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Wednesday, 06/11/08
Posted 06/11/08, 10:45
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 06/11/08 |
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Dow Jones: |
12,083 |
- 205 |
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NASDAQ: |
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2,394 |
- 54 |
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S&P 500: |
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1,335 |
- 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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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 |
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!
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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.
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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).
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BUD |
58.35 |
62.70 |
Anheuser-Busch (BUD)
See TAP comments above for:
BUD
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MO* |
20.72 |
20.85 |
Altria (MO*)
See TAP comments above for:
MO*
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SAM |
39.73 |
40.27 |
Boston Beer Co. Inc. (SAM)
See TAP comments above for:
SAM
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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!
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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.
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COST |
68.87 |
69.60 |
Costco (COST)
See HD comments above for:
COST
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WMT* |
58.52 |
58.92 |
Wal-Mart (WMT*)
See HD comments above for:
WMT*
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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.
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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.
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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.
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FSLR |
253.19 |
261.28 |
First Solar (FSLR)
See TSL comments above for:
FSLR
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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.
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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.
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[
end of lightning round ] |
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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: |
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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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