MAD MONEY RECAP | LIGHTNING ROUND | Friday, 06/13/08

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	Friday, 06/13/08 Posted 06/15/08, 10:57 pm ET	(Scroll down to see Jim's comments below)



Today's date: Friday, 06/13/08

	Dow Jones:	12,307		+ 165
	NASDAQ:		2,454	+ 50
	S&P 500:		1,360	+ 13


■	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)

USB

30.83

US Bancorp (USB)

USB - You know what? I made a mistake earlier in the show... and now I have a chance to correct it... Someone asked me, if there are any regional banks that I'd recommend, and I said WFC... and, you know what?... I should have said USB... USB is an even better situation of all of them, with the possible exception of Wells Fargo (WFC), and I want to pull the trigger and buy USB for an oversold trading rally. I think it's the best one.

WFC

26.08

Wells Fargo (WFC)

See USB comments above for:
WFC

SQM

45.45

Chemical & Mining Co. of Chile (SQM)

SQM - Socidad Chemica rocks! It's got the right kind of stuff that goes into batteries. It's got lithium... They also have fertilizer, so is a win, and I want to buy some right here. Remember, we also think that Chile is a very capitalist-friendly country.

ABX

38.55

Barrick Gold Corp. (ABX)

(caller thanked Jim for Ken Fisher's book recommendation - shown below). Jim responded: Ken Fisher's book is the opposite of mine, but I always say, I can learn from everybody, and Ken is a great manager. He's a great manager and a great guy.

ABX - Not my favorite in the group. I would take Agnico-Eagle (AEM) as a better holding, because I think it's got faster growth, and the fastest-growth stock is one I've been buying endlessly for my charitable trust... which is Yamana (AUY*), which we first recommended at $6, then it went to $19. It's pulled back to $14. At $14, I want to pull the trigger multiple times... buy, buy, buy!... Triple buy!...

AEM

63.26

Agnico-Eagle Mines Ltd. (AEM)

See ABX comments above for:
AEM

AUY*

14.00

Yamana Gold Inc. (AUY*)

See ABX comments above for:
AUY*

OTTR

39.55

Otter Tail Corp. (OTTR)

OTTR - No, no...OTTR has got that DMI Division that does wind power. You don't want to get rid of that, have some horse sense. OTTR, event at $39 is a buy.

NOC

72.30

Northrop Grumman (NOC)

NOC - You've got to buy it. This is down, again, because everybody seems to think that Obama's a peacenik. There is nothing in his background that indicates that he is a peacenik. I want to buy NOC. It's a cheap stock, it's a well-run company...Mr. Sugar (CEO)...I feel very strongly that it's a buy, buy, buy right here...

EMC*

16.49

EMC (EMC*)

EMC* - It is unbelievably, poorly-acting...I own it for the trust...It's driving me crazy...I sat there today and said, oh man...we're going to have a tech rally off of the idea that the market is oversold...I said that yesterday off of QCOM...Nothing...So, why do i stick by it?...Because in six months, it can start selling VMware (VMW)...And VMW in the mid-$60s is when you add that plus the cash in EMC...You're basically paying about $7 bucks for EMC...which is ludicrously low...I still want to buy it...But it is very frustrating.

WGO

13.10

Winnebago Industries Inc. (WGO)

WGO - Winnebago? Man, WGO is just too hard to own, man...It just uses too much gasoline...I can't go there...It's funny like while I'm warming up to HOG...that it's the way to beat the rising costs of gasoline...but I can not touch a company...even though I saw a lot of great Winnebagos when I went to unbelievable Cramer-fave, NASCAR...I don't want to own the stock.

CPO

40.51

Corn Products International Inc. (CPO)

CPO - You know, I am tempted to ring the register there...it is going down in sympathy...no, no ring the register...sell, sell, sell...It's at $40 bucks...you should take your profit...I don't want to touch it.

HOT

46.80

Starwood Hotels & Resorts (HOT)

HOT - No, it's a hotel year and we're not in the hotel game with oil trading up with gasoline at $5 bucks...we're getting out of that game. People are cutting back on going to hotels...That is something they are definitely cutting back on...we're not going to touch it.

AKS

70.68

AK Steel Holding Corp. (AKS)

AKS - Can I just tell you...AKS, everyone thought when it went from $30 to $40 it was about to get taken over...I mean that's just ridiculous...the company is cheap...so is Reliance, Reliance Steel & Aluminum Co. (RS) is cheap...so is letter X, United States Steel Corp. (X)...John Surma (CEO)...we saw him when we were at Penn State. And finally, the cheapest of all is Nucor (NUE)...I want to own NUE.

68.91

Reliance Steel & Aluminum Co. (RS)

See AKS comments above for:
RS

174.61

United States Steel Corp. (X)

See AKS comments above for:
X

NUE

77.06

Nucor (NUE)

See AKS comments above for:
NUE

[ 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 >>

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