Friday, 09/05/08
Posted 09/08/08,  07:11 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 09/05/08

  Dow Jones: 11,220  - 32
  NASDAQ:   2,255    - 3
  S&P 500:   1,242  - 32
 
 
 
 
     

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)

ATN

30.78

na

Atlas Energy Resources LLC (ATN)

ATN -  Actually it's a good yielder, and I like the yielders more...  This is another Appalachian Basin play...  We are getting a lot of calls on these, because it looks like the big selling is over.  I do believe that natural gas has bottomed.  If I got a yield like that one... she's got about a 7% yield... that yield is safe.  I will pull the trigger right here.  Enough is enough.  You can't walk away from these stocks, after natural gas has gone from $13.75, down to $7... It's time, it's time...  May I also say that I think XTO Energy Inc. (XTO*) is having a great quarter... and, by the way, Anadarko Petroleum (APC)... we had him on the other day, Jim Hackett (CEO)... He's buying back stock hand over fist... He says the heck with what people are saying about his stock.  He wants to own it.

XTO*

48.60

na

XTO Energy Inc. (XTO*)

See ATN comments above for:
XTO*

APC

58.28

na

Anadarko Petroleum (APC)

See ATN comments above for:
APC

ABK

8.52

na

Ambac (ABK)

ABK -  Rough, rough, rough... because, remember, we just caught a dollar on an $8 move... Now, if the Treasury does do what we've been asking for, which is to clean up the mess... and our friend, Bill Gross, is saying boo-yah ag...  If we get a cleaner Fannie Mae and Freddie Mac... I've got to tell you something... you're going to make a quick $4.  But, whether any of this happens this weekend or not, I think I would rather be on the sidelines, if we don't get a deal with Fannie and Freddie.

ELN

12.96

na

Elan Corp. plc (ELN)

ELN -  Ahh, no can do... can't get behind it.  Way too hard.  Cannot get behind it...  They missed a couple of big data points there in the drug company.  Let me tell you, I think it's still... no.  I think big tax-loss selling between now and the end of the year.

WB

16.75

na

Wachovia Corp. (WB)

WB -  Step by step, inch by inch, Niagara Falls...  WB is run by Bob Steele.  Bob Steele was my boss at Goldman Sachs.  Bob Steele was the Treasury's #2 man... Bob Steele was the first guy who recognized we were in a housing crisis...  Bob Steele is as close as we're going to get to the greatest banker we have in this country.  He cam to WB, and the stock was at $8.  The stock is now $17.  I think this stock is going to be a huge beneficiary of anything Fannie and Freddie does.  I think he's going to split the banks into good and bad... like the Grant Street Bank option that we saw Mellon Bank do with Frank Cohen... saved that bank in the mid-80s.  I think Bob Steele is going to make WB a great, great buy... and, the answer is, I want to own WB.  They bought a million shares at $16... and the stock's around $16...  Let's get in there with Steele!  He is a man of steel!

PBI

35.11

na

Pitney Bowes Inc. (PBI)

PBI -  Problematic, problematic...  They missed the last quarter.  It does seem cheap, but you know what?  In this business, I've got stocks that are literally making their quarters and getting killed... Don't buy, don't buy... I cannot recommend that stock.  I've got companies making their quarter.  I don't need ones that miss the quarter.

PBR

44.81

na

Petroleo Brasileiro (PBR)

PBR -  This stock... I think that PBR is a buy here.  I believe that that one actually is growing.  Why do I like the natural gas stocks?...  Why do I like PBR?...  Because they're growing!  They're not like Exxon Mobil (XOM) or Chevron (CVX) sitting on a pile of money doing nothing... buying back stock...  They're drilling, they're growing!  PBR just discovered more natural gas.  That one I want to get behind.  I want to pull the trigger after that tremendous, tremendous decline.

CNX

59.14

na

CONSOL Energy Inc. (CNX)

CNX -  Very tough...  I've got to tell you... Let's go with nat gas, over nat gas and coal...  I'd rather see you in Equitable Resources Inc. (EQT)...  That's a better one right there than CNX.  I do not trust coal, if we get a democrat in the White House.  I think they'll do everything they can... there'll never be another new coal plant built.  I believe, like my friend Aubrey McClennan (CEO of Chesapeake Energy Corp. (CHK), that natural gas will be in ascendancy... so I want to split from that... I don't want to be in CNX.  I want to be in natural gas.  I just don't, don't trust coal as a fuel anymore, if the democrats come in... 

EQT

44.23

na

Equitable Resources Inc. (EQT)

See CNX comments above for:
EQT

       

[ 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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