Monday, 06/16/08
Posted 06/16/08,  11:11 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 06/16/08

  Dow Jones: 12,269    - 38
  NASDAQ:   2,474    +20
  S&P 500:   1,360    + 0
 
 
 
 
     

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)

OII

78.67

79.41

Oceaneering International, Inc. (OII)

OII -  I think Oceaneering is the secret to being able to drill deep... they had a fabulous business after Katrina, that's where I first learned it... Secondly, I saw it from Investor's Business Daily... I'd like to buy that stock on any dip... As I do and the same thing with FMC Technologies (FTI)... You have a winner! You have a winner with OII... May I throw in a third besides FMC and OII?... I'm throwing in Core Labs (CLB)? These are all core growth positions, and when I talk about how we have the greatest oil technology in the world, I am speaking of OII... And I am speaking of "let our drilling begin"...

FTI

76.38

76.83

FMC Technologies, Inc. (FTI)

See OII comments above for:
FTI

CLB

141.02

140.12

Core Laboratories NV (CLB)

See OII comments above for:
CLB

CALM

30.91

31.00

Cal-Maine Foods Inc. (CALM)

CALM -  I don't think so... No, I don't like it... Most anything in the Food Group I don't like... Now this is an egg play... and we know that egg is the only place to get really good protein... but it's a commodity play... no thanks... the only food company that I'm really pressuring to go higher here is Heinz (HNZ) because they already made their quarter... everybody else is a suspect.

HNZ

50.39

50.48

Heinz (HNZ)

See CALM comments above for:
HNZ

 

       

HNI

20.69

20.83

HNI Corp. (HNI)

HNI -  Yes, but remember this is still a furniture play it's Hon. like Herman Miller... I can't get behind a furniture play... I can't get behind a cabinet play like Basco... I'm having a hard time getting behind a faucet play by Fortune Brass... Everything in a house is ix-nay right here. I want you to be careful with HNI... I don't like it... I don't like it.

TER

11.70

11.84

Teradyne Inc. (TER)

TER -   Semiconductor equipment... I cannot be bullish on that...I will throw in that I don't like LAM Research Corp. (LRCX)... I don't like KLA-Tencor Corp. (KLAC)... I don't like Seimer(?)... I don't like that group... Wall Street is always trying to get behind that group... Wall Street is so bullish in that group... Wall Street is wrong!  I like Applied Materials (AMAT) only because they have a solar division... that's the only one in that whole segment that I'm willing to endorse. TER... well I do like Agilent (A)...when it comes to semi-conductor test equipment.

LRCX

38.21

38.37

LAM Research Corp. (LRCX)

See TER comments above for:
LRCX

KLAC

42.78

42.75

KLA-Tencor Corp. (KLAC)

See TER comments above for:
KLAC

AMAT

20.79

20.68

Applied Materials (AMAT)

See TER comments above for:
AMAT

A

37.35

37.35

Agilent Technologies Inc. (A)

See TER comments above for:
A

ALD

16.88

16.91

Allied Capital Corporation (ALD)

ALD -  Oh, jeez...you know... when you touch a stock like ALD, you are dealing with one of the most risky securities in the world. You got everything going against you. Think about what you got, okay?...You have mezzanine financing of debt that you don't even know how the companies are doing even though you've got established management, it is still a financial... you know I am not recommending any financials on this show with the possible exception of US Bancorp (USB)... maybe Wells Fargo (WFC)... but don't pin me down on that... Yours is still not too late to sell... And you know what?... a lot of the journalists have been after this one for a long time and I think they're going to be right.  Sell, sell, sell!

USB

31.38

31.60

US Bancorp (USB)

See ALD comments above for:
USB

WFC

26.38

26.74

Wells Fargo (WFC)

See ALD comments above for:
WFC

AAPL

176.84

178.17

Apple (AAPL)

AAPL -  Alright, I want you to sell three-quarters of your position if you have not sold any... why?... because frankly, the trade's been done and until we see some real data... we got BY this thing at $120.  It got to $185... I said sell a quarter before the day of the iPhone, half the day of the iPhone, and let the rest run. You are in that phase right now when you're going to give back too much money and I don't want you to do that... I want you to sell three-quarters of the position.

ARAY

8.47

8.40

Accuray Incorporated (ARAY)

ARAY -  We don't like ARAY... It's a poor man's Intuitive Surgical (ISRG)... and by the way, we don't like ISRG either... That stock ran too much... (buzzer sounds)...
Hey, I'm cracking the whip... sell, sell, sell.

ISRG

280.50

280.35

Intuitive Surgical Inc. (ISRG)

See ARAY comments above for:
ISRG

 

       

SNE

49.36

49.60

Sony (SNE)

SNE -  Do you know what? I am going to come out four-square for SNE... Why?... because I think the Yen is going down versus the dollar - doesn't take a genius to know which way the wind blows... that's been happening... and I think that Japan is becoming more competitive again... I want to own SNE...break up value?... probably $60 bucks... I want you to hold on to SNE... I maybe even want you to buy some SNE.

V

83.27

84.10

Visa Inc. (V)

V -  Oh yes, I like V very much... I like
Mastercard (MA) even more... I've got to go on record for that... but these are the two stocks that are not credit risks, they have consumer spend and really a great secular change on going from paper to plastic... You've got a winner in V... Those who are buying MasterCard, you are still right... Everybody else... please, if you're buying anything involving retail or bank... see me first, and I won't let you do it.

MA

294.47

299.59

Mastercard (MA)

See V comments above for:
MA

       

[ 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.

 
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Fast Money Recap - Trades for next day...

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

 

 

   
   
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