ABB - Nuclear Power - Industrial Electrical Equipment
From Stock Spy
Jim Cramer has been promoting ABB on his "Mad Money" TV show on CNBC and "Real Money" his radio show for the last 6 months.
In this case study we see how Stock Spy shows you exactly when a specific news event happened and what effect it had on the stock price. You can then see what effect it had on the stock or how accurate the predictions were.
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July 31, 2006
Cramer says, "this company is down and reported a monster quarter", but he would not support a call option on the stock.
Over the next few days Jim Cramer keeps promoting the stock.
On Aug 1, 2006: "Cramer says that infrastructure is down because it is unfairly lumped together with housing. He suggests picking stocks which are involved in building utility plants, such as ABB, whose great quarter went unnoticed..."
On Aug 8, 2006: "Cramer recommends picking up ABB because it is among the cheapest infrastructure stocks and should reach its high in six months."
In the image you can see this cluster of recommendations in the news chart near the yellow marker.
ABB Price Spikes at beginning of October
Cramer is bullish on this stock because it is in a "really good situation." You can see at this point the stock seems to take off in reaction to his blessing.
James Cramer Recommends ABB at start of November
This company is not finished going up, according to Cramer, although those with substantial gain should take a bit off the table.
In December Jim Cramer predicts ABB will go higher
'ABB is the primary nuclear power builder ... I say ABB, at $17.50, is not done going up. That stock is headed to $20. I want to stick with that stock.' But as we see momentum seems to be weakening. Time will tell if ABB meets Cramers prediction.
RSS feeds for ABB
In this example we have used the SeekingAlpha news feed for ABB. However, like many corporations ABB offers RSS news feeds which can be charted using Stock Spy.
You can find the ABB news feed from the companies home page:
