Tuesday, 01/22/08
Posted 01/22/08,  11:33 pm

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 01/22/08

  Dow Jones: 11,971   - 128
  NASDAQ:   2,292     - 47
  S&P 500:   1,310     - 14
 
 
 
     

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)

RIMM

90.08

84.53

Research In Motion (RIMM)

RIMM -  RIMM, I think, is having a dynamite quarter, but you know what?... It's going to be pulled down tomorrow by Apple (AAPL).  I think people are going to say, listen, one very high-growth tech company should be joined at the hip with another high-growth tech company.  I don't believe that.  But AAPL is the umbrella that RIMM trades under, and the umbrella sprung a leak tonight.  Let's wait until RIMM goes down 5-6 points, before we possibly reload in the name.

AAPL

155.64

136.18

Apple Inc. (AAPL)

See RIMM comments above for:
AAPL

FCX*

81.52

75.95

Freeport-McMoRan (FCX*)

FCX* -  FCX* is a very difficult stock to get a handle on right here, because obviously, if there's a worldwide slowdown, then no one wants to own a copper company with a tinge of gold...  I think that FCX* is very inexpensive.  I don't see a worldwide recession... just a slowdown.  I've been telling people who subscribe... to my charitable trust... that I think the stock can trade into the $70s...  It hit there a little bit today, bounced, and then came back down...  I think it is still too high to pull the trigger and buy any more.

DO

112.78

109.48

Diamond Offshore Drilling Inc. (DO)

DO -  No... I would love to say yes to that, but the CEO of Schlumberger (SLB) basically said that that business, right now, is in a transition year.  Look, I like offshore, but they do a lot of shallow offshore...  The only deep-water offshore... The only offshore play that I really like right now is Transocean (RIG*), but that's going down too... I urge people, do the homework, do the homework... What's the homework?... Go to the Schlumberger site.  Listen to the conference call that they gave last week.  It was very downbeat.  That stock has come down from $110 and change to the $70s.  I can't get aggressive if the CEO of SLB - the best company in the industry - is not being aggressive.  The time will come again when we can reload in that stock, but right now is not the time.  DO is very well run but, until SLB... until we see more, better numbers, and higher oil prices it, at best, marks time.

SLB

77.09

74.98

Schlumberger Limited (SLB)

See DO comments above for:
SLB

RIG*

124.16

120.50

Transocean Inc. (RIG*)

See DO comments above for:
RIG*

 

SFLY

19.42

18.95

Shutterfly, Inc. (SFLY)

SFLY -  Just way too risky... just way too risky.  In this environment...  Look, I was looking at Yahoo! (YHOO*) today... YHOO* under $20 bucks... YHOO* has great page views.  It is doing not as well as we'd like, right?  But it has a lot of cash... it has a big holding in China... and I can't get excited about that company on a takeover basis... I don't know how I can get excited about SFLY... Look, someone asked me on the floor of the New York Stock Exchange, how about Google (GOOG)?...  And I said, there will come a day again where GOOG is fine but, right now, they're slaughtering everything that is high multiple... First Solar (FSLR) is the same... everything that's expensive... and we have to wait until it cleanses through the system, and we start over again, basically... which could be a long time... and SFLY is just too... it's just not mainstream to be able to make it right now... not when the cohort is so bad.

YHOO*

19.92

19.20

Yahoo! Inc. (YHOO*)

See SFLY comments above for:
YHOO*

JCG

39.99

39.98

J. Crew Group, Inc. (JCG)

JCG -  You know, I was shocked... I saw JCG down so low today, and I think it's got a great business model... it doesn't have too much inventory...  The stock is 6 points off its low, and 18 points from its high.  Let's pull the trigger.  Let's buy some JCG right here.  I think that one's right.  I looked at Guess? (GES) and I looked at JCG.  I think that JCG is next...

BHP

57.82

55.25

BHP Billiton Ltd. (BHP)

BHP -  We don't need a Rio Tinto (RTP)/BHP tie-up...  We like these companies for themselves.  This stock has been going down, in part, because people think that China is going into a recession.  I recommended two others tonight... I have said that CVRD (RIO), the Brazilian... I like that and I like Freeport-McMoRan (FCX*).  I like them both more than BHP and RTP...  Literally, right now, I'd buy RIO tomorrow, okay.  I'd buy FCX* if it came down a little, and I want to stay clear from BHP, even though it's come down a lot, because I think it's just not cheap enough, versus the other two, which can be taken over.

RTP

331.31

318.85

Rio Tinto plc (RTP)

See BHP comments above for:
RTP

RIO

26.85

25.64

CVRD (RIO)

See BHP comments above for:
RIO

LPNT

26.76

26.16

Lifepoint Hospitals Inc. (LPNT)

LPNT -  You know, I was looking at LPNT and, you know, I like the Tenet Healthcare (THC), which is, I think, much dicier than that... (buzzer sounds)...  You know what I'm going to do?... I'm not going to cuff it... I'm going to have to come back on LPNT... proving that, even when I have a live audience, that I don't...  You know why?...  Because I want to look at the balance sheet.   I've been doing a lot of work on that industry, and I've been trying to figure out whether... how recession-proof the industry really is, given the fact that we have reimbursement problems in the chain, so I've got to come back on LPNT... 

 

       

BIDU

273.27

266.12

Baidu.com (BIDU)

BIDU -  Remember, if you got into it a year ago, it's great... Now... We've been talking about some very high-risk situations... I would tell you that China has come down enough that I would be tempted to buy a little BIDU...  I have not said to buy back any China yet, but I looked at what happened today... Now, I'm afraid BIDU will be up really big tomorrow morning...  If it is up, then you can't touch it.  But, if it is down, I think we buy a little BIDU... I think we get back in... I like Focus Media (FMCN)... I like China Tel (CHA)... but not as much.  There's some rules changing in China... I like Petro China (PTR), but not as much... I like BIDU.  I think that BIDU is good... 

FMCN

45.99

45.47

Focus Media (FMCN)

See BIDU comments above for:
FMCN

CHA

74.30

73.35

China Tel (CHA)

See BIDU comments above for:
CHA

PTR

140.70

140.74

Petro China (PTR)

See BIDU comments above for:
PTR

 

       
         

[ 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 >>


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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
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

 
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StockHomework101.com

This site is coming soon.   Thank you.

 
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