Wall Street Addict

Erin Burnett started the show today asking if CITI Group's decision to sell almost 5% of their company to the Arabs was such a good one. Also that crude oil is down about 3%. Steve Leisman says that focus is being taken off the weak dollar and on to the weak economy. Future plans are in effect for the improvement of consumers concern with the state of the economy and risk of recession. Abu Dhabi has paid over $7 B (The biggest purchase of an American Company buy a foreign) to make part of CITI. Arabs are looking for financials, homebuilders and hotels. Anything from actual buildings to stock equity sharing on the financial sector side are up for grabs. Sen. Chuck Schumer of New York shows concern for a continuing opportunity for American investments. As a democrat, free trade is not a top priority for him, and he wants to avoid building walls in between Americans and business buy giving power to foreign investors. The Arabs say they have no interest in board or managerial roles, only to play as a passivist support group who believes in the potential of American companies. David Weber says MasterCard (MA) and Research in Motion (RIMM) are his picks for the day. Next, there was the real estate market. David Blitzer of Standard and Poor's says that prices are driving foreclosures, resulting in a 524,000 fewer jobs and $6.6 billion lost in taxes. Also that a mass amount of foreclosures are driving the prices of surrounding homes down. The worst hit is New York at a loss of over $10 B. You can keep updated by visiting; realtycheck.cnbc.com. Next, Russia will be electing a parliament on Sunday, Dec 2nd. Julian Mayo of U.S Global Investors Eastern Europe Fund says that increased certainty is acknowledged for the outcome, being in supporters of Vladmir Putin's favor. The Russian market is leading the world. Utilities and Telecomm are the top performers in Russia. An update for CITI Group says that the company has not closed off opportunities for foreign purchase and investment. Rick Santelli of CNBC says that apparently CITI is looking for more than $7.5 B. and a loss of ownership by more than 5%. David Faber of CNBC says that raising capital will be the main concern for financial institutions as a result of CITI's decisions. More write-downs to come for consumers, and more capital to be raised will likely come from Arab investors and foreign petroleum dollars. Jim Cramer with Stop Trading was next. American International Group (AIG), and JP Morgan (JPM) are among his choices for likely candidates for middle eastern investors. He says that more capital for the corporations should be a positive thing for consumers. Jim Goldman of CNBC says that Verizon (VZ) announced that they will promote unrestricted access. This makes Verizon a much stronger competitor in the future. With 64M wireless customers in the U.S, Verizon will cause even more problems for companies such as Sprint and Nextel.

Labels: Abu Dhabi, AIG, Citigroup Inc., CNBC, CNBC's Stop Trading, Erin Burnett, Jim Cramer, Jim Cramer's Stop Trading, JPM, MA, RIMM, Sprint Nextel, Street Signs, street signs recap, VZ

Melissa Francis hosted. First topic was Citi Group selling nearly 5% of itself to Abu Dhabi for $7.5 B. The search for a new CEO has proceeded, and sights some impressive candidates to manage a decision for the new leader of the company. Dylan Ratigan of CNBC says that the $7.5 B that has come into the banking system will typically manifest itself and produce positive results for the company, as well as the financial sector markets. Next, the real estate market was discussed. Home prices fall almost 5% in the 3Qm, says David Blitzer of Standard and Poors. He adds that if you are looking to invest in an expensive family home, a smart decision would be to wait until next quarter or even longer, to give the market time to adjust. Grover Norquist of Americans for Tax Reform says that talks of tax cuts have hit the presidential trail to stimulate the economy. Robert Mcintyre of Citizens for Tax Justice says that the U.S should not cut taxes because the country is broke. The Bush tax cuts are expected to expire at the end of 2010. Dawn Bennet of Bennet Group says that tax cuts are a great way to produce liquidity. $745 B is the increase over the past 4 years in tax receipts thanks to the Bush's tax cuts. Next Oil prices have fallen sharply. Down almost 3% since yesterday, it is sighted that there has been a major increase in sweet crude oil production. Next was the food fight. Michael Jacobson of NYC Board of Health says that calorie count at all restaurants is the aim for New York. To protect the health of consumers or at least have the information present for them to see is the step that they are trying to take to affect the obesity problem in our country. Matt Patsky of Winslow Management says that United Natural (UNFI) is his pick of the day. Organic and natural foods will grow faster than other food products. Sunpower (SPWR) a solar power provider is also a pick. Next, Facebook is opening doors for small businesses. Used as a marketing tool, Facebook has added one page devoted to small business as a result.

Labels: Abu Dhabi, bennet group, Citigroup Inc., CNBC, CNBC's The Call, facebook, melissa francis, SPWR, UNFI

Erin Burnett started the show today showing crude oil up about $0.40. Financial earnings are predicted to be down for the next few days. Fannie May seems to be taking a dip downward. HSBC Holdings (HBC) is noted as being one of the financials with weak stock. Electronic sales have actually shown an increase despite the weak retail market. Homebuilders lead decline. Steve Liesman gives the econ recon, saying investors are scrambling to buy junk bond yields which have shown a rapid incline in valuable stock. The stock in credit companies are reported as being much weaker than the drop that was seen back in August. Lewis Alexander a Citi Chief Economists says that the drop we see in short term stocks will be short lived and a dependence on the FED to contain the financial stress, will affect our resilience to a recession. Brian Shactman of CNBC says that Cyber Monday did not act as the number online sales day of the year. 72% of online retailers give Cyber Monday "deals," compared to 43% last year. Such as free shipping costs and percentage slashing. Sales are expected to break $700 M for this year's Cyber Monday. Wal-Mart, Target and JC Penny are among the top contenders for promotional sales. E-Bay and Amazon.com are doing very well along with direct company sales websites. Next, China was discussed with John Maziotti, mayor of Palm Bay, FL. He is part of the proposed ban on goods from China. Proposed ban does not include emergency products. Palm Bay are looking for funds to be raised for a "made in America" Christmas tree lighting. He says the loss of jobs and the unhealthy variables included in imported products from China are the main issues backing the proposed ban. Robert Shuller of Macro-Markets says that to fix the housing market in the long term is going to take the creation of a consumer-oriented focus. To offer mortgages with outs in the initial contract will be one of the first issues on the reform list. Stop Trading with Jim Cramer was next. He supports the proposed ban on importing Chinese manufactured goods. Garmin (GRMN) is recommended to buy and sell 18 months from now. Richard Peterson from Thomson Financial says that this will be a record high for global IPO's. Russia leads with $8 B, New York in 4th place with $4.3B, but leads the market in American currency exchanges. Jim Goldman of CNBC reports that Yahoo (YHOO) small business servers are down. Hosting 3 million sites this will be causing some problems says Jim Goldman. Oil is responsible for 33% of Yemen GDP.

Labels: Amazon.com, China, CNBC, EBAY, Erin Burnett, JCP, Jim Cramer, Mad Money, Street Signs, street signs recap, TGT, Wal-Mart

The Dow closed down 218 points and the Nasdaq fell 43 points on Monday. Finerman sees storm clouds are everywhere and the Goldman downgrade of Citigroup (C) really hurt the markets. Najarian had a fun day trading. He also thinks the financial sector is in big trouble and he is extremely worried about General Motors (GM) which fell below $27.
Louise Yamada, a highly ranked technician on Wall Street, joined the show to discuss her analysis on the technicals of the market. She is currently worried that the S&P 500 could break 1406, which would signal to her an end of the longer-term uptrend. Yamada is still bullish on Cisco Systems (CSCO) and she would look to buy pullbacks on the name. She looked at the chart on Broadcom (BRCM) calling it a sell because it hasn't followed through after a false break-out. The chart on Coca-Cola (KO) is initiating an uptrend according to Yamada, so she would be a buyer of KO. Bed Bath and Beyond (BBBY) should be sold.
Retail
Nordstrom (JWN) reported a 22% rise in third-quarter profits helped by an extra week of sales.
Sears Holdings (SHLD) disclosed it has taken a 13.7% stake in Restoration Hardware (RSTO) and the possibility of proposing an acquisition.
Target (TGT) is set to report earnings Tuesday before the opening bell.
Hewlett-Packard (HPQ) clocked a 28% jump in profits off of strong notebook sales.
Medtronic (MDT) reported a 2% decline in profits, but the stock trades 3% higher after hours.
Lowe's (LOW) dropped 7% after reporting a 10% decline in profits due to the weak housing market.
Celgene (CELG) bought Pharmion (PHRM) for $2.9 billion. Adami thinks that Phizer must make a similar acquisition.
EchoStar (DISH) shares exploded higher Monday after Citigroup said there was a 65% chance that AT&T (T) will buy DISH.
Ultimate Fighting is now the fasting growing spectator sport in the United States. Macke says look for growth in cable companies and satellite companies like Viacom (VIA) and EchoStar. He also thinks makers of energy drinks like Coca-Cola will benefit. He said avoid the World Wrestling Entertainment (WWE) because the UFC is taking share. Lastly, Macke speculated that Anheuser-Busch (BUD) could be near a beverage deal with the UFC.
Pops & Drops
Pops - Xerox (XRX) traded up 2%.
Intercontinental Exchange traded up 3%
VeriSign (VRSN) traded up 2%.
Drops - E*TRADE (ETFC) fell 13% even with speculation of a takeover by Ameritrade (AMTD)
Wynn Resorts (WYNN) fell 7%
Genesco (GCO) plunged 24%.
Disney (DIS) fell 4%
General Motors (GM) fell 8% after the automaker announced plans for year-end discounts to clear out inventory.
Dillard's (DDS) fell 5%.
Tween Brands (TWB) fell 13%
Final Trade
Macke would purchase Dicks Sporting Goods (DKS) and Target on any selloff Tuesday
Najarian advises buying EchoStar (DISH) on a pullback under $44.
Finerman is long Goldman Sachs Group (GS) and short Lehman Brothers Holdings (LEH).
Adami recommends Vodafone Group (VOD) for a play on China.

Labels: BBBY, BRCM, CELG, Citigroup Inc., CNBC, CNBC's Fast Money, CSCO, DISH, Dow Jones, Fast Money Recap, GM, HPQ, JWN, KO, LOW, MDT, Nasdaq, PHRM, SHLD, TGT

Erin Burnett began Friday's show talking with Paul Hickey about market correction. He said it is beginning to show signs of improvement. Earnings season is winding down, and the performance is usually around 3%. Market returns usually about 5x greater than in the off season. He talked about Cisco being an international company and they are doing pretty well.
Be Like Buffet: Erin then talked with Gerald Martin about Warren Buffet and his trading techniques. They did a study with Berkshire, which ended up beating the S&P averages. Buffet's Berkshire outperformed the market 28 of the last 31 years. Over 75% of Buffet's portfolio earnings are within 5 stocks. Erin recommended buffetwatch.cnbc.com as a reference point.
Erin came back discussing China's booming market, especially in the chemical sector. Frank Mitsch said that he does not believe China will be self-sufficient in chemicals any time soon. He believes less than 5% of demand in China is a result of the Olympics. Arch Chemicals will show large growth.
William Chiles: Bristow Group CEO was on the show. Bristow operates more than 500 helicopters that transport crews to oil rigs to 22 countries all over the world. He recently ordered 7 new Sikorsky helicopters for $100M. Their fastest growing areas are Southeast Asia and West Africa. Looking at the arctic, east Africa, and South America. Crude oil was at $94.85.
The Bond Report: Santelli discussed credit markets and their current rates. They have had the lowest yield closes in 32 months. Demand for treasuries is distorting the drop in rates.
Abu Dhabi announced an 8% stake in AMD, worth more than half a billion dollars. Should the US be worried? Alan Tonelson thinks it's a problem, because we don't have a good fix about international politics of Persian golf countries. Risk of AMD chips ending up in hands of rogue scientists. Todd Malan disagrees and thinks it's the same as buying stock in the open market. Some of these chips are involved in weapon design so burden of proof becomes an issue. US is exporting healthcare to Abu Dhabi. Dr. Cosgrove talked about Cleveland Clinic being involved in the first US hospital to go up in Abu Dhabi. It is a 15 year project attempting to keep people in UAE for healthcare. The doctors are only on one-year contracts with no tenure. It is a contract which does not put CC at risk. He said that healthcare is one of our top exports.
Stop Trading with Jim Cramer: Cramer discussed his retail trades. He said distinguish between companies with inventory and discounted inventory. JCPennys configured wrong. Cramer said Kohl's is a premium retailer that has done well. He said it will go to $60. Avon is at a 52-week high. Cramer said it is going up $3. Hewlett-Packard (HPQ) is a strong, very cheap stock. He said its upgrade is right on. His middle-east plays were Halliburton (HAL), which is one of his stocks of the year.
The Real "Friday Night Lights." Talked about high school football in Texas and the NBC TV drama. They discussed the huge demand for the season tickets and the price people are willing to pay for them. The "Dragons" have lost only 2 games in 6 years and draw in crowds of more than 11,000. Their playoff game will be played at the Dallas Cowboys stadium.
Erin finished the show talking about the booming middle-eastern market. She said 80% of the fortune 500 companies have involvement in Dubai.

Labels: AMD, Bristow Group, CNBC, CNBC's Stop Trading, Erin Burnett, HPQ, Jim Cramer, Santelli, Street Signs, street signs recap, Warren Buffet

Erin Burnett hosted. Steve Leisman says the head of Wells Fargo says the housing market is approaching the largest threat since the great depression. Julia Coronado of Barclays Capital says that consumer spending will depend on the income. As long as the labor and retail markets are thriving, consumers will be buying products and there will not be a recession or a slight-depression during the upcoming holiday season. Steve Leisman says recession is caused by consumers that are unprepared, and as long as the consumer knows their budget and their personal spending is all in balance, there should not be worry during the 4th quarter. Next was flipping foreclosures with Barbara Concoran of NBC Real Estate. Sacramento, Cleveland and Miami are among the hot spots for foreclosures. Investors, clubs, sharks and charity groups are all buying foreclosures. High stakes and high rewards are the names of the foreclosure game. If done correctly the reported typical gain is around 20% on foreclosure flips. Next, Chinese toy safety was covered by Scott Cohn of CNBC. In Beijing, since the toy recalls the Chinese toy companies have been very busy. Official standards are not existent, and independent inspectors are the preferred method for testing on which toys and how many toys. The toy industry is working on mandatory random testing for all of the toys made in China, and for some toys a recall faze all the way back to the design of the toys. Rick Santelli with the bond report presents 2 yr note and 5 yr note as an anxiety surge for investors. Madagascar as the next oil hot spot was the next topic. Alex Archilla os Madagascar Oil says that 17 B is there 10B is recoverable. Bermolonga is about 1/3 of the size of most mining projects in Canada. But 7-10 Billion barrels of recoverable oil at least matches that of other oil reserves around the world. He says that Madagascar Oil is still working with different firms to establish the very best technology to use in recovery of these natural resources. Madagascar Oil is an upstream natural gas and oil company that we will hear more of in years to come. Stop Trading with Jim Cramer was next. He says that Wells Fargo (WFC) and Fannie May are both off his list.

Labels: CNBC, Erin Burnett, Jim Cramer, Street Signs, street signs recap

Trish Regan hosted Thursdays show. Thanksgiving gas prices were the first topic. A CNBC survey says that 80% of people will travel by car; and over 2.6 million people to travel more than 50 miles. The forecast for Thanksgiving gas prices is about $90/barrel. The average price per gallon of gasoline for the country is currently about $3.19. Next, the XM/Sirius merger. Gary Parsons, XM Satellite Radio Manager, says the merge is still awaiting FCC and DOJ approval. XM subscribers make XM Satellite the #1 radio program in the world. The future of Satellite Radio, after the merge with XM Satellite, will provide radio stations for the entire family as well as the individual. Gary Parsons says that there is only about 3-4% of the people in the world that listen to Satellite Radio. There goal is to get those numbers up to 10-12%, and provide the very best quality and bang for the consumers buck as possible. This is good news for investors, says CNBC. There is not enough room for both Satellite Radio giants to roam within the market. The merge is a great proposal says Steve Liesman. Next was Home Healthcare. Home Healthcare is a $52 B business. Bill Bonella of Wachovia says there is great growth potential for these sorts of programs that bring healthcare to the patient. Whether it be a chronic disease or aging, Home Healthcare is being sought as the choice for much of the sick and elderly across the country.

Labels: CNBC, CNBC's The Call, SIRI, Sirius, The Call, trish regan, XM Satellite Radio

Erin Burnett began Wednesday's show discussing NYSE CEO John Thain going to Merrill. Charlie Gasparino of CNBC says, for John, it will be a huge undertaking and may have to lay some people off in the beginning. Merrill Lynch is refusing to confirm or report on the new CEO. Dennis Kneale of CNBC says NYSE president Duncan Niederauer will also become NYSE CEO. Niederauer says that electronic stock trading without human intervention is still questionable as the best model for trade. He will be working for a model of 21st century trading in months to come. Next, Tracy Krohn of W&T Offshore (WTI) says that he and his company are focusing on the Gulf of Mexico. W&T Offshore has interests in over 2 billion acres of natural resources. 65% of W&T's reserves are developed and 55% of them are natural gas reserves. They also have 200 exploration fields in federal and state waters, and say if there is a change in the eastern seaboard drilling restrictions W&T will be prepared. Next was the weak dollar. Robert Kessler of Kessler Companies says U.S treasuries often profit when other asset classes loose value. Investors in treasuries don't have to worry about a recession. Rick Santelli of CNBC says United Airlines and Delta Airlines are discussing a possible merge. Steve Liesman of CNBC says the Federal Reserve Board will be opening up with forecasts and predictions for the upcoming year. These reports will be covering inflation, and the potential of the current economy. Robert McTeer of the National Center of Analysis says the fed hopes to improve accountability and understanding of monetary policy in televised forecasts in the future. He says the fed will make these forecasts more frequent and more transparent. The Federal Government will compile and release projections four times a year rather than two. Stop Trading with Jim Cramer was next. Jim Cramer said Duncan Niederauer will do a great job as CEO of NYSE Euronext (NYX), adding that Niederauer has learned a tremendous amount since joining the exchange several months ago. Niederauer had previously been a trader at Goldman Sachs (GS).

Labels: CNBC, Duncan Niederauer, John Thain, MER, NYSE, Street Signs, street signs recap, WTI

The Dow finished down 83 points and the Nasdaq closed down 29 points. Macke explained to investors that the morning selling of the four horseman like Google (GOOG), Research In Motion (RIMM) and Apple (AAPL) lead the market down.
Delta Air Lines (DAL) denies reports of merger talks with United Airlines (UAUA). Adami thinks that any rally in the airline stocks should be sold. Najarian says if a merger was going to happen thinks the play would be Northwest Airlines (NWA). Airbus SAS and Boeing (BA) released a report that said this year will mark the peak in orders for airplanes. Finerman disagreed with the report and her advice to investors is to buy Kaiser Aluminum (KALU). Adami likes Honeywell (HON) for an aerospace play.
The New York Times published an article about Luluemon athletica (LULU) saying the clothing made of seaweed doesn't have any seaweed in it.
A $5 billion bond fund run by General Electric (GE) is offering investors a redemption of 96 cents on the dollar.
Asset Managers: Adami's personal favorite asset manager is Affiliated Manager's Group (AMG). He picks AMG for a baby boomer play and because it is insulated from subprime. Finerman agrees on AMG and she also likes Ameriprise Financial (AMP) and Charles Schwab (SCHW). Najarian suggests purchasing the recently punished names like PMI Group (PMI), Ambac (ABK) and MBIA (MBI).
Starbucks (SBUX) is set to report earnings on Thursday after the close. Macke says Starbucks has slowing growth and difficult comps, so the way to play this is to buy McDonald's (MCD). He mentioned that McDonald's competing directly against Starbucks in the coffee market.
Word on the Street
Crude oil closes up 3.4% to $94.30. Adami still thinks oil goes lower and he was disappointed that Tesoro (TSO) didn't trade higher with oil.
Network Appliance (NTAP) tops second-quarter profits and guides third-quarter above Wall Street estimates.
Najarian noted unusual options activity inSavient Pharmaceuticals (SVNT).
Pops & Drops
Pops - E*TRADE (ETFC) traded up 11% after CEO Mitch Caplan told CNBC that the online brokerage firm isn't going bankrupt.
iShares FTSE/Xinhua China 25 Index (FXI) traded up 2% following the Asian market rally.
Ventana Medical (VMSI) traded up 6%
MetroPCS (PCS) traded up 10%
Gilead (GILD) trades up 2% after Stifel Nicholas raised their price target to $52
Drops - Wendy's (WEN) fell 3%
United Rentals (URI) plunged 30%
Blockbuster (BBI) fell 6%.
Time Warner (TWX) fell 4% after a large block trade crossed the tape.
Disney (DIS) fell 4%
Final Trade
Macke suggests getting long the Dow30 Short Proshares (DOG) for a trade.
Adami and Najarian like EMC (EMC) off of Network Appliance's (NTAP) earnings.
Finerman likes American Eagle Outfitters (AEO) kon valuation.

Labels: AAPL, CNBC, CNBC's Fast Money, DAL, ETFC, fast money, GE, HON, kalu, LULU, RIMM, UAUA

Trish Regan hosted Tuesday's show. Weak dollar and its positive impact on the housing market was presented first. Foreign investors are purchasing second homes and vacation condos here in America. Real Estate brokers say that Europeans are experiencing low prices for there vacation home purchases in locations such as Miami, FL. Mark Vitner of Wachovia says that foreign investors will, in a way, pave the way for an improvement in the weak currency. Dow up 170 pts. and S&P up 20 pts. Wal-Mart, IBM, J.P Morgan and American Express are today's DOW leaders. November is still on track to be worst month ever for stocks in five years. Wal-Mart, Home Depot, Tahlbots, and Aeropostale are among top retailers. Margaret Brennan of CNBC says Wal-Mart's improvement can be accredited to slow traffic within the stores, and correction with inventory consideration. Jeffrey Schwartz, Prologis Chairman and CEO; says under good management, there is always a way to appeal to the interests of the consumer, not just their budgets. Sirius Satellite Radio shareholders vote to approve merger with XM Satellite. Sharp Pullback for Oil; Rebecca Jarvis of CNBC says that Crude Oil is down 2%. Next, Kozlowski, former TYCO CEO gives prison tell all to CNBC. After taking millions upon millions from TYCO, Dennis Kozlowski will sit behind bars for the remainder of his life. Dow has biggest one day gain since October. Next, in the Tech Sector: Micrsoft Zune vs. Apple IPOD. Jim Goldman of CNBC says The Microsoft Zune will never compete with anything Apple can release. Apple has sold over 100 million IPODS since 2002. Lance Ulanoff, editor-in-chief of PC magazine says they gave the Zune the product of the year award because of unique features including a FM radio Tuner. Jim Goldman adds that despite Microsoft's low prices, people have shown through the years that the price on Apple products does not reflect a decrease in consumption. They love the iPOD! Next, Wendy Bounds of WSJ says Forum is a type of professional group therapy. In forum sessions, advice is not given, but similar stories are shared. With more than 60,000 members worldwide, Forum sessions are ever popular with entrepreneurs of the average age of 39.

Labels: AME, CNBC, IBM, JPM, The Call, trish regan, Wal-Mart

Erin Burnett hosted. Quicken moves 4000 jobs to Detroit, MI. Founder and Chairman; Dan Gilbert says the reason for moving jobs here is to maximize effiency and benefit for the company as well as employees. He says Detroit has much obvious potential; a great educated workforce, many colleges and universities, and many ideas. Chris Ilitch of Ilitch Holdings agrees that there is much potential in Michigan. Little Caesars, Detroit Red Wings, and the Detroit Tigers are all Illitch Companies. He says activating culture and sports attractions will very much benefit the economy as well as the "creative" generations to come. He says many programs are in progress to bring the "life" back into the state of Michigan. To bring new business into the region is one of the main variables in improving and re-inventing the economy. The state of Michigan ranks fifth highest in foreclosure rates. Home prices are down over 6% statewide, and over 30% in Detroit. The mortgage meltdown has caused bids on houses to go as low as $2,000 per home. Dow, Nasdaq, and S&P all up. Crude oil is down 4.25 pts. Down to $90 per barrel. Next, Chrysler is undergoing a $220m upgrade to renovate and ultimately to maximize production in their Warren plants. 2800 employees work at the 3.3 million sq. ft. facility, built in 1938, it is known locally as "Dodge City." JP Morgan, Bank of America and Goldman Sachs have all been upgraded, contributing to the rise in the financial sector today. Stop Trading with Jim Cramer was next. He says time is now to buy Goldman Sachs. Up 8%, he expects stocks to be trading at $240 by the end of this week. Borgwarner (BWA) is termed as rising stock as a result of the eco-friendly and "green" celebrations; and is recommended by Jim Cramer. Next was the Bond Report with Rick Santelli. S&P is up 29.80 pts, about 2%. Michigan Senator; Debbie Stabenow says 23% of total United States vehicle production occurs in MI. She believes that manufacturing will continue to be a major contributor, as well as agriculture. The Auto Industry, Bio-diesel, Ethanol and advancements in technology back these calls.

Labels: Chrysler, CNBC, detroit, Erin Burnett, Jim Cramer, Street Signs, street signs recap

Erin Burnett hosted Monday's show. Jane Wells says that Countrywide and E-Trade are both down in the mortgage department. Financial and Technological sectors are down again today. Retailers lure consumers with holiday incentives, which include more financing options as well as some increasingly clever marketing. Retailers' aim is to not have to rely on price cuts to entice consumers in. Melissa Lee says that through price cuts, more and more people lose money within the company, and is not always the best choice for consumers. Utilities headlined the next topic. Investors are looking for a safe haven. Vince Farrell of Scottsman Trading says that if you have confidence in utilities, then get behind them and buy. If not, Energy stock seems to be the next choice if you look at market growth and investor input. Next, Dylan Ratigan with the weak dollar report. He says gold and mining commodities in general have been down, reflecting on the weakness of the dollar. Next topic was the top leaders in the world in 2007. David Gergen of U.S News and Center for Public Leadership says 77% of the people in the U.S feel they cannot trust the media and that there is a leadership crisis, 79% believe that us will see decline as a nation if we do not make a move to gain new and better leaders. Among the top leaders are Arnold Schwarzenegger in California whose policies have brought California out of decline and debt. Also, in fighting to reduce greenhouse emissions, he has helped his role as governor act as a global leader as well. Doctor William H Foege has done work with Unicef, World Bank, and Rockefeller Foundations to contribute to advancement made in health and various medical fields. Next, Goldman Sachs (GS) gets the financial pick of the day, says Dick Bove. Goldamn Sachs has superior technology to crunch numbers, has more IT personal then investors, and the best foundational basis than any of the financials today. The Energy Information Administration says that you can expect a .20 increase per gallon of gasoline in the next few weeks.

Labels: CNBC, E-Trade Financial Corp., Erin Burnett, GS, Scottsman Trading, Street Signs, street signs recap

Dennis Gartman, author of The Gartman Letter, joined the show to discuss his take on the dollar, which he predicted last Friday was due for a bounce. The dollar had its biggest one day reversal in a year on Monday. He also noted that in the last 4 days the U.S. dollar had the biggest rally versus the Canadian dollar that he has seen in his life. He also wouldn't be surprised to see gold fall another $40. Also, Gartman is looking for oil to fall $10-$15 before Thanksgiving.
Merrill Lynch economist David Rosenberg said on Monday that the last time he's seen a drop in consumer confidence to this degree during the Holiday season; the economy was in a recession. Macke thinks the Tuesday earnings reports from Home Depot (HD) and Wal-Mart (WMT) will be horrific. The only retailer he expects a good earnings report from is Kohl's (KSS) and his wild card is Macy's (M). He would get long Costco (COST) and Target (TGT). Adami thinks a trade is setting up for Coldwater Creek (CWTR), which he mentions has a very high short interest.
E*Trade (ETFC) lost 60% of its value Monday on concerns over the companies loan portfolio. Finerman thinks the most clear trade is to be long TD Ameritrade Holding (AMTD). Finerman sees opportunity for TD Ameritrade to steal E*Trade clients with all the problems they're having. She also likes Charles Schwab (SCHW).
IBM (IBM) bought Cognos (COGN) for $5 billion and Fortune Brands (FO) sold its wine business to Constellation Brands (STZ) for $885 million. Adami declares United States Steel (X) will be the next company to be taken over.
Word on the Street
Technology stocks continued to slide Monday with leaders like Google (GOOG) dropping 5%, Apple (AAPL) dropping 7% and Research In Motion (RIMM) dropping 9%. Adami likes Hewlett Packard (HPQ) ahead of next Monday's earnings report.
Rio Tinto (RTP) hits a record high after BHP Billiton (BHP) laid out the details for its $140 billion all-share offer.
Adami says the big pharmaceutical story is not fiction and Merck (MRK) is for real. He also loves defense play Johnson & Johnson (JNJ). Macke agrees with Adami and that right now is a good time to be long Merck, Procter & Gamble (PG), Pfizer (PFE) and Church & Dwight (CHD) for a defensive portfolio. Najarian wants to keep an eye on Eli Lilly (LLY).
Pops & Drops
Pops - Cisco Systems (CSCO) traded up 2% on Monday as the market declined.
Mattel (MAT) traded up 4% off a JPMorgan upgrade.
Starwood (HOT) traded up 2%
Washington Mutual (WM) traded up 1% as the financial stocks mounted a rally on Monday.
American Airlines (AMR), US Airways (LCC) and Delta (DAL) all traded up more than 5% as oil prices declined.
Starbucks (SBUX) traded up 3%.
Drops - Freeport McMoRan (FCX) fell 10% as commodity stocks were hit off the dollar rally.
Tyson Foods (TSN) fell 3% after cutting its 2008 forecast.
Sotheby's (BID) fell 2%.
Mosaic (MOS) fell 14% off the dollar rally.
Final Trade
Macke likes defensive play Procter & Gamble (PG).
Adami recommends Cisco Systems (CSCO).
Finerman and Najarian both picked TD Ameritrade Holding (AMTD).

Labels: AAPL, AMTD, CNBC, CNBC's Fast Money, COST, CWTR, dennis gartman, ETFC, fast money, Fast Money Recap, GOOG, HD, HPQ, JNJ, KSS, MRK, PFE, RIMM, TGT, WMT

Trish Regan hosted. Tech stocks are down today. Microsoft was down 2%. Fannie May down 8%. Treasury notes gain, dollar sinks on weak consumer sentiment. Intel was down 2%. Nasdaq down 6% over 3 days, the biggest loss since 2002. Google was down over 3%. Wachovia says they are looking at a $1.1B write-down. Paul Krugman, author of conscience of a liberal, reports on the current credit crunch. He estimates the tight credit situation shall last a long time. Marc Weinberger of W. Quillen Securities says the sooner credit companies and the financial sector as a whole shakes the growing debt dilemma, the more comfortable the consumers and investors will become. Next up was the weak dollar. Rick Santelli says despite the inflation in the U.S, the weakening of the dollar is a good thing. Paul Krugman adds that the trade deficit will fix itself when fundamentals are re-examined. Apple was down 2.5%. Next, the writers guild of America is on strike for day 5. Hollywood production has stopped "How I met your mother," and a rally of 4,000 is expected outside of FOX today. A holiday retail forecast was presented by MaragretBrennan oc CNBC. She says that major retailers like Wal-Mart pay meteorologists to inform them of weather changes, so they can change their shelf products accordingly. Consumer buy on impulse and weather has an impact on consuming. Bon-Ton, Aeropostale, Abercrombie % Fitch, American Eagle and Limited Brands are estimated to be prepared for the weather changes, as well as being the top picks for investors around the season change, according to analytics, also that major retailers like Wal-Mart and Meijers will not be as prepared to serve the consumers.

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Erin Burnett hosted. Melissa Lee of CNBC says the financial and tech sectors are down for the third day in a row. IBM and Hewlett Packard are among the top losses. Jeff Auxier, of Auxier Focus Inv. says volatility is normal an healthy because it takes out investors' egos. He says it is a great time to invest if you can be patient. Zimmer Holdings and Telef de Mexico are his top picks for the day. Next, David Malpass of Bear Sterns comments on the drowning dollar. He says the rest of the world is getting richer much quicker than our economy is growing right now. He says we have a small business economy with growth based in innovation, and with time we can improve our weak dollar situation. UPS is set to raise shipping rates by 5% by the beginning of 2008. Julia Boorstin of CNBC reports on the Writers Guild of America Strike on day 5. She says there is an upside for investors in the way of movie rentals and DVD mail order such as NetFlix. The logic behind this is the lack of new content and material for daily television, resulting in a consumer increase in theatre and rental establishments. Next topic was the growing oil prices. Crude Oil, at $96/barrel has obviously been a main concern of many consumers and investors. Bruno Stanziale of Bank of America says that ultimately, it is not possible that we will hit $100 a barrel before 2008. He says the oil prices are due to a lack of demand, as well as a change in market participation. Next, NovaGold of Alaska, announces deal with Barrick Gold to begin Donlin Creek Project. They will be working on projects in Alaska and Western Canada. They will mine gold copper and silver, and jointly owns or partnerships with Rio Tinto and Barrick Gold. Stop trading with Jim Cramer was next. ShawGroup (SGR), Foster Wheeler (FWLT), First Solar (FSLR), and MEMC Electronics (WFR) are his picks for the day.

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Trish Regan Hosted. Stocks have biggest drop in 5 sessions as dollar falls. Mining and energy stocks are among best performers. General Motors reports record loss. Oil rises to $98/barrel. Financials are to the down side again. Bob Pisani says that you only see a 1-2 day advance for these companies. Consumers expected to spend 26% more on heating oil. Gasoline inventories down 800k barrels. Next, Phil Lebeau says G.M loses $247 million, and Global Autos earn $122 million. GM CEO; Rick Wagoner says they will keep expanding themselves in emerging markets in Latin America and Asia. Next, China must import 10% of its oil to keep up with its economy, and India must import 17% of its oil supply to keep pace with its. While Petro China still leads the crude oil market, we are still consuming about 24% of the worlds crude oil supply. Vince Farrell of CNBC says the current price of the energy stock do not reflect where the commodities are at. Kevin Book of CGB capital investments says oil prices are artificially high, and they should be closer to $70/barrel. Dennis Kneale says not to be fearful of oil reaching $100/barrel. He says if the price of gasoline reflects that of crude oil, consumers will adjust their energy use and drive less, just as we saw when Hurricane Katrina disabled our refineries in the gulf. He also adds that crude oil prices do not drive inflation. Next, Jane Wells reports from California on a store called Fresh and Easy. The British Company; Tesco; is selling fresh food at Cosco prices in their stores, and other competitors will become obsolete in years to come. Next, Robert Bigelow, a "thrillionaire" business investor is working to establish a hotel in space. You can catch it all on business nation tonight at 9pm.

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Trish Regan hosted. CitiGroup was the first topic, in who will become the company’s new CEO. Chairman Robert Rubin says the new CEO must have a strong international focus, and will take some time to reach a decision. Former CEO; Weill says he is willing to help CitiGroup in anyway he can, however he is not interested in running the firm. Google confirms entry into mobile phone software market. It is reported that it will not be available until the second half of 2008. Donald Coxe says mining stocks are the investments to look at, and to avoid stocks that are intertwined with the dollar. Average gas price is back up to $3.00, for the first time since this past summer. Financial stocks are the worst performers today. Dick Parsons is expected to announce today that he will step down as CEO of Time Warner at the end of the year. Jeff Bawkes will be his successor as of Jan 1st. The Writers Guild Strike was covered next. Digital distribution rights are the issue. Talk shows will be hit first. The media landscape could be altered forever, following the strike. 12-13,000 writers are striking, leaving countless employees without a script to maintain shows. Dallas Cowboys’ owner; Jerry Jones was on next. He says millions of fans could miss seeing the cowboys if they do not choose their network correctly. Jones, also a chairman with the NFL Network, says the NFL Network is in 35 million peoples homes, but not offered through many digital services. He adds that he and others are working to get the Network offered to as many of their fans as possible. Warren Buffet and supermodel Gisele were next. Gisele says, as a result of the depreciation of the dollar, she wishes to be paid in Euros.

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On Friday the Fast Money crew speculated on the news about Citigroup (C). Macke thinks the banks are still a sell here unless you're the fastest of traders. Finerman went long Citigroup through options on Friday and she sees a bounce if CEO Chuck Prince leaves. Macke agrees that it does look like a near term reversal to the upside could be in store for Citigroup. Tim Seymour thinks the downside for the financials might be a bit over done and he bought Merrill Lynch (MER) on Friday.
Famous Legg Mason money manager, Bill Miller, likes financials and consumer names, proposing that the global plays might be over. He predicts that new leadership in the markets will come from US, large-cap, dollar-based stocks. Seymour disagrees and thinks that consumer names will do nothing over the next year. Macke thinks Miller's statement is reckless.
Cisco Systems (CSCO) is set to report earnings on Wednesday. Oppenheimer Chief Market technician Carter Worth joined the show to discuss Cisco Systems. In Worth's opinion, CSCO has relative strength and during market sell-offs investors haven't been selling the shares. Adami notes that fundamentally CSCO is doing well. Seymour contends CSCO is a bell-weather for technology and the company is finding ways to grow outside of the U.S. Macke thinks CSCO is just getting started and any pullback in the name is a chance to buy it. In the technology sector Macke wants a dip on Microsoft (MSFT) so he can get in. Adami favors Western Digital.
Retail Shopping
Most major retailers are set to report same-store sales for October on Wednesday Nov. 7th and Thursday Nov. 8th. Costco (COST) and Macy's (M) are Macke's favorite plays here. Finerman is positive on the retailers, but she is nervous about the consumer and she sold her Target (TGT).
Insurance: A shareholder group including Maurice Greenberg is requesting that American International Group (AIG) look at strategic alternatives. The stock is trading up 3% after hours on the news. Greenberg, who use to run AIG, is currently the largest shareholder and controls $3 billion in the stock. Charlie Gasparino's sources say that Greenberg wants to get rid of the current mangers and board of directors. Macke would be a buyer of AIG off this news.
OIL: Oil hits another record high to close at $95.93. Finerman favors Flowserve (FLS) for a global play. She also mentioned that FLS is her biggest position, although she did trim some on Friday. Adami tells investors Exxon Mobil (XOM) still has a rich valuation and if you want to play the oil space look at Chevron (CVX).
Seymour recommends investors look at emerg