Tuesday, 06/17/08
Posted 06/17/08,  08:47 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 06/17/08

  Dow Jones: 12,160   - 108
  NASDAQ:   2,457    - 17
  S&P 500:   1,350    -  9
 
 
 
 
     

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)

CPST

4.12

4.13

Capstone Turbine Corp. (CPST)

CPST -  You know I like speculation for 20% of your portfolio.  The stock hits a 52-week high of $4.12.  Have you ever made that money at the movies?... At the racetrack?...  When you go out to a restaurant?...  No.  This is the greatness of the market.  CPST has got mini turbines.  They're back.  They're right with these energy prices.  I want you to do this.  You are now playing with the house's money.  Bulls make money, bears make money, hogs get slaughtered.  If you cut the position in half, that's what you must do.  Sell half, and let the rest run.  Congratulations!

JRCC

54.54

54.50

James River Coal Co. (JRCC)

JRCC -  Now here's where my disciplines cross...  I am so bullish on JRCC... I remain bullish on ACI... You know I like BTU...  JRCC is great.  Here's the problem... What do you have?... Like a triple in that!  I need you to remember that bulls make money, bears make money, and hogs get slaughtered.  You too must take off at least a third of that position... Why not half, like I told (the previous caller)?... Because Capstone (CPST) is speculative.  JRCC isn't.  You take off one third... we go up again, you take off another third... and then you play with the house's money.  Congratulations.  Once again, I remind people... listen to these callers... listen to the amount of money they are making, and you too - if you do your homework - can make that kind of money.  Let's get involved in the stock market...

APOG

23.47

23.40

Apogee Enterprises Inc. (APOG)

APOG -  The earnings could be problematic, because they've got the automotive business, but I do believe that this company has superior technology, and I do believe that it's a buy.  Now, it's not an aggressive buy, like I would tell you, if it were one of the natural gas companies.  This is a nice, steady long-term...  we've got to keep checking in... but I'm not backing away.  I think APOG's good.  I think it's good.

WMT*

58.69

58.20

Wal-Mart (WMT*)

WMT* -  WMT* happens to be a stock I own for my charitable trust... I think that WMT* is so good, at $58, that I cannot have you sell it.  WMT*, TJX (TJX), Costco (COST), and Urban Outfitters (URBN) are all working.  I see WMT* going to $63.  I do like Bristol-Myers Squibb Co. (BMY)'s yield.  I do think they'd sell themselves before they let that company go down the drain...  But I cannot have you sell WMT*.  It is too good.

TJX

32.54

32.28

TJX (TJX)

See WMT* comments above for:
TJX

COST

69.93

69.60

Costco (COST)

See WMT* comments above for:
COST

URBN

33.79

33.70

Urban Outfitters (URBN)

See WMT* comments above for:
URBN

BMY

20.03

19.94

Bristol-Myers Squibb Co. (BMY)

See WMT* comments above for:
BMY

NOG

14.14

14.65

Northern Oil and Gas, Inc. (NOG)

NOG -  I happen to be with Chris Matthews, my friend from Philadelphia.  He just came back from North Dakota.  He was telling me about the oil and gas situation and how it's booming.  I then pulled the files and, sure enough, you've got a great one in NOG.  Now, just to be clear, Continental Resources Inc. (CLR) is better than your one... but CLR has now tripled, and yours hasn't yet.  I want you to own it, I want you to stick with it...

CLR

73.30

74.62

Continental Resources Inc. (CLR)

See NOG comments above for:
CLR

NT

10.21

10.19

Nortel Networks Corp. (NT)

NT -  No, no, no...  You've got a great opportunity (to sell)... They claim that they're getting focused and doing stuff... Sell, sell, sell...  You know what... great.  Take the money and run.  Be like Steve Miller... That's a Steve Miller stock.

CXO

39.89

40.56

Concho Resources, Inc. (CXO)

CXO -  You know, when that was brought out, I wanted to recommend it... but how many oil and gas plays can I recommend? You've got a winner... That is a terrific situation... CXO...  (buzzer sounds)...  There are so many great oil and gas companies, and people say, well Jim, why don't you recommend Citigroup (C)?...  Or Jim, isn't it time to pull the trigger on Wachovia (WB)?...  Or, Jim, how about Washington Mutual (WM), at $6?...  No.  Those have no value.  The natural gas and oil plays have value.  I salute our listeners for continuing to bring us names like WT and CXO.  Those are terrific.

C

20.46

20.13

Citigroup (C)

See CXO comments above for:
C

WB

17.16

16.76

Wachovia (WB)

See CXO comments above for:
WB

WM

6.22

6.14

Washington Mutual (WM)

See CXO comments above for:
WM

DOW

38.90

38.77

Dow Chemical Co. (DOW)

DOW -  I like the yield.  I recommended the stock at $36.  It's got a bountiful yield.  Here's the problem... They are the largest buyer of natural gas in the world... I am not kidding.  And, because of that, I can't ask you to buy anymore here.  Don't buy, don't buy...  If it goes back to a 4.5% yield, we'll recommend it again, but they need natural gas lower, and all the other stocks we talk about on the show need natural gas higher.  It's actually an interesting hedge to the other stocks.  That might be an interesting idea.

GW

9.31

9.22

Grey Wolf Inc. (GW)

GW -  GW is played out.  We liked that stock at $6.  Now we've got it at $9.  We've got a takeover going.  We are not arbitragers...  Sell, sell, sell...  You've got to find the next GW.  GW is done.  Take the profits.  Take the money and run... another Steve Miller song... 

       

[ 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.

 

 

   
   
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