Lee Brodie is Digital Producer for Mad Money with Jim Cramer. Past credits include "Trading Spaces" and "Entertainment Tonight." He has also produced shows for History, MSNBC, NBC Productions, PBS and more. He received a 2007 Daytime Emmy award for the A&E documentary "A Question of Life or Meth." Brodie also received an Emmy award for his coverage of the New York theater scene in "Live from Broadway with Pat Collins." His first job in media was also with NBC, as a page.
During Q3 a resilient stock market held its ground against the worst drop in housing prices since 1970. However, the credit market needed the Federal Reserve to bail it out - and major retailers such as Target (TGT) and Wal-Mart (WMT) issued shaky outlooks. What’s in store for Q4?
Third-quarter corporate earnings are expected to show the weakest growth in five years. The current credit crunch, which began in mid-summer, is having a predictable impact on the financial services sector, which makes up about 28% of the earnings in the Standard & Poor's 500 Index. That soft spot is skewing the outlook for the nation's largest companies.
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If you’re looking for an energy play, Cramer thinks this stock may belong on your radar.
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