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Tuesday, 04/22/08
Posted 04/23/08, 7:51
am ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 04/22/08 |
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Dow Jones: |
12,720 |
- 104 |
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NASDAQ: |
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2,376 |
- 31 |
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S&P 500: |
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1,375 |
- 12 |
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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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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
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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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SHLD* |
96.52 |
na |
Sears (SHLD*)
SHLD* - You know
that I stopped recommending the
stock, and I own a piece of it
for
my charitable trust... I am
not recommending the stock
because this is the single worst
environment to own SHLD*,
okay... As it is for Lowe's (LOW)...
As it is for
Macy's
(M)...
As it is for J. C. Penney (JCP)...
As it is for Kohl's (KSS)...
As it is for Talbots (TLB)...
As it is for Apollo Group Inc. (APOL),
which owns Linens 'n Things...
In other words, this is a really
bad group to own, with the
exception of Costco (COST),
which you know we like... and we
like
TJX (TJX)...
we think that's a good one...
and we like Wal-Mart (WMT)
and we like Urban Outfitters (URBN)...
and we also like J. Crew Group (JCG)
because we bumped into Mickey
Drexler (CEO) for a cup of
coffee this morning and he's a
good man... but that's not
enough reason to buy the
stock... Now, here's
what I think... I think,
ultimately, you do not want to
buy SHLD* until after you see
this horrible quarter.
Once we have the horrible
quarter, maybe I'll give an all
clear, but I am not giving you
an all clear now for SHLD*...
I didn't even go into it about
Eddie (Lampert, CEO)... but
whatever... who's my old
friend from Goldman Sachs...
I just don't think the company
is doing well, plain and simple.
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LOW |
24.32 |
na |
Lowe's (LOW)
See SHLD* comments above
for:
LOW
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M |
23.33 |
na |
Macy's
(M)
See SHLD* comments above
for:
M
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JCP |
39.86 |
na |
J. C. Penney (JCP)
See SHLD* comments above
for:
JCP
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KSS |
46.09 |
na |
Kohl's (KSS)
See SHLD* comments above
for:
KSS
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TLB |
7.43 |
na |
Talbots (TLB)
See SHLD* comments above
for:
TLB
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APOL |
46.02 |
na |
Apollo Group Inc. (APOL)
See SHLD* comments above
for:
APOL
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COST |
68.08 |
na |
Costco (COST)
See SHLD* comments above
for:
COST
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TJX |
31.49 |
na |
TJX (TJX)
See SHLD* comments above
for:
TJX
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WMT |
56.55 |
na |
Wal-Mart (WMT)
See SHLD* comments above
for:
WMT
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URBN |
31.72 |
na |
Urban Outfitters (URBN)
See SHLD* comments above
for:
URBN
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AAPL |
160.20 |
na |
Apple (AAPL)
AAPL - All right, here's
my stature on AAPL, since the
beginning of the year, is to be
a buyer of AAPL. Why?
Because, literally, this
conversation product... This
reminds me very much of iPods,
when my youngest daughter asked
me for a second iPod, because
it's more of a fashion
accessory.... This new Apple
Macintosh, with the Conversation
iChat is the most revolutionary
thing, and no one over the age
of 35 has a clue about it...
but anyone with teenagers knows
that this is on fire, and no one
is going to use any other...
This will be the only... this is
the defacto computer...
Okay, that's all the good news.
The bad news is that the stock
has run. This market seems
to be set up right now to be
able to sell on good news for a
couple of days. Why not do
this... the worst that happens
is you pay up to buy a little
AAPL, because it's up.
I don't want you to buy it ahead
of the quarter. That would
now be - after the 30-point move
- to be a little silly.
But, if you have to, why don't
you buy a quarter of it (your
core position)... buy a
quarter of it... If it
goes up, the worst that happens
is you make a quick 10 points.
There's my soliloquy on Apple.
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EXM |
43.08 |
na |
Excel Maritime (EXM)
EXM - Remember, no one
ever got poor taking a profit.
Why don't we do a little
schnitzel... and take some
off the table. Remember,
I've been recommending
Frontline Ltd. (FRO)...
that's been up too.
This whole bulk shipping
business is coming back, because
the world is actually doing
little bit better. I like
FRO. I want to take a
little schnitzel off of EXM, but
then let the rest run... they've
still got very good yields.
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FRO |
55.10 |
na |
Frontline Ltd. (FRO)
See EXM comments above for:
FRO
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XOM |
94.39 |
na |
Exxon Mobil (XOM)
XOM - I think XOM is
at a 52-week high, as of today.
There's nothing the matter with
taking a little profit in XOM.
However, it's hard for me to
find oils that I like more than
XOM, with the exception of
ConocoPhillips (COP*)
and, perhaps,
Occidental Petroleum Corp.
(OXY)...
And, by the way, if McCain wins,
I think that this is just THE
stock to own... But, you
know what? If you have
more than 20% of your holdings
in XOM or any other stock, right
now... I want to sell, sell,
sell... because that means you
be undiversified. That
said, XOM is pretty hard to
beat.
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COP* |
84.89 |
na |
ConocoPhillips (COP*)
See XOM comments above for:
COP*
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OXY |
86.06 |
na |
Occidental Petroleum Corp.
(OXY)
See XOM comments above for:
OXY
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CNX |
85.00 |
na |
CONSOL Energy Inc. (CNX)
CNX - (going from $80
to $120)... That would not shock
me... You've got to go and
listen to Steven Lear talk on
yesterday's
Arch Coal Inc. (ACI)
conference call.
There was an explosion in
pricing in coal, at the
beginning of the year, in
January. Now, I do not
know how much of CNX's coal
business was locked in, but I
know that ACI didn't have a lot
locked in, and the
re-adjustments for coal are
extraordinary. You've got
a winner. That stock was
down $3 today. You know
what? I typically don't do
this, but I would
pull the trigger right here, down
$3. That's my level of
conviction for coal. I
think one of the things that's
really amazing about coal is
that's got both bituminous, and
the really clean stuff... and
metallurgical... are on fire...
That's great for your stock.
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BRCM |
23.55 |
na |
Broadcom Corp. (BRCM)
BRCM - Hey skip...
listen to me... you're lucky.
I didn't like TXN - sell, sell,
sell... and I don't like BRCM.
I don't like the semiconductors,
other than
Intel (INTC).
Why is that? Because
they're up against
Advanced Micro Devices Inc.
(AMD),
and AMD is a faltering company.
You can have every other
semiconductor I'm selling to
you... and every other
semiconductor company I'm
selling to you... sell, sell,
sell... with the exception of
Applied Materials (AMAT),
because of that buildout of
solar.
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INTC |
21.99 |
na |
Intel (INTC)
See BRCM comments above for:
INTC
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TXN |
28.82 |
na |
Texas Instruments (TXN)
See BRCM comments above for:
TXN
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AMAT |
18.40 |
na |
Applied Materials (AMAT)
See BRCM comments above for:
AMAT
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AMD |
5.96 |
na |
Advanced Micro Devices Inc.
(AMD)
See BRCM comments above for:
AMD
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ICO |
8.93 |
na |
International Coal Group,
Inc. (ICO)
ICO - What are you, a
worst-of-breed guy? I
mean, you came up with the one
coal company I don't like.
I can give you
Arch Coal Inc. (ACI)...
I can give you
Peabody Energy Corp. (BTU)...
I can give you
CONSOL Energy Inc. (CNX)...
and you come with that one on my
show.
Ix-nay on that one...
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