Tuesday, 07/29/08
Posted 07/29/08,  10:41 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 07/29/08

  Dow Jones: 11,397  + 266
  NASDAQ:   2,319   + 55
  S&P 500:   1,263   + 28
 
 
 
 
     

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)

GRMN

00.00

na

Garmin Ltd. (GRMN)

GRMN - No, I took GRMN off the head of the Christmas selling season last year... It was actually almost 50% higher... I want to reiterate that I think GRMN has become a commodity play... I do not like commodity plays, they tend to scare me... I think that they could get hurt... Those who think that I may be wrong, remember, SanDisk Corp. (SNDK), I identified that as a commodity when it was in the $40's and told you to get out... I think that GRMN could fall substantially from here, substantially at these levels... I want you to sell, sell, sell.

THOR

00.00

na

Thoratec Corp. (THOR)

THOR - I've got to resist THOR... In pure honesty I have not examined it... It was on my list of things I should look at in healthcare and technology, which has been a right kind of group that we have been emphasizing... I've got to take a rain check on THOR, rather than spell on it because I haven't finished my research yet for our own show on this... It's one of a host of companies, including, by the way, Zimmer Holdings Inc. (ZMH), which I'm looking at... Can you believe it, Zimmer?... So, let me come back on that one.

ZMH

00.00

na

Zimmer Holdings Inc. (ZMH)

See THOR comments above for:
ZMH

ABB

00.00

na

ABB Ltd. (ABB)

ABB - You know, I've got to tell you... ABB was down last week after they reported that monster quarter... I went over the quarter with a fine-toothed comb... There was absolutely nothing wrong with that quarter... It was bullish... A principle infrastructure company, I really like it... By the way, for in full disclosure, because I get paid by General Electric (GE), infrastructure, ABB infrastructure and gigantic infrastructure, I like them both... I reiterate my buy on GE, by the way, with the financials rallying, GE should be rallying with it... That stock is going to $38... ABB is going to $30 too...

Price target:  $30.00

GE

00.00

na

General Electric (GE)

See ABB comments above for:
GE

Price target:  $38.00

HBAN

00.00

na

Huntington Bancshares Inc. (HBAN)

HBAN - HBAN is, you know look, a lot of regional banks have done fundraisings, they've taken their medicine... I am not going to get behind HBAN... I think you ought to schnitzel a little... Look, the world changed today with Merrill Lynch (MER), but you know what?... How many times does the world change?... The world changed when the SEC put thought the short sale restrictions, the world changed when we saw that Fannie Mae and Freddie Mac were being backed by Hank Paulson... I think that you scale sell HBAN right into any sort of rally that we get in the financials... There are better fish to fry... Remember, I like the fortress banks... I like JPM, and I like BAC... I like USB, and I've got to tell you something, WFC, I like it a lot better than HBAN.

JPM

00.00

na

JPMorgan (JPM)

See HBAN comments above for:
JPM

BAC

00.00

na

Bank of America (BAC)

See HBAN comments above for:
BAC

USB

00.00

na

US Bancorp (USB)

See HBAN comments above for:
USB

WFC

00.00

na

Wells Fargo (WFC)

See HBAN comments above for:
WFC

IPI

00.00

na

Intrepid Potash (IPI)

IPI - Well, you know, we've got a big sell off in those... Now, I'll tell you, here's the deal... Mosaic (MOS) reported a monster good quarter tonight... You know that I like Potash (POT)... I believe that tomorrow IPI is going to be up... I am ranking these fertilizer companies right now, and it is not at the top of the list... It's good... I want you to scale sell the stock into the straight tomorrow... The one that I like best is POT... And, I have to be selective here because the commodity stocks are still coming down... That's one of the reasons why we're having such a powerful rally... So I want you scale sell that one... It was great when we identified it when IPO happened... I think the stock has probably, is not going to be as good as the other stocks, let's put it that way.

MOS

00.00

na

Mosaic (MOS)

See IPI comments above for:
MOS

POT

00.00

na

Potash (POT)

See IPI comments above for:
POT

RIG

00.00

na

Transocean Inc. (RIG)

RIG - All right, let's talk about RIG, let's talk about it... Let's analogize... Let's use it in a bigger picture about the drilling stocks... We had Core Labs (CLB)... I think CLB tells a great story... RIG is out of favor right now... Why is it out of favor?... Because oil is going from $148 down to $110... Maybe it goes close to $100, that is not my price target... $110 is my price target... Here's what I think happens... I think people think that they're going to cancel a lot of the giant RIG orders... I think that's untrue... I think you are right... You're concentrating on the value, you're concentrating on how it sells at nine times earnings... RIG, their biggest problem is how to return the cash to you... All right, I think that RIG is going lower, but I want to buy it in the weakness because the stock is anticipating oil going to $100... I don't think it gets there... If I were to buy 100 shares of RIG, what would I do... Where did we go out, $133... I would buy 25 here at $133, then I'd buy 25 at $126, use the six point scale... And get my total 100 in if it got below $120... If it didn't go below $120, hey, take it where you can get it... I like RIG... I'm not abandoning RIG, it's too good.

CLB

00.00

na

Core Laboratories NV (CLB)

See RIG comments above for:
CLB

AUTH

00.00

na

AuthenTec, Inc. (AUTH)

AUTH - No, it's fingerprint identification... We like, no, no, this one is too speculative... I hate to end on a downer note because it's such an up day... But that one, fingerprint ID, I'm not going there... Too much money lost in that segment... I got a lot of stocks I like today... I'm not going to reach down for that... I do not want to stick with AUTH.

       

[ 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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