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Wednesday, 03/12/08
Posted 03/12/08, 10:36
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 03/12/08 |
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Dow Jones: |
12,110 |
- 46 |
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NASDAQ: |
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2,243 |
- 11 |
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S&P 500: |
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1,308 |
- 11 |
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Stock Snapshots - Includes
all stocks from callers'
questions |
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After this
segment, you can
see Jim's Closing
Segment picks
here...
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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) |
|
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GS* |
163.01 |
160.44 |
Goldman Sachs (GS*)
GS* - First of all, I
own GS* for
my charitable trust... I
have pledged to own the stock
for as long as I have my
charitable trust. I got my
start at Goldman Sachs.
Lloyd Blankfein (CEO) is a great
CEO... Now, I've said all
those things... now let's go
right to the skinny right here.
The brokerage industry is under
an assault like I've never seen.
I will not even dane to tell you
the rumors that I heard today...
I will not tell you anything,
other than the fact that I
believe that this industry is at
the epicenter of the problems,
other than
Washington Mutual (WM)
and
Citigroup (C)...
and a couple of other
nare-do-well banks... So,
GS*, in the end, I think, will
be a "last man standing," so I
am not backing away from it but,
as people hear of the problems
at banks... particularly what's
known as the prime brokerage
business at some of the
brokers... not GS*... they
are pulling their money out.
GS* will eventually be the
winner. But, until then, I
have to tell you that, until it
gets to $150... don't buy, don't
buy... That's the next level
where I'm
pulling the trigger for
my charitable trust.
Price target to buy again:
$150.00 or under.
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BRY |
42.42 |
41.98 |
Berry Petroleum Co. (BRY)
BRY - Off of its
52-week high... I know
this company from when I lived
out in California. I think
this is great oil producer.
It's exactly the kind of stock I
want to own right here.
We've got Stillwater, we've got
BRY. I like this BRY
idea... I like it berry much!...
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FLEX |
9.96 |
9.76 |
Flextronics International
Ltd. (FLEX)
FLEX - Well, you
know... technology. I
liked this stock, I recommended
it... then they reported a great
quarter. I thought I was
looking real, real good, and
then the market turned down.
I still think FLEX is cheap.
I'm not backing away from it,
but understand, it's a hard tech
market... and may I point
out that, yesterday, in the
middle of a 470-point rally,
that
Texas Instruments (TXN)
had guided down, which is bad
for
Nokia (NOK)...
which is bad for the complex
that had been the one thing that
was good in tech...
Cisco
(CSCO)
is back to $25. I want to
sell that. And I also want
to
ring the register on CIENA (CIEN)...
That's like a
four-fer...
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TXN |
28.38 |
28.14 |
Texas Instruments (TXN)
See FLEX comments above for:
TXN
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NOK |
32.10 |
31.47 |
Nokia (NOK)
See FLEX comments above for:
NOK
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CSCO |
25.14 |
24.75 |
Cisco
(CSCO)
See FLEX comments above for:
CSCO
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CIEN |
28.27 |
27.71 |
CIENA Corp. (CIEN)
See FLEX comments above for:
CIEN
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ATI |
71.02 |
70.17 |
Allegheny Technologies Inc.
(ATI)
ATI - Remember, we
rang the register
nine ways to Sunday on that
stock, and then decided that we
didn't like it all, because the
Russians were glutting the world
with Titanium. No, that is
not going to go back to $100.
I think ATI is not the right
steel stock to own right here.
That's a titanium play, and it's
not doing that well.
Aerospace goes down everyday.
Boeing Co. (BA),
one of our $80-to-$120 (stocks)
has disappointed us. I am
not gong to get in the complex
that makes parts, other than
BE Aerospace (BEAV),
Honeywell
(HON),
and
United Technologies
(UTX)...
and I don't want to be in ATI.
I would rather be in
United States Steel
(X),
which I think is a lot better.
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X |
113.06 |
111.28 |
United States Steel Corp.
(X)
See ATI comments above for:
X
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BEAV |
32.99 |
32.52 |
BE Aerospace Inc. (BEAV)
See ATI comments above for:
BEAV
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HON |
56.98 |
56.09 |
Honeywell
(HON)
See ATI comments above for:
HON
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UTX |
68.20 |
67.39 |
United Technologies Corp.
(UTX)
See ATI comments above for:
UTX
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OMTR |
20.05 |
19.97 |
Omniture Inc. (OMTR)
OMTR - Connected with
the web. When
Google (GOOG)
peaked, this stock peaked.
That was the end. There's
great correlation. I have
to tell you... I like OMTR's
product very much. We had
a great trade in OMTR. We
told you to take some off... and
then we didn't want to rebuild
it, because the market's too
hard for tech, and we do not
like tech on this show.
Period. End of story.
We don't like tech.
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VMW |
51.27 |
50.84 |
VMware (VMW)
VMW - Sell, sell,
sell!... No, no.
We're disappointed. It was
a high-multiple stock that
disappointed. No
high-multiple tech stock can
ever disappoint... It's
the same way I like Marc Benioff
in
Salesforce.com (CRM)...
If he disappointed, the stock's
cut in half. That's
exactly what happen with VMW...
the stock was cut in half.
I've been owning
EMC (EMC*)
for
my charitable trust, and it has
been a complete and utter dog...
I've been crying, and one of the
reasons why is that it's
valuation is very similar to
Cypress Semiconductor (CY).
Remember when we had T.J.
Rodgers (CEO) on? It's
being valued by the sub...
EMC* is being valued by the sub
and, as VMW (which is owned by
EMC*) goes down, EMC* is going
down. EMC* is cheaper
though, if you want to know the
stock that I like.
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EMC* |
14.89 |
14.78 |
EMC (EMC*)
See VMW comments above for:
EMC*
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BMY |
21.36 |
21.14 |
Bristol-Myers Squibb Co.
(BMY)
BMY - I did a screen
over the weekend about
dividend-yielding stocks and,
sure enough, GlaxoSmithKline
(GSK)
and BMY came in, because they're
5%+ yielders... and I don't like
Pfizer (PFE),
as everyone knows, because of
the product pipelines and
because of the (patent)
expirations... BMY has
enough (cash on hand) to cover
that dividend, but there's very
little upside... very little
upside. GSK, very little
upside. That's why I am
just on the fence... don't buy,
don't buy... because, unless BMY
gets a takeover bid, and I don't
want to touch it. And why
am I really negative on BMY?...
Take a look at their cash
management and sub-prime... I've
got to tell you, I would have
put their CEO in the
Wall of Shame, if I hadn't already
put their previous guy in the
Wall of Shame... and I feel like
I'm just repeating myself...
it's like groundhog day with
that company...
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GSK |
42.12 |
41.68 |
GlaxoSmithKline (GSK)
See BMY comments above for:
GSK
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PFE |
21.28 |
21.16 |
Pfizer (PFE)
See BMY comments above for:
PFE
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MO* |
73.66 |
72.99 |
Altria (MO*)
MO* - Here's what you
do with MO*... you buy more!
The stock was down a buck and a
half. The roadtrip just
began. It yields 4%+.
Their going to boost the
dividend. Fabulous
commentary last night from the
CEO... We're getting two,
yes two, Moes in one... We're
getting PMI (i.e., Phillip
Morris International), we're
getting international and we're
getting domestic... I
think both are great. I
want to load the boat up.
It is my largest position in
my charitable trust, and I wish I
were bigger (i.e., owned more of
that stock)...
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DAL |
10.13 |
9.82 |
Delta Air Lines Inc. (DAL)
DAL - Listen to me,
and listen up good... this is
the old piece of advice that I
got in 1983, when I was at
Goldman Sachs... Never, ever,
ever... own an airline stock!
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PAY |
15.27 |
14.90 |
VeriFone Holdings Inc. (PAY)
PAY - It's not good
news at all... The
important thing that you need to
know right now is that this
company's financials were just a
sham! They came out and
said it... Remember, we
operate on a principle... first
documented in
JIM CRAMER'S REAL MONEY: SANE
INVESTING IN AN INSANE WORLD...
it says that accounting
irregularities equals sell!
And I am reiterating that...
Sell, sell, sell, sell, sell!
It's not an airline stock, but
it might as well be!
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SCI |
10.11 |
9.98 |
Service Corp. International
(SCI)
SCI - No, c'mon man...
you're averaging down in a
situation that doesn't have any
upside... I am not a believer in
the baby boom play on
cemeteries... I'm not a buyer of
that story. Sell,
sell, sell!... I really
don't see any reason why you
should buy any more of that.
Just cut your losses...
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NUAN |
18.00 |
17.64 |
Nuance Communications, Inc.
(NUAN)
NUAN - Oh, my God... a
speech play... Speech
software has been something I
have avoided ever since Learnout
& Hauspie, which was one of the
single-greatest... (buzzer sounds)...
shorts I've ever seen, so
ix-nay on the NUAN...
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XEC |
53.20 |
52.66 |
Cimarex Energy Co. (XEC)
XEC - Do you know,
this was the first stock I ever
bought for
my charitable trust?... This
is an unbelievably-good, and
ignored on in Cramerica, oil and
gas play... You have got a
winner. I know people feel
like the natural gas play is all
traded out. They're wrong.
Natural gas is the fuel of the
future. It's abundant.
It's clean. It burns
great, and XEC is a terrific
one!
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[
end of lightning round ]
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After this segment,
you can see Jim's
Closing Segment picks
here...
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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: |
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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 >> |
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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. |
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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. |
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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. |
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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. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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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... |
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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. |
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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). |
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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. |
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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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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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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. |
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© 2005-2007 MadMoneyRecap.com ■
Important disclaimer: This site is
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interpreted by us as accurately as
possible. Some comments have been
edited for brevity and clarity,
and extraneous material omitted. Please rely on watching
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and reading the text of the
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cannot be guaranteed. Please
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