Jim Cramer JP Morgan JPM 3/10/09 - March 10, 2009

Jim Cramer of CNBC said during his Stop Trading segment that you have to see Jp Morgan ( JPM ) go into the $20's before you can declare a " stock market bottom" for 2009 and declare today's rally more then a bear market bounce. Keep an eye on JPM stock as we trade over the next several weeks.

Keep in mind, Jim Cramer was not bullish over the past week when his friend Doug Kass made bottom statements for the S&P 500. The Doug Kass bottom is actually 693 on the S&P 500 which we broke but are now trading over 710 today on the Citigroup ( C ) news. Although, Cramer notes that the uptick rule would make him bullish.

"The Chinese stimulus plan changes spending habits as they are basically giving you money to spend. Check out FXI stock. if you like China. "

Fertilizer Stock Plays - " I like TNH because of dividend play. "

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Bank Stocks 2/24/09 February 24, 2009

Today, 2/24/09, the bank stocks are going up in pre market after a fair day yesterday and in hopes President Obama will say something positive tonight in the State of the Union Address.

Banking Stock Update - February 24, 2009 - Pre Market

JP Morgan - JPM - $20.70 Up 6.10 - J.P. Morgan cuts dividend to save $5 billion a year. Bank says first quarter 'solidly profitable,' outlook in line with estimates.

Bank of America - BAC - $4.15 Up 6.14% - Thain Ordered To Provide More Testimony To NY AG

Citigroup - C - $2.26 Up 5.61% - A 3rd Rescue Would Give U.S. 40% of Citigroup

Fifth Third Bancorp - FITB - $1.40 Up 12.90% - Fifth Third Bank Excels in Customer Satisfaction Survey of Largest U.S. Retail Banks

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Bank Stocks 1/15/09 - January 15, 2009

News that Bank of America ( BAC ) is needing more Government Aid started circulating last night and Jp Morgan ( JPM ) reported better then expected earnings of .07 EPS this morning. Despite the JP Morgan news, banking stocks are taking a nose dive this morning, 1/15/09. This really all started last week when Citigroup ( C ) started to break down.

The S&P 500 has support between 815-820, so if you love financial stocks down here, it could be a great place to take a shot. I will not be getting involved however until things start to improve.

Bank of America ( BAC ) - January 15, 2009 Low - $7.35 - Current Price $8.08
JP Morgan ( JPM ) - January 15, 2009 Low - $24.75 - Current Price $26.01
Citigroup ( C ) - January 15, 2009 Low - $3.36 - Current Price $3.71
UBS ( UBS ) - January 15, 2009 Low - $11.81 - Current Price $11.90
Goldman Sachs ( GS ) - January 15, 2009 Low - $69.00 - Current Price $71.57
Morgan Stanley ( MS ) - January 15, 2009 Low - $15.25 - Current Price $15.65

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Chesapeake Energy CHK Upgraded 12/08/08 - JP Morgan

Chesapeake Energy ( CHK ) has come out today, 12/8/08, and slashed their shelf offering to 25 million shares from 50 million shares. The company also said they are exploring the sale of their Fayetteville Shale properties to raise cash.

These activities have caused two firms to upgrade CHK stock and Chesapeake is up 30% in pre market to $14.85 per share.

Chesapeake Energy CHK raised to accumulate from hold by Tudor Pickering
Chesapeake Energy CHK raised to overweight from neutral by JP Morgan

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Meredith Whitney CNBC 11/05/08 - Citigroup C

Meredith Whitney was on CNBC today, 11/05/08 ( November 5th, 2008 ) Here are some of her comments:

Financials and Economy are so far off the tracks right now....

Where are we in the Financial Sector?

We are in a new part of the cycle, going forward, there will be contraction in the overall mortgage market - credit card lines are going to shrink, credit will be taken away from companies, we've never seen this before, also we have an economy that is not doing good right now. Earnings estimates on Wall Street are still to high.

How much is priced in?

Citigroup ( C ), Wells Fargo ( WFC ), Bank of America ( BAC ), JP Morgan ( JPM ), I think these companies still have further down to go, we are in for a rude awakening, I see a slow grind down for these stocks. I think Citigroup goes into the single digits. The stock prices in the financial sector are still way to high, wait for lower prices.

Meredith warned people in August before this whole downturn, so I always find what she has to say interesting. She called this financial crisis before anyone about a year ago....she has even received death threats, but she has been right!


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AIG - JPM and GS to the rescue! The Government asks Goldman Sachs and JPM Morgan for Help!

CNBC is reporting that the Goverment is out asking Goldman Sachs and JP Morgan to lead a lending facility of $70-$75 billion for AIG.

The Dow rallied 100 points on this news...but is now coming off that rally. AIG, GS, JPM have all bounced off their lows.

( JPM ) ( WM ) JP Morgan - Washington Mutual - JP Morgan in advance talks to aquire WaMu

CNBC is reporting that JP Morgan ( JPM ) is in advance talks to aquire Washington Mutual ( WM ).....WM jumped 10% on this news to $3.22.