See Jim's
1:30pm valuable
Comments from
today's
"At The Half"
1:30pm show
here...
 
 
 
 

 

  Wednesday, 08/13/08
Posted 08/14/08,  10:43 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 08/13/08

  Dow Jones: 11,532   - 109
  NASDAQ:   2,428   -    2
  S&P 500:   1,285   -    3
 
 
 
 
 
Final Segment 1
 
 

Final Segment 1 Title:

'Space Invader'

.  .  .  .  .

Featured Stock(s):

Orbital Sciences Corp. (ORB)

See ORB's official investor relations' site here.
See the Yahoo! Finance profile for ORB here.

See Final Segment 2, below...

 
After this segment, you can see Jim's Sudden:Death picks here...

.  .  .  .  .


JJC:    How do you buy the stock of a great company, after it's reported a monumental earnings blowout, and just gone so high?...

That's the question I'm answering for you this week, in order to try and help you make money off the companies that reported the biggest beats during earnings season, because that means that they will likely outperform the rest of the market.

Let's go over what I've given you so far this week...

Jones Apparel (JNY)...
[See complete comments from that recommendation for JNY here...]

Tyco International Ltd. (TYC)...
[See complete comments from that recommendation for TYC here...]

...both of which put the Street's estimates to shame when they reported. They were both stocks that, when they reported, I said I can't believe how well those companies are doing.

But I also told you that you couldn't buy the stocks... at least not until they come down... to what I see is the right price.

You see, there are so many sloppy hedge funds out there, in search of good ideas, that they send the prices of these stocks way too high... We have to wait for weakness, like the weakness we got today when these same funds panicked and sold.

Now if you're going to actually make money off our good ideas, you've got to be watching intraday. I know that's a problem for those of you who are busy doing some other jobs, so maybe you put in some orders (i.e., watch alerts) that signal that the stocks have come
in.

Why this way?...

Because you can't wait for me to flag it. It's going to happen intraday (i.e., the stock price may come down intraday to the point at which you would buy it)... that's how whippy this market is.

So this is a shopping list series...

On Monday, I said put JNY on the list, but it was at $18.74. I told you to wait until it was at $17. It's at $18.08. It's getting there. Just keep your bat on your shoulder until it comes down a bit further and you get that perfect pitch. Only then do you swing.

Today, we're adding a new name...

Orbital Sciences Corp. (ORB)...

We're adding ORB to the shopping list...

This is defensive, aerospace stock that even Mr. anti-defense, Barack Obama, can love...

The company sells rockets and space systems in satellite vehicles to the commercial and government military markets... It gets 38% of its revenues from launch vehicles. 37% from satellites... 25% from advanced space systems... where they're working on the Orion
program, the successor to the Space Shuttle...

 

.  .  .  .  .

More comments will continue here...

  Note:   We now quickly post the specific stock recommendation, and Jim's "Bottom Line" for each segment... and then follow-up with the complete recap of his key comments.  Check back today, to read the recap of this segment, in its entirety, along with the complete Mad Money show recommendations and comments... 

.  .  .  .  .

The Bottom Line!:     Orbital Sciences Corp. (ORB) reported one of the biggest beats this earnings season.  It's got what I think is terrific growth for an aerospace and defense company.  It's got a vast horde of cash, and it does the kind of defense that even the dems can love.  Do not pay more than $24!  Keep the bat on your shoulder until you get the right price!  And, if it doesn't come in, then just forget about it!...

 

 

   
 

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)

ORB

26.80

na

Orbital Sciences Corp. (ORB)

Price target to buy:
Under $24.00


 

       

 

 

 



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Final Segment 2
 
Final Segment 2 Title: 'CEO Interview'

Murry Gerber, CEO
Equitable Resources Inc. (EQT)


See EQT's official investor relations' site here.
See the Yahoo! Finance profile for EQT here.

.  .  .  .  .

 
After this segment, you can see Jim's Sudden:Death picks here...

.  .  .  .  .

Jim's comments BEFORE the interview:   With the collapse of natural gas prices, the natural gas stocks have plummeted too.   I think some of them have fallen too far, too fast, and become too cheap to ignore... maybe not on earnings, but on assets...

Take Equitable Resources Inc. (EQT)...  a natural gas producer in Appalachia, with 20 trillion cubic feet of reserve potential that owns 3.3 million acres.  This was a darling six weeks ago.  It has cratered.   EQT also isn't just a producer.  About 40% of its business is "mid-stream," meaning it gathers gas and transmits it throughout pipelines.  Remember Williams Companies, Inc. (WMB)?  That was good too at one time.   Uh, business doesn't really depend on natural gas prices.  It depends on the volume on natural gas.

The stock's down 33% from its peak May 21st, and I think, at these levels, it could be worth buying, along with the rest of the group... 

But I would like a little more confidence, before I call this a buy...

So let's talk to Murry Gerber.  He's the chairman and CEO of EQT.  Mr. Gerber, welcome to Mad Money...

.  .  .  .  .

Jim's comments AFTER the interview:   Guys, look... these stocks got oversold.  You know I believe this is the year of natural gas.  It takes one presidential candidate to get these stocks back to where they were...  But, more importantly, you can wait, because there's no fuel that touches this.  Equitable Resources Inc. (EQT)... just another cheap stock in the patch!

 

 

   
 

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)

EQT

50.31

na

Equitable Resources Inc. (EQT)


 

 

[ 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 >>

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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