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Wednesday, 06/18/08
Posted 06/18/08, 11:41
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 06/18/08 |
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Dow Jones: |
12,029 |
- 131 |
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NASDAQ: |
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2,429 |
- 28 |
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S&P 500: |
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1,337 |
- 13 |
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Final Segment
1 Title: |
'Am I
Diversified'... |
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Featured
Stock(s): |
No new stock
picks... |
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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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na |
na |
na |
'Am I
Diversified'
Segment...
In this segment,
Jim takes calls
from viewers to
critique their
top five
holdings, to
indicate whether
they are,
together,
relatively
diversified as a
standalone
portfolio.
. . . .
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No fresh stock
picks.
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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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na |
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Mad Mail
General
Question - No
specific stock
Q:
I enjoyed
the segment
on the "Ax
Effect."
It gave me some
good insight to
the cause of the
increase in
RIMM. While I
found that
everything you
said made sense,
my question is,
where do you
find who the Ax
analyst of a
given company
is? How can you
tell who the
Street is going
to follow?
JJC:
Some things in
life are
literally
experienced. I
know I never
like to play
this experience
card on this
show, because it
says to me, and
to you, that you
can't play this
game at home.
I'll tell you
who the Axes
are, because I
have followed
these industries
for years, and I
knew that Rob
Sanderson had a
great call.
Cheryl Scholnick
is the Ax in the
health
maintenance
organizations
companies...
like Coventry
Health Care Inc.
(CVH), like
Unitedhealth Group, Inc.
(UNH),
which she told
us to get out
of, literally 25
points ago. Each
industry has an
Ax. I will try
to reveal them
as we go along.
By the way, the
oil industry Ax
is the
Goldman Sachs (GS*) analyst.
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na |
na |
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Mad Mail
General
Question - No
specific stock
Q:
You've mentioned
in previous
shows that the
current mortgage
crisis is a
greater concern
over inflation.
In my research,
I discovered
that residential
mortgages only
account for less
than 5% of the
GDP and consumer
spending
accounts for
70%. Therefore,
isn't inflation
the greater risk
since 70% of the
GDP is driven by
consumer
spending?
JJC:
I can
show you
extensive
studies that
show you that
the worth of
your house is
the single-most
psychological
part of consumer
spending. If the
worth of your
house is going
down, you're
going to spend
less, so I say,
it's 70% of your
analysis depends
on housing,
which depends on
the price of
what's going on
with house price
depreciation.
And so I think
you need to
worry about that
more than you
need to worry
about inflation.
It's a
deflationary
event when your
house goes down.
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BEZ |
38.29 |
38.59 |
Mad Mail
Baldor
Electric Co.
(BEZ)
Q:
Not only does
BEZ make a very
efficient motor,
but is is also
the BEST
electric motor
out there. As a
steel
fabricator, I
have used BEZ's
motors for years
in all of my
equipment and
won't use
anything else!
They are very
durable and last
for years!
JJC:
May I tell you
that we heard
from BEZ today.
I'm hoping to
get McFarland
on... the CEO.
And they were
quite surprised
to learn things
about their own
company, in
the segment that
we did on BEZ,
which is a "new
tech" company.
I'm glad that we
brought to light
many different
things that no
one knew about
BEZ. I
re-recommend BEZ
right here.
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LGCY |
23.25 |
23.99 |
Mad Mail
Legacy
Reserves Lp
(LGCY)
Q:
You have
recommended
Permian Basin Royalty Trust
(PBT)
and
Linn Energy, LLC (LINE) as good
Master Limited
Partnerships.
They pay a good
dividend but
have very little
chance of
growth, because
they are not
totally
committed to
drilling new
wells. I believe
that LGCY is a
much better
choice for a
high dividend
MLP in the oil
and gas sector.
They are
aggressively
acquiring
properties and
committed to
drilling and
increasing
production. They
are currently
yielding 8.29%.
JJC:
Why did I read
Trey's note?...
Because we can
learn from Trey.
We learn from
our viewers
every night.
Those who don't
like the show
don't like our
viewers. I learn
from our
viewers. I think
Trey may have a
point, and I
urge you to look
at LGCY. I am
full boat
already in these
Master Limited
Partnerships. I
hesitate to
recommend
another name. In
the same way
that I don't
recommend other
fertilizer
names, other
than IPI.
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COST |
68.96 |
68.71 |
Mad Mail
Costco (COST)
Q:
I'm
not that keen on
the idea of
ethanol being
even partially
our savior for
energy
independence. I
was disappointed
to see a sticker
on the gas pumps
at COST
indicating that
their regular
gasoline would
now be 10%
ethanol.
Personally, I am
seriously
considering
avoiding COST,
or any company
adding ethanol
for gasoline. Do
you think COST's
decision will
have an impact
on its earnings?
JJC:
No, I absolutely
do not. And, by
the way, that's
the American
way, dictated by
our President,
right on down.
There's nothing
we can do about
it. They want an
ethanol blend.
Now, let me just
tell you how I
feel about
ethanol... 3% of
America's
gasoline is made
by it, but it's
devouring 30% of
our corn crop.
It's making you
poor, just in
time for your
July 4th
barbecue, and
making no one
happy at the
pump.
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[
end of final segment ]
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Go to the SUDDEN:DEATH
SEGMENT from
tonight's show
here >>
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