Daily Archives: March 17, 2007

Nortel Stalls

Nortel’s (NT) comeback seems to have gotten off track. It lost $80 million on $3.32 billion in revenue in the fourth quarter of 2006. But, 2007 revenue will be flat to down. The company will be missing about $600 million from its high-speed wireless UMTS business which it sold to Alcatel-Lucent (ALU).

Nortel has gotten healthy, but it cannot offer the market growth.

Nortel’s stock is down 7% over the last 12 month, but it is up 15% over the last six months. The new forecast may put an end to the rise. Nortel may have proven that it can survive, but it has yet to prove that it can prosper.

Douglas A. McIntyre

Posted on: March 17, 2007 – 6:41 pm in Telecom

The Consolidated Week of Cramer

Cramer had many picks this week, here is an abbreviated list:

On Friday evening he started out telling investors that they need to own Caterpillar (CAT) and he even went in and gave a vote of confidence for a biotech zombie called Nastech Pharmaceuticals (NSTK).

 

On Friday’s Stop Trading segment on CNBC, Cramer came out with his picks he likes in each commodity sector.
He also panned many newspaper stocksand this will one was powerful enough that it would make anyone wonderwhy private equity firms are interested in them even after a drop.These names took a beating.

On Thursday evening Cramer named off a dozen or so names for his special Thursday SELL BLOCK, although he was still positive on some of these.  He also juiced a couple of small cap non-pharma healthcare stocks.  Here was he thought Cigna (CI) was worth a look at the current levels.

Cramer also outlined why he thinks that you can profit from older rumors now that Alcoa (AA) and Dow Chemical (DOW) have fallen off so much.  Goldman Sachs remains a favorite of his, but he thinks it’s going to $250.00 fast.  Elsewhere in thh financial stocks, Cramer said he is replacing Bankof America (BAC) with Citigroup (C) as his favorite banking stock.  Itisn’t why you think though.  He wants Chuck Prince out, and so do we at 24/7 Wall St.

One sort of funny piece was his DIRTY DOZENwhere he gave a bunch of stocks that short sellers were targeting.  Hedid give the premise that these are not really his picks per se, butironically many of these posed some positive moves.  He also thinks that Hansen Medical (HNSN) could perform like the next Intuitive Surgical (ISRG), and here’s why.  He’s even got 5 of his top oil-related names in the oil patch sector.

Jon C. Ogg
March 17, 2007

Posted on: March 17, 2007 – 10:00 am in Cramer

The Week Ahead (MAR 19 to 23, 2007)

Next week is a farily light calendar,but we should at least get some more confessions from companies who aregoing to fall short of guidance as this will mark two weeks from theend of the quarter.  Companies often know of cancelled or orderpushouts by then.  Of course some may also have already made theirquarter as well and issue upside guidance.  Any of these dates canchange without notice and there will be a more detailed release overthe weekend for the events ahead.

MONDAY MARCH 19
Earnings: Movie Gallery (MOVI) $0.25e, PetroChina (PTR)
Conference/Presentation: Boeing (BA) Aircraft Updates on 787

TUESDAY MARCH 20
FEB Housing Starts & Building Permits
Earnings: Adobe (ADBE) $0.29e, Oracle (ORCL) $0.23e; YAMANA Gold (AUY) $0.03e

WEDNESDAY MARCH 21
215 PM EST FOMC STATEMENT ON RATES
Earnings: ChinaMobile (CHL), Darden (DRI), FedEx (FDX), Mobile Telesystems (MBT), Morgan Stanley (MS).
Weekly oil inventory numbers.

THURSDAY MARCH 22
Leading Economic Indicators (FEB)
Weekly Jobless Claims
Weekly Natural Gas Inventories.
Earnings:3COM (COMS) $0.01e, Borders (BGP) $1.68e, Cost Plus (CPWM) $0.85e,General Mills (GIS) $0.70e, Jabil $0.36e, KB Home (KBH) $0.27e, Nike(NKE) $1.33e, Palm (PALM) $0.12e, William-Sonoma (WSM) $1.03e

FRIDAY MARCH 23
Existing Home Sales (FEB)

If you want Cramer’s Play Book for the Week Ahead here it is.

 

Happy St. Patrick’s Day!

Posted on: March 17, 2007 – 9:38 am in Uncategorized