Wednesday, 09/10/08
Posted 09/11/08,  09:29 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 09/10/08

  Dow Jones: 11,268  + 38
  NASDAQ:   2,228  + 18
  S&P 500:   1,232   + 7
 
 
 
 
     

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)

CLR

36.36

na

Continental Resources Inc. (CLR)

CLR -  On of my faves... it's pulled back here.

VLO

30.90

na

Valero Energy Corp. (VLO)

VLO -  No, no, no...  I don't like the refiners anymore.  That business has gotten too hard. Oh, they haven't built a refinery in 30 years, whatever...  It's a bad business.  It's got margins that are difficult to control.  I do not like VLO.  I have not liked it for 30 points.  I reiterate that I don't like VLO right here, right now.

RIMM

104.61

na

Research In Motion (RIMM)

RIMM -  Look, this is just owned by a lot of hedge funds... they've killed the stock...  I know, I know, everyone thinks it's too rich.  They've got a whole bunch of phones coming out...  I've liked this stock since I started the show.  Have I overstayed my welcome?  You know what?...  I just think the growth... it's very hard to find a 30% grower.  Blackberry is that grower.  I am not, not backing away from RIMM.  I've been right for three years, and very wrong in the last 40 points... very wrong.

DXPE

64.08

na

DXP Enterprises Inc. (DXPE)

DXPE -  Candidly, I do not know it.  I know it only as a flow control play.  Those are all up terrific... but, you know what... it's up so much... before I say ring the register, I need to know more about DXPE, so I don't have an answer.

WB

15.08

na

Wachovia Corp. (WB)

WB -  I said buy WB on weakness.  We've got the weakness, I want the trigger pulled... buy, buy, buy...  I know the losses are going to be great.  Bob Steele runs that... This is the weakness.  I'm not going to run away, now that we have weakness...  US Bancorp (USB)?  That company is doing terrifically.  It's got one of the lowest loss ratios, so to speak, of the non-performers... and it's one of my "Fortress Four" so USB is good.

USB

31.85

na

US Bancorp (USB)

See WB comments above for:
USB

CHFC

29.09

na

Chemical Financial Corp. (CHFC)

CHFC -  They don't take a lot of risk... it reminds me of BB & T Corp. (BBT).  I think that's a well-run company.  I should have highlighted that when I highlighted BBT...  I think they can be a winner, by the way, when the FDIC has to buy all these banks.  I think that company's in shape to be able to buy some deposits.  You've got a winner there... you've got a winner there.  I want to own that.

TIVO

7.82

na

TiVo Inc. (TIVO)

TIVO -  All right... Tom Rodgers, the CEO at TIVO, has done a remarkable job...  I doubted this company initially, but he's been making a lot deals, he's got new technology.  The stock just spiked recently, because of an agreement. Now, I have to tell you... he also said the quarter was soft, so there's no hurry to buy it... but here's what I would do...  This is a perfect stock for Speculative Friday...  I wish... I'm inviting Tom Rodgers on right now, because I believe in him... I've known him for I don't know how long... 15 years?  He is a great manager.  I like TIVO.  I want to learn more about the story, and I want to buy it.

NCC

4.79

na

National City Corporation (NCC)

NCC -  No, no...  NCC is part of that whole group that I'm not going to recommend.  It's just way too speculative...  Is it as bad as Lehman Brothers (LEH)?  No.  Is it bad as Washington Mutual (WM), which we've hated for so long it's scary...  No.   But it's not good.  It's too speculative for me to recommend on this show and I'm not going to do it.  I'm using the term, "too speculative" like I use for General Motors (GM), for Ford (F), for LEH... because what I'm saying is is that I just think it's not investable enough for our terrific audience, and I don't want to hurt anybody.  I feel bad for saying that.  I know they're trying real hard, but NCC... ix-nay NCC...

GM

11.42

na

General Motors (GM)

See NCC comments above for:
GM

F

4.47

na

Ford (F)

See NCC comments above for:
F

       

[ 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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