Wednesday, 04/23/08
Posted 04/24/08,  08:43 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 04/23/08

  Dow Jones: 12,763    + 43
  NASDAQ:   2,405    + 28
  S&P 500:   1,379    + 4
 
 
 
 
     

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)

STT

66.54

na

State Street Corp. (STT)

STT -  This was, I think, kind of guilt by association.  But you know on this show, we only like Hudson City Bancorp (HCBK) and JPMorgan Chase & Co (JPM) and, sometimes, Goldman Sachs (GS*).  Every other financial is... sell, sell, sell!   Particularly the monolines, which we know as being Ambac (ABK), MGIC Investment Corp. (MTG), MBIA Inc. (MBI), and PMI Group Inc. (PMI)... Sell, sell, sell!

HCBK

18.42

na

Hudson City Bancorp (HCBK)

See STT comments above for:
HCBK

JPM

45.15

na

JPMorgan Chase & Co (JPM)

See STT comments above for:
JPM

GS*

179.35

na

Goldman Sachs (GS*)

See STT comments above for:
GS*

ABK

45.15

na

Ambac (ABK)

See STT comments above for:
ABK

MTG

18.42

na

MGIC Investment Corp. (MTG)

See STT comments above for:
MTG

MBI

45.15

na

MBIA Inc. (MBI)

See STT comments above for:
MBI

PMI

18.42

na

PMI Group Inc. (PMI)

See STT comments above for:
PMI

RMBS

23.73

na

Rambus Inc. (RMBS)

RMBS -  It does have a great graphics chip, and I do think that's important.  And, by the way, shame on me... No sooner do I say I don't like the semiconductors, then Broadcom Corp. (BRCM) does its first good number in six years.  I think that NVIDIA Corporation (NVDA) and RMBS both have properties that I like, however, let me be very clear and say this... I can't go positive on tech, after one day, one good number...  RMBS is up nicely.  I actually think you should be thinking about selling a little RMBS.

NVDA

20.44

na

NVIDIA Corporation (NVDA)

See RMBS comments above for:
NVDA

SRE

57.50

na

Sempra Energy (SRE)

SRE -  This was a company that was spun off by Duke Energy (DUK)...  This was just a fantastic natural gas play.  Again, I have slighted this one, along with Questar Corp. (STR), along with Ultra Petroleum Corp. (UPL)...  I love this group!  The natural gas play lives, and SRE lives with it!

STR

63.03

na

Questar Corp. (STR)

See SRE comments above for:
STR

UPL

85.63

na

Ultra Petroleum Corp. (UPL)

See SRE comments above for:
UPL

TIN

11.92

na

Temple-Inland Inc. (TIN)

TIN -  You hold it!  This is a terrific... they've restructured the company.  Any little lift in the economy, TIN is going to be fabulous.  This is the company that Carl Icahn basically restructured and what's left is just so cheap, I wish I owned some myself!

PENN

39.62

na

Penn National Gaming (PENN)

PENN -  I'm worried that the deal for PENN won't close.  The only casino stocks that are doing well are the ones that are in Macau.  And that is because Macau announced that you can't build anymore in Macau.  PENN may not get the financing... and that is certainly contrary to what everybody is saying.  I am worried that you could still lose money... Sell, sell, sell!... It's down a lot and it ain't done.  I want you to go.

BUD

47.72

na

Anheuser-Busch Companies Inc. (BUD)

BUD -  No, no, no... It's good, but you know that we like Molson Coors Brewing Company (TAP), which is on fire, and we've been really right on.  I want you out of BUD.

TAP

56.00

na

Molson Coors Brewing Company (TAP)

See BUD comments above for:
TAP

ZOLT

26.43

na

Zoltek Companies Inc. (ZOLT)

ZOLT -  I played ZOLT... played it... caught the double... left it.  The last quarter, not that good.  I do like wind power, but I'm not going to get in behind that one... Don't buy, don't buy.  Inconsistent player... inconsistent.  I don't have room for it.

PM*

52.00

na

Philip Morris International (PM*)

PM* -  I have been buying both Altria (MO*) and PM* consistently for my charitable trust.  I like them both.  PM*'s got more growth and MO* has a bigger dividend.  Now let me explain something... this is important.  I have been criticized beyond belief in email for being an idiot for sticking with these two.  And, just today, PM* reported one of the most beautiful quarters... and I was thinking, c'mon guys... now email me and say you're sorry!

MO*

22.30

na

Altria (MO*)

See PM* comments above for:
MO*

FCTR

29.98

na

First Charter Corp. (FCTR)

FCTR -  To me, there's no real edge to it.  It's consulting.  I'm not real crazy about it.  I frankly think that, uh...  You know, it's not a bad company...  I see no reason to own the financials other than Hudson City Bancorp (HCBK) and JPMorgan Chase & Co (JPM) and I am warming up to the insurers after that huge Safeco Corp. (SAF) by Liberty Mutual...  Let's look at Chubb (CB)...

CB

51.26

na

Chubb (CB)

See FCTR comments above for:
CB

TRN

27.24

na

Trinity Industries Inc. (TRN)

TRN -  No, no, no...  We had Michael Ward yesterday, who's the CEO of CSX Corp. (CSX), which delivered a monster quarter... (buzzer sounds)... He's made us more money than anybody.  His stock has beaten 90% of the S&P 500... and, yet, there's a fight to get rid of him by some moron hedge fund, which is just ridiculous!  I feel that the railcar business is not a good business.  Now, Michael said good things about needing more railcars, but we looked at TRN to try to make money, and we couldn't do it, so we said thumbs down to TRN.  But thumbs up to CSX...

CSX

59.36

na

CSX Corp. (CSX)

See TRN comments for:  CSX

MCF

77.81

 

na

Contango Oil & Gas Co. (MCF)

MCF -  You've got a winner.  MCF is good...  I like natural gas stocks a lot.

       

[ 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 >>


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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.

 
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