See HOV's official
investor relations' site
here.
See the Yahoo!
Finance profile for
HOV
here.
After this segment, you
can see Jim's
Sudden:Death picks
here...
. . . .
.
Jim: We've come to
like the homebuilders on this
show... We think they're
stocks bottomed a while ago...
July 15th... and we predict a
bottom in housing prices in 9
months...
But last night, I went over
these
Hovnanian (HOV)
earnings. Oh man... those
earnings were bad and they gave
the stock a 17% haircut.
And, after that horror show, HOV
is going straight to the Sell
Block... do not pass go...
no... nothing.
And there's no appealing this
decision.
Toll Brothers (TOL)
reported today, and its stock
didn't sink like the
Lusitania... It did just fine.
As a matter of fact, it closed
up 27 cents on the day...
There are good ways and bad ways
to play this housing bottom and,
right now, I am telling you that
I think HOV is the worst way...
Even after today's decline, the
stock's still up 45% from its
July 15th low. I told you
those lows are very
meaningful... I think the
HOV run is just over...
. . . .
.
The Bottom Line!:
We believe in the homebuilders,
sure... just not in
Hovnanian (HOV),
which is why we're locking it up in the
Sell Block, where it can't do your
portfolio any damage.
■
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Final Segment 2
Final Segment
2
Title:
'CFO
Interview'
. . . .
.
Featured
Stock(s):
Interview with Howard Atkins,
CFO Wells Fargo (WFC)
See WFC's official
investor relations' site
here.
See the Yahoo!
Finance profile for
WFC
here.
After this segment, you
can see Jim's
Sudden:Death picks
here...
. . . .
.
Jim's comments BEFORE the
interview:
Earlier today on my friend, Erin
Burnett's Street Signs program
(on CNBC), we had a great
conversation with Bill Gross, my
favorite bond manager in the
world... He should be your
too because he's the
best-performing... He's
from Pimco. He wrote a
very nice piece... his monthly
commentary, where he mentioned
our show and talked about how
there really aren't any bull
markets. But, in the
conversation we had with Bill,
he mentioned the fact that there
was a piece of paper... that's a
Wall Street term for "there was
a bond deal"... a
preferred deal... for
Wells Fargo (WFC),
which is another one of our
favorite institutions. You
know we've been recommending
that... And he turned the
piece of paper down. He
didn't want to be involved in
it. He said it was being
marketed to retail investors,
because there was no
institutional demand.
It was a $1.5 billion piece of
bank capital from WFC.
First of all, I just want to
tell you... I feel terrible to
ever get in between on this,
because I love Bill so much, but
I love WFC too...
So I felt that, if there's a
clarification needed here on
what happened with that piece of
paper, we ought to reach out to
WFC. They reached out to
us...
I'm thrilled to have Howard
Atkins... He's the Senior
Executive Vice President and CFO
of
Wells Fargo (WFC).
I think he can help explain this
misunderstanding.
Mr. Atkins, welcome to Mad
Money...
. . . .
.
Jim's comments AFTER the interview:
Now I just want to tell you that I
have been recommending these preferreds,
okay... It was a tough time
earlier in the year, but this is a
great... it's for institutions.
And, please, my apologies to Bill, if he
thought that I was getting in the way of
this thing... but Bill at Pimco...
these are fabulous institutions.
We want to get everything straight on
Mad Money... I hope that helped
clarify some of the things that were
said earlier...
. . . .
.
■
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)
Go to the SUDDEN:DEATH
SEGMENT from
tonight's showhere >>
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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:
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.
