Thursday, 04/03/08
Posted 04/03/08,  11:52 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 04/03/08

  Dow Jones: 12,626    + 20
  NASDAQ:   2,363    + 1
  S&P 500:   1,369    + 1
 
 
 
 
     

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)

EP*

16.99

na

El Paso Corp. (EP*)

EP* -  I started buying EP* for my charitable trust...  EP* is a very cheap natural gas play, and I really think that everybody who hasn't been in natural gas stocks yet, who wants a $17 stock, should be looking at that.  Please do your homework.  I spent a lot of time on this one.  It is clearly not as consistent as XTO Energy Inc. (XTO*)... It is not as consistent as any of the majors...  But I do like EP* as a speculative natural gas and pipe play... speculative natural gas... 

IHG

16.21

na

Intercontinental Hotels Group (IHG)

IHG -  A not-great hotel chain... in an industry that I don't really care for... I am not going to recommend that stock.  As a matter of fact, I am not going to recommend any hotel chains, until we get that Harrah's deal done, and off the books.

PFE

21.34

na

Pfizer (PFE)

PFE -  No, PFE's got a high...  It's like a bond without any growth.  I don't like anything that PFE's doing.  Now, is my credibility good or bad here?  I said I like Celgene (CELG)... that's been monster.  I said I like Gilead (GILD)... that's been fantastic.  And I said that I like Schering-Plough (SGP*).  And, for that... house of pain... I saw SGP* announced some very good things.  I thought they were meaningful.  The stock finally went up... but, then again, I have been totally wrong on it, because I have felt that the enhanced study would not wreck all Vytorin sales... but I still say SGP* is a good stock.  I still say it's better than PFE... and I don't care that I have been wrong... and I have been wrong.

SGP*

15.38

na

Schering-Plough (SGP*)

See PFE comments above for:
SGP*

 

       

NEU

80.85

na

NewMarket Corp. (NEU)

NEU -  NEU is a problem...  It's a short squeeze name.  Everybody knows it as a short squeeze name.  It has a very narrow float.  It's been going up on guys who are panicked... panicked...  It's a lubricant and additive company.  It's got nothing really special, other than it's a giant short squeeze.  Please be careful.

CTXS

31.56

na

Citrix Systems (CTXS)

CTXS -  A very difficult product cycle.  I actually write about that stock as a problem in Jim Cramer's Stay Mad For Life... because I think that's a technology company that does not have a good product cycle going.  If you are new to the game, I want you to stick with stocks that pay good dividends to get started.  People who are really new to the game... on your first $10,000 you shouldn't even be in stocks... (mutual funds instead)...  But I don't want you to start with CTXS.  It is too dicey for you, and it's not a great technology stock.  I think it's bearish.

GLW*

25.53

na

Corning Inc. (GLW*)

GLW* -  All right... I've been scaling out of GLW* for my charitable trust...  Why, do you think?  Well, because it's at a 52-week high... I don't really care for technology right now... It's gotten a little expensive, and it depends on the FiOS rollout by
Verizon (VZ*)...  But I still do have a nice position...  It's getting a little north...  If it pulls back to $22, I would pull the trigger and buy more.

Price target to buy:  $22.00

DNDN

5.28

na

Dendreon Corp. (DNDN)

DNDN -  No, no... DNDN is a very controversial company.  It's got a lot of novel stuff...  I don't like it.  I don't think it has anything going for it...  People now hate me that I said that...  I don't care.

SNDK

26.47

na

SanDisk Corp. (SNDK)

SNDK -  No, no, no...  SNDK is a stock that is commoditized...  Everyone gets real excited, because everytime you buy a digital camera or a digital phone, you say, I need more memory... and that is SNDK, but that is not a proprietary technology.  I don't want you to own SNDK.

LYV

13.04

na

Live Nation, Inc. (LYV)

LYV -  Every time I ever get in one of these entertainment companies, I lose my shirt...

BSC

10.72

na

Bear Stearns (BSC)

BSC -  No, no... You're in an arbitrage situation.  They're not going to pay more than $10, and may I reiterate that, if your money's in Bear Stearns (deposit accounts), you're fine.  (buzzer sounds)... But the stock isn't any good.

BP*

62.50

na

BP plc (BP*)

BP* -  Okay... BP* is very controversial.  I own it for my charitable trust...  I know it's a terrible company... I know they're getting rid of their green project...  I know that they have refinery problems, including wherever you live...  I know it's mis-managed, but it's got a beautiful yield, and it's an energy stock... and even they can't screw that up...  BP*?  I'm a buyer!

FTEK

20.89

na

Fuel-Tech, Inc. (FTEK)

FTEK -  This is another one where I say, you know what?  I am too conservative a guy to be in FTEK.  And, if I want to own anything even remotely in that area, I am going to recommend First Solar, Inc. (FSLR).

 

       
       

[ 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 >>