they all will be under a cloud..."
Puzzling Out the Infrastructure Plays
05/23/2006 11:10 AM
In this article, Cramer is baffled by the action in the infrastructure stocks. He says, unlike copper, the infrastructure companies are still getting big orders-- worldwide.
Cramer spoke to an analyst that covers FWLT and they both were "amazed" at how badly it acts.
They (Cramer & Analyst) both conclude that FWLT is the cheapest stock in a great group, which includes: MDT, FLR, JEC, HAL, ABB, and URS.
Cramer cites FLR up 5 today. He calls it "nutty."
He exclaims: "All I know is that the fundamentals will matter at a certain point. "
Exercise Sell Option on Backdating Issue
05/23/2006 11:01 AM
In this article, Cramer tells his readers to sell any stock that is being investigated for option backdating.
He believes that once you have a company that may have violated the law against backdating, it becomes poison.
He mentions FFIV, UNH, JNPR, AMT, CMX and KLAC-- all are subject to an SEC investigation involving option backdating.
He refers to his once beloved UNH as an "unmitigated disaster."
Opportunity Knocks Quietly in Chemicals
05/23/2006 10:39 AM
In this article, Cramer starts off in a fury: "What the heck are the chemical stocks doing still going down? Demand is strong. The raw costs are down."
Furthermore, he feels that unless you own GGC, "nothing else is working."
He believes if GGC is right, then so is EMN.
Tech's Four Horsemen Ride in Circles
05/23/2006 10:28 AM
In this article, Cramer highlights the weak action in tech stocks today. He calls the action in INTC, DELL, MSFT and CSCO "embarrassing."
Also, he says EMC, ORCL, AAPL, MRVL and QCOM all don't work.
Aside from tech, Cramer points to the weak action in biotech stocks, such as: AMGN, CELG and CEPH.
He says a citigroup analyst told him a good story about HGSI, but for fear that he would "hurt people all over again," Cramer elected to say nothing to his viewership.
Bottom line: Without leadership in tech "you need to be elsewhere for now."
Copper Losing Its Luster
05/23/2006 10:25 AM
In this article, Cramer tells his readers to sell copper. He believes that once the economy slows it will adversly affect copper stocks.
He exclaims: "So take profits. Trade these. They are strictly trading vehicles, no more than that. And they are losing their luster."
Build Up Oil, Gas Stocks
05/23/2006 10:04 AM
In this article, Cramer suggests going long oil and gas stocks. He says, unlike other commodities, oil was not affected by the recent decline. He believes the Fed is powerless when trying to influence the price of oil.
Also, he believes buying nat gas ahead of the hurricane season is a good idea.
He exclaims: "Wait a second, nat gas was at $5 and I didn't lock in some stocks the way the chemical companies locked in that price? What an idiot I am!"
The Bounce Is Here, So Take Care
05/23/2006 9:58 AM
In this article, Cramer believes the bounce in the markets can last.
He exclaims: "I actually like the oversold bounces from these levels because they tend not to be faded."
Bottom line: If you didn't get in, wait for a pullback. He believes Wednesday is a key tell for the markets.
ETF Hit to Emerging Markets May Swell
05/23/2006 8:50 AM
In this article, Cramer cites massive ETF selling pressure as a major reason why foreign markets are getting rocked.
He exclaims: "I think that this kind of action is going to make these markets much more difficult to invest in because they are so much easier to get into than to get out of."
05/23/2006 11:56 AM
In this article, Cramer attributes the weak tech action to the ongoing SEC investigations, concerning option backdating.
Bottom line: "Until these tech companies stop issuing options willy nilly, I have a feeling that they all will be under a cloud..."
Puzzling Out the Infrastructure Plays
05/23/2006 11:10 AM
In this article, Cramer is baffled by the action in the infrastructure stocks. He says, unlike copper, the infrastructure companies are still getting big orders-- worldwide.
Cramer spoke to an analyst that covers FWLT and they both were "amazed" at how badly it acts.
They (Cramer & Analyst) both conclude that FWLT is the cheapest stock in a great group, which includes: MDT, FLR, JEC, HAL, ABB, and URS.
Cramer cites FLR up 5 today. He calls it "nutty."
He exclaims: "All I know is that the fundamentals will matter at a certain point. "
Exercise Sell Option on Backdating Issue
05/23/2006 11:01 AM
In this article, Cramer tells his readers to sell any stock that is being investigated for option backdating.
He believes that once you have a company that may have violated the law against backdating, it becomes poison.
He mentions FFIV, UNH, JNPR, AMT, CMX and KLAC-- all are subject to an SEC investigation involving option backdating.
He refers to his once beloved UNH as an "unmitigated disaster."
Opportunity Knocks Quietly in Chemicals
05/23/2006 10:39 AM
In this article, Cramer starts off in a fury: "What the heck are the chemical stocks doing still going down? Demand is strong. The raw costs are down."
Furthermore, he feels that unless you own GGC, "nothing else is working."
He believes if GGC is right, then so is EMN.
Tech's Four Horsemen Ride in Circles
05/23/2006 10:28 AM
In this article, Cramer highlights the weak action in tech stocks today. He calls the action in INTC, DELL, MSFT and CSCO "embarrassing."
Also, he says EMC, ORCL, AAPL, MRVL and QCOM all don't work.
Aside from tech, Cramer points to the weak action in biotech stocks, such as: AMGN, CELG and CEPH.
He says a citigroup analyst told him a good story about HGSI, but for fear that he would "hurt people all over again," Cramer elected to say nothing to his viewership.
Bottom line: Without leadership in tech "you need to be elsewhere for now."
Copper Losing Its Luster
05/23/2006 10:25 AM
In this article, Cramer tells his readers to sell copper. He believes that once the economy slows it will adversly affect copper stocks.
He exclaims: "So take profits. Trade these. They are strictly trading vehicles, no more than that. And they are losing their luster."
Build Up Oil, Gas Stocks
05/23/2006 10:04 AM
In this article, Cramer suggests going long oil and gas stocks. He says, unlike other commodities, oil was not affected by the recent decline. He believes the Fed is powerless when trying to influence the price of oil.
Also, he believes buying nat gas ahead of the hurricane season is a good idea.
He exclaims: "Wait a second, nat gas was at $5 and I didn't lock in some stocks the way the chemical companies locked in that price? What an idiot I am!"
The Bounce Is Here, So Take Care
05/23/2006 9:58 AM
In this article, Cramer believes the bounce in the markets can last.
He exclaims: "I actually like the oversold bounces from these levels because they tend not to be faded."
Bottom line: If you didn't get in, wait for a pullback. He believes Wednesday is a key tell for the markets.
ETF Hit to Emerging Markets May Swell
05/23/2006 8:50 AM
In this article, Cramer cites massive ETF selling pressure as a major reason why foreign markets are getting rocked.
He exclaims: "I think that this kind of action is going to make these markets much more difficult to invest in because they are so much easier to get into than to get out of."
