Tuesday, 03/18/08
Posted 03/18/08,  8:59 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 03/18/08

  Dow Jones: 12,392   + 420
  NASDAQ:   2,268    + 91
  S&P 500:   1,330    + 54
 
 
 
 
     

Stock Snapshots - Includes all stocks from callers' questions

     
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)

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.

GS*

175.59

177.94

Goldman Sachs (GS*)

See MER comments above for:
GS*

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... 

FWLT*

55.71

56.35

Foster Wheeler (FWLT*)

See FLR comments above for:
FWLT*

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... 

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...

CVD

81.35

81.60

Covance Inc. (CVD)

See OCR comments above for:
CVD

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)]   

ABK

6.25

6.47

Ambac (ABK)

See MBI comments above for:
ABK

MTG

14.00

13.65

MGIC Investment Corp. (MTG)

See MBI comments above for:
MTG

GS*

175.59

177.94

Goldman Sachs (GS*)

See MBI comments above for:
GS*

HCBK

17.86

17.67

Hudson City Bancorp (HCBK)

See MBI comments above for:
HCBK

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.

FTI

59.89

60.29

FMC Technologies, Inc. (FTI)

See FTK comments above for:
FTI

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...

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.

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.

 

       

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!  

SGP*

20.17

20.28

Schering-Plough Corp. (SGP*)

See GSK comments above for:
SGP*

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...

WFC

31.54

31.69

Wells Fargo (WFC)

See USB comments above for:
WFC

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...

AAPL

132.82

133.09

Apple (AAPL)

See RIMM comments above for:
AAPL

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... 

FRO

43.88

43.87

Frontline Ltd. (FRO)

See DRYS comments above for:
FRO

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...

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...

APP

8.98

9.00

American Apparel Inc. (APP)

See CROX comments above for:
APP

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!

FCX*

98.69

97.80

Freeport-McMoRan (FCX*)

See PCU comments above for:
FCX*

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...

GS*

175.59

177.94

Goldman Sachs (GS*)

See WB comments above for:
GS*

HCBK

17.86

17.67

Hudson City Bancorp (HCBK)

See WB comments above for:
HCBK

       

[ 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.

 

 

   
   
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