Jim Cramer: "What does Target care about Ireland?"

Cramer did not receive the memo that Target

is now a credit card company

Target beats estimates and becomes a credit card company

11/18/10

NEW YORK (The Street) -- Investors need to see through the smokescreen of negativity, Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He said those who took advantage of Tuesday's big selloff, profited handsomely today.

Cramer said Tuesday's market decline was spawned by concerns over debt in Ireland and a decline in oil prices. But in the fog of the panic, everything got taken lower, even stocks that have nothing to do with either. "What does Target (TGT) care about Ireland?" asked Cramer.

In reality, Tuesday was a fabulous day for Cramer's "FADS CAN" group of high- growth names. Cramer said between Tuesday's low and today's highs, the gains in the FADS CAN stock were remarkable:

• F5 Networks (FFIV), up six points.
• Apple (AAPL), an Action Alerts PLUS stock, up nine points.
• Deckers (DECK), up three points.
• Salesforce.com (CRM), up 15 points.
• Amazon.com (AMZN), up seven points.
• Netflix (NFLX), up eight points.

Only Chipotle Mexican Grill (CMG) was down this week, and Cramer said he'd be buying that one hand over fist.

Cramer encouraged viewers to always have a shopping list ready of stocks they'd like to buy. Then, when the market puts those stocks on sale, be ready to pounce. "See through the smoke," said Cramer, "and take advantage of the selloffs.

Sunday Comics (Harry Reid, Apple, Angelo Mozilo, Bachman, Bernanke Biden)

Harry Reid (blue shirt guy): "We found ourselves in a

hole that I didn't dig, but I have dug, dug and dug

to try to get out of that hole."

Harry Reid: 'You know, but for me we'd be in a

worldwide depression.'

 They want to know what I have done for them."

Melinda Gates...not in our house..

We are a Zune family...

Option 1: Do you swear to tell the truth, the whole truth,

and nothing but the truth, so help you God?"

Opiton 2: Settle fraud charges brought by SEC for

$67.5 million without admitting or denying any wrongdoing

Michele Bachmann: "Obama heads what has become

a "gangster government."

Daily U.S. Stock Market Trading Volume

Bernanke's Quantitative Easing Impact on

Grandchildrens' Allowance (not real funny Ben)

Joe Biden: "the administration is willing to compromise

on Bush-era tax cuts if Republicans are willing to

make their own sacrifices."

Apple's (AAPL) Price Target Raised to $500 per share (market cap equals 52% of Mexico's GDP)

This morning, Hudson Square Research analyst Daniel Ernst raised his price target for Apple to $500, from $300, while repeating his iBuy rating.

Daniel noted the following in his research notes: “With the launch of the iPhone, the App Store, the iPad, and the re-launch of Apple TV, we estimate Apple’s total addressable market for hardware, content, and services expanded from roughly $400 billion to $1.5 trillion.” He raised his FY 2011 EPS forecast to $17.67, from $16.67.

Impacting sales of iPad, iPod, iTunes, iPhone and iMac?

Mr. Ernst did not address the negative impact on future Apple sales when specific iChose not to make my mortgage payment for 12+ months clientele find themselves in a condition known as iGot the boot and iNeed to pay rent.

AAPL research courtesy of the IMF and their list of 181 countries

Given the current number of outstanding shares, Apple's market cap would be $450+ BILLION at $500 per share. This market cap is roughly 52% of Mexico's total GDP. Apple's market cap would also exceed the GDP of Sweden, Norway, Argentina, South Africa and 157 other countries on IMF's 181 country list.

iGonja

Maybe Daniel Ernst is an indisputable analytical genius by raising his target to $500 per share as Apple would generate a market cap 35 times greater than Jamaica's GDP and positions Apple for the next huge seller...iGonja.

Daniel Ernst : iGonja and iTunes...iTold you so!

Personal computer orders are "falling off a cliff." (JPMorgan Chase analyst)

Intel, other chip makers suffer on PC sales fears

By JORDAN ROBERTSON (AP)
8/10/10
SAN FRANCISCO — Shares of chipmakers Intel Corp., Advanced Micro Devices Inc. and Nvidia Corp. dropped Tuesday as analysts said demand for computers looks shaky heading into the all-important back-to-school season.

The stocks tumbled as J.P. Morgan analyst Christopher Danely warned investors that personal computer orders are "falling off a cliff." Barclays Capital's Tim Luke told clients that his latest checks reveal that third-quarter PC sales "have continued to remain subdued and Intel and AMD seasonal sales guidance may prove bold."

The comments amplified fears that PC sales, which have been buoyed by intense interest in cheap laptops, are starting to slow. One reason is tightfistedness by consumers who are worried that the economy and their job prospects will stay weak.

Some semiconductor makers have reported blowout numbers — Intel, for example, booked its biggest quarterly net income in a decade in the second quarter — but in many cases their stocks have barely budged. That's because investors have been worried that forecasts for the second half of 2010 could be too optimistic, given worries about Europe's debt crisis and the strength of the U.S. economy's recovery.

Intel is the world's No. 1 maker of the "brains" of PCs. AMD is No. 2. Nvidia is a big maker of graphics chips. The stocks can rise or fall together on sweeping news about the health of the computer market.

On Tuesday, Intel shares fell 4.2 percent, or 86 cents, to $19.79. AMD shares fell 8 percent to $6.83, while Nvidia shares slipped 4.5 percent, or 43 cents, to $9.21. The Philadelphia Semiconductor Index slid 2.8 percent, or 9.88 points, to 344.17 points — a bigger drop than in the broader markets Tuesday.

Computer sales are being hurt by austerity measures in Europe, tightened spending in China and a cooling off of stimulus spending in the U.S., said analyst Tristan Gerra with Robert W. Baird & Co.

Gerra downgraded his rating on Intel's shares to "Neutral" from "Outperform" on evidence of a sharp deceleration of PC orders in August and signs that a recovery in September is looking unlikely. One reason is PC makers bought too many chips in the first half of this year even as demand started to slow this summer, Gerra said.

"We see the weakness more so on the consumer side, even though we hear of some weakness in enterprise as well, notably from Europe," Gerra wrote in an e-mail.

J.P. Morgan's Danely said his checks with industry sources revealed that many PC makers have cut their orders for new products.

Hewlett-Packard Co., the No. 1 PC seller, and Acer Inc., No. 3, have cut orders to suppliers of laptop parts, Danely wrote. And Acer and Lenovo Group Ltd., No. 4, have cut orders to semiconductor companies, he wrote. As a result of his findings, Danely lowered his estimates on Intel's 2010 numbers.

"Although there is a possibility order rates could recover, we view this as unlikely given increased inventory in the supply chain and weakening demand in the U.S. and Europe and slowing demand in China," he wrote in a note to clients Tuesday.

He said he expects other markets to follow.

"We expect the weakness to show up in every end market for semiconductors, just as it always has during downturns," he wrote. "We continue to be cautious on the space due to the large amount of capacity coming on line combined with softening demand."

One bright spot for the industry is proving to be a double-edged sword.

Apple Inc.'s iPad is eating into laptop sales but its strong showing is an encouraging sign for overall computer demand. Apple has sold more than 3 million iPads since it went on sale in April.

Consumer Reports suggests downloading a duct tape app for your iPhone 4

NEW YORK (CNNMoney.com) -- Influential product review magazine Consumer Reports said Monday it will not recommend Apple's new iPhone 4 to consumers because of reception problems.

"Consumer Reports' engineers have just completed testing the iPhone 4, and have confirmed that there there is a problem with its reception," the magazine said in a blog post on its website. "When your finger or hand touches a spot on the phone's lower left side -- an easy thing, especially for lefties -- the signal can significantly degrade enough to cause you to lose your connection altogether if you're in an area with a weak signal."

Apple acknowledged the problem earlier this month, claiming that the issue was a software glitch, not a hardware problem. The company said the formula it used to calculate how many signal bars to display was incorrect, exacerbating the apparent decline in signal strength for customers in weak signal areas.

But Consumer Reports said its study called into question Apple's "optical illusion" claim: It tested the iPhone 4 along with several other AT&T phones, including the iPhone 3GS, in a controlled signal environment. None had the signal-loss problems that the iPhone 4 demonstrated.

The review said electrically bridging the gap between the phone's two antennas appears to be the cause of problem. The magazine suggested covering the gap with a non-conductive material like duct tape as an "affordable" solution.

"It may not be pretty, but it works," the magazine said in its blog. Duct tape link

There's An App For That

Sunday Comics-early edition

Apple admits iphone 4 antenna issues

Kellogg's recalls 28 million boxes of cereal

Foul odor and tastes like chicken?

Barney Frank and Chris Dodd sponsored a

congressional sleepover while negotiating the

financial reform legislation

Internet Kill Switch approved by the

Senate Committee on Homeland Security

and Governmental Affairs

Response from auto dealers as they are exempt from

the Consumer Protection Bureau

Given the recent financial reform bill, Hasbro

is contemplating the removal of the following

Monopoly cards given their irrelevance

Hasbro maintains the following cards will

remain relevant

Sunday Comics...Grandpa's 500th post edition

Mr. Feinberg, as Pay Czar, describe your overall

impact on Wall Street bonuses to date...

General Motors Heated Washer Fluid System Recall Fix

Pres. Obama's perceived venue for meeting with

British Petroleum's Chairman and Executives

Bodyguard candidates for French President Sarkozy

after he reportedly banned tall security personnel

 from applying to be his personal bodyguards

Recommended attire when test driving the iPad

Apple defends the cleanliness of its stores and

remains committed to creating a healthy

environment for their customers

What Carly Fiorina reads between interviews

Did you hear the one about Bernanke stating that

he believes AIG will pay back all their TARP money...