After this segment, you
can see Jim's
Sudden:Death picks
here...
Jim:
What stock am I most
worried about in the Dow
Jones average?... Now
that the GM bailout has
been announced, and AIG
is out... no question...
American Express (AXP)...
This stock is going
straight to the Sell
Block, with no appeal...
This is a bad time to be
a credit card issuer.
U.S. weekly job claims
in this country are the
highest they've been in
seven years. I know kids
are getting like 5-6
cards with no
interest... I mean, they
do anything to get
accounts... But
bankruptcy filings are
up 32% year over year,
home prices are still
falling, credit card
chargeoffs expected to
increase by 29% in
2009...
But AXP, long my
favorite
pseudo-financial,
because all they had
were fees, has become
like the worst name in
credit cards right
now...
. . . .
.
The Bottom Line!:
We've seen that financials without
deposit bases don't have a lot of room
to screw up. And
American Express (AXP)
- once one of the greatest franchises
out there - has done that. That's why
I'm worried about it. That's why, if you
catch a rally, you've got to sell AXP.
It hurts to say that. This was a
once-great company that could be great
again, but it really has lost its way.
■
Stock Snapshots - Includes
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Final Segment 2
See complete
recommendation comments
below...
Final Segment
1 Title:
'Mad Mail'...
. . . .
.
Featured
Stock(s):
See comments below...
After this segment, you
can see Jim's
Sudden:Death picks
here...
. . . .
.
■
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)
na
na
na
Mad Mail
General
Comments about
China's decline...
Q:
You have
metioned
numerous times
in the last
month that
China, having
consumed so many
resources for so
long, has
disappeared off
the map. Is
there a rational
explanation for
this pullback in
consumption? I
have not heard
anyone discuss
any reason for
the pullback or
provide any
relative
analysis. Thanks
for all you
do!...
JJC:
Look, here's the
problem with
China... The
Baltic Freight
Index, which is
what I monitor,
goes down every
single day, and
the problem is
that everyone...
it looks like a
lot of the
buildup was for
the Olympics,
and then they
just finished.
And now China is
just like
totally mum...
we don't know a
thing about
what's going on
there, but we
know they're not
ordering, and we
saw great stocks
like
CVRD (RIO),
down $15
today... all the
mineral buying,
all the oil
buying... but
you're
absolutely
right... There
has been no
logical
explanation that
we've heard.
Q:
First, I would
like to add my
name to the long
list of people
who thank you
for your advice.
I know you have
a team so thanks
to them too! I
am still holding
PFE. I've sold
some even at
these low prices
because I wanted
to get some cash
out of the
market but do
you think Wall
Street will come
back to PFE? I
used to work in
consumer health
so I am
emotionally
attached to the
sector.
JJC:
Never be
emotional...
these are pieces
of paper! You're
emotionally
attached to a
piece of paper?
Well, you know
what? I've got
to call Dr.
Phil... I
believe that, in
the end, PFE
will be just
like a bond and,
if you want to
own a bond, then
I think you
ought to just go
on a Treasury...
[
end of final segment ]
Go to the SUDDEN:DEATH
SEGMENT from
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Symbol keys:
A Charitable Trust stock.
- An asterisk next to a
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Jim mentioned it is a stock
that he manages within
his
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Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
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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.
