Thursday, 05/29/08
Posted 05/29/08,  10:50 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 05/29/08

  Dow Jones: 12,646  +  52
  NASDAQ:   2,508   + 21
  S&P 500:   1,398   +  7
 
 
 
 
     

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)

RIG

152.08

na

Transocean Inc. (RIG)

RIG -  First, Transocean has the biggest number of rigs.  They're trying to tie up all of the Transocean rigs.  Be careful.  The stock jumped up 15 points from that Petroban news.  So now, it's come back down.  You know we like RIG.  We've been liking RIG since $70.  It's been one of the biggest wins we've had in Cramerica.  The second one is one I've been buying, and buying somewhat aggressively, for my charitable trust...  another name we like... We liked it at $70.  It then went up and split...  It's now at $80.  That's National Oilwell Varco (NOV*), the largest maker of rigs.  The government should never have allowed National Oil Varco to merge with Prideco... because they basically have a monopoly... that's right, a monopoly...  The answer is... NOV* is probably my best pick... and I was salivating that it would go under $80, so I could pull the trigger and buy more.

NOV*

80.88

na

National Oilwell Varco (NOV*)

See RIG comments above for:
NOV*

Price target to buy:  Under $80.00

HOG

40.52

na

Harley-Davidson, Inc. (HOG)

HOG -  Here's my take... I think Harley-Davidson has been hit and hit and hit off of a weak consumer... and, you know what?... I see it stabilizing... I see that this stock has flatlined at $40 long enough for me to think that it's a floor.  Pretty soon, I'm actually going to pull the trigger and recommend HOG again, because it is a great American brand name, with a weak dollar that people like, so I'm still in 'don't buy' camp... but, boy am I ever warming up to that one... 

UMBF

52.43

na

UMB Financial Corp. (UMBF)

UMBF -  You know, maybe it's because it's got consulting... maybe it's because it's got other things just besides straight banking... (buzzer sounds)...  This thing sells at twice book (value).  Almost no financials sell at twice book.  This thing is one of the few regional banks... I want to be very clear... This one may be as good as Hudson City Bancorp (HCBK).  I don't know it well enough, other than to say that it's done great, and it is just one of the few bank stocks that's done well, and I thank you for bringing it to my attention.

HOLX

24.25

na

Hologic Inc. (HOLX)

HOLX -  I think they're getting their arms around what went wrong...  I would welcome HOLX's management back on (the show).  They were on for a bunch of good quarters.  Then we had that really bad quarter, where we saw that the Scitek merger apparently is not working out that well.  That gave me cold feet.  It reminds me very much of the Inverness Medical (IMA) merger...  I didn't count on either of these mergers not going well.  HOLX seems to be getting its arms around it.  I am in the 'don't buy' camp until the CEO comes on, and we can be sure that the "all clear" can be sounded.  Otherwise, we need to see the next quarter, and I would encourage you not to build that position.  It's too dicey.

VSE

6.94

na

Verasun Energy, Corp. (VSE)

VSE -  Oh boy... Oh man... I hate to be this negative.  May I just say that that was one of the crop of stocks that took advantage of the craze that was ethanol, that I don't think is coming back... that I want to just say that I think you should sell...  Sell, sell, sell!...

       

[ 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 >>
   
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.

 
  FastMoneyRecap:   This site will be a quick summary of recommendations made by the great Fast Money TV show crew, that will offer you a unique service, to compare their picks to Jim Cramer's past comments about those stocks.

Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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