Wednesday, 01/16/08
Posted 01/16/08,  9:41 am

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 01/16/08

  Dow Jones: 12,466     - 34
  NASDAQ:   2,394     - 23
  S&P 500:   1,373       - 7
 
 
 
     

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)

CFC

5.94

6.05

Countrywide Financial Corp. (CFC)

CFC -  Okay... There really is nothing left to CFC...  You're getting Bank of America (BAC) the preferred, the one that I wanted.  Look, it's over, it's over.  It's like E*TRADE (ETFC)... It's over.  Sell, sell, sell!... There's nothing there man.

GIGM

15.91

15.86

GigaMedia Ltd. (GIGM)

GIGM -  You know, this is one... I got this stock wrong once... I misinterpreted where their main business was... because they were getting rid of a business... Here's the problem... People don't want that kind of stock in this environment.  If you're patient, I would stick with it, but you're going to need infinite patience in order for that stock to pay off.

 

TBI

12.15

12.09

TrueBlue, Inc. (TBI)

TBI -  Let me see... I think this is one... this is a Mohammed Ali stock... TBI can run, but it cannot hide.  That's the old LaborReady... That is one of those companies that is a temporary services company.  We've got too many people looking for jobs in this country that we need a temporary services company... I say ix-nay (i.e., no) on either LaborReady or TBI...

JAKK

21.87

21.99

JAKKS Pacific Inc. (JAKK)

JAKK -  No (don't sell), that's my toy company that I like.  I'm not even telling you to sell or hold it... I think you should actually buy it... buy, buy, buy... It's really dirt cheap.  At $21, I like it.

Price target to buy:  $21.00

FO

67.63

67.86

Fortune Brands Inc. (FO)

FO -  This stock was at a 52-week low today.  It's got liquor, it's got cabinets, it's got Titleist Golf... I always thought the liquor would offset the cabinets... It clearly isn't anymore... I need to hear from the company... Let's call the company... and find out why it's at its 52-week low.  Don't buy, don't buy... Master Lock... There are some good businesses in there... That stock may be too low, but let's not pull the trigger yet.

TGB

4.40

4.45

Taseko Mines Ltd. (TGB)

TGB -  I've got enough problems with all the other copper stocks!  I can't layer that one on.   We've got to wait until Ben (Bernanke, Fed Chairman) starts pulling the trigger (i.e., making rate cuts), because no one's going to buy a copper stock until we really start reflating... (buzzer sounds)... In a recession, that's the toughest single group to own, and now people say we're going into recession, so it's a very difficult stock...  I like the idea of speculating on a $4 stock, but it's too hard right now.

ORCL

21.91

21.95

Oracle Corp. (ORCL)

ORCL -  ORCL competes directly with BEA Systems (BEAS) on what's known as middleware.  It's a very important bit of business that ORCL needs to have a full suite of software to compete against SAP (SAP)...  This was brilliant.  They took out their biggest competitor... They can now go... I hate to be so blunt, but they can now fire all the sales people from BEAS, run that property right through their sales people and take over the world.  Larry Ellison (CEO of ORCL) is one smart guy.  Yes, he sold a million shares of ORCL, but he does that time to time...  I think it was a shrewd purchase.  The stock went up.  I like ORCL.  I'm giving it a thumb up.

SBS

45.68

46.44

Companhia de Saneamento Basico (SBS)

SBS -  You know, I like Brazil.  This is the Brazilian water company, basically... I'm going to endorse that.  I've got to tell you... that stock was down too... Brazil's very hot.  I like Brazil.  Let's take a shot here.  Let's start buying that one.  Buy it on a scale down... the market's not too great, but I do think Brazil's better than the United States... I think SBS is a buy.

 

       
         

[ end of lightning round ]

 

   
 

Go to the CLOSING SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>


Netflix, Inc.


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.

 
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Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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