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	<title>CramerEffect.com &#187; second quarter</title>
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		<title>Cramer Recommends Gannett After Strong Earnings Performance</title>
		<link>http://www.cramereffect.com/2009/07/cramer-recommends-gannett-after-strong-earnings-performance/</link>
		<comments>http://www.cramereffect.com/2009/07/cramer-recommends-gannett-after-strong-earnings-performance/#comments</comments>
		<pubDate>Mon, 20 Jul 2009 13:09:50 +0000</pubDate>
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		<description><![CDATA[On Thursday night’s Mad Money show, Jim Cramer weighed in on Gannett’s impressive second quarter earnings results. ]]></description>
			<content:encoded><![CDATA[<p>The Dow Jones industrial average ended a nice rally this week with a 32 points on Friday to finish at 8,744. The Dow rose every day this week on the back of strong earnings reports beginning with Intel (<a href="http://finance.yahoo.com/q/ks?s=INTC">INTC</a>: 26.85 <font color="#FF0000">0.00%</font>). In fact, all six of the Dow stocks that reported earnings this last week delivered better than expected results. </p>
<p>While not a Dow component, one of the bigger earnings surprises this week was Gannett (<a href="http://finance.yahoo.com/q/ks?s=GCI">GCI</a>: 15.14 <font color="#FF0000">0.00%</font>). The newspaper publisher reported $.46 EPS for the second quarter, while Wall Street was only expecting $.36 EPS. The markets took notice – sending their shares up 29% on Wednesday.</p>
<p>On Thursday night’s Mad Money show, Jim Cramer weighed in on Gannett’s impressive results. &#8220;I thought that quarter was really something. They put it together. Maybe the cost cuts really will do it. I am not in a million years going to dump after that. I wish them the best of luck. I think that you will have a 50% move in Gannett.&#8221; </p>
<p>While the stock didn’t jump 50%, it did gain another 4.8% on Friday after Cramer’s bullish recommendation.</p>
<p>Other Cramer bullish stock picks: </p>
<p>NCR Corp (<a href="http://finance.yahoo.com/q/ks?s=NCR">NCR</a>: 21.44 <font color="#FF0000">0.00%</font>) dropped 2.3% &#8211; &#8220;I do not like the end markets of NCR… I am not going to recommend buying it… that stock has really got hammered ever since my friend, buddy, pal and supporter of Mad Money, Mark Hurd, left that company.&#8221;</p>
<p>DryShips (<a href="http://finance.yahoo.com/q/ks?s=DRYS">DRYS</a>: 2.98 <font color="#FF0000">0.00%</font>) fell 1.9% &#8211; &#8220;The thing does trade like a banshee&#8230;I am a seller of DryShips.&#8221;</p>
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