Wednesday, 07/02/08
Posted 07/06/08,  08:21 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 07/02/08

  Dow Jones: 11,215  - 166
  NASDAQ:   2,251    - 53
  S&P 500:   1,261    - 23
 
 
 
 
     

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)

RIO

32.33

32.51

CVRD (RIO)

RIO - I don't know, look, RIO has raised a huge amount of money to make a bid for a company... That's why it's been going down, other than the fact that the minerals are getting hammered... I think it's attractive too, but what happens if they take all that money and go away to some company and overpay?... That's what the market is saying... Longer term, I think you're right because there is mineral shortage throughout the world... Shorter term, you have to understand, when they took down that big credit line, that's when people have been freaking out, that's what we've got to wait for... We got to see the acquisition before we buy more.


GR

46.07

46.18

Goodrich (GR)

GR - GR is landing equipment for airlines and we know that suddenly that AMR Corporation (AMR) can't afford to buy more planes, United can't buy them... We obviously know that Aircastle LTD (AYR) and Genesis Lease Limited (GLS) are hobbled and can't buy them... The AIG (AIG) division can't buy them, that's international finance... So what's happening is that all the way down the food chain the horrible pin action from the fact that the airlines can't afford to buy planes, has extended from Boeing (BA) to the landing gear to the engines, in other words, GR, even at a 52-week low, I don't trust it yet.


SWKS

9.86

9.78

Skyworks Solutions Inc. (SWKS)

SWKS - Alright, SWKS, that was David Aldridge... David Aldridge is stood, we've got a lot of guys came to the set... David Aldridge stood right here... He's the CEO who has made a remarkable transformation at SWKS... I remember when it was spun off from Conexant brims... Here's the deal with SWKS... They are in almost all of the cell phones, so they are kind of agnostic with cell phones doing well. That said, sir, you've got a good game in SWKS and it was up today... I expect volatility, which is genuine Wall Street jibberish for it could go lower... I would schnitzel a little SWKS, and then be able to buy a little bit lower.


HSC

50.55

50.85

Harsco Corp. (HSC)

HSC - HSC is going down because everyone feels, and this is a lot of rest of the world business that the economy worldwide is going to slow because the European central bank is going to start raising rates... I say that this is starting to get discounted pretty heavily in these stocks... HSC goes all the way down to $50 seems like it's an opportunity to buy... But you know what?... I could say the same thing about companies like Eaton, which I like very much... Emerson, which I like very much... These are completely being hammered... I say, don't give up on them, use wide scales... I don't want to leave HSC, I want to buy HSC.


ETN

82.20

83.75

Eaton Corp. (ETN)

See HSC comments above for:
ETN

EMR

48.14

49.00

Emerson Electric (EMR)

See HSC comments above for:
EMR

VLO

37.92

38.00

Valero Energy Corp. (VLO)

VLO - Nope, nope, nope... We have not liked the refiners... We have been scared of the refiners... We like a lot of stocks in oil and gas... Now, the whole oil and gas complex has been going down for a couple of days... But we have not liked the refiners now in a year... That is one part of the business that they have not been able to put through the price increases... All their margins are being squeezed... I continually see people come on saying I want to call the bottom in refining... I guess I'm too old... I remember when there was 20 years where refining didn't make any money... We're back in that game... I do not see a bottom in VLO, I don't want to touch it. There are so many oil and gas stocks coming down... They're good. I don't want to touch VLO.

VVC

30.97

30.72

Vectren Corp. (VVC)

VVC - I like it... It's a distributor of energy, and that's a very good business and it's got a good yield... That is my kind of company in this environment... It reminds me of Spectra Energy Corp. (SE)... I think you've got a winner there.


SFG

47.50

47.67

StanCorp Financial Group Inc. (SFG)

SFG - Okay, it's a financial... But it's a safe financial... It reminds me very much of Lincoln Financial, another safe financial that goes down... Sometimes we have to take some pain... That's a disability insurer... I like that business... I say hold onto it... Wait until it gets to $42 or $43 if you want to buy any more, but do not sell that stock... It's conservative and real good.

ENI

15.06

14.91

Enersis S.A. (ENI)

ENI - I think it's a buy... This is a Brazilian utility, actually it's a Latin American utility company... I like it, I like it more than AES Corp. (AES)... I do not like it as much as CPL, which is coming all on the way back... That's the one we got when we were in Penn State... But I like the utilities here... I like Latin America, so I'm going to say yes to that.

CPL

64.87

66.83

CPFL Energia S.A. (CPL)

See ENI comments above for:
CPL

BF-B

68.69

68.23

Brown-Forman Corporation (BF-B)

BF-B - I still want to buy it. Here's what's happening with BF-B... Fortune Brands (FO) blew up, okay?... They just literally blew up... So analysts are panicky and downgrading BF-B... I think that BF-B with Jack Daniels is a good brand that's going to be steady... Unlike Fortune Brands, where I cannot pull the trigger because they have all that housing, all that stuff that goes into cabinetry... I think that BF-B is a buy... I want to reload BF-B and buy some more here... The analysts are all running from it, I want to run to it.

HS

16.36

16.48

HealthSpring Inc. (HS)

HS - No, no... You know, I am just so gun shy about that group... After the UNH horrible number... Let me reiterate, I want to sell Unitedhealth Group, Inc. (UNH), I don't like HS... I don't want to touch this healthcare cost business until after the election... It's just too high risk... Now, I know in this Lightning Round we have a lot of high risk situations that I'm concerned about... I want you to understand, the market is still going lower, we're not out of the woods... When the smoke clears, then we'll a buyer.


       

[ 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...

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