Monday, 03/03/08
Posted 03/03/08,  11:14 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 03/03/08

  Dow Jones: 12,258      - 7
  NASDAQ:   2,258     - 12
  S&P 500:   1,331     -  0
 
 
 
 
     

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)

LINE

22.88

23.13

Linn Energy, LLC (LINE)

LINE -  Why is that stock... why is that company not doing well?  I think they're hedged the wrong way.  This is a great quandary to me.  Every other company in that industry is doing well, because they're letting the natural gas run!  I think this company is the wrong horse!  I think you should take a look at Chesapeake (CHK).  Aubrey McClennan (CHK's CEO) is looking at it... He's buying it... You should buy it.
 

CHK

46.08

46.40

Chesapeake Energy Corp. (CHK)

See LINE comments above for:
CHK
 

AA

38.32

37.90

Alcoa, Inc. (AA)

AA -  AA is a sign that there is no worldwide recession, because that stock does not seem to want to go down...  That said, it is not my favorite mineral company.  If you want to own my favorite mineral company - on a pullback - it's going to be Freeport-McMoRan (FCX*), which I own for my charitable trust, or, right now, if you're really desperate to buy one, why not buy CVRD (RIO)?... But RIO is not down nearly as much... I think those are better than yours.
 

FCX*

103.45

102.05

Freeport-McMoRan (FCX*)

See AA comments above for:
FCX*
 

RIO

35.00

34.60

CVRD (RIO)

See AA comments above for:
RIO
 

USU

5.86

5.79

USEC Inc. (USU)

USU -  Honestly, this has been pulled back a lot... We've been talking about it a lot... This stock has been completely crushed...  They have a business model I don't like, which is spec... uranium... to try to beat... This is the swords and the plowshare thing.  I think that, if you want uranium, I would go with Mosaic (MOS), which has a nice bit of uranium, or a new one... I am thinking that this Agnico-Eagle (AEM) just bought a nice piece of uranium company, and you've got gold with it.
 

MOS

111.93

111.04

Mosaic (MOS)

See USU comments above for:
MOS
 

AEM

71.51

72.40

Agnico-Eagle Mines Ltd. (AEM)

See USU comments above for:
AEM
 

RIG

139.25

138.56

Transocean Inc. (RIG)

RIG -  All right, now...  I always talk about my wins.  How about talking about something I did stupidly.  I got concerned when I saw Baker Hughes Inc. (BHI) report not a great quarter... when I saw Smith International Inc. (SII) report not a great quarter... when I saw  Schlumberger (SLB) go from $100, down to $80...  that I thought RIG would not report a good number... and I sold the stock - albeit for a nice gain - for (his charitable trust)...  That was a mistake.  RIG is coming back down now.  I think that RIG is the single most-levered company to oil and offshore drilling.  And, if that stock gets below $130, I'm getting back in it.   It's best in show.  What a blowout number they reported.

Price target to buy:  Below $130.00
 

 

       

ROCK

10.93

10.95

Gibraltar Industries, Inc. (ROCK)

ROCK -  Can I send you to Nucor (NUE)?  Do you mind if I send you to NUE?...  You know, this has a lot of building products which we know from Home Depot (HD) that we don't want to have anything to do with...  I think, if you want a kind of steel, mineral play... NUE, which just bought a nice scrap business... is a better play.   And, by the way, when you listen to a guy who I think the world of... (Ken) Heebner, whom I recommend in
my funds... He agrees with me that the steel companies are really, really terrific.  Stay Mad For Life , by the way... where I actually recommend some mutual funds...
 

NUE

66.05

65.31

Nucor (NUE)

See ROCK comments above for:
NUE
 

TEF

86.07

84.49

Telefonica SA (TEF)

TEF -  You know, this is one where they are... When we looked at these, I felt that this was an over-exploited name, and it was in basic tel in Spain... (buzzer sounds)... which really didn't interest me.  I mean, honestly, I would much rather have you be in America Movil (AMX), which a lot of people are shorting right now...  If you want to have growth in Latin America... This company also does some business in Mexico and the Dominican Republic... TEF wants to be bigger in that part of the world, but they're really kind of just, in the end, playing in Spain, and I don't want that.
 

AMX

61.15

61.00

America Movil (AMX)

See TEF comments above for:
AMX
 

GOOG

457.02

450.45

Google (GOOG)

GOOG -  The four horsemen... which we did officially abandon...  Now, Apple Inc. (AAPL) and Amazon.com (AMZN) are going to do nothing.  They're a consumer spend play.    Google Inc. (GOOG)... I think advertising has slowed on the web.  That is not a good stock here.  It can go to $400.  Of them all, the best one is Research In Motion (RIMM) but, in the end, high-multiple stocks, levered to consumer spending are not a place to be...  I wish I could say some good things about GOOG.  I know there've been some terrific defenses being done of GOOG... but I see a stock that's going lower and, until it gets to a point where I feel comfortable that the earnings estimates are going to go up, not down, I will not stick with GOOG...
 

AAPL

121.73

121.98

Apple Inc. (AAPL)

See GOOG comments above for:
AAPL
 

AMZN

62.43

61.77

Amazon.com (AMZN)

See GOOG comments above for:
AMZN
 

RIMM

100.15

99.90

Research In Motion (RIMM)

See GOOG comments above for:
RIMM
 

         
         
       

[ 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 >>


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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