Wednesday, 08/27/08
Posted 08/28/08,  04:27 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 08/27/08

  Dow Jones: 11,502   + 89
  NASDAQ:   2,382   + 20
  S&P 500:   1,281   + 10
 
 
 
 
     

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)

TNH

115.36

na

Terra Nitrogen Company, L.P. (TNH)

TNH -  We're going to start every single day as if that stock is exactly where you bought it. We're not going to worry if you're down or not, because we care where a stock's going to, not where it's (come) from...  My take is, while you like the dividend, it could be variable.  It's still a fertilizer company.  I am concerned.  I don't like that group right now.  I think it's in a world of pain, and it continues to happen.  I want you to cut your position back... I want you to cut it back... Sell, sell, sell!  I'll bet you'll be able to buy some lower.  I am concerned.  I know, a 12% yield, you shouldn't be, but I am, okay... 

EMR

45.99

na

Emerson Electric (EMR)

EMR -  I don't understand why this stock is so low.  Honestly!  Someone call the CEO of EMR!  This stock... the market is wrong!  EMR is a better company!  This stock acts as if 100% of it's business is in Russia or something.  I think EMR is a great manufacturing company... one of the greatest manufacturing companies in the world.  They do a lot of flow control... they have a lot of divisions that are doing well.  I think the stock should be five points higher.  I want to buy the stock, and I want to invite the CEO on.  It's a good situation.

Price target:  $50.99

ABK

5.24

na

Ambac (ABK)

ABK -  You know, I recommended selling that stock from $50, way on down...  and, you know what?  I overstayed my welcome.  When it got to $2-3, I should have said enough is enough.  I have no opinion on ABK or MBIA Inc. (MBI).  The reason I have no opinion is that I think they're financials are opaque.  The stocks are going up.  I don't really understand why other than the fact that they're not going out of business, they're going up...  I still think these companies need more capital.  I know that the Merrill Lynch (MER) deal that MBI worked out with Eric Dinallo gave them life to be able to trade again.  I don't trust them and I don't want to be in ABK or MBI... sell, sell, sell!  But I don't have a good call.  MBI, up a dollar today?  I don't even get that... I just don't get it.

MBI

11.98

na

MBIA Inc. (MBI)

See ABK comments above for:
MBI

CSCO*

24.37

na

Cisco (CSCO*)

CSCO* -  You know, I bought CSCO for my charitable trust and, when it came out today... they made a $200 million acquisition...  I said hallelujah...  I want all that cash... they have billions in cash... put to work.  Acquisitions, growth, not buyback.  John Chambers is the man.  I like CSCO*.  My one reservation... I do believe that John McCain, if elected, would put Chambers in the cabinet, which could hurt CSCO* and that's the only thing I'm really concerned about with CSCO, not the business.

GTI

19.89

na

GrafTech International Ltd. (GTI)

GTI -  I like it... I like it...  This is carbon electrodes... graphite... this is a play that, right now, because the cyclical stocks are down on their luck, people are throwing this away.  I think you should own it.  I feel the same one about this one as I do about Emerson Electric (EMR)... buy, buy, buy...  the stocks are just down too low.  They're priced as if there'll never be any business done in the world again.  That's just false.

VZ

34.71

na

Verizon (VZ)

VZ -  I have to tell you, I think right now we're in one of those moments where everyone's decided that Comcast (CMCSA) and Cablevision Systems Corp. (CVC) are killing VZ.  Ivan Seidenberg is the CEO of VZ.  He's got FiOS.  I know people think FiOS didn't have a good quarter.  I say wait and see.  It's got a good dividend.  Verizon Wireless is out of control great... it's fabulous. He's got a strategy for losing the plain old telephone.  I think you buy VZ and you wait.  It is not going to happen overnight, but I want to bank with Ivan.  I think he is really good... and, by the way, Randall Stevenson (CEO) at AT&T (T)... that stock, at $30, is ridiculously cheap.  Right now, everyone's too in love with cable, and they hate telephone too much.  In another six months, they'll shift back, so you buy telephone now... and you sell cable now... that's the strategy!

T

31.20

na

AT&T (T)

See VZ comments above for:
T

CMCSA

21.28

na

Comcast (CMCSA)

See VZ comments above for:
CMCSA

CVC

31.79

na

Cablevision Systems Corp. (CVC)

See VZ comments above for:
CVC

GOOG

468.58

na

Google, Inc. (GOOG)

GOOG -  Google goes down everyday.  It's daunting.  I think that's wrong.  I see Dell Inc. (DELL) going up...  I see Hewlett-Packard (HPQ*) going up...  That means it's good for Intel (INTC)...  I see Microsoft (MSFT) moving up.  I do not, by any means, believe that GOOG is going to stay here (this low in share price).  We had Eric Schmidt... right to our set...  He is talking about world domination... but in a peaceful way, not a Russian way... and I think that GOOG is going to go back over $500 when this holiday's over, and after Labor Day.  I think GOOG is a caged tiger, and they're going to unleash it the first week after Labor Day.

ABD

9.85

na

ACCO Brands Corporation (ABD)

ABD -  No, no, no...  I always felt that, ever since Fortune Brands (FO) spun it off, that I didn't want to touch it.  I just don't think there's enough there.  If you want to really be in that business, go buy Staples Inc. (SPLS).  I don't want to be in that business.  I don't want to be in office products.  I think that's even worse than furniture right now.  I don't want to be there.

SPLS

24.30

na

Staples Inc. (SPLS)

See ABD comments above for:
SPLS

CMI

64.73

na

Cummins Inc. (CMI)

CMI -  Diesel fuel is very popular, because it's cleaner.  Don't worry about it.  CMI has got the cleanest engine.  That's what you need to know.  Anyone who's selling CMI here is really betting on a worldwide recession.  We're not going to get that.  CMI is going to have a good 2009 and an even better 2010.  I want to own CMI.  I think CMI is one of the cyclical stocks we've got to ride through this recession, and own, because they have better technology than anyone else in the world.  Weak dollar, strong dollar, it doesn't matter, you've got to have a CMI engine.  You've got to stick with CMI!...  

       

[ 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 >>


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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:
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Charitable Trust at:

jim-cramer-charitable-trust-stocks.com

 
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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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