Thursday, 06/12/08
Posted 06/12/08,  09:08 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 06/12/08

  Dow Jones: 12,141  + 57
  NASDAQ:   2,404  + 10
  S&P 500:   1,339   + 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)

BMY

19.67

na

Bristol-Myers Squibb Co. (BMY)

BMY -  Another one they're giving away!  And with a 5% yield, and a great pipeline, and not problems with generics for another couple of years...  I don't understand, America... When you can buy BMY or Merck (MRK), and I don't like Pfizer (PFE)...  It's not every drug stock that I like...  When you can buy a BMY or a MRK, and get a 4% yield, and a 5% yield, on a crystal-clear balance sheet, and some great drugs in the pipeline, I say you've got to buy it... I say you've got to pull the trigger... I do not think you'll make money between now and the election.  After the election is over, you're going to make as much money as I did in 1992, when Clinton was bashing the drug stocks, and then they had their historic run, when you got in.

MRK

35.40

na

Merck (MRK)

See BMY comments above for:
MRK

PFE

17.73

na

Pfizer (PFE)

See BMY comments above for:
PFE

CFX

23.02

na

Colfax Corporation (CFX)

CFX -  This is fluid handling... fluid handling, I like... and this company is one of the newer companies that is part of my "new technology" names.  The symbol for people is CFX... I think they should do the work...  You know how I feel about "new technology"...  actually solving mankind's problems with different processing techniques, of which CFX is part of it.

CMED

39.28

na

China Medical Technologies (CMED)

CMED -  You know, CMED today had a great quarter today, and I felt bad... I made a lot of money for people in CMED.  We recommended it... it went up... and then we took it off the buy list, and quite frankly, I forgot about it, because I am not interested in recommending any communist Chinese stocks right now, and CMED is one of them.  I am not tempted by any stock in China.  I am going to miss some, like I just missed CMED... But I don't care.  Don't buy, dont' buy...

CBI

40.97

na

Chicago Bridge & Iron (CBI)

CBI -  Of all the ones you just mentioned... that was the one that really blew the quarter.  They did a bad job.  You can't go with that one.  I know it looks cheapest.  It's down on its luck.  It looks like it's got to be the buy... Every one of those that you mentioned (i.e., Jacobs (JEC), Foster Wheeler (FWLT*), Shaw Group (SGR), Fluor Corporation (FLR) and CBI)... Every single one, because they're delivering consistent earnings, and these guys didn't.  I really am begging CBI.  All the others are doing good.  Don't buy the runt of the infrastructure litter!

JEC

86.00

na

Jacobs Engineering Group, Inc. (JEC)

See CBI comments above for:
JEC

FWLT*

70.82

na

Foster Wheeler (FWLT*)

See CBI comments above for:
FWLT*

SGR

62.10

na

Shaw Group Inc. (SGR)

See CBI comments above for:
SGR

FLR

177.67

na

Fluor Corporation (FLR)

See CBI comments above for:
FLR

IP

24.73

na

International Paper (IP)

IP -  Yes... sell.  I think management there has systematically let people down... Sell, sell, sell!... for multiple years... I do not feel there's a lot of upside... (buzzer sounds)... IP was a great American company, and it has just consistently failed to deliver.  They always come on TV too...  Hey, memo to International Paper... Stop coming on TV until you get your act together...  It's like embarrassing.  Just stay at home.  No one's going to get mad at you...  Spare yourself the embarrassment.

XOM

87.06

na

Exxon Mobil (XOM)

XOM -  This is a confluence disciplines.  I like XOM and I like oil and gas... so I'm bullish on the stock...  If all you own is XOM, it doesn't matter how great XOM is.  You've got to diversify.  I would like you to cut back that position and not put new money in it.  So diversification trumps any sort of stock appreciation that I think you'll be getting from any individual stock.  That said, XOM is a great company, and oil and gas is going higher.  So stick with XOM... pare it back if it's the only one you have.

       

[ 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...