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Tuesday, 03/18/08
Posted 03/18/08, 8:59
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 03/18/08 |
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Dow Jones: |
12,392 |
+ 420 |
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NASDAQ: |
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2,268 |
+
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S&P 500: |
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1,330 |
+
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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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MER |
46.63 |
46.69 |
Merrill Lynch
(MER)
MER - I think MER had
a big move today. It's up
$5. I can't recommend that
one, up $5, because I've got a
better one... I stood
right here last week... and I
stuck up for Lloyd Blankfein
(CEO) and
Goldman Sachs (GS*),
and people laughed behind my
back and in my face. That
stock was up $24, and it is
still cheaper than MER!
These guys are just fabulous!
They're working for you!
They bought back stock... they
don't need to issue stock to the
First National Bank of Communist
China... and I am telling you
that I'd rather own GS*, up
$24... buy, buy, buy!...
Buy that one and not MER.
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GS* |
175.59 |
177.94 |
Goldman Sachs (GS*)
See MER comments above for:
GS*
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FLR |
137.87 |
139.31 |
Fluor Corporation (FLR)
FLR - I don't mind
that stock. It was up huge
today... up $11.79.... that's a
big move... May I suggest
that you buy a stock that is
down 30 points... and I bought
some all the way down, and I'm
getting a beating, I have to
admit... but I think that we had
Milkovich (CEO) on... He stood
right here and he said that
Foster Wheeler (FWLT*)
was doing fine. No one
listened except for me, and you
are now being able to buy that
stock 10 points lower than I did
(i.e., for
his charitable trust)... You
want an infrastructure play?
FWLT*, at $55, and there's a
huge seller, so you'll be able
to buy it pretty darn cheap...
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FWLT* |
55.71 |
56.35 |
Foster Wheeler (FWLT*)
See FLR comments above for:
FWLT*
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PENN |
41.20 |
41.18 |
Penn National Gaming (PENN)
PENN - You know, I'm
not an
arbitrager, so
I am not going to recommend that
stock... don't buy, don't buy...
The arb market is too hard...
I suggest you listen to David
Faber (on CNBC)... He is the
absolute best man... He's
been red-hot in this credit
market. You've got to
start listening to him...
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OCR |
16.46 |
16.47 |
Omnicare Inc. (OCR)
OCR - Jeez... Boy is
that low. We like the
Covance Inc. (CVD).
This thing is unbelievable!
Make a note to staff... I've got
to find out how OCR got down to
$15... How bad is it? I do
not have a handle on why that
stock has fallen so low.
Let's get on that...
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CVD |
81.35 |
81.60 |
Covance Inc. (CVD)
See OCR comments above for:
CVD
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MBI |
12.31 |
11.81 |
MBIA Inc. (MBI)
MBI - Well, I don't
really care for that group.
They did do a substantial
recapitalization, along with
Ambac
(ABK)...
I don't like what are known as
the monoline insurers... I
see, by the way, that another
company I've been giving a hard
time to...
MGIC Investment Corp. (MTG)
filed its big deal for more
stock, at the end of the day...
I say you've got to stick with
quality financials, and the only
two that I really... that I
stick my neck out on here, are
Goldman Sachs (GS*)
and Hudson City Bancorp (HCBK).
I tried to do it with
Annaly (NLY*),
and we know that my neck got cut
off. I'm not going to
recommend any others...
There are a lot of holds... and
I've got another one that I
can't talk about yet... that I
absolutely am crazy about, but
you're going to have to stay
tuned for that... [See
the closing segment of
tonight's show, for this
emphatic recommendation by Jim
for
JPMorgan Chase & Co (JPM)]
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ABK |
6.25 |
6.47 |
Ambac
(ABK)
See MBI comments above for:
ABK
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MTG |
14.00 |
13.65 |
MGIC Investment Corp. (MTG)
See MBI comments above for:
MTG
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GS* |
175.59 |
177.94 |
Goldman Sachs (GS*)
See MBI comments above for:
GS*
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HCBK |
17.86 |
17.67 |
Hudson City Bancorp (HCBK)
See MBI comments above for:
HCBK
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FTK |
18.46 |
18.10 |
Flotek Industries Inc. (FTK)
FTK - They delayed
their filing of their
10-K... That's never
positive. If we're going
to be in that game, we are going
right to the stock that we have
recommended repeatedly in this
particular market, which is
FMC Technologies (FTI).
They are the ones that are
making the best energy
production stuff... That
stock was up $4 today, and it's
still not too late... My
play is better.
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FTI |
59.89 |
60.29 |
FMC Technologies, Inc. (FTI)
See FTK comments above for:
FTI
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F |
5.29 |
5.39 |
Ford Motor Co. (F)
F - Own the
FORD Preferred (F-PA).
There's a preferred that trades,
that's got a better dividend
than the common stock.
That's all I would recommend, is
the preferred... not going to
recommend the common...
The same thing with GM... You
own the preferred of GM (i.e.,
), not the common...
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F-PA |
13.36 |
13.25 |
FORD Preferred (F-PA)
See F comments above for:
F-PA
Important: Jim did not
confirm that this stock symbol
is the exact stock that he is
referencing as "the preferred."
Do your own research to confirm
that this is the appropriate
stock for your needs.
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GMS |
16.30 |
16.40 |
General Motors 7.5 Preferred
(GMS)
See F comments above for:
GMS
Important: Jim did not
confirm that this stock symbol
is the exact stock that he is
referencing as "the preferred."
Do your own research to confirm
that this is the appropriate
stock for your needs.
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GSK |
42.32 |
42.11 |
GlaxoSmithKline (GSK)
GSK - I did a lot of
work on GSK. All I can
tell you is the dividend is so
safe, like
Bristol-Myers
(BMY)...
I don't see a lot of upside,
because the company's got
challenges in earnings.
That's why I'd rather be in an
earnings growth story, with a
weak dollar kicker, which is
Schering-Plough (SGP*)...
But there's nothing matter with
being paid to wait, while GSK
gets its act together!
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SGP* |
20.17 |
20.28 |
Schering-Plough Corp. (SGP*)
See GSK comments above for:
SGP*
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USB |
33.64 |
34.01 |
US Bancorp (USB)
USB - You know that
sweet deal that that fella,
Jamie Dimond (CEO of J.P.
Morgan) crafted, in order to be
able to buy
Bear Stearns (BSC)?...
I think USB and
Wells Fargo (WFC)
are on the short list to be able
to buy a lot of banks that are
going to be going belly-up here,
with the Fed absorbing the
losses getting the gains... USB
and WFC both picks... for trades
only... in order to be able to
gain when the next bank goes
belly-up, and there will be
some...
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WFC |
31.54 |
31.69 |
Wells Fargo (WFC)
See USB comments above for:
WFC
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RIMM |
105.00 |
106.00 |
Research
In Motion (RIMM)
RIMM - After we
beheaded the Four Horsemen at
the beginning of the year, I
came back and said we liked
RIMM. I then added, last
week,
Apple (AAPL)...
I think RIMM is having a great
quarter, and I'm not backing
away from that one. And
I'm now liking AAPL, as it got
to that $125 level...
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AAPL |
132.82 |
133.09 |
Apple (AAPL)
See RIMM comments above for:
AAPL
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DRYS |
62.00 |
61.11 |
DryShips, Inc. (DRYS)
DRYS - DRYS was up big
today... I saw it was up $6... I
had stayed away from that group
for a long time. It came
in big and then, last night, I
recommended
Frontline (FRO).
That's the one I'm going to
stock with. I like that
dividend best. Don't ask
me to do more than that because,
everytime I do, I get the
stuffing knocked out of me...
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FRO |
43.88 |
43.87 |
Frontline Ltd. (FRO)
See DRYS comments above for:
FRO
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CRN |
20.07 |
20.08 |
Cornell Companies Inc. (CRN)
CRN - They lost a big
contract last week. I
didn't like that. It's not
a group I really like.
They're too beholden to
government spending...
don't buy, don't buy... I
don't trust that group...
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CROX |
17.83 |
18.19 |
CROCS (CROX)
CROX - I see that they
like that a lot on
the Fast Money show...
I'm not a CROX believer. I
think there's too many
knockoffs... I don't want to be
there... and someone tried to
get me to buy
American Apparel (APP),
and I don't like the
management... I don't like the
way they handle themselves...(buzzer sounds)...
So that's a
two-fer negative...
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APP |
8.98 |
9.00 |
American Apparel Inc. (APP)
See CROX comments above for:
APP
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PCU |
107.01 |
106.89 |
Southern Copper Corp. (PCU)
PCU - I saw someone
recommended that stock... just
yesterday... Erin Burnett had
Freeport (FCX*)
on, and the guy actually
admitted that America was
weak... When was the last time
you ever had a CEO on that ever
said anything was wrong?...
That emboldened me to buy more
of it, if I could have, but I
was frozen... I own it for
my charitable trust... and I think
it goes higher!
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FCX* |
98.69 |
97.80 |
Freeport-McMoRan (FCX*)
See PCU comments above for:
FCX*
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WB |
28.14 |
28.31 |
Wachovia Corp. (WB)
WB - Look... everyone
thinks that WB is going to cut
the dividend... They haven't
said anything like that, and the
dividend was double digits
yesterday... Look, I've
got my bank that I am going to
recommend... I'm going to
have to say don't buy WB...
don't buy, don't buy... It seems
cheap, but I've got
one that's cheaper...
That banking group... I don't
want to get caught up... I'm
only going to recommend a couple
of names... You know I like
Goldman (GS*)...
and you know I like
Hudson City Bancorp (HCBK)...
and you'll like
the one I've got after the break...
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GS* |
175.59 |
177.94 |
Goldman Sachs (GS*)
See WB comments above for:
GS*
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HCBK |
17.86 |
17.67 |
Hudson City Bancorp (HCBK)
See WB comments above for:
HCBK
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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:
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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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possible. Some comments have been
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and extraneous material omitted. Please rely on watching
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