Date updated:04-08-2009
Earnings season is upon us, with Alcoa (AA), Bed Bath & Beyond (BBBY) and others kicking it off after the bell on Tuesday.
On Tuesday, stocks geared up for the season by continuing down Monday's path, led by International Speedway (ISCA), down 23.8% on reduced profit and revenue forecasts, and YRC Worldwide (YRCW), down 25.3% after filing with the SEC that it now estimates fewer-than-expected facilities at the end of 2008.
Most financial companies were down, including AIG (AIG), which The Wall Street Journal reported is attracting various potential bidders. The stock closed down 5 cents, or 4.6%, at $1.05. Bank of America (BAC) lost 1.6% to close at $7.36, and Wells Fargo (WFC) lost 2.6% to $14.85, but Citigroup (C) bucked the trend and closed up 1.5% at $2.76.
The Nevada Gaming Controls board reported an 18.1% loss in casino revenue, sending stocks much lower, including MGM Mirage (MGM), which also received a downgrade to sell from TheStreet.com Ratings.
With this in mind, we thought we'd take a closer look at some of the day's headlines and see what Jim Cramer's had to say about stocks related to the news.

-
CSCO
Cisco Systems - $23.82
- -0.46%
- $23.71
"There was a terrific story out of Australia last night, for example, which talked about how Cisco (CSCO) might getting a share of a $30 billion stimulus for cell phones." ("What to Do Now," 4-7-09) ... In other news, Cisco's down for the second day in a row, and its recent quarter was "nothing to write home about," said Cramer, but he still sees potential. "Maybe next year's going to better than this year," he said. "I just don't want to write off Cisco right now." ("Stop Trading!" 4-7-09)

-
RIMM
Research In Motio - $58.72
- 0.00%
- $N/A
"Research In Motion (RIMM) and Apple (AAPL) don't have it so far today, and that's a sign of exhaustion because these have been reluctant to quit, and I am surprised that the big buyers aren't back yet." ("What to Do Now," 4-7-09) ... Cramer said he too is bullish on Research In Motion. The company reported a better-than-expected quarter on April 2, beating Wall Street estimates by 8 cents a share and delivering better-than-expected guidance. The company is also adding subscribers and aggressively cutting costs that is leading to higher margins for the company. Trading at just 16 times earnings, Cramer said Research In Motion deserves to go higher. ("Mad Money" 4-7-09)

-
AAPL
Apple Inc. - $194.34
- +0.16%
- $193.00
"Research In Motion (RIMM) and Apple (AAPL) don't have it so far today, and that's a sign of exhaustion because these have been reluctant to quit, and I am surprised that the big buyers aren't back yet." ("What to Do Now," 4-7-09)

-
XOM
Exxon Mobil Cp - $72.58
- +0.11%
- $71.82
"But the biggest contributors to the S&P 500 decline are Exxon (XOM) and Chevron (CVX), and the two ex-dividend plays AT&T (T) and Verizon (VZ), which would indicate a bit of a benign selloff." ("What to Do Now," 4-7-09)

-
CVX
Chevron Corp - $77.53
- +0.38%
- $76.57
"But the biggest contributors to the S&P 500 decline are Exxon (XOM) and Chevron (CVX), and the two ex-dividend plays AT&T (T) and Verizon (VZ), which would indicate a bit of a benign selloff." ("What to Do Now," 4-7-09)

-
T
At&t Inc. - $25.93
- -0.04%
- $25.86
"But the biggest contributors to the S&P 500 decline are Exxon (XOM) and Chevron (CVX), and the two ex-dividend plays AT&T (T) and Verizon (VZ), which would indicate a bit of a benign selloff." ("What to Do Now," 4-7-09)

-
VZ
Verizon Commun - $29.56
- +0.85%
- $29.26
"But the biggest contributors to the S&P 500 decline are Exxon (XOM) and Chevron (CVX), and the two ex-dividend plays AT&T (T) and Verizon (VZ), which would indicate a bit of a benign selloff." ("What to Do Now," 4-7-09)

-
EMR
Emerson Elec Co - $41.23
- +0.27%
- $41.03
"So what am I doing? Letting some oils go after a big run to set up for a retest of the low $40s. Watching the industrials for an entry level -- too high now but a heartening situation developing in Emerson (EMR) -- and betting on a contained downturn despite the equal-opportunity bashing of Mark Faber and George Soros. In other words, I'm looking to buy a little lower, but not yet." ("What to Do Now," 4-7-09)
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By Roberto Pedone Posted on Nov. 6, 2009 According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you ...
By Roberto Pedone Posted on Nov. 5, 2009 The traders on CNBC’s “Fast Money” told their viewers what they must know after Warren Buffett announced on Tuesday his l...
By Jonas Elmerraji Posted on Nov. 4, 2009 For investors who seek out short-squeeze opportunities, there’s no time as important as earnings season. Earnings are one of...
By Stockpickr Staff Posted on Nov. 4, 2009 Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is...
A. The only one I own : SLX,
too hard pick a winner out all of them
Here are some of the biggest stocks that made the 52-week high list on Nov. 2, 2009. more
Analyst Downgrades for Nov. 2, 2009. Read more here. more
Analyst Upgrades for Nov. 2, 2009. Read more here. more













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