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  Tuesday, 01/08/08
 Posted 01/08/08,  11:18 pm

(Scroll down to see Jim's comments below)
 
 
Today's date:  Tuesday, 01/08/08
  Dow Jones: 12,589   - 238
  NASDAQ:   2,440     - 58
  S&P 500:   1,390     - 25
 
 
 
     

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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)

BIIB

55.97

56.22

Biogen Idec Inc. (BIIB)

BIIB -  What has happened is... although we did see a little movement in Amgen (AMGN) today and Cephalon (CEPH)... what's happened is that people have gravitated more again toward true safety.  They want conservative growth.  They want Bristol-Myers (BMY)... They want to buy Schering-Plough (SGP*), which I've been buying for my charitable trust...  They want Wyeth (WYE), they want Merck (MRK)... they want name brands. They've been moving away from any sort of risk, and that's why you've been hurt, but BIIB, itself, is actually doing pretty well, and they weren't trying to sell themselves when they couldn't.  

BMY

26.64

27.33

Bristol-Myers Squibb Co. (BMY)

See BIIB comments above for:
BMY

SGP*

26.85

27.21

Schering-Plough (SGP*)

See BIIB comments above for:
SGP*

WYE

47.47

47.40

Wyeth Pharmaceuticals (WYE)

See BIIB comments above for:
WYE

MRK

59.66

59.70

Merck & Co. Inc. (MRK)

See BIIB comments above for:
MRK

VMW

74.50

76.44

VMware, Inc. (VMW)

VMW -  I would rather have you buy EMC (EMC*)... This is the same thing I did with SunPower (SPWR) and Cypress Semi (CY)...  CY owned a big position in SPWR.  The stock went up.  They both went up with it.  I've been buying EMC*... I bought some yesterday for my charitable trust.  I feel very strongly that EMC* is a cheaper way to create VMW and you get the rest of the business.  Goldman Sachs, I think, ridiculously downgraded it today, after the stock was down 10 straight points.  That makes no sense.  I'm a buyer of EMC*.

EMC*

16.03

16.10

EMC Corporation (EMC*)

See VMW comments above for:
EMC*

ICE

165.10

163.87

InterContinental Exchange, Inc. (ICE)

ICE -  I think it will (maintain stability over the long term, as the caller asked)... Look, this is another one of those situations which is very tough for me... I recommend it at $164.  Then it goes up 30 points.  Where is it today?  $165.  I round-tripped ICE.  But nothing happened at the business.  The business is strong.  The market got tough.  I reiterate that I like ICE.  When we get through this period, that stock is going to scream right back...  So ICE, I reiterate buy.

FWLT

143.49

142.04

Foster Wheeler, Ltd. (FWLT)

FWLT -  You've got a $140 stock.  This stock could be down 20 points in a heartbeat, and it could be up 20 points in a heartbeat.  There's nothing going on at FWLT.  They're just putting out the contracts and putting out the contracts. Milkovich, the CEO... everything that he said came true... Milkovich is money good... I happen to think that FWLT is down too much, but this is a very volatile market, and a $140 stock could be down $10 on one big seller.  I think it's a buy.  I'm not going away, just because the market's going away.

SIRI

2.98

2.98

Sirius Satellite Radio Inc. (SIRI)

SIRI -  I recommended it here, at $2.75, then it spikes all the way to around $3 and change.  Then we get cold feet.  Why?...  Because they've held more hearings with this merger with XM (XMSR) than they have about Iraq!  I mean, it's really ridiculous the exposure this thing's gotten.  The National Association of Radio people and broadcasters say that they just don't want this deal to happen.  I believe it will.  But you're in the right one.  You're in SIRI.  The stock does nothing until the merger... nothing.  So hold onto it.  It's a nice lottery ticket.

XMSR

11.45

11.40

XM Satellite Radio Holdings Inc. (XMSR)

See SIRI comments above for:
XMSR

ETFC

2.25

2.60

E*TRADE Financial Corporation (ETFC)

ETFC -  ETFC is not coming back, okay?... ETFC has one of the most toxic portfolios I've ever seen...  I see Mitch Kaplan (CEO), who wouldn't come on my show, and went on another show... I see he got $10 million, so I ain't crying for him... I'm not pulling no Hillary... Now, here's the deal... I think that ETFC has got a portfolio of home equity loans and mortgages that is probably the worst there is of any public company, and I think that you should take the $2 bucks and go buy yourself... (buzzer sounds)... 

DECK

132.26

131.68

Deckers Outdoor Corp. (DECK)

DECK -  All right... I'm going to say the same thing about DECK that I said about Foster Wheeler (FWLT)...  It is doing well.  It's a $120-140 stock.  This market is not tolerating those...  People are using those stocks to raise cash.  They're selling them because they are a high dollar amount.  DECK is not cheap, but it has momentum.  Let it come in if you want to buy some... or take a little profit, and buy it lower.  This is a rough group, the plus-$100 stocks... when we have a market like this.

C*

27.14

27.15

Citigroup (C*)

C* -  I talk about stocks that I own for my charitable trust, and usually it's pretty good.  This one's been very bad.  This one has taken my head and crushed it.  But, you know what?  I think that Vikram Pandit's (CEO) going to break the company up.  He's got to sell Nikko Cordial.  Maybe he can get $10 billion.  They paid $14 billion.  He's got to undo almost every acquisition and pretty much break up the company, and raise more capital.  I've been saying that it could go to $25 and then bounce.  We're two points from there... If the mortgage insurers go under - which one of them will probably - C* is going to go lower.  The financials are very shaky here.  I don't trust the dividend anymore.  I would probably say, it goes down another couple of points, and then you can buy a little more but, otherwise, C* is just ground zero for the pressure we're feeling right now...  Can I say stick with it?  No... 

Price target to buy:  $25.14

 

      

         

[ end of lightning round ]

 
   
 

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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
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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 >>
   
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