Wednesday, 03/19/08
Posted 03/19/08,  11:16 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 03/19/08

  Dow Jones: 12,099    - 293
  NASDAQ:   2,209      - 58
  S&P 500:   1,298      - 32
 
 
 
 
     

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)

T

36.05

36.24

AT&T (T)

T -  Anytime T goes to $35, you're going to hear me say buy it.  That's where it yields great.  That's the floor for that stock.  Is T doing really fabulously?  No.  The whole country is slowing down.  Do I believe that that dividend is great, and they will continue to buy back stock and increase the dividend?  Hallelujah, I do!  Which is why, at $35, I will pull the trigger 9 times out of 10.

Price target to buy:  $35.00

MVL

26.29

26.28

Marvel Entertainment, Inc. (MVL)

MVL -  I think the best may be behind them.  This is a really good company.  We've liked this stock.  I think you ought to ring the register...  Sell, sell, sell...  I think that this is the kind of stock that should have come in, along with Mattel (MAT)...  It didn't have the same obvious problems...  But I like MAT, at $20, more than I like MVL here.

MAT

20.37

20.39

Mattel Inc. (MAT)

See MVL comments above for:
MAT

Price target to buy:  $20.00

VSH

8.82

8.81

Vishay Intertechnology Inc. (VSH)

VSH -  I've known the company for a long time.  It's a component company.  I have not liked component companies one bit.  Component companies and airlines are two companies I'm not going to recommend on the show.  Just too much money lost trying to call a bottom in both groups.

NWL

22.70

22.72

Newell Rubbermaid Inc. (NWL)

NWL -  I thought that Ketcham, when he came from Procter & Gamble Co. (PG) would really turns things around.  He has been a total disappointment.  I know the yield's good, but I have stocks that yield that.   I am not going to recommend that stock.  I am really disappointed in that management.  They've got the Calphelon dishware, which I love...  They've got the Sharpies, which I use to sign the books...  and they've got the terrific blinds business, tools... and they've done nothing!  They've done nothing!  I say sell.

AMX

58.81

58.76

America Movil (AMX)

AMX -  I want people to understand... What I am about to say is going to seem contrary to a lot of people.  I like AMX very much.  There's a big raid going on, sending down all the Latin American stocks that I like.  So, what we do when we have a raid - and people are hitting down stocks - is we do the following...  If we want to buy 100 AMX, we buy 25 here...  Then we use what's known as a scale...  When the stock gets to $50-$55, you buy another 25 (shares).  When the stock gets to $50, you buy another 25... then you hope that it stops going down.  We are using wide scales, because this market is all over the place, and we've got to be conservative. 

BX

14.62

14.60

The Blackstone Group (BX)

BX -  That kind of company is so yesteryear.  It shouldn't have come public, as far as I'm concerned.  You never really know what they own.  Remember, I've also been saying that Fortress Investment Group (FIG) shouldn't be bought, and that stock's up a little bit.  I would sell that one.  I don't like these companies, where you don't really know what they own, you just say, listen, I think they're good guys...  That isn't how I make money... I make money by owning companies that make things...  Sell, sell, sell!

FIG

11.23

11.20

Fortress Investment Group (FIG)

See BX comments above for:
BX

ADS

44.69

44.80

Alliance Data Systems (ADS)

ADS -  I don't know... This and Harman International (HAR)... Once those deals break down, to be honest, I just don't care about it...  I do not care.  I don't want to be there.  I want to sell, sell, sell.  There's no deal.  The company's disruptive.  No thanks.

HAR

43.00

39.48

Harman International (HAR)

See ADS comments above for:
HAR

 

       

MLNM

14.16

14.14

Millennium Pharmaceuticals Inc. (MLNM)

MLNM -  Sell, sell, sell... I've known this MLNM forever... It's not up stock.  I just don't like it.  I think Cephalon Inc. (CEPH)'s got an approval coming up, and I think you would take profit from that.  I do like Genentech Inc. (DNA).  I'm sticking with that one.

DNA

78.05

78.00

Genentech Inc. (DNA)

See MLNM comments above for:
DNA

CEPH

62.61

63.58

Cephalon Inc. (CEPH)

See MLNM comments above for:
CEPH

 

       

CMI

49.21

49.26

Cummins Inc. (CMI)

CMI -  We were there.  We did that stock, we had a great gain, and we took it... I do not want to own that. Sell, sell, sell.  I'll own Caterpillar (CAT) below $70.  I have a better view of that one.

CAT

73.73

74.11

Caterpillar Inc. (CAT)

See CMI comments above for:
CAT

Price target to buy:  Below $70.00

NCC

9.48

9.80

National City Corporation (NCC)

NCC -  That's one of the institutions I try not to talk about...  I'll tell you this... Your money is safe at National City...  That does not mean you should buy the stock.  I don't think that company is going to be able to stay independent.  But I believe that the bid will come underneath (the price) where the stock is - (called a takeunder) - in a Bear Stearns (BSC) like fashion...  So, your money's safe in the bank, but not in the stock.

RIO

31.05

30.25

CVRD (RIO)

RIO -  The market's too awful to back up the truck.  We're never going to do that anymore.  I like RIO right here.  I would buy some but then, you know what?  I would wait for it to go lower to buy more.  Remember what we're doing.  We're learning that the market's going to give us big dips - where we'll use the dips to buy - and then big ups - where we'll do a little schnitzel...  That's what's operative right here.  That's what I'd do with RIO.  I would stick with it...  I wouldn't buy it, until it's down more, below $30...

Price target to buy:  Below $30.00  

FCX*

87.60

85.00

Freeport-McMoRan (FCX*)

FCX* -  Ouch!  Ouchy...  This is, again, the kind of stock that I'm talking about, like America Movil (AMX)...  FCX*, because everything's so crazy right now... there's bizarre volatility... that stock is trading in 10-point ranges now...  I like FCX* and I own it for my charitable trust...  I bought it in the $60s... It got to $110.  I sold half of it.  Now it's coming back down.  I would buy... I'm going to rebuild this 100 shares at a time for my trust...  But not beginning until $80.  I have no desire to pay above my basis, but I do think the stock is cheap.  Buy it slow... buy it in increments, and don't fret, because copper's a Chinese play.  It is not an American play.

Price target to buy:  $80.00

RAD

2.50

2.47

Rite Aid Corp. (RAD)

RAD -  They did have a good month, but remember what we said after Mary Sammons blew it...  she's the CEO...  They had two quarters that were bad, so they are distinctly in the penalty box.  I am not going to re-recommend that stock until they have two good quarters.  They've got to do two...  They are totally in the penalty box, and it's a major penalty.

         
       

[ 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:
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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.

 
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