SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
diversifiied industrial co now has 55% of sales from overseaes that is driving growth (25% in Latin America & Asia) - just raised 2008 guidance on April 14th - last wk co raised $1.5B via an equity offering at 84 & the stock went higher - is cheap at 9.6x earnings vs 13% growth - will grow the top line this year by 25% - stock goes to 91
87.63
+35.09%
06/04/08
want to buy this "new tech" stock here
94.47
+45.63%
07/02/08
oppty to buy down here
82.20
+26.71%
07/10/08
will surprise on the upside - stock is being thrown away - would buy aggressively right here
81.43
+25.53%
07/11/08
reports Tues - can't back away
80.93
+24.76%
07/15/08
co lowered guidance today & the stock got clobbered - CEO interviewed: revenues in the 2nd qtr were at record levels up 32% with earnings up 35% beating our expectations - fuel costs are expected to hurt end markets in the 2nd half - will grow earnings next year at 15-20% - overseas acquisitions are outperforming our expectations - Cramer says to buy more even if it's downgraded tomorrow
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