Recap of CNBC's Fast Money, Friday May 30.

Is Oil Spoiled? Baker Hughes (BHI), Transocean (RIG)

Oil fell nearly 4% last week to $127. The group wondered if oil’s rally is finally over and if the commodity could drop to $120 in the coming week. Guy Adami thinks next week will be the biggest week for commodities in years and expects a significant drop in crude and gold. However, he doesn’t think stocks will necessarily rise on oil’s fall. Macke doesn’t believe oil will necessarily go lower, but action in the commodity will be significant. He adds he is a seller of the S&P with a tight stop above 1410. Najarian says oil service stocks are not dependent on price, since more oil needs to be produced. He is bullish on BHI and RIG. He notes solar stocks are rallying because the Germans are not cutting aid to solar as much as expected.

2008-06-02T06:08:23-04:00 SA Editor Miriam Metzinger

Recap of CNBC's Fast Money, Friday May 30.

Is Oil Spoiled? Baker Hughes (BHI), Transocean (RIG)

Oil fell nearly 4% last week to $127. The group wondered if oil’s rally is finally over and if the commodity could drop to $120 in the coming week. Guy Adami thinks next week will be the biggest week for commodities in years and expects a significant drop in crude and gold. However, he doesn’t think stocks will necessarily rise on oil’s fall. Macke doesn’t believe oil will necessarily go lower, but action in the commodity will be significant. He adds he is a seller of the S&P with a tight stop above 1410. Najarian says oil service stocks are not dependent on price, since more oil needs to be produced. He is bullish on BHI and RIG. He notes solar stocks are rallying because the Germans are not cutting aid to solar as much as expected.

Complete Story »

BHI RIG DELL INTC CSCO TIF COST JCG JPM C XLF F CLF XOM SD IMCL BMY MRK AMLN HD BYD MAR AMR NFLX KSS DRYS GLNG ZQK NUE SYMX SA Editor Miriam Metzinger

Tesoro: An Aggressive Way to Play a Short Term Oil Pullback

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Don't abandon Tesoro (TSO) just yet. I have already stated I am bullish Valero (VLO) for the next quarter, as a more conservative play on the decreasing and or holding of the price of oil in the short term. Nothing goes straight up, and oil is no different. It will have to take a breather at some point and many things are pointing to it slowing or backing up here. I still believe that oil will be higher than it is today at the end of the year, unless there is an unforeseen change in the immediate future. Tesoro is a much more aggressive way to play a short term pull back in the price of oil. On 5/29 we had a major shift in momentum and oil only recovered a little of that today.

Tesoro has had an impressive run. Over the last five years, they have had a CAGR of 101%. Their growth is attributed to five refinery acquisitions since 1998, including two in the highly profitable west coast regions. 82% of their throughput is in the West Coast. With these acquisitions, they have acquired a large debt and that is the major downside to an investment in this company. Also, the economy is slowing.

2008-06-02T06:07:47-04:00 Michael Filloon

Michael Filloon submits:

Don't abandon Tesoro (TSO) just yet. I have already stated I am bullish Valero (VLO) for the next quarter, as a more conservative play on the decreasing and or holding of the price of oil in the short term. Nothing goes straight up, and oil is no different. It will have to take a breather at some point and many things are pointing to it slowing or backing up here. I still believe that oil will be higher than it is today at the end of the year, unless there is an unforeseen change in the immediate future. Tesoro is a much more aggressive way to play a short term pull back in the price of oil. On 5/29 we had a major shift in momentum and oil only recovered a little of that today.

Tesoro has had an impressive run. Over the last five years, they have had a CAGR of 101%. Their growth is attributed to five refinery acquisitions since 1998, including two in the highly profitable west coast regions. 82% of their throughput is in the West Coast. With these acquisitions, they have acquired a large debt and that is the major downside to an investment in this company. Also, the economy is slowing.

Complete Story »

TSO VLO USO OIL Michael Filloon

States’ RPS Mandates Justify Lofty Solar Valuations

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Introduction

Have you opened your electric utility bill lately?  Chances are you have noticed the insert sent to you by the utility company that declares their power mix or multiple generating sources that the company utilitizes to bring power to your home or business. 

Commonly termed as a portfolio of electrical generating assets (not necessarily all owned by the same utility company), for most investor and publicly owned utilities [IOU/POU] the power mix includes energy generating resources such as natural gas, coal, hydroelectric, nuclear, and of late interest, renewable energy resources such as solar, wind, biomass, and geothermal.  For example, in 2007, the power mix disclosed for SMUD, a utility company serving the Sacramento metropolitan area, was found to be 60% natural gas resources, 20% large hydroelectric, and 16% eligible renewable resources. 

2008-06-02T06:07:20-04:00 Kamal Ahuja

Kamal Ahuja submits:

Introduction

Have you opened your electric utility bill lately?  Chances are you have noticed the insert sent to you by the utility company that declares their power mix or multiple generating sources that the company utilitizes to bring power to your home or business. 

Commonly termed as a portfolio of electrical generating assets (not necessarily all owned by the same utility company), for most investor and publicly owned utilities [IOU/POU] the power mix includes energy generating resources such as natural gas, coal, hydroelectric, nuclear, and of late interest, renewable energy resources such as solar, wind, biomass, and geothermal.  For example, in 2007, the power mix disclosed for SMUD, a utility company serving the Sacramento metropolitan area, was found to be 60% natural gas resources, 20% large hydroelectric, and 16% eligible renewable resources. 

Complete Story »

ESLR SPWR FSLR PBW Kamal Ahuja

Biofuel and Solar Fall Over 4% (Week Ending 5/30)

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Author: Mark Henwood

2008-06-02T06:03:39-04:00 Cleantechblog

Author: Mark Henwood

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PEIX

Bond Expert: Monday Outlook

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Prices of Treasury coupon securities are registering gains in overnight trading and the sharpest gains are in securities of 5 years and less. The yield on the benchmark 2 year note has declined 7 basis points to 2.58 percent. The yield on the benchmark 5 year note has also slipped 7 basis points and rests at 3.36 percent. The yield on the 10 year note has declined 3 basis points to 4.03 percent. The yield on the 30 year bond has dropped 2 basis points to 4.71 percent.

The 2 year /10 year spread is wider by 4 basis points and trades around 145 basis points.

Equity markets around the globe are registering mixed performances. Stocks in Tokyo surged to five month highs as financial shares led the way with one key index rising 0.7 percent. The Hang Seng in Hong Kong jumped by 1.3 percent.

Prices of shares are sharply lower in European trading as financial concerns dominate trading. UK lender Bradford and Bingley will receive an infusion of cash from TPG Capital, a private investment firm with about $30billion of capital .European shares are generally lower by about 1 percent.

Futures market trading indicates that US shares will openly sharply lower when trading begins in New York in several hours.

Economic news from the UK was troubling as manufacturing fell to its lowest level since July 2005 and prices surged to their highest level since the inception of the Purchasing managers Index in 1999. Separately, another reported showed mortgage approvals had dropped to their lowest level in nine years.

Oil which has been the lubricant of much trading volatility recently is about $1 lower in futures market trading.

A new trading month begins for many today in the US and several large investment banks, with quarter end having just passed, confront a tabla rasa. The ISM and the construction spending reports should reinforce the notion of economic weakness. Later in this week, the Labor Department will release the monthly employment report and pundits piously prognosticate pusillanimous prospects for growth in that sector. The consensus forecast is a small rise in the rate to 5.1 percent and a loss of about 50K jobs.

The market’s task is to assess that data in light of a Fed which has raised its level of inflation concern and which noted in the most recent set of minutes that weak data would not have them rushing to judgement.

2008-06-02T05:47:46-04:00 John Jansen

John Jansen submits:

Prices of Treasury coupon securities are registering gains in overnight trading and the sharpest gains are in securities of 5 years and less. The yield on the benchmark 2 year note has declined 7 basis points to 2.58 percent. The yield on the benchmark 5 year note has also slipped 7 basis points and rests at 3.36 percent. The yield on the 10 year note has declined 3 basis points to 4.03 percent. The yield on the 30 year bond has dropped 2 basis points to 4.71 percent.

The 2 year /10 year spread is wider by 4 basis points and trades around 145 basis points.

Equity markets around the globe are registering mixed performances. Stocks in Tokyo surged to five month highs as financial shares led the way with one key index rising 0.7 percent. The Hang Seng in Hong Kong jumped by 1.3 percent.

Prices of shares are sharply lower in European trading as financial concerns dominate trading. UK lender Bradford and Bingley will receive an infusion of cash from TPG Capital, a private investment firm with about $30billion of capital .European shares are generally lower by about 1 percent.

Futures market trading indicates that US shares will openly sharply lower when trading begins in New York in several hours.

Economic news from the UK was troubling as manufacturing fell to its lowest level since July 2005 and prices surged to their highest level since the inception of the Purchasing managers Index in 1999. Separately, another reported showed mortgage approvals had dropped to their lowest level in nine years.

Oil which has been the lubricant of much trading volatility recently is about $1 lower in futures market trading.

A new trading month begins for many today in the US and several large investment banks, with quarter end having just passed, confront a tabla rasa. The ISM and the construction spending reports should reinforce the notion of economic weakness. Later in this week, the Labor Department will release the monthly employment report and pundits piously prognosticate pusillanimous prospects for growth in that sector. The consensus forecast is a small rise in the rate to 5.1 percent and a loss of about 50K jobs.

The market’s task is to assess that data in light of a Fed which has raised its level of inflation concern and which noted in the most recent set of minutes that weak data would not have them rushing to judgement.

Complete Story »

John Jansen

Will the Banks Rebound? Cramer's Mad Money (5/30/08)

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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday May 30. Click on a stock ticker for more analysis.

Toll Brothers (TOL), Hovanian Enterprises (HOV), Citigroup (C), Wells Fargo (WFC), Merrill Lynch (MER), Lehman Brothers (LEH), American International Group (AIG), Washington Mutual (WM), Wachovia (WB), Bank of America (BAC)

Cramer told viewers that a return by the banks could happen next week which could set off a market-wide rally and take us all a lot higher. It all depends on two important factors, Cramer said: housing and unemployment. Falling home values and weak employment numbers have killed the banks. Earnings from Toll Brothers and Hovnanian Enterprises early next week and Friday's job report could change that. If these two homebuilders show at least some stabilization, the mortgage-backed securities could also regain pricing strength, and they have been at the center of the credit crisis.

The possibility for a bottom in housing should result in a bottom for banks. Cramer said that would take a lot of pressure off companies like Citigroup, Wells Fargo, Merrill Lynch and Lehman Brothers. A decent jobs number will just add to the good news, taking the banks, and the rest of the market, even higher. If oil drops to a decent level and the usual end-of-month buying takes place, it will be all the better for investors.

Cramer said poor numbers from homebuilders and a bad jobs report would be horrible for financials. American International Group, Washington Mutual, Wachovia and Bank of America could drop to new multiyear lows if this were to happen. But Cramer said he feels positive about the outcome overall. Investors should not do anything until Friday. If the stars align as Cramer expects, you have your green light. If not, stay conservative.

[Editor’s Note: The remainder of Cramer’s Mad Money program on Friday was a re-broadcastof a previous show.]

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and Stop Trading! picks.

2008-06-02T05:29:16-04:00 SA Editor Joan Wickham

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday May 30. Click on a stock ticker for more analysis.

Toll Brothers (TOL), Hovanian Enterprises (HOV), Citigroup (C), Wells Fargo (WFC), Merrill Lynch (MER), Lehman Brothers (LEH), American International Group (AIG), Washington Mutual (WM), Wachovia (WB), Bank of America (BAC)

Cramer told viewers that a return by the banks could happen next week which could set off a market-wide rally and take us all a lot higher. It all depends on two important factors, Cramer said: housing and unemployment. Falling home values and weak employment numbers have killed the banks. Earnings from Toll Brothers and Hovnanian Enterprises early next week and Friday's job report could change that. If these two homebuilders show at least some stabilization, the mortgage-backed securities could also regain pricing strength, and they have been at the center of the credit crisis.

The possibility for a bottom in housing should result in a bottom for banks. Cramer said that would take a lot of pressure off companies like Citigroup, Wells Fargo, Merrill Lynch and Lehman Brothers. A decent jobs number will just add to the good news, taking the banks, and the rest of the market, even higher. If oil drops to a decent level and the usual end-of-month buying takes place, it will be all the better for investors.

Cramer said poor numbers from homebuilders and a bad jobs report would be horrible for financials. American International Group, Washington Mutual, Wachovia and Bank of America could drop to new multiyear lows if this were to happen. But Cramer said he feels positive about the outcome overall. Investors should not do anything until Friday. If the stars align as Cramer expects, you have your green light. If not, stay conservative.

[Editor’s Note: The remainder of Cramer’s Mad Money program on Friday was a re-broadcastof a previous show.]

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and Stop Trading! picks.

Complete Story »

TOL HOV C WFC MER LEH AIG WM WB BAC SA Editor Joan Wickham

Sowing Profits with the Claymore/Clear Global Timber ETF

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As the fluctuating cost of oil has drastically altered the economic outlooks of this country and many of our trading partners, certain sectors and industries have been materially effected. For example, the airline industry has been adversely effected while clean tech appears to be in gold rush mode.

The mainstream media seems to have overlooked the world's dependence on another key commodity. A recent article by Don Miller in MoneyMorning suggests that investors should be "lining their pockets with timber" and that the commodity has the potential to be a potent investment play.

2008-06-02T05:16:00-04:00 Andrew Corn

Andrew Corn submits:

As the fluctuating cost of oil has drastically altered the economic outlooks of this country and many of our trading partners, certain sectors and industries have been materially effected. For example, the airline industry has been adversely effected while clean tech appears to be in gold rush mode.

The mainstream media seems to have overlooked the world's dependence on another key commodity. A recent article by Don Miller in MoneyMorning suggests that investors should be "lining their pockets with timber" and that the commodity has the potential to be a potent investment play.

Complete Story »

CUT Andrew Corn

Sigma Post-Earnings Update: Staying Long, Though Concerns Remain

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Since I'm outspoken for my interest in Sigma Designs (SIGM), I felt it would be appropriate to update my take (read recent conference call transcript here).

Of concern to me (and probably every analyst) was:

2008-06-02T05:13:45-04:00 Michael B. Krause

read recent conference call transcript here).

Of concern to me (and probably every analyst) was:

Complete Story »

SIGM Michael B. Krause

News Corp Dips Its Toes into Gaming

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News Corporation, (NWS) famously, were unique amongst the big Hollywood studios/global media companies in having no game publishing presence. This despite the fact that gaming, inevitably, will grow to be bigger than film and TV combined. This anomaly has been put down to a number of causes including Rupert Murdoch’s advancing years and the possibility that he was waiting for the right target to swallow up.

In fact ,amongst its sprawling worldwide media interests the only things that are gaming related is IGN Entertainment which owns a whole cluster of gaming websites and a 51% stake in mobile phone content company Jamba!, hardly the vehicles to take on Viacom (VIA), Warners (TWX), Electronic Arts (ERTS) and the other global game publishers.

2008-06-02T05:12:02-04:00 Bruce Everiss

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