Friday, 02/29/08
Posted 03/02/08,  11:47 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 02/29/08

  Dow Jones: 12,266   - 315
  NASDAQ:   2,271     - 60
  S&P 500:   1,330     - 37
 
 
 
 
     

Stock Snapshots - Includes all stocks from callers' questions

     
After this segment, you can see Jim's Closing Segment picks here...

 

 



See all of tonight's stocks' latest quotes on Yahoo! Finance


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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)

ABB

25.04

25.04

ABB Ltd. (ABB)

ABB -  The CEO left under what are so-called mysterious circumstances.  The story is so great that the stock immediately went back up.  I think ABB is a great infrastructure play without the worries that you got from URS Corp. (URS) this week, for instance, that really nose-dived...  It's a lot like Fluor Corporation (FLR)... ABB's a lot like FLR... and I'm not worried that the CEO quit.
 

OCNF

22.03

22.10

Oceanfreight Inc. (OCNF)

OCNF -  I know, you've got that good dividend... the company's making money...  I have been reluctant to recommend these, ever since we had the... again, I'll reference this... We had the Diana Shipping (DSX) CEO on.  He was very bearish... I was bullish.  I felt like that was the end... and I have not been in a mood to buy those stocks, despite those yields... Don't buy, don't buy...
 

RIO

34.84

34.51

CVRD (RIO)

RIO -  You buy that stock!  There are a lot worries that we're having a worldwide slowdown.  This is precisely the kind of stock you buy in this environment.  Why?  Because it's a dominant mineral company, and there is no worldwide slowdown.  There's just the slowdown in the U.S.  By the way, may I recommend - now on this huge pullback - Cleveland-Cliffs (CLF), now down 10 straight points after a monster quarter...
 

CLF

119.46

119.71

Cleveland-Cliffs Inc. (CLF)

See RIO comments above for:
CLF
 

KWK

34.40

34.39

Quicksilver Resources Inc. (KWK)

KWK -  That is the ideal company to buy, as natural gas goes higher!  They've got all these stripper wells that are worth more and more... I think KWK is great...
 

RHD

7.09

6.86

RH Donnelley Corp. (RHD)

RHD -  Sure enough, they just delayed their 10-K... The stock is down... one of the biggest percentage decliners I've ever seen, down $10 to $7... I stand on my findings that the directory business is a bad, bad business... They sell advertising through the yellow pages... and I am staying negative on it.
 

WDC

30.87

30.13

Western Digital Corp. (WDC)

WDC -  Unbelievable, monster quarter and nobody cared!  That is incredible... (buzzer sounds)...  WDC... I'm going to be very frank about this...  If we had a better tape... if the market were better...  I would be buying that hand over fist... I am reluctant to recommend it, just because it's an American tech company that doesn't seem to want to go higher on good news.  Let's wait until it gets to the mid-$20s...

Price target to by:    mid-$20s
 

AUY*

17.99

18.51

Yamana Gold Inc. (AUY*)

AUY -  Remember, if that stock goes below $16, I'm going to buy more for my charitable trust... I hope you join me.
 

 

       

GU

10.65

10.64

Gushan Environmental (GU)

GU -  I want you buy it ahead (of earnings)... Chinese biofuel... I think that's a terrific idea.  GU, it's a speculative name.  It's speculative Friday... I haven't done any speculation.  Let's make that one it...
 

DAL

13.35

13.27

Delta Air Lines Inc. (DAL)

DAL -  No, no...  DAL is no good, with oil at $100...  I need you to sell that stock...
 

 

       
         
         
       

[ end of lightning round ]

   
 
After this segment, you can see Jim's Closing Segment picks here...

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.

 
  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.

Fast Money Recap - Trades for next day...

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