1/17/07 RECAPFRONT PAGE:Market Chill
TIM STRAZZINI: THE RISK DOCTOR: The market is setting up for a big correction and possible failure. During this time you should look to buy the following stocks cheap
The Kroger Co. (Public, NYSE:KR) (BUY)
The Procter & Gamble Company (Public, NYSE:PG) (BUY)
American Express Company (Public, NYSE:AXP) (BUY)
AXA (ADR) (Public, NYSE:AXA) (BUY)
AstraZeneca plc (ADR) (Public, NYSE:AZN) (BUY)
JEFF MACKE: THE LONE WOLF
The Kroger Co. (Public, NYSE:KR) (BUY)
ERIC BOLLING: THE ADMIRAL: This correction doesn't signal the end of the bull market...
Google Inc. (Public, NASDAQ:GOOG) (SELL) But buy it back around $480
TIGHTWAD TRADE: Corporate America is hoarding record amounts of cash; investors are demanding they pay it back with dividends or by making acquisitions
GUY ADAMI: THE NEGOTIATOR
Lazard Ltd (Public, NYSE:LAZ) (BUY)
Greenhill & Co., Inc. (Public, NYSE:GHL) (BUY)
TIM STRAZZINI: THE RISK DOCTOR
Baxter International Inc. (Public, NYSE:BAX) (BUY)
McKesson Corporation (Public, NYSE:MCK) (BUY)
ERIC BOLLING: THE ADMIRAL
iShares Dow Jones Select Dividend (ETF) (Public, NYSE:DVY) (BUY)
The Procter & Gamble Company (Public, NYSE:PG) (BUY)
BARBARIANS AT THE GATE: . Don't throw money at commercial REIT's even with Vornado (VNO) making a $21.6 billion bid for Equity Office Properties Trust (EOP). Wait and see how this plays out with caution
APPLE TRADE
TIM STRAZZINI: THE RISK DOCTOR: Increased inventories for iPods spooked analysts. He sees Mac sales good year over year, but quarter over quarter they are down
Apple Inc. (Public, NASDAQ:AAPL) (SELL)
GUY ADAMI: THE NEGOTIATOR
Apple Inc. (Public, NASDAQ:AAPL) (SELL)
WIRELESS TRADE
TIM STRAZZINI: THE RISK DOCTOR
Windstream Corporation (Public, NYSE:WIN) (BUY)
AT&T Inc. (Public, NYSE:T) (BUY)
Verizon Communications Inc. (Public, NYSE:VZ) (BUY)
GUY ADAMI: THE NEGOTIATOR
SLM Corporation (Public, NYSE:SLM) (SELL)
CHEMICAL EXPLOSION TRADE: Chemicals where up 4% higher than the S&P 500. CEO of Lyondell Chemical Company (Public, NYSE:LYO) (BUY) felt that lower oil prices means higher margins for the company but caution if oil spikes because their margins will be squeezed
STOCKS ON SALE
ERIC BOLLING: THE ADMIRAL
The Scotts Miracle-Gro Company (Public, NYSE:SMG) (BUY)
TIM STRAZZINI: THE RISK DOCTOR
TXU Corporation (Public, NYSE:TXU) (BUY)
JEFF MACKE: THE LONE WOLF
International Game Technology (Public, NYSE:IGT) (BUY)
GUY ADAMI: THE NEGOTIATOR
Affiliated Managers Group, Inc. (Public, NYSE:AMG) (BUY)
CLUB TRADE
JEFF MACKE: THE LONE WOLF
Costco Wholesale Corporation (Public, NASDAQ:COST) (BUY)
TIM STRAZZINI: THE RISK DOCTOR
Costco Wholesale Corporation (Public, NASDAQ:COST) (BUY) Loves it even though he can't buy the stuff at the store because it wouldn't fit in his house in Manhatten
ERIC BOLLING: THE ADMIRAL
ConAgra Foods, Inc. (Public, NYSE:CAG) (BUY)
Smithfield Foods, Inc. (Public, NYSE:SFD) (SELL)
TRADING THE FUTURE
Ray Kurzweil, a brilliant investor, artificial intelligance pioneer, and hedge fund manager, joined as a guest. His view was medicine has become an information technology, and in 10 years we’ll be able to program our genes like a computer, & life expectancy will continue to grow longer.
GUY ADAMI: THE NEGOTIATOR
Geron Corporation (Public, NASDAQ:GERN) (BUY)
FINAL TRADE
ERIC BOLLING: THE ADMIRAL
ORANGE JUICE (BUY)
GUY ADAMI: THE NEGOTIATOR
Lyondell Chemical Company (Public, NYSE:LYO) (BUY)
TIM STRAZZINI: THE RISK DOCTOR Doesn't like the market & waiting for a correction
JEFF MACKE: THE LONE WOLF Bolling's the man of the year, but Muhammad Ali is always the man & happy birthday