24/7 Wall St.

Tonight on CNBC’s MAD MONEY, Jim Cramer discussed trading and investing for an opportunity that is the same. Cramer said Trump Entertainment (TRMP) is that name. Cramer has been behind the casino stock last year when it was $16.85, but now it is $22.05.It has $4 to $5 upside from here. Next week the company is presenting in pennsylvanie to build a casino in Fairmount Park. He thinks the decision will come in December and it has a better than 50/50 chance of being approved. Public sentiment should drive it up, and the news potential just isn’t in the stock. He loves the gambling and gaming sector because the house always wins. He likes the remodelled resort and add-on project. The new CEo has brought in technology to get more out of customers. He said this is not a Vegas or Macau play, but it is in Atlantic City and A.C. has been making a big comeback. Cramer said a partnership with WYNN was sort of denied. The new casino being built close to it is actually good rather than bad. There is also a real estate shortage in A.C., and TRMP owns a lot land around there. Cramer thinks that TRMP is worth $24 for the casino alone, Philly is worth $4 to $5 if it goes through, and the rest of land is worth $4 to $5 so the entire worth of the company is $32 to $34 per share to him. Cramer did say that you have to be very careful and you can only buy on pullbacks because it is thin volume and will run up too much if evryone piles in.TRMP closed up 0.3% at $22.05 in normal trading, but it went up 4% to $22.95 in after-hours.Jon C. OggNovember 10, 2006

In today’s STOP TRADING segment on CNBC, Jim Cramer discussed Wendy’s (WEN) originally. Cramer said it isn’t expensive, but it has had a run that hasn’t been digested yet. On trying to grow 3-4%, Cramer agreed it may be hard to grw more than that as the nex CEO of Wendy’s said. Cramer said to give her a chance and she’ll probably do a great a job as the new CEO. With 19% of the stock bought back, Cramer still thinks they’ll be public in a year.Cramer also said Peltz was a positive force behind heinz (HNZ).Cramer discussed IAC/Interactive (IACI). Cramer said maybe Diller is lazy, but the head guy running “Lebda” it is genius. Cramer said IACI can go to $40. He thinks they did great with Ask.com and other things like splitting off Expedia (EXPE).Express Scripts (ESRX) is a spot that Cramer thinks can run 10% because the street will have to play catch-up on it.In today’s STOP TRADING segment on CNBC, Jim Cramer discussed Wendy’s (WEN) originally. Cramer said it isn’t expensive, but it has had a run that hasn’t been digested yet. On trying to grow 3-4%, Cramer agreed it may be hard to grw more than that as the nex CEO of Wendy’s said. Cramer said to give her a chance and she’ll probably do a great a job as the new CEO. With 19% of the stock bought back, Cramer still thinks they’ll be public in a year.Cramer also said Peltz was a positive force behind heinz (HNZ).Cramer discussed IAC/Interactive (IACI). Cramer said maybe Diller is lazy, but the head guy running “Lebda” it is genius. Cramer said IACI can go to $40. He thinks they did great with Ask.com and other things like splitting off Expedia (EXPE).Express Scripts (ESRX) is a spot that Cramer thinks can run 10% because the street will have to play catch-up on it.Jon C. OggNovember 10, 2006

Stocks: (MSFT)(TWX)(DJ)(RTRSY)(RATE)(MHP)The largest financial websites in the country are fighting for traffic as more advertisers of luxury goods look to them for customers. Discount brokers and mutual funds already pay them a king’s ransom for their upscale audiences. Sites like MarketWatch are adding premium ads from products like Skyy Vodka to run alongside Charles Schwab.According to Comscore, the top financial news sites are fairly close to one another in size, which raises the issue if whether any of them can add features that might push one ahead of the pack.In October, MSN Money was in the lead position with 10.9 million unique visitors. This was a big tumble from the same month a year ago, a drop of 9% year-over-year. Next on the list is Yahoo!Finance with 10.8 million unique visitors, up 16% from the same month last year. AOL Money & Finance was slightly lower at 10.6 million, an increase of a very healthy 19% over October of last year.After the internet portals, the figures start to fall off. Dow Jones has 5.9 million unique visitors, down a sharp 19%. Forbes performed even worse. Its visitors dropped 22% to 5.1 million. CNN Money also had an audience of 5.1 million, off 13% from last year. Reuters rose 10% to 3.5 million unique visitors. BankRate was down 3% to 2.9 million. BusinessWeek rose 84% to 2.7 million. Someone at McGraw-Hill must be getting a raise.For the largest websites, the problem is offering features that the others don’t have. It my be why their audiences are so close together. All offer headlines from Reuters, AP, and other news services. All have charts and quotes. All have company profiles. And, all have personal finance sections and areas to cover bonds, mutual funds, and ETFs.At the next tier, investors find more differences. Sites like BusinessWeek and Forbes have a lot of content that is written specifically for their readers. So does CNN Money.One would imagine that the people running these properties are looking for an edge that would put one of them well ahead. The idea that one site could have 15 million unique visitors is not farfetched. If it comes up with a set of features that are not duplicated easily somewhere else.The search for a better mousetrap.Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.

By William Trent, CFA of Stock Market BeatA comment on one of our recent articles took issue with our focus on Corning’s (GLW) LCD glass business, saying “It’s telcom division is just at break even now. When the youtube driven video over ip takes over, demand for fiber to the home will explode.” One reason we disagree is this recent press release from Level 3 Communications (LVLT):Level 3 Communications’ Content Markets Group today announced a multi-year agreement with Photobucket to support the company’s growing online personal media sharing service. Under the terms of the agreement, Level 3 will provide Photobucket with network solutions including Level 3® High Speed IP service via Multiple 10 gigabits per second (10GigE) ports.”With over 28 million global users and adding 80,000 new users per day, Photobucket needs a robust, reliable and highly scalable network provider,” said Darren Crystal, chief technical officer and co-founder of Photobucket. “Photobucket has worked with Level 3 since our company’s founding, and we are confident that they will continue to meet our needs.”“Photobucket, an online personal media site that enables users to manage and share their digital lives, delivers billions of images and videos across nearly 250,000 different websites every day. An additional 7 million personal images and videos are uploaded to Photobucket.com daily. This relationship gives Photobucket direct access to Level 3’s Tier 1 global network,” continued Crystal.The fact that Level 3 considers this newsworthy tells us that there is still plenty of fiber capacity out there from the bubble days.As Om Malik notes:It is all spin and a blatant attempt to get a little Web 2.0 pixie dust. In fact, Level 3 is spending liberally to get it. They are sponsoring the Web 2.0 conference, and paying top dollars for it. I wonder why they are not one of sponsors (or even an exhibitors at) ISPCon, a conference that is closer to their core business.Until that YouTube demand starts eating up the old capacity, demand for new capacity is likely to remain muted. The author may hold a position in the securities discussed.The author’s current holdings are as follows: Long: Intuit (INTU) put options; Nasdaq 100 (QQQQ) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA); Ion Media Networks (ION); Lion’s Gate (LGF); Three Five Systems (TFS); Adobe Systems (ADBE) call options; Ceradyne (CRDN); IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Lion’s Gate (LGF) call options; Dell (DELL) put options; Ceradyne (CRDN) call options; Plantronics (PLT) put optionshttp://stockmarketbeat.com/blog1/

(AIG) AIG $1.53 EPS vs $1.43e.(ALNY) Alnylam filed to sell $150 million in stock.(ARQL) Arqule posted positive data on ant-tumor activity.(ARBX) Arbinet $0.03 EPS vs $0.05e.(ASGN) On Assignment priced 6.65M share secondary at $10.00.(BA) Boeing won a $13 Billion helicopter order instead of UTX or LMT.(CLCT) Collectors Universe $0.04 EPS vs $0.10e; may have items because revenues in-line.(CPKI) California Pizza Kitchen traded down 10% after guidance was weak with earnings.(CPLA) Capella Education 4M share IPO priced at $20.00.(CPST) Capstone Turbine -$0.10 EPS vs -$0.10e.(CMG) Chipotle up 2% after Cramer said it was the winner in Burritos being the new pizza.(CNL) Cleco $0.50 EPS vs $0.58e.(CRGN) Curagen announced positive tumor study data.(DIS) Disney $0.36 EPS vs $0.33e.(DLB) Dolby beat earnings and raised guidance.(FSYS) Fuel Systems Solutions traded up after beating earnings and raising guidance.(FVE) Five Star Quality Care $0.18 EPS vs $0.17e.(GR) Goodrich positive in Business Week.(HEW) Hewitt $0.21 EPS vs $0.26e.(HLND) Hiland $0.33 EPS vs $0.31e.(HOV) Hovnanian noted positively for a homebuilder stock in Business Week.(IFON) Infosonics $0.04 EPS vs $0.07e.(IMGN) Immunogen presented positive lung cancer data.(JOBS) 51 Jobs $0.12 EPS vs $0.11e.(KOSN) Kosan Bio presented positive antitumor data.(LGF) Lions Gate -$0.14 EPS vs -$0.03e; may not be comparable.(MAMA) Mamma.com settled a class action suit for $3.2M.(MBLX) Metabolix 6.8M share IPO priced at $14.00.(MDZ) MDS CFO will resign in April 2007.(MYL) Mylan Labs received FDA approval for Oxybutynin Chloride Tablets.(NGAS) NGAS Resources fell 3% after earnings fell.(NRF) Northstar Realty plans to sell 11M shares of stock.(NVDA) NVIDIA traded up 3%after beating earnings expectations at $0.39 EPS vs $0.24e; sees Q4 revenues up 5% sequentially.(NYX) NYSE noted by Jim Cramer as a Triple in 2 years on MAD MONEY.(PSPT) People Support 4.2M share secondary priced at $20.00.(PTR) PetroChina positive ion Business Week.(SHPGY) Shire is suing ANDRX (WPI is acquiring) over patent case.(SIGA) Siga Tech won $2.3M in new orders from air force.(THRM) Thermage 6M share IPO priced at $7.00.(TNOX) Tanox up 34% after Genentech is acquiring it.(TSAI) Transaction Systems settled class action lawsuit for $24.5M.(WWVY) Warwick Valley announced $1 special dividend and ended strategic review.

Stocks: (GE)(SI)When Jack Welch retired from GE, he went to rival Siemens. He isn’t going to buy the Boston Globe or live with his younger wife, the defrocked editor of the Harvard Business Review.How can you tell? Look at the stock charts. Over the last five years, Siemens stock is up 60% and GE’s is down almost 15%. Welch must have gone there. Siemens performance has his fingerprints all over it.Profits at Siemens rose eight-fold in its latest quarter, driven by it power-transmission and automation units. It got ride of its cellphone unit. It was not No. 1 or No. 2 in its market, so they sold it. Just like Welch would have. Revenue for the entire company hit 23.92 billion euros for the quarter up from 23.6 billion euros in the quarter a year ago. Profits were helped by the cutting of thousands of jobs, just like Neutron Jack would have done.Siemens went beyond having a good quarter. They raised their forecasts for the year and said that they would meet financial targets in each and every unit in 2007. The company even said its would grow twice as fast as the world economy. That may be hard to measure, but it sounds impressive.Siemens has 13 units and a financial division. The company’s largest operating businesses are in industrial business systems, power generation, transportation products, healthcare, lighting products, and finance. It sounds remarkably like GE, except it does not own a TV network and movied studio. That’s OK since Wall St. doesn’t have much stomach for those businesses.The story of Siemens says a great deal about what is wrong with GE. Siemens went through a company-wide restructuring last year. It cut some businesses and a lot of jobs. The process was merciless and efficient. It bought growth business in industries like diagnostic systems.Investors have shown their appreciation. Siemens stock trades at the high end of its 52-week range of $99.53/$73.17. The stock is approaching the five-year high it set in May.By contrast, the stock performance of GE has been humiliating. The stock trades where it did in late 2004.If you take a trip to Munich, you can find Welch hanging around Siemens headquarters. He is the old guy wearing the lederhosen.Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.

Stocks: (DIS)(TWX)(VIA)The most important point about the new Disney earnings is that the company’s studio did well Rivals like Time Warner and Viacom cannot make the same boast.While bookings at its theme parks where flat, results at the company’s studio soared, primarily because “Pirates of the Caribbean” did so well. Disney has also cut 450 jobs at its studio to bring costs down. Are managers at the other media companies listening?Disney’s stock, which is near a five year high, dropped slightly on the report. The market wonders if the company can keep the pace. but Mr. Iger has confounded his critics since being elevated to the CEO’s job. The company said its should have double digit earnings growth in its fiscal 2008.Disney’s studio results were buttressed by strong results at ABC and ESPN.The stock may be at a five-year high, but it could go higher.Betting against Iger is getting to be a nasty business.Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.

Stocks: (AIG)(F)(EXP)(C)According to Reuters, AIG’s earnings more than doubled in the third quarter as the company avoided the hurricane claims it had last year.Reuters writes that Ford will delay filing it 10-Q as it does some restatement of earnings.Reuters writes that Disney’s profits more than doubled as it theme parks, networks, and studio did well.The Wall Street Journal writes that Consumer Reports rated some cars from Detroit well for reliability, but Japanese cars maintained a lead in the survey.The Wall Street Journal writes that Goodyear swung to a quarterly loss driven by labor problems and higher commodity cost.The Wall Street Journal reports that Expedia earnings dropped 26% as domestic growth in booking fell.The Wall Street Journal also reports that Citigroup has had problems expanding into the Chinese market as government regulations has thwarted its efforts.The New York Times writes that brand marketers are producing their own TV shows in the hopes of strengthening bonds to consumers.The NYT also writes that Viacom’s results fell as its studio did poorly.Douglas A. McIntyre

From The Average Joe InvestorYou hear it everywhere right now: housing is just not getting better. The funny thing is where these comments are coming from – the CEOs of the major homebuilders like Toll Brothers (NYSE: TOL), Hovnanian Enterprises (NYSE: HOV), KB Home (NYSE: KBH), and Pulte Homes (NYSE: PHM). CNBC clips from a real estate investment banking conference today in NY show CEOs decrying the rapidly deteriorating market.So how bad is it really? For a long time now, I’ve been vacillating between hesitant and downright bearish on the housing market, especially when it comes to the crazy bubblish things that people were doing in the go-go markets like Northern California, Las Vegas, and Miami. I still happen to think that there could still be some flatness or weakness ahead for the housing market, particularly in the markets mentioned, but at this point it doesn’t look like there’s going to be an out-and-out crash in any markets.For example, Las Vegas has seen really fast population growth to go with the spike in real estate prices and housing buildout. This is evidenced by the public schools putting up educational “outhouses” as they can’t grow fast enough to keep up with the number of new students. Of course, water supply is a key issue out in the desert, but if the migration keeps up it should put a floor under housing prices there to some extent. Likewise, in the Bay Area (an area I’m all too familiar with as far as housing prices go), housing prices aren’t rising for no reason. There is so much government owned land in the Bay Area that there simply isn’t enough room to build new homes for everyone who wants to live in that geography. The result is that existing homes in the area keep going up and new developments 1.5 – 2 hours away are snatching nice prices from people who are willing to make atrocious commutes. Miami – well, that may be another story…In any case, I’m figuring that the homebuilders are taking the tactic of “the best offense is a good defense” when it comes to the public markets right now. Business is not as much of a sure thing as it was, and what the market hates the most is downside uncertainty. So the faster and harder the homebuilders are able to talk down the markets, the sooner the companies can start meeting, and perhaps slightly beating analyst earnings projections.I still think that if this does happen that housing stocks are a longer term play – six months to a year at the very least, but the strong names like Toll and KB should come out the other side with little more than some flesh wounds.Where I could still have some worries on this whole real estate thing, and still need to do some more research into, is on the banking side. Exotic loans were given out all over the place during this housing run-up and fraud and questionable loans were rampant. I think that these loan practices are going to lag the tough times of the real estate market since a lot of them were done towards the tail end, and they are generally 3 – 5 year ticking time bombs. As I am a shareholder of Bank of America (NYSE: BAC) (through their DRIP program), I sure hope that it isn’t too severe, but I certainly have concerns.http://theaveragejoeinvestor.blogspot.com/

From 13D TrackerIn a 13D filing after the close on Modine Manufacturing Co. (NYSE: MOD) Shamrock Activist Value Fund disclosed a 5.3% stake (1.7 million shares) in the company.The fund said it has no current plans or proposals with respect to the Company or its securities of the types enumerated in paragraphs (a) through (j) of this Item 4 to the form Schedule 13D promulgated under the Act.According to the fund’s website, Shamrock has utilized its activist strategy to invest over $825 million of investment capital in 30 companies and currently has $925 million of committed capital. Shamrock’s activist investment philosophy relies of finding “deep value” companies to invest in and then buying influential equity stakes that permit “responsible activism.”http://www.13dtracker.blogspot.com/