MERRY CHRISTMAS TO ALL! El TheStreet.com on Fox News Channel
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WORD ON THESTREET:
Forget the bulls and bears ... bring
on the reindeer! Every year Wall
Street looks for a "Santa Claus"
rally. This week's panel -- Herb
Greenberg, Jim Cramer and
guests Faye Landes from Thomas
Weisel Partners and Ralph Bloch
from Raymond James and Associates -- debate that
famous statement "Yes, Virginia, there is a Santa Claus
(rally)." Plus, will this tremendous market continue through
2000? Guest Ralph Bloch is a "parobolic curve" pessimist,
but Cramer is a determined bull and will not pull in his
horns. Find out what Cramer really thinks about these two
guests in this week's Cutting Room.
CHARTMAN:
Gary B. Smith and Adam
Lashinsky play "Secret Santa"
on this week's "Chartman."
Because "Adam needed so
much this year," Gary gives him
a stock that he doesn't need to
do any fundamental research
on -- Red Hat (RHAT:Nasdaq - news). Adam thinks it's a
"good stock with good fundamentals," but is strictly for
momentum players. Of course, Adam knows that it's better
to give than receive, as he gives Gary "The Real Thing" for
the holidays -- Coca-Cola (KO:NYSE - news). Adam calls
Coke a great American name, something for the middle of
the year, but Gary is would still consider shorting this lump
of chartist's coal.
STOCK DRILL:
Guest Faye Landes talks brand names with Jim and Herb
and offers up Nike (NKE:NYSE - news) and Nokia
(NOK:NYSE - news) in this week's "Stock Drill." Landes says
the lesson of last week was that "the best time to buy Nike is
when expectations are negative and low."
HOLIDAY WI$HES:
Our prediction panel offers up their Wall Street holiday
wishes for investors. Compaq (CPQ:NYSE - news) has been
naughty for the past two years, but Cramer sees a nice year
ahead for the computer maker. Herb hopes that investors
who have become complacent realize that the market can
be mean. And Dave Kansas made a great call on Yahoo!
(YHOO:Nasdaq - news), and now has his twinkling eye on
Amazon (AMZN:Nasdaq - news) forecasting that January will
be tougher for the e-tailer. Talk about this week's show on
our message boards.
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