Wednesday, 01/02/08
Posted 01/02/08,  11:36 pm

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 01/02/08

  Dow Jones: 13,043    -220
  NASDAQ:   2,609     - 42
  S&P 500:   1,447     - 21
 
 
 
     

Stock Snapshots - Includes all stocks from callers' questions

     

 

 



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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)

ATI

84.25

84.36

Allegheny Technologies Inc. (ATI)

ATI -  That was the 2006 stock of the year... it was the best-performing stock of the S&P 500, but then we said, listen, we're done with it... sell, sell, sell!  We didn't want to be greedy.  I don't like ATI here.  I think there's going to be a lot of competition coming in.  The Russians are going to start shipping a lot of titanium.  I say ATI... be careful.

TOC

40.35

40.13

Thomson Corp. (TOC)

TOC -  Here's the deal... TOC... I don't like, frankly, that part of the business anymore, which is the business behind the scenes, providing data and things like that.  Now, that said, I happen to like TOC as a product... I like Reuters (RTRSY) as a product... but you know there's this other guy who bought another network, who went and bought another paper... and he's got a lot of stuff and he's got a lot of data and, because I'm a gentleman, I'm not going to mention [Rupert] Murdoch or Fox [News].  That's the competition and I'm nervous about it, all right?  I'm more nervous about it for them, than I am the mothership...

RTRSY

75.35

74.78

Reuters Group Plc (RTRSY)

See TOC comments above for:
RTRSY

NWS

20.70

20.60

NEWS CORP (NWS)

See TOC comments above for:
NWS

RTN*

60.00

60.10

Raytheon Co. (RTN*)

RTN* -  You know I am just shocked.  I have to tell people I have a charitable trust... I have said, if this stock goes below $60, I have to pull the trigger and buy some.  RTN* is the cheapest defense stock there is... the cheapest!  And I want to be a buyer of RTN*.  I think it's great.  I think defense is great.  There isn't a single democrat who doesn't want to out-spend the republicans on defense, so I'm liking that too.

C*

28.92

29.22

Citigroup (C*)

C* -  All right, here's the deal...  I think Vikram Pandit [CEO]... I have faith in Vikram...  I think that he will undo virtually everything that Chuck Prince... that he did to that company.  He can sell Nikko Cordial for even half the price he paid... undo the last five acquisitions, which would unfortunately include the hedge fund that Vikram worked at...  And I think, if he would just, just say point blank that we are going to sell enough to pay for the dividend, you've got $3 down [i.e., downside risk] and $10 up [i.e., upside potential]... But!  The $3 down?... They're happening first.

SNDK

33.17

33.41

SanDisk Corp. (SNDK)

SNDK -  Too hard!  Too hard!  SNDK is a commodity.  When you go and you buy a digital camera, it's got SNDK in it.  There are too many companies that want to shoot up against SNDK, including Western Digital Corp. (WDC), which is shooting against them... I don't want to be there.  They're too crowded.  We want to be proprietary, not commodity.  I say - sell, sell, sell! - SNDK!

EVVV

12.38

12.43

ev3, Inc. (EVVV)

EVVV -  You know, I liked it initially.  We took a little profit in it.  The problem is that why should we go - in a medical device company - there, when I've been recommending St. Jude (STJ*), at $40, which got knocked down with Medtronic Inc. (MDT), and shouldn't... And, by the way, how about the three B's?... How about the Bard (BCR)... How about the Becton Dickinson (BDX)... and how about the Baxter (BAX)... But no, I think that EVVV is too, too difficult...

 

       

STJ*

40.29

40.50

St. Jude Medical Inc. (STJ*)

See EVVV comments above for:
STJ*

BCR

92.33

92.39

CR Bard Inc. (BCR)

See EVVV comments above for:
BCR

BDX

86.78

87.02

Becton Dickinson & Co. (BDX)

See EVVV comments above for:
BDX

BAX

57.79

58.11

Baxter International Inc. (BAX)

See EVVV comments above for:
BAX

STD

21.35

21.22

Banco Santander SA (STD)

STD -  I like STD... Here's the problem with STD... The Spanish housing market has overheated... the European housing market has overheated...  This company is so well-run that I think it will do great.  I want to stick with STD, but the upside may be capped, because Spain has a very similar housing situation developing to ours... and that worries me.  STD is probably going to flatline, because of our Fed...

PBI

37.72

37.82

Pitney Bowes Inc. (PBI)

PBI -  Boy, I've got to tell you... That last quarter was so noxious that I hesitate to swim in that Love Canal, so to speak... So, I've got to tell you, I need to see not one, but two, good quarters before I pull the trigger on PBI.  I'll tell you, that was one mystifying quarter.  I have to say, I was kind of blown away by it.

ONXX

55.74

56.00

Onyx Pharmaceuticals Inc. (ONXX)

ONXX -  ONXX, I've got to tell you, is just a fantastic stock.  What they've got going for it is that kidney cancer... I don't want to call them a cure, because that gives you too much expectation... but something that really works for kidney cancer... something that works for liver cancer...  At $55, I still think it would be right for the Germans to buy up the rest.  I have to tell you... I think that ONXX could still double from here!... without the darn Fed!...

Price target:  $110.00

WFC

29.10

29.25