Allegiant Travel Co. (NASDAQ: ALGT) will be a new member of the S&P Small Cap 600 Index and will replace Regal Beloit in the index after the close of trading on Tuesday, December 8.  Allegiant is up 2.7% on only 250,00 shares.  It looks likely that more shares will need to be purchased based upon a $866 million market cap.

AOL Inc. (NYSE: AOL) is still trading as a when-issued stock but it will replace Imation Corp. (NYSE: IMN) in the S&P MidCap 400 after the close of trading on Wednesday, December 9.  Imation had a market capitalization of less than $325 million, under the minimum requirements for a mid-cap constituent.  Index sellers already have taken almost 4% out of the Imation price based upon index selling pressure as the entire weighting will be dumped.

Time Warner Inc. (NYSE: TWX), a S&P 100 and S&P 500 constituent, is spinning off AOL to shareholders on or about that date on a 1 for 11 share tax-free dividend basis.  Time Warner will remain in both the S&P 100 and S&P 500 indices. Fractional shares will be sold off and that cash will be distributed, but the tax portion is considered taxable. The exact market cap for AOL is not yet known as it trades on a when-issued basis.  That figure is north of $2.5 billion and is not deemed to be north of and is not more than $3.3 billion based on average comparisons.

The bad news is that AOL not going into the S&P 500 Index will create some mandatory S&P 500 Index benchmark fund selling in shares of Time Warner.  But the good news is that this will likely be far less index selling compared to many other key spin-offs.

Our calculations for what the real translation of index trackers differs from others because we have discussed with S&P analysts about their own interpretations of index trackers.  Based upon a conversation we had and assuming the market remains stable, we would expect only about 10 million Time Warner net shares over the coming days to have to be absorbed, and that figure will be easy to be absorbed as the indexers have a week before the formal change.  Any additional shares that need to be sold won’t have to be immediately sold as most funds have looser buy and sell policies on index changes.

JON C. OGG

Abiomed (ABMD) Raised to Buy at UBS.
ASML (ASML) Raised to Buy at ING.
CB Richard Ellis (CBG) Raised to Overweight at JPMorgan; Raised to Outperform at JMP.
Emerson Electric (EMR) Cut to Neutral at Goldman Sachs.
Linear TEch (LLTC) Raised to Overweight at Thomas Weisel.
Martek Biosciences (MATK) Started as Buy at Cantor.
Netflix (NFLX) Started as Market Perform at William Blair.
Pepsico (PEP) Raised to Buy at UBS.

JON C. OGG

• H.B. Fuller (NYSE: FUL) Raised to Overweight at JPMorgan.
• Och-Ziff Capital (NYSE: OZM) Started as Buy at Jefferies.
• Repsol YPF (NYSE: REP) Raised to Buy from Hold at ING; Raised to Hold from Sell at Soc-Gen.
• Toll Brothers (NYSE: TOL) Started as Outperform at KBW.
• Dover (NYSE: DOV) Cut to Underweight at JPMorgan.
• Emerson Electric (NYSE: EMR) Cut to Underweight at JPMorgan.
• Giant Interactive (NYSE: GA) Cut to Perform at Oppenheimer.
• GlaxoSmithkline (NYSE: GSK) Cut to Neutral from Buy at UBS.
• Medarex (NASDAQ: MEDX) Started as Sell at Merriman Curhan Ford.
• Royal Dutch Shell (NYSE: RDS-A) Cut to Hold from Buy at ING.

Jon C. Ogg
November 14, 2008

SPX Corp. (NYSE: SPW)  and Danaher Corporation (NYSE: DHR) were twoothers which Cramer was pondering whether these industrials that havebeen beaten down are representing "value" today.  He also noted Emerson(NYSE: EMR) was at $36.00.

He hinted that if you have a triple-AAA rating and are an industrial,which is likely a tease to hint at General Electric (NYSE: GE), thatyou can pick these industrial operations up on the cheap.

Jon C. Ogg
October 14, 2008

• Abercrombie & Fitch (ANF) Raised to Outperform at FBR.
• Airgas (ARG) Raised to Outperform at Baird.
• Emerson Electric (EMR) Raised to Outperform at Baird.
• Landstar System (LSTR) Raised to Outperform at Wachovia.
• Spectranetics Corp. (SPNC) Raised To Neutral at Goldman Sachs.
• Wells Fargo (WFC) Raised To Neutral From Underperform By Baird.

Jon C. Ogg
September 30, 2008

Here were Cramer’s TOP 9 STOCKS FOR 2007, with a call broken down for each one.  Borat would say HI FIVE on some and NOT SO NICE on others, as would be expected.  Cramer’s 14,582 year-end DJIA target…..Friday’s close was 13,365.87……although we did hit 14,279.96 on OCT11, 2007.  Cramer also gave a batch of price targets on most of theDJIA components:

• Batch 1 (AA, MO, AIG, AXP, BA, T)
• Batch 2 (CAT, C, KO, DD, XOM, GE)
• Batch 3 (MMM, GM, HPQ, HON, HD, INTC, AMD, SHLD)

Cramer’s Stock Picks FOR 5-YEARS OUT:

• Cramer’s First Pick For Five Years Out: First Solar (FSLR, SPWR)
• Cramer’s Second Pick For Five Years Out: MedcoHealth (MHS)
• Cramer’s Third Pick For Five Years Out: Transocean (RIG)

SOME LISTS: His list of recession proof stocks compared to ours.  We are updating our
Defensive Stocks For The First Half Of 2008" currently.  Cramer gave a huge list of companies he expects to benefit from the alternative energy traders (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)… Jim Cramer pondered which US companies China would want to acquire, about 3 months before sovereign funds started buying into US companies.  Cramer’s mortgage winners and losers…… Here were his MAJOR BULL MARKET STOCK PICKS(MHS, CVS, AGN, CELG, GENZ, CEPH, RIG, HAL, EMR, CAT, CMI, UTX, KO,PEP, CL, GS, SKS, VFC, UNP, CSX, BA), some of which are DJIAcomponents.  Cramer produced a "MUST OWN" list of stocks, many of whichare up significantly and some are down (WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM)

Cramer spent lots of time on International stocks that most US investors might not cover on their own.  He made a big call on Mercadolibre (MELI) (also BIDU, GOOG) with some emphasis on buying immediately, right before it made a huge run up.  Cramer’s Hidden Video Game Investment Perfect World (PWRD, ATVI, ERTS, VIA) was one he said could run more than 50% for 2008.  Cramer made 5 TOP CHINESE PICKS (CEO, CHL, SSW, FMCN, BIDU, GMR).  We’ll see in 2008 if any of his Canadian OIL TRUSTS get acquired in 2008 (BTE, CNE, PGH, PVX, PWE, AAV, GDI).  Cramer also went over his top picks from Europe for American investors (TOT, SI, ABB, PHG, BF)

ON TECHNOLOGY:  Cramer’s NEW HORSEMEN OF TECH…. will the list change in 2008???  Did Cramer Say $1,000.00 on Google, Or Is It $600.00? That was in May 2007.  Cramer Gave Monster Price targets to Baidu.com (BIDU, GOOG).. will these targets change in 2008? Cramer was very positive on all the GPS stocks,although we’d expect that Cramer will change his tune in 2008 now thatthe holiday madness is behind us (GRMN, UA, CROX, NVT, TRMB, SIRF).

Would it be fair not to include the Barron’s attack on Cramer from summer for those of you that criticize his every word?

ON WARREN BUFFETT…. Cramer noted that BROOKFIELD ASSET MANAGEMENT in Canada may be the next Berkshire Hathaway (NYSE:BRK/A) NYSE: BAM). Cramer reviewed 10 Warren Buffett stocks for analysis and then reviewed 10 More Warren Buffett stocks:

• Stock Tickers: BRK/A, BNI, KO, PG, WMT, USG, AXP, WFC, MCO, JNJ, COP
• Stock Tickers: BRK/A, UNP, USB, MTB, ASD, NSC, WLP, UNH, IR, HRB

Will his buyout of ALCOA (AA) prediction come true in 2008??? Cramer gave a list of stocks that had bought back so much stock that they might be taking themselves private.

Join our free email distribution list for other Cramer calls or for updates we send out regarding IPO’s, spin-offs, restructuring, reorganization, activist investors and more.

Happy New Years from the 247WallSt.com team!

Jon C. Ogg
December 31, 2007

Jon C. Ogg
November 6, 2007

On the reverse, Goldman Sachs downgraded Danaher Corp. (NYSE:DHR) to Neutral and downgraded Tyco International (NYSE:TYC) to a "SELL" rating.

Emerson Electric shares are trading up over 2% pre-market at $52.75.  Danaher shares are down 1% at $82.00 pre-market and Tyco shares are trading down 1.5% at $44.00 in pre-market activity.

Jon C. Ogg
September 27, 2007

On Thursday evening, Jim Cramer came out very bullish again on CNBC’s MAD MONEY.  Cramer said you better know what is working and what isn’t.Cramer said the analysts were giving out estimates like they were allgoing to be horrible and full of gloom and doom.  Even companies thathave been inconsistent are becoming consistent and estimates are beingretooled and companies are being revalued. Cramer again said the DJIAis heading straight to 14,000, but some sectors have peaked.  Here is the full summary:

Healthcare: Medco (MHS-NYSE), CVS (CVS-NYSE) and Allergan (AGN-NYSE)

Celgene (CELG-NASDAQ), Genzyme (GENZ-NASDAQ), and Cephalon (CEPH-NASDAQ)

Oil Drillers: Transocean (RIG-NYSE), Halliburton (HAL-NYSE)

Capital Goods: Emerson (EMR-NYSE), Caterpillar (CAT-NYSE), Cummins (CMI-NYSE), United Technologies (UTX-NYSE)

Household Coca-Cola (KO-NYSE), Pepsi (PEP-NYSE), and Colgate Polmolive (CL-NYSE)

Brokers: Goldman Sachs (GS-NYSE)

Retail: Saks (SKS-NYSE), VF Corp (VFC-NYSE)

Rails: Union Pacific (UNP-NYSE) and CSX (CSX)

Planes/Aerospace:  Boeing (BA-NYSE)

He also noted that companies in Materials, Agriculture, Brokers,& Telecom but he gave no picks there.  These may be able to pickapart and many may slam Cramer, but he’s been right on the directionsso far this time around.

Jon C. Ogg
April 28, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Jim Cramer came out very bullish again (you get the trend here) as much as he could on tonight’s MAD MONEY on CNBC.  He’s still maintaining that yesterday was only the beginning and this is the start of a major rally, and you better know what is working and what isn’t.  Cramer said the analysts were giving out estimates like they were all going to be horrible and full of gloom and doom.  Even companies that have been inconsistent are becoming consistent and estimates are being retooled and companies are being revalued. Cramer again said the DJIA is heading straight to 14,000, but some sectors have peaked.

Healthcare: Medco (MHS-NYSE), CVS (CVS-NYSE) and Allergan (AGN-NYSE)

Celgene (CELG-NASDAQ), Genzyme (GENZ-NASDAQ), and Cephalon (CEPH-NASDAQ)

Oil Drillers: Transocean (RIG-NYSE), Halliburton (HAL-NYSE)

Capital Goods: Emerson (EMR-NYSE), Caterpillar (CAT-NYSE), Cummins (CMI-NYSE), United Technologies (UTX-NYSE)

Household Coca-Cola (KO-NYSE), Pepsi (PEP-NYSE), and Colgate Polmolive (CL-NYSE)

Brokers: Goldman Sachs (GS-NYSE)

Retail: Saks (SKS-NYSE), VF Corp (VFC-NYSE)

Rails: Union Pacific (UNP-NYSE) and CSX (CSX)

Planes/Aerospace:  Boeing (BA-NYSE)

He also noted that companies in Materials, Agriculture, Brokers, & Telecom but he gave no picks there.  These may be able to pick apart and many may slam Cramer, but he’s been right on the directions so far this time around.

Jon C. Ogg
April 26, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.