Bullish
Comcast Corporation (CMCSA), Fuel Tech (FTEK), American Tower Corporation (AMT), Intuitive Surgical Inc (ISRG), Hologic (HOLX) and Akamai Technologies Inc (AKAM).
Bearish
Jefferies Group Inc (JEF), Harley-Davidson (HOG) and Fastenal Company (FAST).
Sudden Death
Bullish
Continental Airlines Inc (CAL), World Wrestling Entertainment Inc (WWE) and GlaxoSmithKline PLC (GSK).
Bearish
ExpressJet Holdings Inc (XJT).

Jim pointed out that yesterday we had a plunge and today we saw a bounce. There was a massive selloff and this should have market players bottom fishing. This fishing for bottoms was called “an art” by him. You first must cast the line then be ready with a game plan and lastly be aware that all things do not bottom at the same time. We were told that bottoms happen by sectors and piece by piece. One third of the market bottomed today but other sectors are still available. Today we saw the supermarket and medicine cabinet stocks drop due to the “slowdown camp” being in charge on Wall Street. “Big money” was said to be moving into defensive stocks whether or not it is the smart play. This trend should give the Fed Chairman all the reasons he needs to drop interest rates. The Procter & Gamble Company (PG) looks to be too high to get into right now but The Colgate (CL), The Clorox Company (CLX), General Mills Inc (GIS) and H. J. Heinz Company (HZ) all seem to be buys here. Altria Group Inc (MO) excites Jim the most though. The next bottom is in financials and we were told that it is coming in a fortnight. Working still should be the banks and the brokers, subprime lenders look like the problem area. Housing speculators have gotten “blown out of the water” and the substandard lenders will not be able to pay the dividends they promised. This will lead to people not being able to get the loans they need. The Fed is in turn given all the reasons in the world to cut interest rates, because like Jim says ” the Fed, unlike the Tin Man, has heart.” The banks and the brokers will win and big money will have the financials flying. Goldman Sachs Group Inc (GS) and Capital One Financial Corporation (COF) were two that were named that do well when short interest rates fall below the long interest rates. Bank of America Corporation (BAC), T. Rowe Price Group Inc (TROW) and Citigroup Inc (C) were also recommended.

• Peabody Energy Corporation (BTU), AT&T Inc (T), Level 3 Communications Inc (NASDAQ:LVLT), Johnson & Johnson (JNJ) and The Halliburton Company (HAL). This portfolio was blessed and T along with LVLT is not a pair because LVLT is a speculative stock.
• Apple Inc (AAPL), Genentech Inc (DNA), J.C. Penny Company Inc (JCP), Sears Holdings Corporation (SHLD) and HAL. JCP and SHLD are a pair of retailers so drop JCP and get into a financial was the advice given.

• A viewer was told that NYSE Group Inc (NYX) may have failed to distinguish itself yesterday, this is a company that Jim is buying for the “long haul” and you should as well.

Companhia Vale do Rio Doce (RIO) was called a buy as it has a “monopoly on nickel.” The market may hate miners right now but an exception could be made for the Brazilian metals giant because of the strong position in a crucial material. RIO “has staying power” according to Jim. Sprint Nextel Corporation (S) is also a company he likes. The latest quarter and conference call seem to suggest that management feels they are “still stupid but not as stupid as they used to be.” The fourth quarter was a good quarter for a bad company. The stock looks to be headed into the mid-20’s. Qwest Communications International Inc (Q) was called a “winner” due to falling interest rates that will allow the debt heavy telco to save money in refinancing. He thinks the stock price will soon be in the teens. Among market turmoil investors should look to the three D’s: diversified, defensive and dividend. Recommended this morning were Coke (KO), The Procter & Gamble Company (PG) and ExxonMobil (XOM).

Strategies for spotting a bottom after a market meltdown were discussed by Jim today. He told us that over his 25 year career trading there have only been two days where you simply had to buy the next day. The key is to remember what history has told us. Terrible Tuesday during the crash of 1987 was referred to as the first day and the second came in Oct. 1997 during the Asian contagion. The Terrible Tuesday incident, the market fall was due to a technical problem and yesterday the market had just that. The second was due to a recognition in Asia and that was not the U.S. If you wade into today’s tape you should look to be in a portfolio that Jim called “bifurcated.” Stocks with 4% yields and stocks that are selling below 10 times earnings he told us. A third of the market bottoms immediately we were told and an economic speed up was a reaction to interest rates going up and bonds dropping, look at cyclicals. The Procter & Gamble Company (PG) contingent is another group that may have bottomed. Right now Colgate-Palmolive (CL), Clorox (CLX), The Campbell Soup Company (CPB), The Kellogg Company (K) and Altria Group (MO) should all work. The financials should be the second to bottom and Jim has been trying to get people to set up in the “dividend defensive” financials along with the more aggressive financials with “good yield or good book.”
Watch the VIDEO HERE..

The Following is a recap and review of the CNBC Hit Show Fast Money for February 27, 2007. The Madd Money blog also recaps The other hit CNBC show Mad Money every day. Enjoy investors!
Top 3- Bloodbath, Trading the Carnage, Bring Your Money Home
Adami made the comment that this selloff is not going to be done tomorrow and it will not be done next week either. He made bullish comments about iShares MSCI South Korea Index Fund (EWY) and ishares MSCI Taiwan Index Fund (EWT). Adami doesn’t see the weakness in the Chineese economy as everyone else does. Bolling wouldn’t be shorting into this down move right now. He also mentioned how the selloff was more orderly then in 1987. Bolling made sure to tell us that Gold and Oil didn’t get destroyed today and that is a tell tale sign. He was bullish on streetTracks Gold Trust (GLD) and CurrencyShares Euro Trust (FXE). Strazzini made some strange comments on how this market crash going to keep up for a month, but he feels it’s healthy. Strazzini feels the China correction was a good thing. Don’t jump back in. There could be more selling. It will eventually become a buying opportunity. He was bullish on MSCI Emerging Markets Index Fund (EEM) for the long term. Macke stated “it’s too late to buy puts.” He also stated that he didn’t notice anyone coming in to buy the market during the crash which goes against Cramer’s claims on Mad Money.
Correction Shopping List
Hedge Fund Comments from Karen Finerman
She wants us to watch the volatility index because it’s a signal of market fear. Hold off on buying until you see how this plays out. It’s time to make a shopping list but not time to buy anything yet. She was bullish on Flowserve Corporation (FLS) at $48, The Home Depot Inc (HD), and Ceridian Corporation (CEN). Adami was told us to put The Home Depot Inc (HD), Honeywell International Inc (HON) at $44, Apple Inc. (AAPL) at $78 and Johnson & Johnson (JNJ) on the shopping list. Bolling agreed with Finerman on FLS, but disagreed and was bearish on HD. Macke told us to put Intel Corporation (INTC) in the upper teens, Activision Inc (ATVI) at $16.50, The Home Depot, Safeway Inc (SWY) at $30, and Target Corporation (TGT) between $50 – $55 on the shopping list. Strazzini told us to add AstraZenaca PLC (AZN), The Kroger Co. (KR), AXA (AXA), The American Express Company (AXP), and The Procter & Gamble Company (PG) to the shopping list.
Word on the Street
Adami is still bearish on housing stocks. Strazzini made us aware of the fact that the chip stocks were up today. He is bullish on STMicroelectronics NV (STM), LSI Logic Corporation (LSI), Analog Devices Inc (ADI), and Semiconductor HOLDRs Trust (SMH). Macke is bullish on Radio Shack Corporation (RSH) and he wants us to buy on a dip. Bolling is bullish on Wynn Resorts Limited (WYNN), but shorter-term he is bearish. He really likes the refiners like Marathon Oil Corporation (MRO).
Happy 52 Week High to Church & Dwight Co. CHD
Face2Face
A viewer asked about buying copper? Bolling would sell copper and buy Gold. Another viewer asked about CVS Corporation (CVS)? Strazzini called CVS okay, but he was also bullish on The Walgreen Company (WAG). Another viewer asked about Caterpillar Inc (CAT)? Adami thinks it’s over valued and you can buy it cheaper later in the year. Another viewer asked if this market crash is like the 2000 crash? Macke thinks now is different. He would make a shopping list of stocks you like and pick them up 10% below current market price.
The Final Trade
Macke told us to make a list and check it twice. Strazzini is bullish on STMicroelectronics NV (STM) and AXA (AXA). Adami told us to buy Johnson & Johnson (JNJ) at $61.50. Bolling is bullish on CurrencyShares Euro Trust (FXE).

The machine broke down today, Jim Cramer told viewers of his “Mad Money” TV show Tuesday. Jim feels the sell off just happened to quickly. An “overheated market” in China and system error caused the U.S. market to drop 416 points in the blink of an eye, he said. Although there were plenty of buyers, they “simply couldn’t get to the floor fast enough to buy.” Meanwhile, the selling, perhaps exacerbated by exchange-traded funds, “cracked the dam,” Cramer said. In the old days, when things were sane, there were order imbalances, a stoppage of trading; but things are different now: “You can force the market down,” Cramer said. “My sources indicate that a big options trade went awry and some concentrated ETF selling simply crushed this market as easily as a knife through butter.” The “most important takeaway” here is that market players only have three protections “from the whims of a broken system,” he told his viewers. First, there are companies that pay dividends equal to or better than Treasuries after taxes a “great defense,” Cramer said. Then there are stocks that are “so low in valuation” that investors and the companies themselves know they are bargains, “meaning they are buying back stock right here,” he said. Or finally, you need to have companies that are so defensive in nature that if there is a worldwide slowdown, these companies will meet their expectations regardless, Cramer said. If a company does not have at least one of these three protections, investors will not be OK for now, Cramer said.

After the “worst trading day in years,” there is still something “beautiful” happening in a distant corner of the ugly market, Cramer stated. Jim thinks that investors should look to buy financial stocks in the midst of today’s crash. He really likes the brokerage stocks like Merrill Lynch & Co. Inc (MER), Lehman Brothers Holdings Inc (LEH), Morgan Stanley (MS), The Bear Stearns Companies Inc (BSC) and Goldman Sachs Group Inc (GS). Cramer owns Goldman for his trust. For the first time in his memory, all five big brokers are “being run by great management,” Cramer said, adding that a company’s management can make or break its performance. Cramer thinks these stocks are selling at a 30% discount to the average stock and he doesn’t see that lasting long. Jim is ignoring that these stocks have been in a downtrend for the last five days. He wants investors to pick one and start putting some money to work in these names. He wants us to buy the dips cause he doesn’t think the brokers are done going down. Jimmy likes GS the most out of all of them, but he isn’t against people buying any of these top five. He is bullish on the management of all of em.

History tells market players that they should be ready to buy after a down day in the market if not immediately, then soon after, Cramer stated tonight. The 9/11 selloff looked as if it was the end of the market, and during the crash of 1987, the market fell 508 points, the largest one-day percentage drop in history, Cramer said. Soon after those sellers looked foolish and had wished they had bought according to Jim. Today’s drop is similar to the crash of 1987, Cramer said. While a Chinese selloff started the selling today, the German market caused it in 1987, he said. And just as the market did not reach a bottom the same day, Cramer believes that we have not seen the end of the selloff here, either. “That is why people should be in a protected zone” and look for dividends and buybacks, he said. Jim doesn’t want people to panic, he wants people to look to buy the market. He doesn’t want us buying all at once or think the market will bounce right back. He stressed the need to be patient. Jim thinks that in three months people who sold it all will wish they hadn’t.