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Thursday, 08/14/08
Posted 08/14/08, 08:37
pm ET
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comments below)
Today's date:
Thursday, 08/14/08
Dow Jones:
11,615
+ 82
NASDAQ:
2,453
+ 25
S&P 500:
1,292
+ 7
All comments on one
page...
All on one page...
See today's 1:30pm
show comments below...
Note:
During the two week
period, 8/11-8/22, Jim
Cramer's 6pm show has been
replaced by Olympic games'
coverage. Therefore, CNBC is
airing special abbreviated
half hour segments, called
"Mad Money At The Half"...
as well as the normal Mad
Money, full-hour shows, at
11pm.
Given this later schedule of
only an 11pm showing (vs.
the normal 6pm showing), all
full show recaps will be
posted as soon as possible
on the following business
mornings.
Beginning of the 1:30pm show
comments...
. . . . .
Introductory Comments:
Jim: Horrible
inflation numbers... bad
unemployment... housing on
the decline... market up?...
What's wrong with this
picture?... Nothing...
If you are someone over seas
with a weakening currency
and just getting started
with a big housing rollover
that will equal or exceed
ours a year from now, then
you know nothing is wrong...
Nothing if your company is
just getting hit the way we
did one year ago... At my
old hedge fund I'd used to
say sometimes, don't be so
granular... don't read our
papers... keep your head out
of the sand... we bottomed
July 15th... and this rally
is part and parcel to that
bottoming...
What bottom then?... The
dollar... financials...
retail... travel...
airlines... any company that
uses commodities or buys
them...
What topped?... Everything
that was in the consumer
price index that we're
supposed to be so scared of
that came out this
morning.... The CPI was like
looking on your rearview
mirror at a 17 car pile up
on the Jersey Turnpike...
You're past it already, for
heavens sake... Which means
the financials can rally
still and the consumer
companies, the retailers,
which need lower gasoline...
much more than higher
rebates... Not to mention,
lower heating oil are
getting it... Which means
the homebuilders, which have
really bottomed now with
Toll Brothers (TOL),
the biggest bear turning
bullish... By the way, I'm
not a chartist, but what a
chart on that TOL... what a
chart on the
PHLX Housing Sector Index
(^HGX)...
which means the big
commodity users, the
Clorox Co. (CLX),
the
Kellogg Co. (K),
the
Kimberly-Clark Corp. (KMB)'s,
which have been on a tear
and are pulling back ever so
slightly today... put me up,
let's buy them... And, of
course, the retailers in the
text... Didn't
Macy's
(M)
report a bad number?... Why
did that rally?... Because
it's the bottom...
This is what happens when
inflation peaks here, but is
still rising overseas...
This is what happens when we
look better than they do...
They, that is all the
corporations and individuals
endlessly on the hunt for
the cheapest market
worldwide... and that's
us...
Jim's comments BEFORE the
interview: Let's get personal...
What's the best tasting food
in the world?... Oh, come
on... Look, we're not in
some culinary class right
now, although we will be in
a moment... Is there
anything better than a Big
Mac, fries and Diet Coke?...
What did I have three months
ago when I was in Paris on
the Rue de something or
other, next to the Shomp de
lece.... Yeah...
McDonald's
(MCD*)...
Real good there too... Don't
wait for the Cramer
autobiography... Where did
my late mom, a true health
nut, go for her last meal,
the day before she died?...
You got it... she got
dressed and went to
McDonald's... Big Mac,
fries, Diet Coke... I can
not make this stuff up...
McDonald's is universal...
It works everywhere... It's
one of the greatest American
success stories ever... When
everyone has been moaning
the high price of
commodities, the inability
to make money, lousy
environment worldwide... sad
profile of Americans
overseas... Who's kicking
butt?... who's taking
names?... who is
dominating?... Who have I
been behind for 45 points
and not going anywhere for
another 40... MCD*....
Why?... Management... Let's
bring on the man behind the
golden arches...
Transformational CEO, Jim
Skinner...
. . . . .
Jim's comments AFTER the
interview: Jim Skinner, you are a
great money maker for our
viewers at Mad Money... I
congratulate you and your
great team... your great
team of thousands of
people... Jim Skinner of
McDonald's
(MCD*)...
not done going up... Don't
jump off it like these
analysts... stick with it...
. . . . .
CEO Interview:
Martha Stewart, CEO Martha Stewart Living
Omnimedia (MSO)
Jim's comments BEFORE the
interview: Right now I can't think
of a better, bigger comeback
story than what is happening
at
Martha Stewart Living
Omnimedia (MSO)...
I got behind the stock on
July 24th... it was at $7
bucks... Since then it's up
over 15%... Oh, give me a
break... This stock isn't
done going up... not by a
long shot... In fact, this
is a brand that is so much
bigger than the stock that I
am on a mission to prove it
to you... but don't let me
be the only source of
inspiration... How about I
bring out one of the first
namers... the first
namers... The few people
recognized in the world by
their first name... Like
Oprah... like Regis... Maybe
bigger... How about the one
and only Martha... Martha
Stewart... Martha come on
out... Martha and I weren't
always friends, but we are
lately...
. . . . .
Jim's comments AFTER the
interview: Congratulations on the
second act... I think it's
going to be a huge
success... Congratulations
to you... Martha Stewart,
founder of
Martha Stewart Living
Omnimedia (MSO)...
$8 bucks... will you give me
a break?... $8 bucks, going
higher...
. . . . .
Outrage of the Day:
These financials of
region... I thought they
were going out of
business... They're doing
great, it's unbelievable...
Potash (POT),
the fertilizers can't
possibly hold even these low
prices?... Some of them must
think that Obama is going to
lose...
Lockheed Martin (LMT),
Mosaic (MOS),
fertilizer going again...
US Airways Group, Inc. (LCC),
I mean, there's something
the matter with U.S. Air...
Anyway... Here is some
headlines and stories that
you aren't seeing... and
frankly, I'm outraged in a
positive way...
How about this?... Home
affordability reaches
highest level in years...
You're not seeing that
story... Whole areas of this
country now have homes for
sale that are cheaper than
renting for the first time
in eight years... Decline in
housing giving people an
unprecedented opportunity to
buy a home...
How about this story, have
you seen this one?... Home
heating prices coming down
to levels below last year...
Your winter heating bill is
about to go below where last
year's bill was with
bountiful supply and lagging
demand...
Why don't we ever read
that?... It should be a much
better holiday season
because of it... It's what
the market is saying... I
hear what the market is
saying... Do you mind if I
translate it for you?...
Okay... stick with some good
news for a change...
Think positive!...
It's okay...
. . . . .
Final Remarks:
[ Remarks ended with the
Outrage Of The Day comments
above ]
[ End of 1:30 "Mad Money: At
The Half" Show Comments ]
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Symbol keys:
A Charitable Trust stock.
- An asterisk next to a
stock symbol indicates that
Jim mentioned it is a stock
that he manages within
his
charitable trust portfolio.
You can see the complete
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Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
the stock. We do our
best to interpret Jim's
opinion on stocks, as we
think it is indicated by his
comments during the show.
Please read his comments to
decide for yourself.
Thumbs down -
indicates he has said not to
buy or to sell the stock,
based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
his comments during the
show. Please read his
comments to decide for
yourself.
Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
'mon-back' on the stock...
In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
up the truck" to load up on
his cargo. Translation
for buying stocks:
This recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
Stumped. - Of the
2,000+ stocks that Jim
Cramer has in his head, for
which he has an informed
opinion, he sometimes comes
across a caller with a stock
he does not know well enough
to opine on... He then
indicates he is stumped and
will have to come back to
it, after he does some
homework of his own on
the stock. This
usually occurs during the
Lightning Round, when Jim
does not know in advance who
is calling, or what their
stock question is about.
Definitions of key phrases
used by Jim, known as
"Cramerisms":
Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to trade -
either to 'buy' or
to 'sell' (although he
usually uses the phrase for
buying), as if to say you
should feel comfortable
enough to make the final
decision without looking
back...
Definition: 'Ring
the Register' is Jim's phrase for
selling a stock, and making
it a final sale, that you
should not look back on.
Put it behind you.
Definition:'Let It Come In' indicates how you
may wait for it to pull back, or have the
stock price come down briefly, as your
chance (after letting it come in) to buy
the rest of your position (i.e., total
number of shares you own in that stock).
Definition:'backing it up'
or 'doing a 'mon-back' is Jim's
phrase for the metaphor of backing up a
truck to load up on a stock by buying
it. 'Mon-back is short for the
imaginary worker saying, 'Come on
back...' as the truck is backing up to
receive its load... Notice that we use
the little truck icon to indicate where
Jim has mentioned this.
Translation for buying
stocks: This
recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
See more
"Cramerisms" & other
financial phrases
here >>
Helpful Websites:
See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
Stock Homework 101:
This is an excellent
upcoming site that provides
resources and links to help
you do that homework that
Jim Cramer recommends after
hearing his suggestions...
FastMoneyRecap:
This site will be a quick
summary of recommendations
made by the great Fast Money
TV show crew, that will
offer you a unique service,
to compare their picks to
Jim Cramer's past comments
about those stocks.
