Cramer was discussing the resurgence of knee braces on sports players. He noted that orthopedic companies are going after companies, which the journal also said this. He said linemen are wearing these even when they don't need to.
DJ Orthopedics (DJO) makes these and he has recommended this name before. He isn't talking about orthopedics in general, he is talking about bracing. the air brace followed by the knee brace will keep you out of knee surgery. He said DJO is a one-stop pure play on this and everyone wants to avoid surgery.
Cramer thinks this goes a lot higher. He thinks there is the potential for brand recognition and these could be mass sold now. They had to outsource from New Jersey to Mexico manufacturing, so earnings may rise and the estimates are all over. He thinks it will raise estimates all year. If you use $2.10 for 2007 earnings it is only 21 times 2007 earnings. He said the multiple is lower than BMET and others, but the growth rate is higher.
DJO closed down 0.6% at $44.43 in regular trading, but its shares rose over 3% after-hours to $45.89 after Cramer touted. The 52-week trading range for DJO is $26.69 to $44.84.
Jon C. Ogg
November 17, 2006
Jumat, 17 November 2006
Cramer Says DJ Orthopedics is a Good Crutch
Cramer was discussing the resurgence of knee braces on sports players. He noted that orthopedic companies are going after companies, which the journal also said this. He said linemen are wearing these even when they don't need to.
DJ Orthopedics (DJO) makes these and he has recommended this name before. He isn't talking about orthopedics in general, he is talking about bracing. the air brace followed by the knee brace will keep you out of knee surgery. He said DJO is a one-stop pure play on this and everyone wants to avoid surgery.
Cramer thinks this goes a lot higher. He thinks there is the potential for brand recognition and these could be mass sold now. They had to outsource from New Jersey to Mexico manufacturing, so earnings may rise and the estimates are all over. He thinks it will raise estimates all year. If you use $2.10 for 2007 earnings it is only 21 times 2007 earnings. He said the multiple is lower than BMET and others, but the growth rate is higher.
DJO closed down 0.6% at $44.43 in regular trading, but its shares rose over 3% after-hours to $45.89 after Cramer touted. The 52-week trading range for DJO is $26.69 to $44.84.
Jon C. Ogg
November 17, 2006
DJ Orthopedics (DJO) makes these and he has recommended this name before. He isn't talking about orthopedics in general, he is talking about bracing. the air brace followed by the knee brace will keep you out of knee surgery. He said DJO is a one-stop pure play on this and everyone wants to avoid surgery.
Cramer thinks this goes a lot higher. He thinks there is the potential for brand recognition and these could be mass sold now. They had to outsource from New Jersey to Mexico manufacturing, so earnings may rise and the estimates are all over. He thinks it will raise estimates all year. If you use $2.10 for 2007 earnings it is only 21 times 2007 earnings. He said the multiple is lower than BMET and others, but the growth rate is higher.
DJO closed down 0.6% at $44.43 in regular trading, but its shares rose over 3% after-hours to $45.89 after Cramer touted. The 52-week trading range for DJO is $26.69 to $44.84.
Jon C. Ogg
November 17, 2006
Cramer Say's Disney Was No Mickey Mouse; He Likes It
On tonight's MAD MONEY show on CNBC, Cramer went over a stock gift because it went down for no reason.
First he noted the NYMEX (NMX) IPO. He said it isn't the ideal entry point, but you should only buy 1/4 of a position of whatever you want to buy now and add in as it drops down. But Cramer said the NYSE (NYX) should be the buy right here since the NMX is worth $12 billion and NYX is worth $14 Billion. NYX is bigger and better.
The stock that was down for no reason to Cramer is Disney (DIS). He said it is down $3 since earnings, but this is a buy. He thinks that DIS's first down move might not be able to be trusted. They didn't really do anything wrong. They didn't miss earnings or revenues, prime time did well, but the reason it fell was because the estimates were raised a lot ahead right before the company's quarter was announced. That created an artificial comparable confusion on the street, but it is firing on every cylinder and even them parks did wellfor DIS. He thinks movie costs are coming under control, although Pirates II was over $200 million and Pirates III will be expensive too. ABC and Disney channel ratings are going up. While the street thinks Disney can't grow like this forever he thinks that NASCAR will be a huge add for it in 2007.
DIS closed down 0.35% at $32.94 in normal trading today, but shares rose 1.3% to $33.38 in after-hours trading.
Jon C. Ogg
November 17, 2006
First he noted the NYMEX (NMX) IPO. He said it isn't the ideal entry point, but you should only buy 1/4 of a position of whatever you want to buy now and add in as it drops down. But Cramer said the NYSE (NYX) should be the buy right here since the NMX is worth $12 billion and NYX is worth $14 Billion. NYX is bigger and better.
The stock that was down for no reason to Cramer is Disney (DIS). He said it is down $3 since earnings, but this is a buy. He thinks that DIS's first down move might not be able to be trusted. They didn't really do anything wrong. They didn't miss earnings or revenues, prime time did well, but the reason it fell was because the estimates were raised a lot ahead right before the company's quarter was announced. That created an artificial comparable confusion on the street, but it is firing on every cylinder and even them parks did wellfor DIS. He thinks movie costs are coming under control, although Pirates II was over $200 million and Pirates III will be expensive too. ABC and Disney channel ratings are going up. While the street thinks Disney can't grow like this forever he thinks that NASCAR will be a huge add for it in 2007.
DIS closed down 0.35% at $32.94 in normal trading today, but shares rose 1.3% to $33.38 in after-hours trading.
Jon C. Ogg
November 17, 2006
Market Wrap (Nov. 17, 2006)
DJIA 12,342.56; Up 36.74 (0.30%)
NASDAQ 2,445.86; Down 3.20 (0.13%)
S&P500 1,401.20; Up 1.44 (0.10%)
10YR-Bond 4.607%; Down 0.048
NYSE Volume 2,625,847,000
NASD Volume 1,708,761,000
This marked the 6th consecutive record close for the DJIA today. Hardly anyone bothered noting that today was options expiration date for stock options. Japan's Nikkei closed down 0.45%; FTSE 100 in U.K. closed down 1.01%; Germany's DAX index was down 0.48%; France's CAC-40 closed down 1.20%.
The big deal of the day was the NYMEX (NMX) IPO. Almost nothing else came close to it in coverage. It was such a ridiculous IPO pricing at $59.00, because it opened at $120 out of the chute and closed at $132.99.
The homebuilding numbers tracked by permits and housing starts were just too weak to ignore at first, but they mostly recovered throughout the day. Lennar (LEN) closed down only -0.2% at $49.30, DR Horton (DHI)rose 0.6% to $25.10, and KB Home (KBH) rose 0.5% to $49.07.
Lower oil prices yet again didn't phase many key oil stocks with Exxon Mobil (XOM) rose 0.55% to $73.08 and Oil Service HOLDRs (OIH) rose 0.8% to $136.85.
Conor Medsystems (CONR) rose 18% to $32.68 after J&J (JNJ) offered $33.50 to acquire the company. SurModics (SRDX) rapidly fell on the deal because they coat the J&J Cypher stent now, but they issued a release stating they would still be used and so the stock ran up to close up 7.75% to $34.49.
H-P (HPQ) shares slid 1.25% to $24.94 despite beating EPS targets, as guidance is in-line.
After yesterday's earnings, Starbucks (SBUX) fell 5.1% to $37.42 because guidance was essentially the same as in its recent analyst meeting. Its revenues were deemed a tad light, but it was really large profit taking after a huge run.
Under Armour (UARM) rose 0.65% to $46.55 after Cramer last night said that it offered upside from current levels along with Nike (NKE).
Marvell Tech (MRVL) fell 2.9% to $19.04 after posting a sequential revenue decline.
Google (GOOG) was reiterated a Buy with a $600 target at Citigroup, but it never was able to crack $500.00. Its high was $499.85, and it closed up 0.58% at $498.79.
First Solar (FSLR) priced its IPO at $20.00 and closed up at $24.74.
Sony (SNE) saw its ADR's in the US trade up 2.1% to $40.79 as its long-awaited PS3 hit stores today.
Altria (MO) rose 1.7% to $85.01 after raising guidance and as its "lights" case appears to have permenently gone in its favor.
Foot Locker (FL) fell 2.7% to $23.27 after reporting a 2 percent decline in its third-quarter profit, and after the chances of a buyout are nearly gone.
Advanced Magnetics (AMAG) rose a sharp 29.8% to $57.00 after it reported promising results from a late-stage clinical trial for an iron-replacement therapy for chronic kidney disease patients.
Have a great weekend!
Jon C. Ogg
November 17, 2006
NASDAQ 2,445.86; Down 3.20 (0.13%)
S&P500 1,401.20; Up 1.44 (0.10%)
10YR-Bond 4.607%; Down 0.048
NYSE Volume 2,625,847,000
NASD Volume 1,708,761,000
This marked the 6th consecutive record close for the DJIA today. Hardly anyone bothered noting that today was options expiration date for stock options. Japan's Nikkei closed down 0.45%; FTSE 100 in U.K. closed down 1.01%; Germany's DAX index was down 0.48%; France's CAC-40 closed down 1.20%.
The big deal of the day was the NYMEX (NMX) IPO. Almost nothing else came close to it in coverage. It was such a ridiculous IPO pricing at $59.00, because it opened at $120 out of the chute and closed at $132.99.
The homebuilding numbers tracked by permits and housing starts were just too weak to ignore at first, but they mostly recovered throughout the day. Lennar (LEN) closed down only -0.2% at $49.30, DR Horton (DHI)rose 0.6% to $25.10, and KB Home (KBH) rose 0.5% to $49.07.
Lower oil prices yet again didn't phase many key oil stocks with Exxon Mobil (XOM) rose 0.55% to $73.08 and Oil Service HOLDRs (OIH) rose 0.8% to $136.85.
Conor Medsystems (CONR) rose 18% to $32.68 after J&J (JNJ) offered $33.50 to acquire the company. SurModics (SRDX) rapidly fell on the deal because they coat the J&J Cypher stent now, but they issued a release stating they would still be used and so the stock ran up to close up 7.75% to $34.49.
H-P (HPQ) shares slid 1.25% to $24.94 despite beating EPS targets, as guidance is in-line.
After yesterday's earnings, Starbucks (SBUX) fell 5.1% to $37.42 because guidance was essentially the same as in its recent analyst meeting. Its revenues were deemed a tad light, but it was really large profit taking after a huge run.
Under Armour (UARM) rose 0.65% to $46.55 after Cramer last night said that it offered upside from current levels along with Nike (NKE).
Marvell Tech (MRVL) fell 2.9% to $19.04 after posting a sequential revenue decline.
Google (GOOG) was reiterated a Buy with a $600 target at Citigroup, but it never was able to crack $500.00. Its high was $499.85, and it closed up 0.58% at $498.79.
First Solar (FSLR) priced its IPO at $20.00 and closed up at $24.74.
Sony (SNE) saw its ADR's in the US trade up 2.1% to $40.79 as its long-awaited PS3 hit stores today.
Altria (MO) rose 1.7% to $85.01 after raising guidance and as its "lights" case appears to have permenently gone in its favor.
Foot Locker (FL) fell 2.7% to $23.27 after reporting a 2 percent decline in its third-quarter profit, and after the chances of a buyout are nearly gone.
Advanced Magnetics (AMAG) rose a sharp 29.8% to $57.00 after it reported promising results from a late-stage clinical trial for an iron-replacement therapy for chronic kidney disease patients.
Have a great weekend!
Jon C. Ogg
November 17, 2006
China Car Market: What If Everyone's Market Share Goes Up 100%
Stocks: (GM)(F)(TM)(HMC)
Toyota says that its market share in China should rise 30% next year to about 400,000 cars. Ford says its share there should double next year. It has sold 118,000 cars through October. GM says it will increase it current share in Asia from 6.5% to 10% with most of the unit increase coming in China.
None of this includes the plans of companies like Nissan, VW, or DaimlerChrysler. Not to mentions the locals.
Perhaps China is growing so fast that all of the major car companies can reach a share of 100% in the huge Asian country. But, if that doesn't work, someone is going to be disappointed.
You can count on it.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
Toyota says that its market share in China should rise 30% next year to about 400,000 cars. Ford says its share there should double next year. It has sold 118,000 cars through October. GM says it will increase it current share in Asia from 6.5% to 10% with most of the unit increase coming in China.
None of this includes the plans of companies like Nissan, VW, or DaimlerChrysler. Not to mentions the locals.
Perhaps China is growing so fast that all of the major car companies can reach a share of 100% in the huge Asian country. But, if that doesn't work, someone is going to be disappointed.
You can count on it.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
Cramer Evaluates How To Trade The NYMEX IPO Today
On today's STOP TRADING segment on CNBC at 2:45 PM EST, Jim Cramer reviewed how to trade off the NYMEX (NMX) IPO today.
Cramer said the NYMEX (NMX) IPO is over-extended at +140%, but he says if it gets to $120 or $110 then you can buy some. He said something is wrong with this picture. He said there was a tremendous media sensation for the IPO and they did leave a lot of money on the table, but they got rich anyway.
He thinks NYSE (NYX) is far cheaper. He said it went a little nutty, but it is not a return to dot.com values.
Cramer also endorsed Sears Holdings (SHLD) again, just like last night. He thinks that Eddie lampert should be allowed to invest the funds because he is a great investor.
Cramer called Conor Medsystems (CONR) is a second rate company that J&J (JNJ bought after CONR missed its quarter. He wants to know why people aren't buying Boston Scientific (BSX). He thinks BSX is done going down and it could go to $18 ot $19 when he discussed it.
Jon C. Ogg
November 17, 2006
Cramer said the NYMEX (NMX) IPO is over-extended at +140%, but he says if it gets to $120 or $110 then you can buy some. He said something is wrong with this picture. He said there was a tremendous media sensation for the IPO and they did leave a lot of money on the table, but they got rich anyway.
He thinks NYSE (NYX) is far cheaper. He said it went a little nutty, but it is not a return to dot.com values.
Cramer also endorsed Sears Holdings (SHLD) again, just like last night. He thinks that Eddie lampert should be allowed to invest the funds because he is a great investor.
Cramer called Conor Medsystems (CONR) is a second rate company that J&J (JNJ bought after CONR missed its quarter. He wants to know why people aren't buying Boston Scientific (BSX). He thinks BSX is done going down and it could go to $18 ot $19 when he discussed it.
Jon C. Ogg
November 17, 2006
The Real Market for PS3: eBay, For More than $2,000
Stock Ticker: SNE
OK, we all have seen the media covering the swarms and swarms of young adults waiting in line at electronics stores around the country waiting to get their hands on the Sony Play Station 3. We had note dthat these were being listed for $2,000 and $3,000 for the voucher on eBay last month. Well, the consoles are going for north of $2,000 on eBay right now.
This is supposed to be THE big console with limited supply, but I can't get past reading about how many of the systems do not integrate well with most of the older games and how many defects or glitches there were in pre-reviews this week. It was also pretty shocking when I was in a GameStop store two weeks ago and asking about the console and the younger adult working there said to be sure to give this at least 3 large series of US shipments to the U.S. before buying it so that the first machines with all the glitches had been worked out and the returned systems were out of the system. I asked how long that would really be and the guy said "4 to 6 months." Now one thing that may trim that time down by a month or so is that these for now are being flown in by air freight, or at least so Sony claims. That was a stun to me what someone whose job is supposed to be to sell these systems.
Take a look at what these are selling for on real bids on eBay as of 2:22 PM EST Today after typing in "PS3" search on eBay items:
OK, we all have seen the media covering the swarms and swarms of young adults waiting in line at electronics stores around the country waiting to get their hands on the Sony Play Station 3. We had note dthat these were being listed for $2,000 and $3,000 for the voucher on eBay last month. Well, the consoles are going for north of $2,000 on eBay right now.
This is supposed to be THE big console with limited supply, but I can't get past reading about how many of the systems do not integrate well with most of the older games and how many defects or glitches there were in pre-reviews this week. It was also pretty shocking when I was in a GameStop store two weeks ago and asking about the console and the younger adult working there said to be sure to give this at least 3 large series of US shipments to the U.S. before buying it so that the first machines with all the glitches had been worked out and the returned systems were out of the system. I asked how long that would really be and the guy said "4 to 6 months." Now one thing that may trim that time down by a month or so is that these for now are being flown in by air freight, or at least so Sony claims. That was a stun to me what someone whose job is supposed to be to sell these systems.
Take a look at what these are selling for on real bids on eBay as of 2:22 PM EST Today after typing in "PS3" search on eBay items:
9919 items found for
PS3
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