FRE posts
FeedPosted Oct 19th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Sprint Nextel Corp (S), CIT Group (CIT), Federal Natl Mtge (FNM), Amgen Inc (AMGN)

Despite a
cautious report from home builders and despite a low volume day, today marked a clear win for the S&P 5000 and for the DJIA. The S&P broke through 1,100 and the DJIA broke through 11,000. We also had two mergers this morning, and while small they are signs that companies are willing to merge once more.
Here were today's closing bell levels:
Dow 10,090.76 +94.85 (0.95%)
S&P 500 1,097.52 +9.84 (0.90%)
Nasdaq 2,175.83 +19.03 (0.88%)
Top 10 Analyst CallsTop Day Trader AlertsTop Stock Rumors Continue reading Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)
Posted Oct 19th 2009 12:50PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Estee Lauder (EL), Caterpillar (CAT), Halliburton (HAL), American Express (AXP), Federal Natl Mtge (FNM), Mattel, Inc (MAT), Southwest Airlines (LUV), Analyst initiations, Deere and Co (DE), Marvell Technology Group (MRVL)
Analyst upgrades:
- American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
- RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
- Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
- Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
- Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
- Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
- China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.
Continue reading Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....
Posted Sep 30th 2009 9:50AM by Jim Cramer (RSS feed)
Filed under: Market matters, Citigroup Inc. (C), Bank of America (BAC), CIT Group (CIT), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Wells Fargo (WFC), Cramer on BloggingStocks, MBIA Inc (MBI)
TheStreet.com's Jim Cramer says this year will see the mirror image of last year, when redemptions ended the game for many managers. One year ago today, a quarter ended that put hundreds of bullish hedge funds out of business. Today, a quarter ends that will put hundreds of bearish hedge funds out of business.
Oh, sure, last year some of the bulls were able to stumble through the fourth quarter, but October was a horror show and they ended up getting huge redemption letters and spending the rest of 2008 selling into the strength of the rally to return capital to investors and lock in losses.
Continue reading Cramer on BloggingStocks: Here comes the death of the bearish funds
Posted Sep 14th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market matters, Citigroup Inc. (C), Regions Financial (RF), Bank of America (BAC), Federal Natl Mtge (FNM), Goldman Sachs Group (GS), Morgan Stanley (MS), Amer Intl Group (AIG), Wells Fargo (WFC), Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says everyone in the trenches knows we're better off now -- only the academics disagree. Am I nuts, or am I missing something? One year after the financial system was brought to its knees, we are back in the mid-9000s and we have taken off the table massive bank risk and are well on our way to recovery.
I keep listening to people like Nobel Prize winner Joseph Stiglitz say the banking system is worse off now and I say to myself, "That's just stupid and wrong and anti-empirical and actually just silly." Anyone who knows what's really going on has to feel this way. And where was Stiglitz when some of us were running around trying to save things?
Continue reading Cramer on BloggingStocks: Worse after Lehman? Are you kidding me?
Posted Aug 27th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Citigroup Inc. (C), Sprint Nextel Corp (S), CIT Group (CIT), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Alcatel-LucentADS (ALU), Vonage Holdings (VG), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the bizarre rules these days make it worth looking at stocks through a different lens.
How much should we care about low-dollar speculation? How much should we care about the incessant trading in CIT (NYSE: CIT) (Cramer's Take) and Fannie Mae (NYSE: FNM) (Cramer's Take), Alcatel-Lucent (NYSE: ALU) (Cramer's Take), or Vonage (NYSE: VG) (Cramer's Take) and Sprint (NYSE: S) (Cramer's Take)? Or even Citigroup (NYSE: C) (Cramer's Take)?
First, I have to tell you that I worry about it less than I used to. Why? Because when we used to have rules and government officials that were willing to speak the truth about stocks, we wouldn't have these single-digit players out there every day. But without it, how in heck can people not believe that Fannie and Freddie Mac (NYSE: FRE) (Cramer's Take) are the biggest and best bets on a turn in housing?
Continue reading Cramer on BloggingStocks: Reasonable speculation
Posted Aug 21st 2009 4:09PM by Jon Ogg (RSS feed)
Filed under: AT and T (T), Federal Natl Mtge (FNM), Intuit Inc (INTU), salesforce.com inc (CRM), Suntech Power Hldgs ADS (STP)

Today was an options expiration date, and the stocks closed higher. We had strength early on from Europe, but then some very surprisingly good housing data caused added cheer. The data was taken as permanent, but much still points toward the bump up
being temporary. Even a negative call for
222 more bank closures by Meredith Whitney failed to jolt the markets.
Here were today's unofficial closing bell levels:
Dow 9,502.33 +152.28 (1.63%)
S&P 500 1,025.68 +18.31 (1.82%)
Nasdaq 2,020.36 +31.14 (1.57%)
Continue reading Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE)
Posted Aug 11th 2009 10:10AM by Jim Cramer (RSS feed)
Filed under: Market matters, Regions Financial (RF), CIT Group (CIT), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Stocks to Buy, Cramer on BloggingStocks, E*TRADE (ETFC)
TheStreet.com's Jim Cramer says many stocks, considered frothy at one time, have turned into good turnaround stories. Here's still one more version of a short-seller's nightmare. What happens when froth turns to investible? What happens when you see behavior that clearly indicates froth and then, somehow, the fundamentals change, and the stock takes off?
We have seen that recently in so many situations that it is pretty dazzling. It was one thing to see
Genworth (NYSE:
GNW) (
Cramer's Take) back from the dead on its own.
Continue reading Cramer on BloggingStocks: From froth to investible
Posted Aug 10th 2009 4:05PM by Jon Ogg (RSS feed)
Filed under: Microsoft (MSFT), Chevron Corp (CVX), Federal Natl Mtge (FNM), AMR Corp (AMR)

Today was one of those Monday trading session that had no real direction and no real data to digest on a macro basis. So traders decided to lighten up after the big runs we have seen, particularly after four weeks of the markets rallying. There is also probably a sense of locking in some gains in case the two day FOMC meeting this week starts to take on a less free-money tone. Here were today's unofficial closing bell levels:
DJIA: 9337.18(-0.34%)
S&P500: 1005.89 (-0.46%)
NASDAQ:1992.24(-0.40%)
Top Analyst Calls:LogMeIn Inc. (NASDAQ:
LOGM) saw its quiet period end after its July 1 IPO date. Most analysts gave it a
positive outlook and favorable rating, yet shares were down over 6% at $16.80 very late in the trading session.
AMR Corp. (NYSE:
AMR) was weak all day. The parent of American Airlines may have more regulatory reviews as it and British Air will have to face a review over the Oneworld Alliance in antitrust matters at a joint hearing next month. Shares were down 4% at $5.71 in the final minutes of the day.
Continue reading Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT)
Posted Jun 22nd 2009 10:40AM by Elizabeth Harrow (RSS feed)
Filed under: Federal Natl Mtge (FNM), Politics, Housing
Outspoken congressman Barney Frank has no shortage of critics, and they're sure to be out in force today. This morning, The Wall Street Journal reported that the chairman of the House Financial Services Committee, along with his colleague Anthony Weiner, is actually recommending that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) relax their lending standards on condominiums.
The controversial request follows a decision by both Fannie and Freddie to tighten mortgage-lending standards for condos. In March, Fannie said it would no longer guarantee mortgages on condos in buildings where fewer than 70% of units have been rented, up from its previous benchmark of 51%. Freddie is due to implement similar measures in July. In a letter to the CEOs of both mortgage lenders, Reps. Frank and Weiner expressed their concerns that the higher standard "may be too onerous," and asked the lenders to "make appropriate adjustments" to their approach.
Continue reading Barney Frank encourages Fannie, Freddie to relax lending standards
Posted Jun 8th 2009 2:00PM by Daleela Farina (RSS feed)
Filed under: Forecasts, Conventions and conferences, Federal Natl Mtge (FNM), Housing, Recession, Financial Crisis
In celebration of Barry Ritholtz's critically-acclaimed new book Bailout Nation, he held The Big Picture Conference, which I was fortunate to attend.
Here are the main points from the most reputable speakers, Congressman Alan Grayson, Nassim Taleb, Doug Kass, and Josh Rosner.
Florida Congressman Alan Grayson discussed how systemic risk is an excuse for socialism and that interconnectedness is the main reason that these institutions are "too big to fail." In fact, these institutions no longer hold social or economic purpose, they are simply too big to exist.
Continue reading The 'big picture' of our economy
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