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Tuesday, 06/24/08
Posted 06/24/08, 10:19
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 06/24/08 |
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Dow Jones: |
11,807 |
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34 |
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NASDAQ: |
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2,368 |
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17 |
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S&P 500: |
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1,314 |
-
3 |
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Stock Snapshots - Includes
all stocks from callers'
questions |
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After this
segment, you can
see Jim's Closing
Segment picks
here...
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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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) |
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CHK |
65.45 |
65.75 |
Chesapeake Energy Corp. (CHK)
CHK - CHK is one of my
favorites. People know I
like the oil and gas plays.
People were taking profits in
these today. It was like
going out of style... it was
like banging down some sort of
ETF on all the natural gas.
Do I know whether CHK is going
to bottom today? No I
don't. So, how do buy 100
(shares) of CHK?... I use
the methods I talk about in
Jim Cramer's Real Money...
and what I would do, if I had to
buy 100 shares... I'd buy 25
tomorrow, and then I'd buy 25
for every point (i.e., $1) down,
using a wide scale. Aubrey
McClennan runs CHK. It's
terrific, but the stock has had
a monster run, and every stock
can be due for a little profit
taking. I don't care.
He's a wildcatter... I want you
to buy CHK.
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WTS |
24.65 |
24.61 |
Watts Water Technologies,
Inc. (WTS)
WTS - It has come down
a lot. I was looking for a
good water play. It had a
nice spurt. It has come
back... and you know what I've
got to do... Rather than just
say I love it as much as ever,
let me find out why the stock
has really been hammered here.
So I've got work to do...
Memo to staff... Let's come back
and find out exactly why WTS has
come down, rather than just wing
it, because that doesn't help
anybody...
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AA |
36.89 |
37.25 |
Alcoa, Inc. (AA)
AA - No, no... you've
got to buy more AA. The
Chinese are now importing
aluminum. This stock has
come down as part of an overall
profit taking... There's been no
takeover. People are
freaking out... The guy from RT
Zed came on the... show the
other day... It doesn't sound
like he wants to do any more
acquisitions. People feel
that BHP's not going to acquire
it. I say do it (buy it)
on earnings. AA is going
to report in two weeks, and I
think it's going to be okay.
Now, remember, their raw
costs... remember, there's a lot
of natural gas used to make
aluminum... that's why the
stock's going down... but I'm
not concerned. This is a
valuable piece of property...
At $36 bucks, I want to
pull the trigger and buy some
more...
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WB |
17.86 |
18.07 |
Wachovia Corp. (WB)
WB - Why do you hurt
me?... All right, let me
say this...
Lehman Brothers
(LEH)
was up today... WB was up
today... Anything can
happen. But let me give
you the skinny on WB...
WB has hired Goldman Sachs,
apparently to try to get out of
its bad loan portfolio. I
think they can do that.
There was a lot of talk that
JPMorgan (JPM)
might buy them. I
completely discredit that.
There's no way they want to
enter the house of pain. I
do think WB is a trainwreck...
okay. It's a trainwreck.
I think that, if it goes back to
$20, it's a gift, and you can
sell it. I really want to
point this out again... I do not
like that stock at all.
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CX |
23.98 |
24.17 |
Cemex S.A.B. (CX)
GCI - Too hard!
Too hard!... Even though I
think that's the best company...
It's a Mexican cement company
that's worldwide... I saw them
when I was in France...
You can't own a cement company
into this kind of slowdown...
not when the fundamentals are
supposed to be so sound,
according to our Treasury
Secretary, who frankly is
beginning to really get me
angry... I mean, they know
nothing!... Hank Paulson
sounds just like Herbert
Hoover... He's got to stop with
"the fundamentals are sound... "
We all know better... you and I
know better... Don't try
to say something we all know is
untrue!
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MDT |
51.59 |
51.68 |
Medtronic Inc. (MDT)
MDT - Last quarter was
good. I think it's the
beginning of a multi-quarter
turn. I like MDT better
than I like
Boston Scientific Corp. (BSX)
or
Johnson & Johnson (JNJ)
or
St. Jude Medical Inc. (STJ)...(buzzer sounds)...
I think MDT is right for this
environment and I'd
pull the trigger.
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BSX |
12.49 |
12.53 |
Boston Scientific Corp. (BSX)
See MDT comments above for:
BSX
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JNJ |
64.72 |
64.83 |
Johnson & Johnson (JNJ)
See MDT comments above for:
JNJ
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STJ |
40.91 |
40.97 |
St. Jude Medical Inc. (STJ)
See MDT comments above for:
STJ
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IPI |
68.21 |
66.51 |
Intrepid Potash (IPI)
IPI - All right, now
IPI is a perfect example of what
I'm talking about when I say
that
bulls make money, bears make
money and hogs get slaughtered...
I liked the stock in the $50s.
Everybody knows that. I
urged you to buy it... I urged
people to buy it right on the
IPO... I liked the stock
in the high $50s... I liked it
in the low $60s, in the high
$60s... It gets to $70,
for heaven's sake, do you really
need me to
ring the register?... That's enough
of a gain. It's up almost
50%, for heaven's sake. So
my take is this... You've
had the big gain. Let's
circle back and buy
Potash (POT),
Mosaic (MOS),
or
Agrium (AGU).
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POT |
227.35 |
224.87 |
Potash (POT)
See IPI comments above for:
POT
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MOS |
142.98 |
141.14 |
Mosaic (MOS)
See IPI comments above for:
MOS
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AGU |
107.16 |
105.15 |
Agrium (AGU)
See IPI comments above for:
AGU
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BMY |
20.23 |
20.35 |
Bristol-Myers Squibb Co.
(BMY)
BMY - I'm not worried
about BMY's management.
The dividend is safe, and I've
got to tell you something... I
am actually amazed that this
stock has stayed at $20, even
though
Eli Lilly & Co. (LLY)'s
drug, which was going to
supposedly kill Plavix, is not
succeeding. I say it feels
like a house of pain, but BMY is
really - with that dividend - is
a house of pleasure. And I
would stick with BMY...
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[
end of lightning round ] |
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After this segment,
you can see Jim's
Closing Segment picks
here...
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Go to the CLOSING SEGMENT from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
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Symbol keys: |
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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 >> |
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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. |
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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. |
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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. |
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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. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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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... |
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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. |
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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). |
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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
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