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Dow +29.88 Nasdaq +21.92 S&P +5.19
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| Higher open seen on oil drop, McDonald`s profit reuters | | 
 | Investors Focus on Jobs`s Health
wsj online | |
 | Stock futures pointed just slightly higher amid flurry of earnings reports from blue-chip giants and further declines in oil prices wsj online | |
| Stock Futures rise as lower oil boosts optimism reuters | |
 | Treasury Notes Drop on Stock Gains, Outlook for Wider US Budget Deficit bloomberg | |
| Nissan`s Ghosn sees no 2009 US auto recovery reuters | |
| Stocks rise as oil`s drop trumps earnings reuters | |
| Canada Stocks Slump as Oil Drops, Led by EnCana, Goldcorp. Banks Advance bloomberg | |
| Oil Falls More Than $3 as Storm May Miss Gulf of Mexico Drilling Regions bloomberg | | | |  | |
|  | Stock Market
Market is a buy on the price of oil and gas and the newfound health of banks - Market driven higher despite poor earnings by drop in oil prices: oil is all that matters and it`s declining - Everyone expected the market to get crushed Tuesday on disappointing earnings from Apple, Texas Instruments, SanDisk, American Express, yet it produced triple-digit gains, and no-one knows why but me; it was the decline in oil and gas prices - Oil headed to $120: the last time oil was at $126 the S&P 500 was 10% higher than today at 1,403, when natural gas was $9, the index was 3.5% higher: therefore the S&P 500 is 6.7% lower on average and will head higher - Consumer companies, like Kimberly-Clark will benefit; exactly the defensive play that big institutional investors like - Gasoline will drop to $3.50 a gallon if oil falls to $120 - Natural gas prices will drop, so Chesapeake Energy is a bargain at $51 - No trading after hours, as everyone loses money
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | |  | Stock Market
In a bear market
Jim Cramer, CNBC
CNBC, Jul 22 2008 | | |  | Stock Market
SEC Chairman Cox single-handedly saved the entire financial sector, by requiring short-sellers to borrow stock before shorting: these stocks have been held down artificially by shorts and rumors, but are being driven up by short covering and kept up by good earnings - Uptick rule should be reinstated for all stocks
Jim Cramer, CNBC
CNBC, Jul 22 2008 | | | | Stock Market
Talk of $80 oil is not necessarily true, but there are definitely ways to play this market as oil goes lower
Joe Terranova, Phoenix Investment Partners
CNBC, Jul 19 2008 | | |  | Stock Market
Market rotating - Fannie Mae and Freddie Mac took an impressive turn and suddenly don`t look quite so bad
Pete Najarian, optionMONSTER.com
CNBC, Jul 19 2008 | | | | Stock Market
At a bottom, but not the bottom so wait for the right time to buy
Jeff Macke, Macke Asset Mgmt
CNBC, Jul 19 2008 | | | | | | |
| | Economy, , Chart
Needs three economic fixes - First the creation of a resolution mortgage trust to bail out financial sector; just a $300 billion bond issue of 2-yr notes would buy all the bad loans at around 70 cents on the dollar - Second, the scrapping of ethanol, i.e. repealing Illinois/Iowa Corn Ethanol Mandate, which converts 30% of US corn crop into just 3% of US energy needs, thereby producing a 50% reduction in food costs - Third, emphasizing natural gas, which is 50% cheaper than oil and the cleanest, safest and most abundant fuel alternative: US has recently discovered huge amounts of natural gas
Jim Cramer, CNBC
CNBC, Jul 17 2008 | | |  | Economy, , Chart
Government should guarantee all debt from Freddie Mac and Fannie Mae and take 20% of both companies in warrants, thereby turning mortgages into the new treasurys; investors would scramble to buy mortgages and sell treasurys, rallying the mortgage market and get liquidity flowing back into the system, lowering mortgage rates, end the decline in housing and convert bank stocks from bear to bull
Jim Cramer, CNBC
CNBC, Jul 12 2008 | | |  | Economy, , Chart
US ethanol mandate is the biggest blunder I can remember: converting 30% of the nation`s corn crop into just 3% of its gasoline needs benefits no one except corn growers, and increases food prices and further promotes global famine
Jim Cramer, CNBC
CNBC, Jun 25 2008 | | | | | | |
| | Interest Rates
Government should guarantee all debt from Freddie Mac and Fannie Mae and take 20% of both companies in warrants, thereby turning mortgages into the new treasurys; investors would scramble to buy mortgages and sell treasurys, rallying the mortgage market and get liquidity flowing back into the system, lowering mortgage rates, end the decline in housing and convert bank stocks from bear to bull
Jim Cramer, CNBC
CNBC, Jul 12 2008 | | | | Interest Rates
Bernanke`s comments this week signal Fed willing to respond to an easing of the downside tail risks to growth and financial stability, central motivation to Fed`s 3.25 percentage point cuts - Expect Fed to raise a quarter-point to 2.25% in September, then a possible second increase by end of Q1 2009: previously expected first rate rise in Q2 2009
Bruce Kasman, J.P. Morgan
MarketWatch, Jun 12 2008 | | | | Interest Rates
Federal mistakenly focusing on inflation and not housing crisis: Bernanke had the same approach during last year`s crises in housing and financial services and caused $500 billion in losses - Better to tackle housing first, then inflation, by scrapping ethanol mandate, which has raised fuel prices and done very little to increase gas supplies - Raising interest rates would severely damage banks and cause a recession, with the loss of homes and jobs for millions of people
Jim Cramer, CNBC
CNBC, Jun 11 2008 | | | | | | |
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Daily Wisdom |
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Be fearful when others are greedy and be greedy when others are fearful - Warren Buffett
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Major Indexes |
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Dow 11632.38
+29.88
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Nasdaq
2325.88
+21.92
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S&P 500
1282.19
+5.19
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| Latest Stock Opinion | | |
| | Google, GOOG, Chart
Attractive trade in light of Yahoo`s weak earnings
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | Annaly Capital Mgmt, NLY, Chart
Sell - Has too much leverage and cannot buy the stock after losing money on it
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | Target, TGT, Chart
Amex has more in common with Target, which has a big credit card business but also has retail to fall back on, unlike Amex, so prefer Target
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | American Express, AXP, Chart
Sell - Amex has more in common with Target, which has a big credit card business but also has retail to fall back on, unlike Amex, so prefer Target
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | Wachovia, WB, Chart
Prefer US Bancorp - American Express miserable quarter has unfairly brought down all banks, so buy banks - No reason to believe bad news at Amex is bad news for JP Morgan: Amex makes money from transaction fees, membership fees, and interest on loans, while banks such as JP Morgan and Wachovia make money from deposits
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | Bank of America, BAC, Chart
Buy - American Express miserable quarter has unfairly brought down all banks, so buy banks - No reason to believe bad news at Amex is bad news for JP Morgan: Amex makes money from transaction fees, membership fees, and interest on loans, while banks such as JP Morgan and Wachovia make money from deposits
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | US Bancorp, USB, Chart
Buy - American Express miserable quarter has unfairly brought down all banks, so buy banks - No reason to believe bad news at Amex is bad news for JP Morgan: Amex makes money from transaction fees, membership fees, and interest on loans, while banks such as JP Morgan and Wachovia make money from deposits
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | JP Morgan, JPM, Chart
Buy - American Express miserable quarter has unfairly brought down all banks, so buy banks - No reason to believe bad news at Amex is bad news for JP Morgan: Amex makes money from transaction fees, membership fees, and interest on loans, while banks such as JP Morgan and Wachovia make money from deposits
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | Tyson Foods, TSN, Chart
Buy
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | Kraft, KFT, Chart
Sell
Jim Cramer, CNBC
CNBC, Jul 23 2008 | | | | | | |
| Latest Earnings | |
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| AT&T reported 30% increase in quarterly net as wireless business continued to gain and from subscriber use of internet and email on phones produced a large surge in data revenue wsj online | |
| Banks Post Losses, Their Stocks Soar
wsj online | |
| Boeing`s Net Declines on Charges
wsj online | |
| ConocoPhillips Profit Soars Absent 2007 Costs for Pullout From Venezuela bloomberg | |
| ConocoPhillips Profit Surges
wsj online | |
| Costco: Inflation to Hit Profit
wsj online | |
| McDonald`s Rides Global Strength
wsj online | |
| Northwest Airlines Has $377 Million Loss on Fuel, Delta Acquisition Costs bloomberg | |
| PepsiCo Lited by International Growth
wsj online | |
| Pfizer Boosetd by Cost-Cutting
wsj online | |
| Pfizer profit doubles, but anti-smoking drug lags reuters | |
| Philip Morris Net Beats Analysts` Estimates on Sales in Indonesia, Mexico bloomberg | |
| Sara Lee CEO Vexed by High Costs
wsj online | |
| Travelers Net Income Slides 25 percent on Payouts for Record Number of Tornadoes bloomberg | |
| Whirlpool Net Beats Estimates on Gain in US Market Share, Latin America bloomberg | |
| Yahoo: Weak Economy Weighs on Yahoo wsj online | | |
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