Thursday, 09/04/08
Posted 09/05/08,  08:29 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 09/04/08

  Dow Jones: 11,188  - 344
  NASDAQ:   2,259   - 74
  S&P 500:   1,236   - 38
 
 
 
 
     

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)

FDX

82.80

na

FedEx Corporation (FDX)

FDX -  I like Fred Smith (CEO)... he used to be a guest on my show with my friend, Larry Kudlow...  he is dynamite.  But United Parcel Service, Inc. (UPS) has solved its union issues, gasoline's come down, they raised prices.  UPS has done a lot of really great things and, if you're going to do one versus the other, I have to go with UPS, which is still up a couple (i.e., up $2) from when I recommended it, and I believe should be bought into the continuous weakness in gasoline.

UPS

64.16

na

United Parcel Service, Inc. (UPS)

See FDX comments above for:
UPS

WPI

30.26

na

Watson Pharmaceuticals Inc. (WPI)

WPI -  No, no... look, that's had a very big run, and you know I like the drug stocks... I had to confess the other day... I couldn't take The New York Times' onslaught on Schering-Plough (SGP) anymore.  But I like the drugs in a slowdown, and WPI is not one of my favorites, because it's got a lot of generics.  But, you know what... the sector is so strong, that's like one of the worst houses in a great neighborhood that you'll probably do okay.

BQI

3.71

na

Oilsands Quest, Inc. (BQI)

BQI -  This is a big speculative play.  We had a nice hit in it, and then it collapsed, along with everything else natural gas...  Remember, natural gas, at one point today, was literally down 45% from its high.  This is a spec play.  I see the ads from my friend, Aubrey McClennan, as well as from Boone Pickens, and I must tell you in no uncertain terms that I believe that natural gas will be very, very big, and that one is a great spec...

HWAY

18.70

na

Healthways Inc. (HWAY)

HWAY -  HWAY is in an area... this chronic healthcare stuff... the stock has come way, way down.  I now think it's a buy.  I like that sector very much.  People are too quick to leave that sector.  I think it's a mistake.

GME

43.93

na

GameStop Corp. (GME)

GME -  No, no, no...  GME was our Christmas play last year, and we are done with it.  We had the Guitar Hero, and we had the Rock Band... and we said it was going to be a big GameStop Christmas...  it was... and we've been negative ever since... sell, sell, sell!... and we're staying negative!

MEE

51.40

na

Massey Energy Co. (MEE)

MEE -  No, no, no.  We're done with coal... we're done with coal.  We were done with the fertilizer and we're done with coal.  We had Joy Global (JOYG) on last night...  Look, we are not going to elect a coal president.  I mean none of these guys are talking about coal.  I know we have to use coal, but I don't see a lot of coal plants being built.  And, meanwhile, the Chinese - who were the supporters of coal - have completely vanished.  I am willing to do natural gas, at $7...  I will not recommend coal.  I will begin to recommend the big integrated oils as soon as the hedge fund liquidation is over, but I am not going to do MEE.

DE*

63.50

na

Deere (DE*)

DE* -   Don't be paranoid, don't be paranoid... I know the commodities have fallen...  Let me give you what I told people on my paid service, my charitable trust...  I own DE*.  I bought some DE* lower.  I sold some DE* at $70.  I was going to buy it back today but, after the terrible Terex Corp. (TEX) news, I figure there's more bears that are on the prowl for DE*...   I'm using a $62 to be able to buy some.  That's where I'm going to be able to pick, down $9 from where I sold.  I think you're fine down another point or two.  DE* is too cheap.  It's a great international exporter.  Steel costs are going down.  It is not connected with construction... just barely... it's a farm play and I still believe that the farm play is good, although the fertilizer play is done... except for Terra Nitrogen Company, L.P. (TNH), and I shouldn't have said I liked that because of the dividend but, even there, I don't even want to recommend that.

Price target to buy DE*:  $62.00 or lower.

TNH

125.70

na

Terra Nitrogen Company, L.P. (TNH)

See DE* comments above for:
TNH

DSX

24.23

na

Diana Shipping (DSX)

DSX -  The rates have to come up, the Chinese have to come back... You could argue that you should get started... The one that I like is Frontline Ltd. (FRO) but, as I indicated last night, the rates have plummeted... and cannot make the money for the dividend right now.  It's kind of a leap of faith.  FRO's got the best balance sheet.  I also like Nordic American Tanker (NAT).  I think either one of those is better than DSX.  That's my recommendation to you.

FRO

52.30

na

Frontline Ltd. (FRO)

See DSX comments above for:
FRO

NAT

34.17

na

Nordic American Tanker (NAT)

See DSX comments above for:
NAT

GM

10.68

na

General Motors (GM)

GM -  You've got a real speculative stock there, honestly.  It is not my favorite auto...  My favorite auto is Honda Motor Co. Ltd. (HMC)... (Ed.:  that's new!)...  That stock's too speculative for me... in GM...    As I say in Real Money, you can have up to 20% of your portfolio, at your age (caller said he was 22 with a Roth IRA)...in a speculative stock, but not your IRA!  That's for discretionary only, and GM is way too speculative to own in an IRA here... way too speculative...

HMC

32.85

na

Honda Motor Co. Ltd. (HMC)

See GM comments above for:
HMC

UDRL

15.44

na

Union Drilling, Inc. (UDRL)

UDRL -  They missed the quarter.  If you're an oil driller, and you missed the last quarter, that is just saying, no go...  Schlumberger (SLB) came out yesterday... with that really terrific guy, Andrew Gould, who runs it... and said, listen, business is great.  UDRL should have done better.  If you want to be in that cohort, I prefer Halliburton (HAL), I prefer Nabors (NBR)... but, remember, once again, there are hedge funds that are blowing out of these stocks.  They can't help it.  They've got to return the money.  If you want to see what that's like, go read CONFESSIONS OF A STREET ADDICT where, when I had redemptions, I had to run on October 5th.  I survived it.  But everybody shot against me... all the stocks I was trying to sell... I had to sell by 2pm.  Everybody was betting against those stocks.  That's what's happening with the drillers.  Trust me.  I'm a hedge fund manager from way back.  That's what's knocking down these stocks, not the fundamentals.  And we don't have an "all clear" sign, until we see the margin clerks finish one day...  Don't buy these stocks until 1:55pm.  You will not get anywhere near the bottom, until the margin clerks are done, if we get a bottom... Maybe I'll do a whole segment next week about what's really going on in the hedge fund world, because I think it would help... it's what I wrote about and nothing's changed in 10 years, except for that I've got a TV show...

HAL

40.13

na

Halliburton Company (HAL)

See UDRL comments above for:
HAL

NBR

31.95

na

Nabors (NBR)

See UDRL comments above for:
NBR

       

[ 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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