Wednesday, March 15, 2006

Nazz in Position to Play Catch-up

Morning News of Note:
  • Oil/Gas M & A: Oil-Firm Merger, Tactic Controls Appear to Advance in the Senate A proposal to place further restrictions on oil-company mergers and marketing tactics appears to be gaining support among Senate Judiciary Committee members who see the approach as a way to respond to consumer complaints about soaring gasoline and natural-gas prices. But the industry doesn't see it that way, and the effort could face significant hurdles (Full Story) WSJ
  • GS: Heard on the Street... Money Machine: Goldman Profit Breaks Record Goldman Sachs Group Inc. set the bar for the rest of Wall Street yesterday with record-breaking earnings. The profit reflects rising fees from the recent flurry of merger and acquisitions, and a continued strong trading environment for both stocks and bonds -- a scenario that may also benefit Goldman rivals that are scheduled to report results. (Full Story) WSJ
  • KSS: Investors May Find Kohl's Finally Fits IN ITS TELEVISION COMMERCIALS, Kohl's urges its customers to "expect great things" from its midpriced department stores. That also goes for its stock price, despite years of disappointing performance. Certainly, skeptics of such a claim have reason to be doubtful. Though up 26 times since going public in 1992, Kohl's stock price has lagged the Standard & Poor's 500 index over the last one, two and five years, says Thomson Financial/Baseline. (Full Story) BARRONS
  • GOOG: U.S. Limits Demands on Google After the Justice Department drastically reduced its request for information from Google, a federal judge said on Tuesday that he intended to approve at least part of that request. The government first subpoenaed Web data from Google last August, as part of its defense of an online pornography law. (Full Story) NY Times
  • Mad Money Summary: Cramer celebrated the one-year anniversary of "Mad Money" by going straight to the phone lines. A caller wanted to know about 1-800-Flowers (FLWS), but Cramer said he'd prefer soybeans, in the form of Bunge (BG). He then told another caller to avoid Sepracor (SEPR) because of recent negative publicity. Then he told a caller he liked Lions Gate (LGF) because "Crash" just won the best picture Oscar. He also likes CBS Corp (CBS) ahead of March Madness and sees Disney (DIS) hitting $30 a share. In the Lightning Round, Cramer was bullish on ViroPharma (VPHM), Advanced Micro Devices (AMD), Energy Conversion Devices (ENER), Evergreen Solar (ESLR), Rite Aid (RAD), Walgreen (WAG), Halliburton (HAL), Domino's Pizza (DPZ), Allegheny Technologies (ATI), ZymoGenetics (ZGEN), Broadcom (BRCM) and Marvell Technology (MRVL), and was bearish on Broadwing (BWNG), Fuel Cell (FCEL), Foxhollow (FOXH), Sirius (SIRI), Titanium (TIE), and Texas Instruments (TI).

Market Comments: The market's open is fairly muted this morning. LEH reported a good quarter, but most of the strength in the brokers came yesterday on the blowout quarter from Goldman.

Tech stocks are mostly higher, although GOOG is giving back some of yesterday's gains. But as long as the stock can close in the upper half of yesterday's range, I will be happy.

With the Dow and S&P making new highs, I think the Nazz will play catch-up. That should make for some good trades in growth stocks. Along those lines, I have added some exposure.

long GS, GOOG


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