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Wednesday, 05/21/08
Posted 05/21/08, 8:43
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 05/21/08 |
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Dow Jones: |
12,601 |
- 227 |
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NASDAQ: |
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2,448 |
- 43 |
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S&P 500: |
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1,390 |
-
22 |
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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
investing books ordered:
(click any book to see at
Amazon.com) |
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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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CSX |
68.85 |
na |
CSX Corp. (CSX)
CSX - 52-week high on
a down-200 day... and that's
because - like I said in
Stay Mad For Life
- "he's a
CEO who makes money and is worth
getting behind." A $69
stock. The stock was at
$30 then... I'd like a little
pullback. I'd like that
hedge fund that's trying to fire
him to get out of the picture.
CSX remains my favorite rail.
A lot of agricultural exposure
there. If autos ever came
back, that stock goes to
par,
which is genuine
Wall Street jibberish for $100.
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USU |
6.42 |
na |
USEC Inc. (USU)
USU - Man, I've got to
tell you... that is not a
stonewall play... That company
is a uranium company of dubious
distinction. The only
uranium company I've ever
recommended on this show - and
I'm not doing it right now - is
Cameco Corp. (CCJ)...
You know what that reminds me
of... just because a stock is
only just worth a few smackers
(i.e., under $10) doesn't mean
that it's worth speculating
on... Bearish!
Bearish! Don't touch it.
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CCJ |
41.09 |
na |
Cameco Corp. (CCJ)
See USU comments above for:
CCJ
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MMR |
32.89 |
na |
McMoRan Exploration Co. (MMR)
MMR - Bulls make
money, bears make money, hogs
get slaughtered... So, here's
the issue. The stock has
had a double. We
recommended it on insider
buying, between $15 and $18.
It's now gone all the way to
$32. If I were to tell you
not to take money off the table,
I would be reckless and
confused. I am neither.
Ring the register on
one-quarter of your
position. Let the rest run.
It is the year of natural gas,
but I also know when I've been
too greedy... and you and I have
been too greedy on MMR.
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SLE |
13.55 |
na |
Sara Lee Corp. (SLE)
SLE - Cramer doesn't
like Sara Lee... I don't
like management... I don't
like the way the earnings have
progressed... I don't like the
stock. I've got nothing
good to say about SLE.
They know nothing at SLE.
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CLF |
92.99 |
na |
Cleveland-Cliffs Inc. (CLF)
CLF - All right, this
stock has doubled since we've
been recommending it in
Cramerica, so it's a very tough
call. The other day, I saw
it at $90, and I said to
myself... has that stock done
nothing? No, it just
doubled and then split.
Here's the problem... When a
stock has doubled like that, I'm
always afraid to tell people I
like it as much as I did when it
was at $40. I can't do
that. That violates my pig
rule... However, it is the
only standalone iron company
that is still left to be
acquired. Let's do this...
The market is choppy. If
CLF pulls back... it's not a big
company... We buy it in
the mid-$70s, we buy it in the
low-$80s... then I'd feel
better.
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JWN |
35.31 |
na |
Nordstrom Inc. (JWN)
JWN - Here's a tough
one... Why? Because I
really bought a fabulous outfit
not that long ago at
Nordstrom's... a terrific
tuxedo, with a great tie, great
cumber bun... but I don't
want the stock. Hey, great
place to shop...
(buzzer sounds)... No, I
don't want to own that stock.
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CCK |
28.31 |
na |
Crown Holdings Inc. (CCK)
CCK - Very tough.
The stock has had a huge run.
I like Sonoco (SON)
in terms of containers...
I like Bemis (BMS)
more... because CCK seems to
have had too much of a run...
Don't buy, dont' buy...
I'm going to say don't buy.
It's too high for me.
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SON |
32.44 |
na |
Sonoco Products Co. (SON)
See CCK comments above for:
SON
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BMS |
25.85 |
na |
Bemis Co. Inc. (BMS)
See CCK comments above for:
BMS
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SYMC |
20.53 |
na |
Symantec (SYMC)
SYMC - Classical tech.
It's had a big run. I don't like
it here. I don't want to
recommend it. Sell, sell,
sell! I see nothing that
makes me want to buy SYMC right
now. I am, however,
looking at
Hewlett-Packard (HPQ)
under $45, because I think Mark
Hurd (CEO) is going to make
something out of (HPQ's
acquisition of) EDS, but I'm not
yet ready to
pull the trigger...
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HPQ |
44.80 |
na |
Hewlett-Packard (HPQ)
See SYMC comments above for:
HPQ
Price target to buy: Under
$45.00
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[
end of lightning round ] |
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After this segment,
you can see Jim's
Closing Segment picks
here...
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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: |
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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 >> |
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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. |
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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. |
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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. |
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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. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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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... |
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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. |
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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). |
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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. |
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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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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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FastMoneyRecap:< | | | | | |
