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	<title>CramerEffect.com &#187; hasboro</title>
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		<title>No Cramer Effect As Economic Worries Sink Stocks</title>
		<link>http://www.cramereffect.com/2009/06/no-cramer-effect-as-economic-worries-sink-stocks/</link>
		<comments>http://www.cramereffect.com/2009/06/no-cramer-effect-as-economic-worries-sink-stocks/#comments</comments>
		<pubDate>Mon, 22 Jun 2009 20:43:56 +0000</pubDate>
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		<description><![CDATA[With stocks down across the board, not a single one of Jim Cramer’s stock picks from Friday’s Mad Money show posted a gain today. ]]></description>
			<content:encoded><![CDATA[<p>The “Cramer Effect” couldn’t offset economic worries today as stocks plummeted with the Dow Jones industrial average falling 200 points. With stocks down across the board, not a single one of Jim Cramer’s stock picks from Friday’s Mad Money show posted a gain today. </p>
<p>Pharmacy retailer Walgreens (<a href="http://finance.yahoo.com/q/ks?s=WAG">WAG</a>: 33.13 <font color="#FF0000">-0.99%</font>) dropped 5.7% after reporting worse than expected quarterly results. The disappointing earnings results weighed more heavily on the stock that Cramer’s comments on Friday that he liked the stock “a lot”. </p>
<p>Other stock picks that tumbled today: </p>
<p>MetLife (<a href="http://finance.yahoo.com/q/ks?s=MET">MET</a>: 37.69 <font color="#FF0000">-0.03%</font>) down 7.5% &#8211; &#8220;MetLife did not need TARP. It&#8217;s a very good situation. Two thumbs up.&#8221;</p>
<p>JP Morgan Chase (<a href="http://finance.yahoo.com/q/ks?s=JPM">JPM</a>: 38.30 <font color="#4AA02C">+1.14%</font>) down 6.1% &#8211; “It’s a good time to buy JP Morgan on sale.”</p>
<p>Union Pacific (<a href="http://finance.yahoo.com/q/ks?s=UNP">UNP</a>: 114.35 <font color="#FF0000">-0.29%</font>) down 5.3% &#8211; “They have the ability to cut costs and grow not just revenue but income.”</p>
<p>First Merit (<a href="http://finance.yahoo.com/q/ks?s=FMER">FMER</a>: 16.55 <font color="#4AA02C">+0.30%</font>) down 4.5% &#8211; “I still think that FMER is going to be the winner, when the smoke clears.”</p>
<p>BP (<a href="http://finance.yahoo.com/q/ks?s=BP">BP</a>: 46.97 <font color="#4AA02C">+0.79%</font>) down 4.1% &#8211; “It’s a good time to buy BP on sale.”</p>
<p>Hasbro (<a href="http://finance.yahoo.com/q/ks?s=HAS">HAS</a>: 35.73 <font color="#FF0000">-1.87%</font>) down 3.3% &#8211; “Hasbro is a cheap stock and has steady, consistent growth.”</p>
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