Wednesday, 07/23/08
Posted 07/23/08,  11:03 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 07/23/08

  Dow Jones: 11,632   + 29
  NASDAQ:   2,325   + 21
  S&P 500:   1,282    + 5
 
 
 
 
     

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)

TIVO

7.84

na

TiVo Inc. (TIVO)

TIVO - All right, TIVO is run by a guy I have known for a long time named Tom Rogers... He's an excellent manager... He's managed to move that stock up about 50%... I am neither fish nor fowl TIVO... I think it's an okay situation... I don't think it's great... A lot of law suits have been going back and forth, and they all seem to be going in TIVO's direction... I'm in the don't buy camp... I'm a buyer at the $5 level.

Price target to buy:  $5.00 level.

EBAY

25.38

na

eBay Inc. (EBAY)

EBAY - I was flabbergasted... Here I thought EBAY was becoming a mass merchant that people would use in hard times, although, people, of course, just don't go into retail... Did anyone notice that the stores are still jammed?... I do... Now here's the deal... EBAY has the gross margin... EBAY has volumes coming down... It doesn't matter what people do, they just don't like the stock... Now get this, Google (GOOG) is a buy off of YHOO's good news... I mean YHOO actually had a lot... I actually like GOOG very much here... I think Research In Motion (RIMM) is good, now that AAPL's out of the way... I think the new Research in Motion will be good, we saw AT&T (T) now... But that brings me to the one ".com" I can't get behind... and that is EBAY, even though it has a lot of capital... Someone should buy them and put them out of their misery.

GOOG

489.22

na

Google (GOOG)

See EBAY comments above for:
GOOG

RIMM

117.66

na

Research In Motion (RIMM)

See EBAY comments above for:
RIMM

CRME

11.50

na

Cardiome Pharma Corp. (CRME)

CRME - CRME, you know, I'm going to defer... There was a fellow who was on the wonderful and fabulous 9 to 11 show, also with Mark Haines, who recommended this stock... They have had a big win... But you know what, I don't like, it's too small for me to really give you a view on and it's had a very big run... I'm going to defer to others on that one... I am not wishy-washy, there are other people who know more about CRME than I do.

FCEL

8.31

na

FuelCell Energy Inc. (FCEL)

FCEL - Too speculative, too speculative... A lot of these alternative energy plays are just going to get smashed if gasoline goes to $3.50 and if oil goes to $119, which is my price target... I'm going to stay away from FCEL... Let's get some I like here.

SMS

31.40

na

Sims Group Ltd. (SMS)

SMS - Scrap steel is going down along with the rest of steel... Everyone says that this business has rolled over... We heard it from the man himself... I thought he told a good picture... I think the second half of the year going to be strong for steel, obviously along with natural gas plunge and oil plunge and commodity plunge and copper plunge... Everyone is selling steel too... Can we take a little long-term perspective and realize that there aren't enough group operators out there... SMS is a buy.

F

6.03

na

Ford (F)

F - I think both F and General Motors (GM) are doing some drastic things to be able to make things better, including becoming much more of an export driven and foreign car maker... I have been staying away from F and GM because they're too speculative... I am beginning to warm up again to the F and GM preferreds... I am not there yet... I do believe that F is a decent spec... If it were Friday, I'd be saying you could expect F $6-7, but the balance sheet is bad, they need to refinance... I am not going to get aggressive.

MSFT

26.43

na

Microsoft (MSFT)

MSFT - You know, I have a hard time getting behind MSFT here to be honest... I didn't see much in the quarter... I kind of feel like it's a bank... I like Research In Motion (RIMM) more, I like Amazon.com (AMZN) more... I thought it was a good quarter after the bell... I am not recommending Apple (AAPL) but I like AAPL more... And I certainly like Google (GOOG) more... Those are the ones I like more than MSFT.

RIMM

117.66

na

Research In Motion (RIMM)

See MSFT comments above for:
RIMM

AMZN

70.54

na

Amazon.com (AMZN)

See MSFT comments above for:
AMZN

GOOG

489.22

na

Google (GOOG)

See MSFT comments above for:
GOOG

ENS

32.49

na

EnerSys (ENS)

ENS - I like this as a speculative play... Remember, I think that even if oil goes to $70, now, by the way, the last time Exxon Mobil (XOM) was at this price, oil was at $70... The last time ConocoPhillips (COP) was at this price, oil was at $80... Those stocks are forecasting a dramatically lower decline... I don't think we get there, that's why I mention I bought 100 shares of a natural gas stock today for my charitable trust... Here's what I think... ENS is a battery company, it's like Sociedad Quimica (SQM)... I think battery technology is the way of the future... It's like wind, it's like battery, I'm sticking with it.

CI

37.58

na

CIGNA Corp. (CI)

CI - You know, CI is the best of that healthcare group... Of those, I like CI more than I like Aetna Inc. (AET), they buy back a lot of stock... CI was featured in one of our... in a segment we did all week, where we did stocks that have been buying back the most of any company and CI is right there... I would sell Unitedhealth Group, Inc. (UNH) and I would buy CI.

UNH

27.76

na

Unitedhealth Group, Inc. (UNH)

See CI comments above for:
UNH

SBAC

36.28

na

SBA Communications Corp. (SBAC)

SBAC - Wireless towers!... You know I've been behind that group the whole way... I think there's still plenty of room for wireless towers... And what's with the fake Christmas trees, like we don't know?... What do you think, we're stupid?... Obviously they're towers... For heavens sake, they've got the green... Anyways, I like the business...

NHWK

8.18

na

NightHawk Radiology (NHWK)

NHWK - No, we've been bearish on NHWK, literally since $19.20... We had the CEO on, and I felt bad... 1920 like the year, no, like the price... I felt bad, the CEO is always a nice guy... they're an x-ray business, but in the end, that business is not proprietary, that overnight x-ray thing... I say ix-nay on x-ray.

       

[ 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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