Per CNBC, Buffet is investing in railroads. If things pan out, railroads will need to invest in themselves - WAB provides components, brakes, etc. for the industry.

IPO spin off of VMWare and earnings on July 24. CNBC and Cramer pick: "VMware’s current average price range is $24. Cramer doesn't think anyone believes it will get taken public at that price. If it prices $10 higher, at $34, then EMC goes to $20.38 – over 18% higher than its current price. If VMware goes to $48, double the current valuation, then EMC should hit $22.60 – up a cool 20% from the current quote.

Long term - selling/killing 16 brands to focus on 4 major brands. Current wholesale strategy puts retail shops in position of power. 4 brands will have their own proprietary retail shops and competing retail stores will need to pay to have these brands in them or will suffer. Per CNBC - "the worm turns". CEO said 2009 to have main LIZ store turned around and then $$ from there will be used to pump up existing stores.

Big CNBC and Cramer pick. Oil is on the rise and it's trading cheap in comparison to company strength. Also the 80/120 rule applies here.

Huge international growth in China, India, etc. CAT main player there and US housing down turn shouldn't impact the stock because of it. US dollar dropping should help selling of CAT product internationally. Strong growth and another 80/120 play.

Per CNBC on 07/11/2007 The headline: Playtex (PYX) CEO Cancels Presentation At CIBC Conference, Sparking Takeover Talk Pete Najarian says the CEO canceling his speech was very strange and a lot of options activity followed; with traders buying the upside.