Chevron Corp. (NYSE: CVX) is on deck for Thursday, but this is actually listed as an “interim update” and the formal earnings areexpected July 31, 2009.  The earnings estimates are going to look awful if you compare them to last June when oil was way above $100 per barrel.  Revenues are expected to be more than cut in half as well with lower oil prices.  The real takeaway we believe Wall Street will be looking for is at what level these integrated oil giants will have as an average price that they can stay highly profitable.  This figure fluctuates wildly from firm to firm.  Shares are down only 1.1% at $63.69 late in the day, and that is down from $66.88 last Monday.

Shaw Group Inc. (NYSE: SGR) is expected to report on Thursday as well and is expected to have flat revenues from a year ago.  Estimates are $0.60 EPS and $1.79 billion.  Because of its infrastructure construction and large project dependence, this one is frequently a wildcard around earnings. The estimates for earnings are lower over the last 90-day period, but only from $0.63 EPS.  Shares are down close to 5% at $25.18 late Monday, and that is down from $27.62 last Monday.

These are  larger companies reporting this week whose quarter-end operations were as of the end of June.  Next week is when the real floodgates start to open.  By then, we’ll have a solid indication of how the major technology, base economy, industrials, and more will be looking for Q2.  And hopefully we’ll have at least a tad more specific guidance than what companies have offered over the last two quarters for what lies ahead.

Jon C. Ogg
July 6, 2009

Allergan (AGN) Raised to Overweight at Thomas Weisel.
China Unicom (CHU) Raised to Buy at UBS.
Endo Pharmaceuticals (ENDP) Started as Overweight at Thomas Weisel.
Fluor (FLR) Started as Outperform at Baird.
General Dynamics (GD) Started as Outperform at Morgan Keegan.
Lockheed Martin (LMT) Started as Outperform at Morgan Keegan.
MDS Inc. (MDZ) Raised to Buy at Jefferies.
NetLogic (NETL) Raised to Buy at Piper Jaffray.
Nuvasive (NUVA) Raised to Buy at Needham.
Shaw Group (SGR) Started as Outperform at Baird.

JON C. OGG

• Allscripts-Misys (NASDAQ: MDRX) Raised to Outperform at William Blair.
• Becton Dickinson (NYSE: BDX) Raised to Overweight at Morgan Stanley.
• Consolidated Edison (NYSE: ED) Raised to Buy at Citigroup.
• Crucell (NASDAQ: CRXL) Raised to Buy at RBS.
• CSX (NYSE: CSX) Raised to Buy at Deutsche Bank.
• Raytheon (NYSE: RTN) Raised to Buy at Goldman Sachs.
• Shaw Group (NYSE: SGR) Cut to Hold at Citigroup.
• Smith & Nephew (NYSE: SNN) Raised to Neutral at JPMorgan.

Jon C. Ogg
January 9, 2009

Earlier in 2008, Westinghouse signed a contract for four more nuclearplants, two for Georgia Power and two for SCANA Corporation (NYSE:SCG)in South Carolina. These are the first contracts for nuclear plantconstruction in the US since 1978.

The plants are still a long way from being started. The long regulatoryreviews and the inevitable public opposition have barely begun. If theplants are online within 10 years, it will be a miracle.

President-elect Obama has signaled that he supports nuclear power under the right circumstances, buthe will undoubtedly be pressured to ensure that stricter regulationsare enacted and enforced, including what to do with spent fuel. Leadinga charm offensive for nukes may prove more difficult than winning thepresidency.

Paul Ausick
January 6, 2009

• Citigroup (C) Cut To Underperform From Neutral at Merrill Lynch.
• General Dynamics (GD) Cut to Neutral at JPMorgan.
• Goldman Sachs (GS) Cut to Underperform from Buy at Merrill Lynch.
• Jefferies (JEF) Cut to Sell at B of A.
• Keefe Bruyette & Woods (KBW) Cut to Sell at B of A.
• Lehman (LEH) Cut to Underperform from Hold at Merrill Lynch.
• LSI Industries (LYTS) Cut to Underperform at Baird.
• McDermott (MDR) Cut to Hold at Citigroup.
• Morgan Stanley (MS) Cut to Neutral from Buy at Merrill Lynch.
• National City (NCC) Cut to Neutral from Buy at Ladenburg Thalmann.
• Shaw Group (SGR) Cut to Sell at Citigroup.

Obviously there are a few calls thrown in here that aren’t brokerage firms or investment banking firms, but the brokers are back to killing each other again for the third day this week.

Jon C. Ogg
August 14, 2008

Shaw is in an interesting position with such a pullback that has been witnessed.  This company is the true vertical winner for any and all energy plant infrastructure on a global basis whether you want to build or retool plants from top to bottom in fossil fuels or nuclear plants.  At $55.83, shares are down literally 30% from their 52-week highs.

Options are a bit hard to use because the strike prices are so wide, but options traders appear to only be pricing in a move of $2.35 to $2.90 in either direction.  Interestingly enough, some options speculation has take place this afternoon in the JUL08 $60.00 Calls that expire at the end of next week.

Analysts have an average price target in the mid-$60′s and there really hasn’t been any meaningful analyst shift in quite some time as analysts did most of their downgrades in 2007.

One of Shaw’s key issues is that its past has never entirely been forgiven  despite an exponential rise over the last five years.  This is partly because of a sporadic history of late when it comes to earnings, which makes it a wonder that options traders are only looking for a 5% or 6% max move.  As of the second reading in June, Shaw had 4.19 million shares listed in the short interest, which is about 2.2 days-to-cover.

Jon C. Ogg
July 9, 2008

On the Democratic side, he said he wanted to identify which stocks would win under both Hillary Clinton and under Barack Obama.  He noted how the alternative and renewable energy policies are pages and pages on their websites. These were the following:

• For solar power, he’s still gung-ho booyaah-ing First Solar (NASDAQ: FSLR).
• For a smart electric grid play, he thinks Comverge (NASDAQ: COMV) is the play.
• Lastly, he thinks agriculture stocks are the winners with all their lobbying.  But…. these aren’t green companies.

On the Republican side, Cramer identified the picks he thinks will do well under John McCain.  He also noted that his policy on alternative energy is less detailed and only one web page on his website.  These picks are as follows:

• McCain has been a pro-nuclear fan, and his main pick is Shaw Group (NYSE: SGR) as the builder and designer of nuclear facilities.  His second pick was NRG Energy (NYSE: NRG) as the main nuclear power promoting utility in the U.S.
• Cramer also said that McCain also believes in a smart grid, and that pick is also Comverge (NYSE: COMV).

Last night, Cramer went over his picks that he thinks will win in natural gas and on Monday night he returned to talk about his old picks in alternative energy stocks with Buy, Hold, or Sell recommendations on those.

Jon C. Ogg
April 23, 2008

• First Solar (NASDAQ: FSLR) up over 300%, but it doesn’t need subsidies. He thinks the new administration will bring it in.  The payback is cheaper and faster because it doesn’t need silicon.  Cramer noted that this was to solar what Intel was to chips.  He wants to stick with it.
• Foster Wheeler (NASDAQ: FWLT) has risen 97% and is his favorite infrastructure play, which should work even higher.  Cramer thinks this one can be bought now without a pullback.
• Shaw Group Inc. (NYSE: SGR) is the play on nuclear energy and he would stick with this one.
• BorgWarner Inc. (NYSE: BWA) was play for clean emissions, but he thinks this one should be dumped.
• MEMC Electronic Materials Inc. (NYSE: WFR) is also up big but Cramer thinks this should be dumped because of recent execution problems.
• Tetra Tech (NASDAQ: TTEK) was a water play that rose only about 1.6%, but it is becoming the right place because of rapidly deteriorating domestic infrastructure.  It now has a wind energy company.  He thinks you can buy it now.
• FuelTech (NASDAQ: FTEK) has come back off since he said SELL, but now you can reload on it.  He said sell it once, and he thinks it is going up on increasing efficiency of coal plants. He also likes that insiders have been buying stock recently.
• OM Group (NYSE: OMG) is an emissions play, but now that it has recovered you can take profits in OM Group or just sell it.

Here was the summary for Cramer’s "original" Alternative Energy & Green Stocks if you want to compare then to now.

We have been highlighting some of the smaller green tech and alternative or renewable energy picks in our own weekly "10 Stocks Under $10" newsletter.  Of those picks, our Capstone Turbine Corp. (NASDAQ: CPST) is up roughly 150% and the only "selling" we have yet to note is perhaps some profit taking to lock in a portion of your gains, but we think this one is heading higher.  Our other pick has only been on the list in the under $10.00 newsletter for a few weeks, and it is already up about 30% since.  We actually just raised our expectations on this one.

Jon C. Ogg
April 21, 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

The Division of Enforcement does not intend to recommend any enforcement action.  This had been a hanging chad so to speak, although after having dug around into the scope of this we had surmised that nothing of any consequence would really come from this.

Shaw Group shares closed at $59.77 Thursday, and while it hasn’t yet traded it appears that shares are indicating up around $60.50 initially.  The 52-week trading range is $28.60 to $77.30.

Jon C. Ogg
December 28, 2007