Housing
A new housing plan came from the White House today.  The main elements are a $75 billion fund for subsidizing homeowners struggling to pay their mortgages, Fannie Mae and Freddie Mac investing a further $100 billion in mortgages to spur fresh lending and Washington to inject a further $100 billion in mortgage giants to protect against losses as they expand.  Some banks like Citigroup (C), JPMorgan (JPM), PNC Financial Services (PNC) and Bank of America (BAC) have agreed to suspend foreclosures until the Obama plan is adopted.
Bottom?
The Dow (.DJIA) is at the low from November 20th and the S&P 500 (.SPX) is sitting at the 800 level so the cast asked with help from Dan Fitzpatrick from Stockmarketmentor.com if this is the next turn down or the bottom? For the (.SPX) we were told to “let the beat go on without us” as it will probably be until summer when it goes up.  For the NASDAQ NMS (.NCOMP) “if you do not want to be in stocks, I’d be in tech” Fitzpatrick said, with the NASDAQ 12% above the November low.  In Oil (US@CL.1) we may see an uptick as gold and oil usually trade together when the “relationship normalizes.”  Petrobas (PBR) was last for the charts and Seymour said that he is long PBR due to it being “the best oil story for production growth.”
Pops & Drops
Pops: Walmart (WMT) +4%, MBIA (MBI) +30%, Celgene (CELG) +2%, Volcano Corp (VOLC) +12% and Nalco (NLC) +5%.
Drops: U.S. Steel (X) -7%, Comcast (CMCSA) -4%, Jack In The Box (JACK) 9%, Consellation Energy (CEG) -8%, Airlines (XAL) -6%, Chesapeake Energy (CHK) -4% and Geron Corp (GERN) -11%.
Nationalizing
Lately more and more Republicans have been talking about nationalizing banks.  Lindsey Graham is at the forefront and he talked about how we have invested billions trying to rescue companies like Citigroup (C) and Bank of America (BAC) and the worth of the company is far less than what we have invested.  One option in his eyes would be to “go in, take it over, restructure it, break it up, sell it, and then get the money back.”
Precious Metals
Profits are being searched for anywhere in this market.  The one way the traders looked at today was to invest in metals such as gold (US@GC.1), platinum (US@PL.1) and silver (US@SL.1).  Seymour thinks the ETFs are the way to play it here and mentioned SPDR S&P Metals and Mining ETF (XME), Powershares DB Base Metals Fund ETF (DBB) and PowerShares DB Precious Metals ETF (DBP).
Rising Star
Today the stock looked at in this segment was Crucell (CRXL).  This is a company that focuses on the development and marketing of vaccines for infectious diseases worldwide.  The stats for CRXL were given as a 52 week high of $24.08, 52 week low of $9.42 and up 43% over the last 52 weeks.  Najarian called it the largest vaccine pure play with a great balance sheet.  He thinks companies like Sanofi-Aventis (SNY) are looking at them for an acquisition.
Final Trade
Terranova – Roche (RHHBY) is worth a look, Adami – long Celgene (CELG), Seymour – long Stillwater Mining (SWC) and Najarian – there may be a buy in Genentech (DNA). 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!