Friday Morning, November 23rd

   Dow Stock News

Boeing (BA) won $716 million in orders from KLM on Thursday.  As long as Boeing doesn't have excessive raw materials costs that have been rising on a weak dollar, maybe it can win more orders away from Airbus from the dollar collapse.

According to ValleyWag, the Microsoft (MSFT) Zune has the top spot among digital media players on Amazon (AMZN). That would put it ahead of the Apple (AAPL) iPod for the first time. Rumor is that Steve Jobs is buying tens of thousand of Zunes to test them for defects.

Management at GM (GM) says that November sales are on track. With the stock at a 52-week low, that may be a relief for investors. And, it could cause the stock to move back up. "We are looking at the numbers for November and we are making our numbers," Bob Lutz, GM's chief of global product development told Reuters.

   Media Commentators

Cramer's Comments:

The last show was previously aired on December 25, 2006.

   CNBC Fast Money Review

1. S&P 500 GIVES UP 2007 GAIN

The headline: Late-Day Sell-Off, Pushes S&P 500 Into the Red for 2007, Dow Below August Credit Crunch Low.

Karen Finerman explains that she usually likes to buy dips, but today she had almost no buy tickets.
Pete Najarian calls it a tale of two tapes. He likes AAPL, GOOG and RIMM. He says the tech horsemen are still running.

2. WHAT'S YOUR PRICE FOR GM?

The headline: GM Shares Turnaround, Prevent Market From Even Bigger Sell-Off.
Guy Adami recommends buying GM at current levels. He thinks it´s okay to get long with a tight stop.

3. RED BLACK FRIDAY?

The headline: Consumer Sentiment Falls To The Lowest In 2 Years According To Reuters/University Of Michigan.
Jeff Macke explains GPS cut it´s forecast for the year, and the stock took a hit. Buy the dip, he says.
Karen Finerman says expectations are low in retail. She recommends buying LTD for its valuation.
Pete Najarian prefers TGT in the retail sector.
Guy Adami recommends buying the dip in CTRN ahead of its earnings.

4. BANKS LEAD FALL INTO RED

The headline: Bank Stocks Become Scapegoat For Market's Sell-Off Friday.
Pete Najarian says buy puts on financials. I don´t like the tape he adds. “There's no need to pick your bottom!’

5. DEERE JUMPS

The headline: Agriculture Plays Still Working as DE Shares Surge on 52% Profit Increase.
Guy Adami says "Both Goldman and Credit Suisse have $180 price targets on this stock and I think it´s a trade that work."

6. POPS AND DROPS

GOOG popped 2%: Najarian says “I think it´s upwards from here.’
X popped 5%: Adami explains that inventories are at decade low. He likes this stock.
TSO dropped 3%: Finerman can´t understand the drop.
AIG dropped 6%: Adami thinks AIG is a buy at $50.
CC dropped 6%: Macke says it´s the worst company on earth.

   News and Events Digest

Breaking News

IAC/Interactive Corp. (IACI) will likely launch a Chinese version of its Ask.com search engine within two years, and plans to invest a further $100 million in a new internet venture in the country, Chief Executive Barry Diller said Friday.

IAC's move into China's highly competitive internet search market follows the entry, with mixed results, of U.S. search giants Google Inc. and Yahoo! Inc., who both remain far behind local search champion Baidu.com Inc. - MarketWatch

Goldman Sachs (GS) is aiming to raise $4 billion to $6 billion for a new hedge fund as the investment bank tries to rebuild its reputation in the hedge fund business, it has told potential investors according to a story on the FT.com Web site Thursday. - MarketWatch

Franco-Belgian utility Suez (SZE.FR) wants to "hold and exploit third generation nuclear plants on the horizon of 2020," Suez central director of nuclear activities Paul Rorive said Friday in a presentation.
Suez also aims to maintain the share of nuclear power in its energy mix in Europe at around 20%, Rorive said at a press breakfast on Suez's nuclear expertise. - MarketWatch

Bond insurer CIFG will receive a $1.5 billion capital injection from shareholders of its French parent to preserve its imperiled triple-A credit rating. - WSJ

Media Summary

November NYSE Short Interest: Not Pretty For Financials
Short interest for stocks traded on the NYSE was up about 3% for the period ending November 15 compared to the October 31 numbers. Bets against big financials sky-rocketed, and positions in some retailers jumped.

The shares sold short in Washington Mutual (WM) jumped 12.3 million to 74.6 million. Wells Fargo (WFC) shares sold short moved up almost six million to 53.7 million

The short position in Wal-Mart (WMT) spiked to 7.4 million to 51.6 million and Home Depot's (HD) was up 5.6 million to 63 million.

Largest Short Positions

Company                                         Shares Short

Ford (F)                                           164.4 million

Countrywide (CFC)                           112.5 million

Washington Mutual                            74.6 million

AMD (AMD)                                       68.2 million

CVS                                                  67.6 million

Qwest (Q)                                          66.7 million

Home Depot                                       63.0 million

GE                                                    61.6 million

Time Warner                                      61.3 million

Best Buy                                           59.1 million

M&A Activity:

Indications are that UAL Corp. (UAUA), the parent of United Airlines, remains open to the idea of a merger with another carrier, accord to a Business Week report. Saddled with one of the thinnest profit margins in the industry, Chicago-based UAL is exploring asset sales as well as spinning off Mileage Plus, its frequent-flier program, as a way of becoming more attractive as a prospective merger partner, the magazine reported in its Dec. 3 issue. Moreover, United's on record as saying it plans to rely on its existing fleet of 460 jets until 2015 or 2016 -- at a time when rival carriers have been busy placing orders for new aircraft. One potential merger candidate, Delta Air Lines Inc. (DAL), shot down talk of doing a deal with UAL earlier this month, but investors and analysts remain of the view that Delta's the most logical choice for UAL and Chief Executive Glenn Tilton, followed by U.S. Airways Group (LCC). Tilton wasn't available for comment, Business Week reported. - MarketWatch

MetLife Inc. (MET) said Thursday that its Mexican unit has agreed to buy the pension fund operations of local asset management firm Grupo Actinver SA to strengthen its retirement savings business in the country. - MarketWatch

IPO Central:

IPOs on schedule for the week of 11/23/07:

Tremisis Energy Acquisition CORP II (TEAX). The company is a newly formed blank check company. The company is selling 9.5M shares at the initial range between $8-$8. The company announced Revenues for the last 12 months of $0M and Net Income of $0M. The Lead Managers are Merrill and EarlyBird Capital. Tremisis Energy Acquisition CORP II (TEAX) is headquartered in Houston, TX.

   Upgrades and Downgrades by Sector:

Business Services
 FCN FTI Consulting Banc of America Sec Initiated at Buy $70
 HURN Huron Consulting Banc of America Sec Initiated at Buy $86

Computer Software
 TIBX TIBCO Software Bear Stearns Upgraded from Underperform to Peer Perform

Ethanol
 USBE US BioEnergy Soleil Upgraded from Sell to Hold

Gold and Silver
 Mining AAUK Anglo American HSBC Securities Upgraded from Neutral to Overweight
 HL Hecla Mining CIBC Wrld Mkts Downgraded from Sector Perform to Sector Underperform

Motor Vehicles
 SPAR Spartan Motors Barrington Research Initiated at Outperform $13

Oil and Gas
 CEO CNOOC Ltd Citigroup Upgraded from Hold to Buy
 PTR PetroChina Bear Stearns Upgraded from Underperform to Peer Perform

REITs
 OHI Omega Health UBS Upgraded from Sell to Neutral

Telecommunications
 GLDN Golden Telecom Citigroup Initiated at Buy $141