Thursday, 07/24/08
Posted 07/25/08,  09:07 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 07/24/08

  Dow Jones: 11,349  - 283
  NASDAQ:   2,280   - 45
  S&P 500:   1,252   - 29
 
 
 
 
     

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)

WFMI

22.67

na

Whole Foods Market Inc. (WFMI)

WFMI - All right, I have been negative on WFMI now literally for probably for 20 points... Why?... Because I said it's too expensive for most people, even though I like to shop there... Amazingly, it's now a yield play, it yields 3.5%... I can not get behind WFMI because it's too expensive... I like Costco (COST) because it's down a lot... I think WFMI is still at a price where I don't want to buy it... The other day I could say, I talked about
Starbucks Corp. (SBUX)... That's now finally at a price I want to buy it, at $14... WFMI below $20, say in the $18,17 level, then I will embrace it... That is the only time that I will go bullish because that company is costing people too much to shop there as great as it is.

COST

62.98

na

Costco (COST)

See WFMI comments above for:
COST

SBUX

14.54

na

Starbucks Corp. (SBUX)

See WFMI comments above for:
SBUX

HAL

45.42

na

Halliburton Company (HAL)

HAL - Okay, I'm in two minds here... First of all, you were not a hog... Remember, you were up, virtually 50%, I recommended HAL at our University of Texas show when it was at $29... I felt like I wanted to die when I did it... Everybody was saying it was horrible, it had just missed the quarter and I went out and I say buy HAL... Now, the stock then subsequently does indeed go to the $50's and come back to $45... I thought the quarter was okay... I actually expected a better quarter... Oils bouncing... Here's what I would do... I would literally ring the register on HAL... You've got a great gain, I don't want to see it go away... I think, if you have to go in a driller, you'd be better on Nabors (NBR) or Schlumberger (SLB)... I do not think that HAL's quarter was that great... Take the money home... Go buy some nice sweaters.

NBR

38.28

na

Nabors (NBR)

See HAL comments above for:
NBR

SLB

99.27

na

Schlumberger (SLB)

See HAL comments above for:
SLB

IDCC

19.95

na

InterDigital, Inc. (IDCC)

IDCC - You know, this is the king of pressure company... It won a lot of lawsuits, I shouldn't mention that because it was at a rival school near the one I was at growing up... It won a bunch of lawsuits, went really high, then came back down, it was moving back up and I want to ring the register... It is still, in the end... it is connected to wireless technology and I am not a bull on wireless other than a couple of smaller companies and one big one that tied in a patent dispute, so let's say no to that.

HK

32.26

na

Petrohawk Energy Corp. (HK)

HK - All right, everybody has decided that every Wildcatter after a huge run is now finished... Now does that make sense?... Natural gas went from $13.60 to $8.99, which I said would be long term support... I think we're going to test that again... Anybody who's in these Wildcatters has to recognize one thing, we have said they were speculative, we've said they were great, we made a lot of money when they were low, they ran up... We said the griddle got too hot, we jumped back in too quickly... Here's the way I look at HK... I believe that natural gas is going to be the fuel until we come up with an alternative... And I am bullish, but I don't expect this stock to turn around until natural gas touches bottom at $8, and then starts bouncing back.

WMI

36.03

na

Waste Management (WMI)

WMI - You know we're big backers at WMI, we've had that CEO on many times, but he's making a bid for the one that we've been recommending lately, which is Republic Services Inc. (RSG)... I think that right now, we need to ring the register WMI, because he's making that finish, he's got to pay off and let's ring the register RSG, right here... I'm saying take profits in both of them...

RSG

32.98

na

Republic Services Inc. (RSG)

See WMI comments above for:
RSG

RCII

24.07

na

Rent-A-Center Inc. (RCII)

RCII - RCII is ideal in this environment... I was talking to my friend, Joe Curdy this morning on Squawk Box, who was talking about renting handbags... RCII is actually a company that makes all their money on interest... When times get tough, people rent... When people rent, they pay interest... We used to call this time, you buy on time... RCII is a rent on time place, I mean time, I mean interest... And that's what we want in this environment... When things get tough, people go to RCII, and I know when things get tough people go to Cramer!

       

[ 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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