January 29th - VFC AMGN DGX
Just a heads up for anyone that is interested, my post tonight will be very late.
OK! I'm back! Cramer looked at fallen angles tonight, which are stocks that are trading at a lower multiple then they deserve. His first recommendation was VF Corp. (VFC)
Closing Price: $74.00
After Hours High: $ 75.00
Percent Increase at High: 1.35%
After Hours Most Recent Price: $ 74.35
Percent Increase at Most Recent Price: 0.47%
Sector: Consumer Goods
Days to Cover: 3.9
Short %: 1.95 %
% Held by Insiders: 0.34 %
% Held by Institutions: 89.30 %
50 Day Moving Average: $79.67
200 Day Moving Average: $71.11
Average Price Drop for Sector: 4.8%
A less than 1% increase after hours and high price isn't something that screams short.
His second fallen angel was Amgen Inc. (AMGN)
Closing Price: $69.97
After Hours High: $ 71.07
Percent Increase at High: 1.57%
After Hours Most Recent Price: $ 70.80
Percent Increase at Most Recent Price: 1.19%
Sector: Healthcare
Days to Cover: 4.2
Short %: %
% Held by Insiders: %
% Held by Institutions: %
50 Day Moving Average: $71.35
200 Day Moving Average: $69.56
Basically the same price as VFC but held the gains a little better. AMGN is a stock that has been mentioned several times and is probably on the radar of more people which may explain that. Regardless, too expensive and a small increase makes this a pretty boring story from the short side.
Finally Cramer's last fallen angel was Quest Diagnostics Inc. (DGX)
Closing Price: $52.27
After Hours High: $ 53.00
Percent Increase at High: 1.40%
After Hours Most Recent Price: $ 52.95
Percent Increase at Most Recent Price: 1.30%
Sector: Healthcare
Days to Cover: 9.2
Short %: 6.13 %
% Held by Insiders: 18.88 %
% Held by Institutions: 70.50 %
50 Day Moving Average: $52.06
200 Day Moving Average: $56.04
Once again, an "expensive" stock that didn't see a big price increase after hours. I've seen lots of news that the market is holding its breath for the Fed, which may explain why Cramer is staying away from speculative picks right now.
posted by CramerTracker @ 1/29/2007
8 comments
Comments on "January 29th - VFC AMGN DGX"
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Unknown said ... (January 29, 2007 5:59 PM) :
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Anonymous said ... (January 29, 2007 8:59 PM) :
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CramerTracker said ... (January 29, 2007 10:57 PM) :
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CramerTracker said ... (January 29, 2007 11:21 PM) :
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Anonymous said ... (January 30, 2007 8:16 AM) :
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Anonymous said ... (January 30, 2007 10:00 AM) :
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CramerTracker said ... (January 30, 2007 10:44 AM) :
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Anonymous said ... (January 30, 2007 9:43 PM) :
post a commentOk Cramertracker but Im going to need my membership fee discounted for this delay. Im surprised not more are complaining...am I the only one paying 29.95 a month for this subscription?
29.95? I thought 49.95 was a bargain! You bastard!
I accept paypal at anytime...please...feel free :)
For anyone that is following the ZNN stock (feel good auto)...here is that movie trailer about the oil compaines vs electric car industry I mentioned:
http://movies.peekvid.com/s4352/
I am not a conservative or a liberal, but the preview for that movie sems like it'll be hard for even left wingers to swallow.
Seems like obvious politically agenda driven propaganda.
Hope it works though :-)
Dont forget, when Cramer says to "take some off the table" or "wait for this to pullback" then its time to short that stock at the open. He has been pretty good lately at making stocks pullback like DIVX. Today it was JSDA. He said to his audience to wait for it to pullback before getting in. Sure enough, nice 5% pullback this morning.
I've looked at a few "sell recommendations" from Cramer (which is a little different than a wait) and have noticed that they can show a reverse effect then his buys. The stock will normally go down very quickly and can rebound quickly as the market opens. I do see that this was not the case for JSDA and I also saw DIVX get crushed almost to the point where Cramer first recommended it. I will have to take a another look at his sell block segments which I have been basically ignoring lately. I think the high p/e speculative sell recommendations are likley to be the best bets though.
I first started watching the Cramer show in late 2005 and then tracked the stocks. Since June, there is a certain trading crowd that seems to follow his picks closely. When he says buy, they buy. When he says sell, they sell. It depends on the stock though. If the stock is a sexy stock, like the soda, tech or exchange stock, then the trading crowd runs with the ball. If its a sleeper stock like Amgen, then the trading crowd doesnt bother with it. Sometimes this crowd will run with the ball months after Cramer stops mentioning it like Riverbed. However, if Cramer disses the sexy stock, then the trading crowd throws it to the side and lets the price meander back down. Whenever Cramer mentions NYX in any context, the stock seems to surge strong.