Wednesday, 06/11/08
Posted 06/11/08,  10:45 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 06/11/08

  Dow Jones: 12,083  - 205
  NASDAQ:   2,394   - 54
  S&P 500:   1,335   - 22
 
 
 
 
     

Stock Snapshots - Includes all stocks from callers' questions

     
After this segment, you can see Jim's Closing Segment picks here...

 

 



See all of tonight's stocks' latest quotes on Yahoo! Finance



Most popular
investing books ordered:
(click any book to see at Amazon.com)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 


 

 

 

 

 


We need your help!
If you find our service valuable, your donation is critically helpful to support
our operating costs and is MUCH appreciated!
(click below to donate)

We are serving thousands of new visitors every day and our costs are growing as well.  Thank you for your support & generosity!


 

 

 

 

 

 

 

 

 

 
 

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)

CSX

63.60

63.80

CSX Corp. (CSX)

CSX -  First of all, it's run by the unbelievably-fabulous Michael Ward, whom I praise.  It then caught one of the greatest runs ever.  I actually mention him in
this book.  The stock is up something like 100%, since I wrote it.  The hedge funds that are trying to get rid of Michael... they have the duplicity to say, we like Michael.  Give me a break... they are attacking him directly.  This is the finest performing railroad of the railroads.  It's one of the best-performing stocks in the S&P.  These guys... these hedge fund guys... I've got to tell you, not only am I with Michael Ward, but I genuinely believe... I think they're jerks!  There are so many crummy managers out there... There is Kerry Killinger, from Washington Mutual (WM) and there's the destroyers of value like Marty Sullivan at AlG (AIG)... the clown who runs McClatchy (MNI), for heaven's sake.  Go after somebody who stinks!  Go after somebody who doesn't know what the heck he's doing!  Don't go after one of the best guys...  I can't recommend the stock, because, if they fail, they'll blow the stock out.  But... Michael Ward is one of the best CEOs in the country, in a world, where I've got at least a dozen that I'd fire tomorrow.  That hedge fund should just drop it... drop it and let Michael Ward run that railroad!

RBS

4.30

4.35

ROYAL BANK OF SCOTLAND (RBS)

RBS -  What do I think about RBS a couple of years out?...  I wouldn't touch this thing with a 10-foot pole.  I mean, this is just one more financial that I don't like.  It did manage to raise some money, but on the backs of all the worthwhile and faithful shareholders.  There's nothing here, my friend.  There's nothing here...  Sell, sell, sell!  I do not want to own RBS.

TAP

56.62

57.33

Molson Coors Brewing Company (TAP)

TAP -  This is very controversial for me.  I earlier praised David Faber for nailing Anheuser-Busch (BUD).  There was a day when I came out and said I wanted to sell BUD, and buy TAP.  Until this unsolicited bid, I was looking pretty good.  I got a bunch of mean emails saying, Jim, you're going to be dead wrong on BUD.  I was dead wrong that BUD should be sold, but I've been dead right about TAP all the way, and I want to stick with TAP... I think TAP's a winner.  By the way, if you want to play that SAB Miller - which is Miller Brewing - remember that Altria (MO*), which I own for my charitable trust... has a stake in SAB Miller, and I think will be re-valued up, along with TAP, tomorrow when they we take a look at the InBev bid.  I like them all... I like all of the beer stocks, except for Samuel Adams (i.e., Boston Beer Co. Inc. (SAM).

BUD

58.35

62.70

Anheuser-Busch (BUD)

See TAP comments above for:
BUD

MO*

20.72

20.85

Altria (MO*)

See TAP comments above for:
MO*

SAM

39.73

40.27

Boston Beer Co. Inc. (SAM)

See TAP comments above for:
SAM

WM

6.06

6.19

Washington Mutual (WM)

WM -  I know many people are playing WM in the CNBC stock contest.  They're playing a lot of the low-dollar stocks... WM is one of the worst-run companies I have ever seen in my whole life, and they have left that company in the hands of
Kerry Killinger, and it is an outrage... and my prediction is that I cannot say what will happen to WM, because I don't want to get in trouble... and that is one of the few admissions where I have ever said I am worried about getting in trouble, because it does not help me to say what I think is going to happen there.  But I can say I do not want to own WM... Sell, sell, sell!  They have got to get rid... they have to have a house cleaning... a new broom should go over WM!

HD

25.91

26.04

Home Depot (HD)

HD -  Oh boy... we have a series of just very tough calls from this Lightning Round, where I really want to be a little more bullish than I have...  No.  I don't want you to buy HD.  I just don't see any upside in any of the retailers, with the exception of Costco (COST) and Wal-Mart (WMT*).  I just can't recommend any of these stocks... I can't.  And I can't tell you to buy HD, just because you own it.  I do not want to own HD... sell, sell, sell!... and I don't want you buying any more.

COST

68.87

69.60

Costco (COST)

See HD comments above for:
COST

WMT*

58.52

58.92

Wal-Mart (WMT*)

See HD comments above for:
WMT*

ONXX

32.61

32.91

Onyx Pharmaceuticals Inc. (ONXX)

ONXX -  Let's forget Nexavar, because my focus here is on ONXX...  I already stumbled on ONXX.  I liked it.  I thought that its big drug would have many more uses.  It didn't.  Then we had to recommend that we get rid of ONXX.  If there's something that's going to come in that is going to knock it off, everything's going to get knocked down... so no, don't touch it.

HCBK

16.09

16.26

Hudson City Bancorp (HCBK)

HCBK -  I do not think it's a buyout candidate.  It trades at a very high price to book (value).  I have to tell you, I'm going to reiterate... I am recommending no financials.  I recommended HCBK.  It had a dramatic run.  I cannot recommend a single financial.  They are all being brought down by a tremendous amount of difficulty in home equity loans.  HCBK's got a much better balance sheet than the other guys, but the whole cohort is being pulled down.  I am bearish, and have not recommended any bank stock, other than HCBK, and I don't even know if I want to buy HCBK, at $16, right now.  That's how bad that group is.

TSL

37.95

38.46

Trina Solar Ltd. (TSL)

TSL -  It's a Chinese solar play... Boy, someone better call with something I like here!...  I have been very, very negative on all the solar stocks, with the exception of First Solar (FSLR), and then I had to leave FSLR, because of the gigantic insider selling.  I like wind power and I like natural gas... (buzzer sounds)... and I am not touching any of these solar stocks.  I just don't like their models, except for FSLR.  A very negative article about FSLR, in today's Wall Street Journal, and the stock went up.  It makes me feel that there have been a lot of people who are too negative about FSLR, but I can't recommend any of these stocks.  They're just too dangerous.

FSLR

253.19

261.28

First Solar (FSLR)

See TSL comments above for:
FSLR

ICE

117.12

118.26

InterContinental Exchange, Inc. (ICE)

ICE -  All right, every single financial exchange is trading down.  ICE is no different.  We recommended it at Georgia Tech in September.  We caught about 25 points, and then the stock has traded down.  Once again, it is difficult for me to get behind these.  They are trapped, because they are financials.  I cannot get behind them right here... don't buy, don't buy... not until the morass has ended, and not until the Federal Reserve or the Treasury Secretary realize that we are far more trouble... and they did know, they did know it.  They graduated to knowing things with Bear Stearns (BSC), and they've reverted again to knowing nothing.  I can't recommend it... I can't recommend any financials.

ENER

64.24

64.51

Energy Conversion Devices (ENER)

ENER -  That's battery technology.  You know what?  This reminds me of Continental Resources Inc. (CLR).  I knew this was good... I had friends who told me this was good.  I did all the work on it...  It then got ahead of me.  And I should have recommended it.  That is one good alternative energy stock!  I missed it.  My bad.

       

[ 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.

 

 

   
   
  © 2005-2007 MadMoneyRecap.com ■ Important disclaimer: This site is not affiliated with Mr. James Cramer, and is not associated with any television networks or broadcasts. Please note that all thumbs up or thumbs down indicators are not always clearly indicated on the show and are interpreted by us as accurately as possible. Some comments have been edited for brevity and clarity, and extraneous material omitted.  Please rely on watching the show yourself, doing your own homework, and reading the text of the comments to draw your own conclusions. Also, data presented on this site should not be used to make investment decisions and accuracy, although attempted, cannot be guaranteed.  Please consult with your own financial advisor for professional advice.
   
 
 

 

 
       

Feedback   ■   Terms of use   ■   Privacy Policy  ■   Keep this site Free