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Tuesday, 03/18/08
Posted 03/18/08, 8:59
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 03/18/08 |
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Dow Jones: |
12,392 |
+ 420 |
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NASDAQ: |
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2,268 |
+
91 |
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S&P 500: |
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1,330 |
+
54 |
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Final Segment 1
Title: |
'Power Banking' |
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Featured Stock(s): |
JPMorgan Chase & Co (JPM)
See JPM's official
website
here.
See the Yahoo!
Finance profile for
JPM
here.
2nd segment picks
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC: There's
no word in the English
language that captures the
ruthless brilliance of
what Jamie Dimond, the CEO
of
JPMorgan Chase & Co (JPM),
accomplished this weekend,
when he compelled the
Federal Reserve and Bear Stearns (BSC)
to agree to sell itself
for a mere $2 a share...
or $246 million... and, at
the same time,
strong-armed a panicked
Fed into shouldering as
much as $30 billion worth
of BSC's potential losses,
making the deal - as far
as I believe - practically
risk-free for JPM
shareholders...
You could say Dimond just
took advantage of a fire
sale at BSC... You
could call it a
takeunder... as
BSC was worth $3.5 billion
smackers on Friday...
There's no denying it was
a steal... but mere
words will never do Jamie
Dimond justice... so
I'm giving him an award...
a brand-new one!
It's the Henry Potter
Prize for merciless,
take-no-prisoners (but
lots of profits)
banking!...
Don't remember Potter?
He's the villain in "It's
a Wonderful Life"...
. . . .
.
If you look at where JPM
closed on Friday, at
$36.54, and where it's
trading now, at $42.71,
the 6-point gain in share
price represents an $18
billion windfall...
That's what the market is
saying Bear is worth to
JPM... Dimond
engineered a deal where
his company is supposed to
pay less than $250
million...
. . . .
.
When Dimond made his
offer, the Fed had no
choice but to approve all
the terms of the deal, or
watch the markets plunge
on Monday...
I cannot stress enough how
good this is for JPM...
BSC is not just a toxic
pit of mortgage-backed
paper! It actually
some good (business)
segments... JPM gets
to add BSC's big prime
brokerage... That's a big
percentage of the business
- and its clearing
business... two areas
where it wanted to
expand... not to
mention BSC's commodity
and energy trading
business... its
asset management
business... those
distressed mortgage
operations...
JPM gets to beat their
numbers quarter after
quarter after quarter...
if this acquisition proves
to be more profitable than
expected... I bet
JPM joins
Hudson City Bancorp (HCBK)
on the 52-week-high
list...
Then there's the
building... Hey,
JPM's been looking for a
new headquarters... As
part of the deal, they're
getting that 383 Madison
Avenue place... the
lease... option to
buy the building, even if
BSC's board wants to sell
it to someone else...
Dimond's so good, he
managed to finagle a new
headquarters out of this
too... unbelievable.
. . . .
.
The Bottom Line!:
Jamie Dimon is the new
Henry Potter...
(referencing the movie,
"It's a Wonderful Life")... Bear Stearns (BSC)
is Bailey Building and
Loan, without George
Bailey. Hey, it's
Potter Town now!...
Dimon masterminded a deal
that's amazing for
JPMorgan Chase & Co (JPM),
and makes me want to say,
buy, buy, buy!...
. . . .
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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JPM |
42.71 |
43.26 |
JPMorgan Chase & Co (JPM)
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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Final Segment
2 Title: |
'Mad Mail'... |
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. . . .
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Featured
Stock(s): |
See comments below... |
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
. . . .
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
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SBUX |
18.24 |
18.25 |
Mad Mail
Starbucks Corp.
(SBUX)
Q:
In this bear
market, I would
love to know
which
"addictive"
company to
invest my
dollars in...
Starbucks Corp.
(SBUX)
or Hershey
Co. (HSY)...
Both look to be
bottoming out,
but then
again... I'm a
first-time
investor.
Help!
JJC:
I believe in
Howard Schultz
turning around
SBUX, but I have
said that it's
an 18-month
turn... so
you've got to be
very, very
patient.
HSY? I
still don't see
a bottom in
that.
Maybe it doesn't
go anywhere at
all.
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HSY |
36.40 |
36.50 |
Mad Mail
Hershey Co.
(HSY)
See SBUX
comments above
for:
HSY
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[
end of final segment ]
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Go to the SUDDEN:DEATH
SEGMENT from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
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Symbol keys: |
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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
portfolio
of stocks
here >> |
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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. |
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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. |
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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. |
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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. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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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... |
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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. |
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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). |
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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. |
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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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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...
StockHomework101.com
This site is coming soon.
Thank you. |
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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.
Fast Money Recap - Trades
for next day...
Compare these picks to Jim's
comments for the same
stocks. |
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© 2005-2007 MadMoneyRecap.com ■
Important disclaimer: This site is
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interpreted by us as accurately as
possible. Some comments have been
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and extraneous material omitted. Please rely on watching
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cannot be guaranteed. Please
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