Wednesday, 06/18/08
Posted 06/18/08,  11:41 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 06/18/08

  Dow Jones: 12,029   - 131
  NASDAQ:   2,429    - 28
  S&P 500:   1,337    - 13
 
 
 
 
 
Final Segment 1
 
 
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

 

 

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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'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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Final Segment 2
 
Final Segment 2 Title: 'Mad Mail'...

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Featured Stock(s): See comments below...
 
After this segment, you can see Jim's Sudden:Death picks here...

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Stock Snapshots - Includes all stocks mentioned above

 

 

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

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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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.


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.

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.

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.


 

 

[ end of final segment ]

   
 

Go to the SUDDEN:DEATH SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>


Netflix, Inc.


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 portfolio
of stocks here >>

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:

jim-cramer-charitable-trust-stocks.com

 
See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

 
  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.

 
  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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