Monday, 09/08/08
Posted 09/09/08,  07:03 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 09/08/08

  Dow Jones: 11,510 + 290
  NASDAQ:   2,269  + 13
  S&P 500:   1,267  + 25
 
 
 
 
     

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)

IMA

33.10

na

Inverness Medical (IMA)

IMA -  I liked IMA, then they did this ridiculous deal, where they paid far too much for this company, and now we've got to literally suffer the consequences of a full year before we see any results with it.  I say, "boo" to management.  They really screwed up a great situation.  IMA should never have done that last buy, and that's why I turned on them.

LINE

19.80

na

Linn Energy, LLC (LINE)

LINE -  I love the high yielders.  It's got a gigantic yield, north of 10%.  The stock has come down.  I don't want to sell that.   And a little word about natural gas...  I think natural gas is owned by a lot of hedge funds, obviously.  We still haven't found a bottom to the stocks, even though we found a bottom in natural gas.  Let these sellers keep selling and creating more value for us, like XTO Energy Inc. (XTO*)... an unbelievable situation how much they sent that one down...  Chesapeake Energy Corp. (CHK), where my friend, Aubrey McClennan is doing great things...  Let them keep coming down, and buy them on scales down, because natural gas is the fuel of the future.  I believe that.

XTO*

47.79

na

XTO Energy Inc. (XTO*)

See LINE comments above for:
XTO*

CHK

42.72

na

Chesapeake Energy Corp. (CHK)

See LINE comments above for:
CHK

PFE

19.14

na

Pfizer (PFE)

PFE -  I think PFE can inch up.  I'd rather see... if you want a yield play, that's a drug company, that has more upside, I'd go to Bristol-Myers Squibb Co. (BMY).  I don't know how BMY can stay independent...  I don't know why PFE doesn't buy BMY?  So PFE is a don't buy, but you know I like BMY.

BMY

22.32

na

Bristol-Myers Squibb Co. (BMY)

See PFE comments above for:
BMY

X

107.61

na

United States Steel Corp. (X)

X -  There's been a total collapse of scrap steel. There is just a tremendous, tremendous contraction in that industry.  Why is that?  The Chinese have left the building.  The Chinese were giant buyers of steel.  They have totally vanished.  Until they come back, X will continue to fall.  The collapse in scrap is amazing.  Now, when you talk to the steel guys, they don't see it.  They tell you everything's fine.  I think that, if you bought X when I recommended it at Penn State, and you didn't sell it when it ran 60 points, do not buy more yet.  This stock could trade back to where it was in 2005, before the big rest-of-the-world thesis came in... which would put it 20 points lower.  I want you to be careful with the stock... be careful with that stock.

Price target to buy again:  $87.61

BRS

38.02

na

Bristow Group, Inc. (BRS)

BRS -  This is one of those that got caught up in the hurricane... this is oil offshore business.  Once again, the hedge funds own this.  Does that mean we should abandon it?  No.  It means we have to wait.  The whole idea that we should leave the oil thesis entirely is wrong.  But I do believe that, given where the
Oil Services Holders (OIH) traded, which is the index that follows the oil service stocks, that oil looks like... according to the bears... headed to $60 to $80 (per barrel).  I think it could go to $90.  I think gasoline's going to $3, but I am not as bearish as the bears and I do not want to leave all of oil and gas... particularly natural gas, where I maintain two positions for my charitable trust, as well as a driller.  I'm not abandoning it.  I have a market weight on it.  I don't want to put anymore on, but I certainly don't want to go less.  Don't give up the ship.  Remember last Thursday and Friday, when everyone was telling you to sell everything, and I said, listen, the banks are for real...  Don't leave the ship... don't leave it... just hunker down, and, if you did that, you did darn well... you stuck with the market.

       

[ 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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