Jim Cramer expressed surprise that an analyst at Sanford Bernstein slapped casino stocks Las Vegas Sands (LVS) and Wynn Resorts (WYNN) with buy ratings. He told viewers he is keeping the casino stocks in the Sell Block despite the analysts bullish call. Cramer mentioned that LVS is up 31.9% off of today’s upgrade and this offers investors a great chance to sell the stock if they haven’t already dumped their casino stock positions. Cramer first got bearish on the casino complex on Jan. 17, and since that time shares of LVS have fallen 96%, Wynn Resorts has dropped 77% and International Game Technology (IGT) is off 76%. Cramer said the analyst thinks the second half of 2009 will improve especially for Asia and hopes are high for Macau and some casinos opening up Singapore. However, Cramer thinks these reason are dead wrong. He said consumers are cash-strapped and revenues are falling sharply in Macau. Cramer said the casinos belong in the Sell Block. He mentioned the only good thing about the Sanford Bernstein call was it helped push the stock to the upside in the short term. Cramer advised users to use the strength to sell. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

A viewer wrote: “I am a little conflicted in regards to my stake in Allscripts-Misys Healthcare Solutions (MDRX). I have had a nice run of about 25%, to date. Part of me wants to avoid being a pig. However, MDRX does appear to be one of the few winners from the Pelosi/Obama stimulus plan and could still go higher. What are your thoughts in regards to the future of MDRX?” Cramer recommended ringing the register on MDRX right now because the market is in sell mode and its been a big winner. Join the fastest growing community of small cap investors at Stockhideout.com

Bullish
Marathon Oil (MRO), Del Monte Foods (DLM), Dean Foods (DF), Nucor (NUE), McDonald’s (MCD), Alcoa (AA) and Smith International (SII).
Bearish
Calgon Carbon (CCC), DuPont (DD), Dow Chemical (DOW), Western Refining (WNR), AK Steel Holding (AKS), Wendy’s International (WEN), International Paper (IP), Valley National Bancorp (VLY) and Cedar Fair (FUN). Join the fastest growing community of small cap investors at Stockhideout.com

Word On The Street
The markets sold off in the last hour of trading after President Obama failed to offer any details on the bank plan. The Dow Jones fell 80.05 points, or 1.09%, to 7,270.89, while the S&P 500 dropped 8.24%, or 1.07%, to 764.90. The Nasdaq lost 16.40 points, or 1.14%, to 1,425.43. Dylan Ratigan the host of CNBC’s “Fast Money” TV show, said the stress tests will be used to look at the capital cushion of the 19 largest banks in the country. He explained the results will be used to figure out how much money the banks will need if their toxic assets continue to fall. Karen Finerman said she doesn’t get the stress test because details are missing. Jeff Macke said the stress test is nothing but the U.S. government buying time. Pete Najarian said the trade is to buy the regional banks (KRE) that have been beaten-down with the entire financial sector.
Oil Talk
Ratigan mentioned that crude oil rose 6%. Najarian mentioned that oil took off after it traded through $40 a barrel. He said the best name in the sector is Exxon Mobil (XOM). Macke questioned why Exxon is a good play, since the stock did nothing as oil surged on Wednesday. Zach Karabell explained that $40 a barrel is a good price for oil producers because their break-even price is $15. He told viewers to look at Petrobras (PBR) which has big reserves.
Casino Chat
Ratigan said Wynn Resorts (WYNN) fell 16% today after the company reported fourth-quarter losses due to declines in profits at Macau and Las Vegas. Macke said he doesn’t think all the bad news is priced in the casino stocks yet. Karabell thinks WYNN is being hurt by there huge amounts of debt more than the drop off in their business.
Apple & Dell
The traders welcomed Toni Sacconaghi, senior research analyst for Sanford Bernstein to discuss Dell (DELL), which is going to report its earnings tomorrow and Apple (AAPL). Sacconaghi said investors are nervous about Apple because its the ultimate consumer stock at a time when consumer spending is down. He said the stock is cheap at 7 or 8 times cash flow. Moving on to Dell, he said investors are spooked about tech spending and the company is primarily a PC firm. He said the short term outlook for Dell is tough, but if you have a long term horizon you can buy the stock, which is at $8 a share. He explained the stock is at lows last seen in 1998 and its very cheap trading at four times earnings.
POPS&DROPS
POPS- JPMorgan (JPM) rose 3%. Proshares Ultrashort Lehman 20-year ETF (TBT) added 3%. Najarian thinks it goes higher. General Motors (GM) popped 15%. DineEquity (DIN) popped 13% after the restaurant operator reported fourth-quarter earnings that beat Wall Street estimates. Finerman told viewers that there is a big short interest in this stock.
DROPS- Deere (DE) fell 5%. Karabell said there are a lot of reasons to like this stock longer term. Transports (.DJT) dropped 4%. Najarian explained that when oil trades up the transports fall. Allstate (ALL) lost 6% after the insurer said it will cut its dividend to 20 cents a share from 41 cents a share in a effort to save money. Finerman said that cutting the dividend was the right thing to do, but the rest of their business isn’t good. First Solar (FSLR) plunged 22% after the company predicted 2009 sales will fall below estimates. BHP Billiton (BHP) dropped 4%. Karabell said it will be hard for BHP to raise their prices with demanding dropping.
Final Trade
Macke likes Apple (AAPL). Karabell picked Sohu.com (SOHU). Finerman told viewers to get long Wells Fargo preferred and short Wells Fargo (WFC) common stock against it. Najarian recommended Visa (V) for a buy. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

“Investors should buy gold,” Cramer said on Wednesday’s “Mad Money” TV show. He told viewers that despite the markets weakness, all investors should go out and buy some gold. He said the price of gold could fall to $900 an ounce, but there’s still a strong bullish case for told. Cramer mentioned that gold was overbought and was due for a sharp sell-off now that the price has fallen to $950 from $1,000. However, he thinks with the euro selling off European will start to buy gold to hedge against their falling currency. Cramer said the most attractive way to play gold is the SPDR Gold Shares (GLD) because it tracks the price of the pure commodity. He said viewers should buy the GLD in stages by putting a quarter of a position on at $90 to $91, the next quarter at $88, then another at $85 and the last chunk at $82. He recommended for those who don’t want to buy paper can instead buy actual gold bullion, or for those with less money they can buy gold coins from the usmint.gov. Finally, Cramer said his favorite gold stocks are Agnico-Eagles Mines (AEM) and Eldorado Gold (EGO). He mentioned that both firms are raising production, cutting costs, are less sensitive to the volatility in the price of gold and have low price/net asset ratio. Join the fastest growing community of small cap investors at Stockhideout.com

The first caller had these stocks: Nordic American Tanker (NAT), Johnson & Johnson (JNJ), Wells Fargo (WFC), ConocoPhillips (COP) and Caterpillar (CAT). Cramer said this portfolio is the essence of diversification. The second caller’s top holdings were: Google (GOOG), IBM (IBM), Exxon Mobil (XOM), McDonald’s (MCD) and Coca-Cola (KO). Cramer said this portfolio is diversified. The third caller was long the following names: Johnson & Johnson (JNJ), NYSE Euronext (NYX), Yahoo! (YHOO), Textron (TXT) and Las Vegas Sands (LVS). Cramer said he doesn’t like Textron and Las Vegas Sands, but the portfolio is diversified. The fourth caller held positions in these stocks: Alcoa (AA), Research In Motion (RIMM), General Motors (GM), Duke Energy (DUK) and Microsoft (MSFT). Cramer identified two tech stocks with Microsoft and Research In Motion, but said he’s not a fan of any of these companies and would sell them all and start over. Join the fastest growing community of small cap investors at Stockhideout.com

Cramer told a viewer that he sees no signs of stress at Enterprise Product Partners (EPD). He also said he still likes master limited partnerships like EPD and Kinder Morgan Partners (KMP), which is his favorite in the sector. Cramer told another viewer he has changed his mind on Procter & Gamble (PG) after the company reported a bad quarter. He said he’s still a fan of the firm, but not the stock. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

Bullish
International Business Machines (IBM), PPL Corp (PPL), Exelon (EXC) and Consolidated Edison (ED).
Bearish
Nucor (NUE), CSX Corp (CSX), Fluor (FLR) and Foster Wheeler (FWLT).
Join the fastest growing community of small cap investors at Stockhideout.com