Wednesday, 06/18/08
Posted 06/18/08,  11:41 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 06/18/08

  Dow Jones: 12,029   - 131
  NASDAQ:   2,429    - 28
  S&P 500:   1,337    - 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)

PX

97.44

97.80

Praxair Inc. (PX)

PX -  (Caller asked about it as a play on hydrogen as the new environmentally-favored fuel)...  I love that as a reason to own Air Products (APD) and I love that as a reason to own PX.  I love it as a reason to own Airgas (ARG).  It is too, unfortunately, pie in the sky... The answer is the here and now.  The gas business is on fire, because of infrastructure and because of the need for manufacturing.  And all three of those, including and especially I would say APD, but yours is absolutely great.  I would buy any of those.  They have been stocks we have been recommending for multiple years.  People don't understand how good their businesses are, and we reiterate buy, right here, right now, ARG, APD and PX.

APD

103.14

103.16

Air Products & Chemicals Inc. (APD)

See PX comments above for:
APD

ARG

62.36

62.22

Airgas Inc. (ARG)

See PX comments above for:
ARG

BDK*

58.09

58.36

Black & Decker (BDK*)

BDK* -  All right, I pulled the trigger just today... and bought some more BDK* for my charitable trust...  Am I just a guy who likes to get whipped?... Am I a guy who likes a beating?  No.  I am a guy who says not every stock goes up at once, and I have to prepare myself for the inevitable one day, recognizing that the (problem with) housing prices will be over, and I have nothing in my charitable trust that has anything to do with housing, except for BDK*.  It almost yields 3%.  It's got a crystal-clear balance sheet.  It's only a $3.5 billion company.  When you see that kind of valuation, and you recognize that the Euro has gone up so much, that a European company would be a darn fool not to buy it at the equivalent of $2.5 billion, if you factor out the currency...  And I say to myself, okay... $3 down, and $20 up (i.e., risk/reward), and I am willing to take those consequences!  We may look back at BDK* one day and say, "that was easy"... but it sure doesn't feel like that now.

APWR

29.29

30.00

A-Power Energy Generation (APWR)

APWR -  APWR is a monster...  Now, this is a stock that I have been loathe to recommend, but everyone knows that I've been recommending these wind power stocks.  This is an alternative energy play from China.  Now, China's in a bear market, but I've been saying to people... that this one's a winner.  I think you did the right thing, though.  I think you take a little profit, because bulls make money, bears make money, and hogs get slaughtered.  That said, I want to own this, and wind power, by the way, a great article in the Financial Times... great article in Investor's Business Daily... I recommend both articles to people who want to understand the wind story.  The wind story is fabulous and getting better and better and better.

KMB

62.10

62.04

Kimberly-Clark Corp. (KMB)

KMB -  Listen... a diaper is largely polypropylene... it's all the polys... there's so much oil in that darn thing.  Now here's the problem... With KMB, at $62, you say, hold it, why don't I want to buy that great brand name, with almost a 4% yield, a clean balance sheet and good brands?  And the answer is, it's got too much oil.  If you want to own diapers, I'll recommend Procter & Gamble (PG), because at least that has diversification, but I will tell you right now, as long as oil goes up, KMB will not go up.  The same with Clorox (CLX).  It worries me.  They worry me.

PG

65.00

64.95

Procter & Gamble (PG)

See KMB comments above for:
PG

CLX

53.31

53.09

Clorox Co. (CLX)

See KMB comments above for:
CLX

YRCW

17.68

17.81

YRC Worldwide Inc. (YRCW)

YRCW -  Here's the deal...  I think that Bill Zollars (CEO) has finally pulled it off.  He's delivered a great quarter.  I think it's the first of many good quarters.  I congratulate him.  The stock's been in a funk for about 30 points, and I think it's starting to rally... and I would pull the trigger on YRCW... (buzzer sounds)...  It's a big international company now.  We saw what happened with FedEx (FDX) and, because of FDX, that stock wasn't up too.  I think it will be up too.  I recommend that stock.

GRMN

43.09

43.45

Garmin Ltd. (GRMN)

GRMN -  No!  Man, that's a commodity!  I have been recommending to sell that stock since the Christmas holidays and I reiterate that there's nothing there.  Everybody can make global positioning stuff... I could make it in my kitchen!  Sell, sell, sell!

SLT

18.77

18.97

Sterlite Industries India Ltd. (SLT)

SLT -  An Indian company that does minerals... trying to get involved via Sarco... I think it's a forward-looking company.  The Indian market has been in a bear market.  I've been not recommending Indian stocks or Chinese stocks, because they have been in a bear market.  That said, if you want to penetrate the bear and own one, it might as well be SLT, because that's certainly going to do better than Tata (TTM). 

TTM

11.99

11.90

Tata Motors Ltd. (TTM)

See SLT comments above for:
TTM

       

[ 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

 
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