Thursday, April 10, 2014
MM Charts: Technical Interpretation
Technical Charts and Commentary on Yesterday’s CNBC’s “Mad Money” LIGHTNING ROUND Recommendations
COMMENT: If you follow Jim Cramer on CNBC’s Mad Money program, you will be interested in our interpretation, from strictly a technical standpoint, of the stock charts for those companies mentioned in yesterday’s LIGHTNING ROUND. Our comments are neither an endorsement for, nor a disagreement with, the opinions given on the program. All charts are based on End-Of-Day data, and do not take after-hours market activity into consideration.
On CNBC’s Mad Money program, in the segment “LIGHTNING ROUND for Wednesday, April 9”, Jim Cramer made the following comments on viewer requests for the following stocks:
Boardwalk Pipeline (BWP): I’m a seller, said Cramer. I see absolutely no reason to own this stock. NOT IN OUR DATABASE
Prospect Capital (PSEC): I don’t like the business model, said Cramer. It’s just not my cup of tea. NOT IN OUR DATABASE
Kinder Morgan (KMP): I know it’s acting poorly but I like it, said Cramer. I’m a buyer.
Alkermes (ALKS): Going higher, said Cramer. It’s got a good drug. NOT IN OUR DATABASE
Baxter International (BAX): I’m a buyer, said Cramer. It’s a winner.
Disney (DIS): I think the company could show accelerated revenue growth next year, said Cramer. I’m a buyer.
Citigroup (C): I think it reports a great quarter, said Cramer. But then I’d sell the news.
Petrobras (PBR): Brazil is coming back, said Cramer, and this energy company is based in Brazil. I can see holding it for now but at $15, I’m a seller.
Kimberly-Clark (KMB): I like this one, said Cramer. It won’t shoot the lights up but I’m a buyer.
|Boardwalk Pipeline Partners, LP||Sell|
|Prospect Capital Corporation||Sell|
|Kinder Morgan Energy Partners||Buy|
|Baxter International Inc.||Buy|
|The Walt Disney Company||Buy|
|Petroleo Brasileiro SA||Hold|
|Boardwalk Pipeline Partners, LP||BWP||$14.41||$33.00||$11.99||$3,500|
|Prospect Capital Corporation||PSEC||$10.82||$11.62||$10.05||$3,260|
|Kinder Morgan Energy Partners||KMP||$77.58||$92.99||$71.32||$34,420|
|Baxter International Inc.||BAX||$73.45||$75.68||$62.80||$39,900|
|The Walt Disney Company||DIS||$80.47||$83.65||$58.84||$140,990|
|Petroleo Brasileiro SA||PBR||$13.38||$19.65||$10.20||$90,200|
Our commentary starts below. If you wish to access the CNBC Mad Money program for Wednesday, April 9, you can go directly to the website by clicking here: http://www.cnbc.com/id/101570402
(NOTE: All of our charts are color-coded: Buy is Blue; Sell is Red.)
Stephen Whiteside Stock Market Timing
Bob Weir Independent Equity Research