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Cramer on BloggingStocks: Endless Caveats Don't Make You Any Money

The Street.com's Jim Cramer says that he's making it his mission in 2010 to call out people in the media who provide no value.

Have you ever noticed that with every good housing report there are endless caveats:

1. Prices are still down year over year.

2. The home tax credit of $8,000 moved the house, and that will go away.

3. Home mortgages are artificially low because of the Fed.

4. Banks have more foreclosures on their balance sheets than before.

5. Foreclosures continue to occur.

6. Everything will slip back to imbalance when the credit goes away.

Continue reading Cramer on BloggingStocks: Endless Caveats Don't Make You Any Money

Analyst calls: ANN, CSUN, BBT, CVC, VRGY, CME ...

Analyst upgrades:
  • Citigroup raised Ann Taylor (NYSE: ANN) to Hold from Sell. The firm upgraded shares following the company's Q2 upside and believes guidance for the second half of 2008 is appropriately conservative.
  • Jefferies upgraded China Sunergy (NASDAQ: CSUN) based on valuation,and improved liquidity and silicon supply outlook.
  • Stephens upgraded infoUSA (NASDAQ: IUSA) shares to Overweight from Equal Weight to reflect the stock's valuation, new management, improvements in expense controls and the potential to become a takeover target.
  • Citigroup raised BB&T (NYSE: BBT) to Buy from Hold.
  • Stifel upgraded Leggett & Platt (NYSE: LEG) to Buy from Hold.
Analyst downgrades:
  • Citigroup downgraded Cablevision (NYSE: CVC) to Sell from Buy as they do not expect the company's structural moves to unlock value.
  • Wachovia dropped Knight Transportation (NYSE: KNX) to Market Perform from Outperform based on valuation.

Continue reading Analyst calls: ANN, CSUN, BBT, CVC, VRGY, CME ...

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 07:41 PM

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