MAD MONEY RECAP | LIGHTNING ROUND | Thursday, 03/20/08

●



	Thursday, 03/20/08 Posted 03/23/08, 11:47 pm ET	(Scroll down to see Jim's comments below)



Today's date: Thursday, 03/20/08

	Dow Jones:	12,361		+ 261
	NASDAQ:		2,258	+ 48
	S&P 500:		1,329	+ 31


■	Stock Snapshots - Includes all stocks from callers' questions	■

After this segment, you can see Jim's Closing Segment picks here...

Bookmark this site!

See all of tonight's stocks' latest quotes on Yahoo! Finance

Most popular
investing books ordered:
(click any book to see at Amazon.com)

We need your help!
If you find our service valuable, your donation is critically helpful to support
our operating costs and is MUCH appreciated!
(click below to donate)

We are serving thousands of new visitors every day and our costs are growing as well. Thank you for your support & generosity!

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)

29.59

Willbros Group (WG)

WG - I want you to buy WG! Buy, buy, buy! I tell you, we broke out of that company in the low $30's... That's got a great oil and gas situation. Everyone's freaking out about oil, because it went under $100 for a little bit... May I just say that we've had about five freakouts in oil in the last three years, and everytime, they've been buying opportunities. And this one is no different!

WNR

14.19

Western Refining Inc. (WNR)

WNR - All right, I'm going to tell you point blank... the refining margins in this country, I have been very, very negative on them... That means that those guys have been squeezed as crude went up, and they can't pass off their price increases... That's done! I am right here, right now, going to recommend WNR... Valero (VLO) too... I think VLO's too cheap! I want to pull the trigger... Everybody else pulled the trigger beforehand... I was saying this (bear)... Right here, right now, I am going this (bull) on America's refiners... they're all despised... I want them!

VLO

49.51

Valero Energy Corp. (VLO)

See WNR comments above for:
VLO

Cramerisms.com
(This is becoming an ever-growing GREAT SITE for financial terms
and descriptions - especially ones unique to Jim Cramer!)

PEG

41.17

Public Service Enterprise Group Inc. (PEG)

PEG - Holy cow, do I write them a check every month (i.e., as his home's electric company)... Here's the deal... I saw that stock go down big, and I said to myself, boom! I want to own that! I'd like to put a way a utility here. The other day, I saw someone downgrade Consolidated Edison (ED) and it didn't even go down! PEG... I wish I owned that stock for my charitable trust... You're making a great move. That stock's down too much!

ALU

5.29

Alcatel-Lucent (ALU)

ALU - All right... there's nothing there. There's absolutely nothing there... Sell, sell, sell!... The woman who runs it, Patricia Russo, is on our Wall of Shame... and, as long she's there, I don't want it. The technology's bad... they haven't made the cost cuts. That stock, and Nortel (NT), have been two disasters. I want to reiterate that that stock is a sell right here. I have not liked it now for 20 points, and I still hate it!

6.10

Nortel Networks Corp. (NT)

See ALU comments above for:
NT

EPD

28.21

Enterprise Products Partners (EPD)

EPD - All right... I'm so glad you asked about this... There are a series of hedge funds... that borrowed a lot of money to buy this stock, and a lot of other dividend stocks, that are in the transmission of natural gas play. I've been talking endlessly about what is known as the de-leveraging, where the brokers have been taking the money away from hedge funds, or demanding they put up more collateral. There are some hedge fund liquidations that are knocking down EPD. May I suggest that, with a 7% yield, I would buy it right here... EPD... that's my favorite in the group!

VZ*

36.12

Verizon (VZ*)

VZ* - I bought some VZ* yesterday for my charitable trust... I paid, literally, $33-34... That stock, at $33-34, it's an insult to Ivan Seidenberg, one of my favorite CEOs... I think you're going to be rewarded. I think that stock goes to $40. I can't believe I was able to get it at a 5% yield. I dont' even care about that auction. It's all bullish from here with VZ*!

Price target: $40.00

AGU

61.31

Agrium (AGU)

AGU - We're going to use this to discuss the ag for a second... We had Bob Lane (CEO) from Deere (DE)... I was very, very bullish on the ag group. He said something that made me pull in my horns... People know I stopped recommending Monsanto (MON), but I recommended Potash (POT)... and I like MOS and I like AGU... He said there will be ups and downs, but it's a long continuum... So, every time these stocks go up, you've got to take a little off... and when they get slammed, like AGU did here, you buy a little... That's my advice... buy some at $62, and then wait until $57... use a 5-point scale... to be able to buy some AGU... not more aggressive than that...

MON

97.13

Monsanto (MON)

See AGU comments above for:
MON

POT

144.26

Potash (POT)

See AGU comments above for:
POT

MOS

92.01

Mosaic (MOS)

See AGU comments above for:
MOS

GS*

179.63

Goldman Sachs (GS*)

GS* - Every broker should be losing money in this environment... GS* turned on the jets... they shrunk the balance sheet... David Viniar is the best CFO in that group... and let me just be really honest... the culture is such (buzzer sounds)... that they just won't let the bad things happen. I bought 100 shares of GS* at $161 for my charitable trust last week... I felt so awful when it went down to $140... It didn't matter. It bounced right back. My take is, GS*... That's the one to own, even up here... JPMorgan (JPM) is second... I would stick with GS*...

JPM

45.97

JPMorgan Chase & Co (JPM)

See GS* comments above for:
JPM

[ 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 >>

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).