Thursday, 09/18/08
Posted 09/19/08,  08:53 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 09/18/08

  Dow Jones: 11,019  + 410
  NASDAQ:   2,199  + 100
  S&P 500:   1,206   + 49
 
 
 
 
     

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)

FRO

48.10

na

Frontline Ltd. (FRO)

FRO -  The Baltic Freight Index has been going down, down, down... that's what they make every day.  None of these companies can cover their current dividend with the rates where they are but, if the rates start coming back, these are all buys.  Nordic American Tanker (NAT) and FRO both work here.  I prefer FRO, at $48, than I do NAT, at $31... but I've got to tell you something, it's six or a half dozen... and that guy, Herbjorn (CEO), he's always welcome on the show, even though he's a little bit hard to hear, even though he'd probably say the same thing about me if I was over there... 

NAT

31.79

na

Nordic American Tanker (NAT)

See FRO comments above for:
NAT

SHLD

99.81

na

Sears (SHLD)

SHLD -  Alright, let's talk Sears... Everyone criticizes Eddie Lampert (CEO)... he didn't put any money in the stores... Well, Home Depot (HD) and Lowe's (LOW) put fortunes into the stores and what did it do for them?  Now, Eddie Lampert has a rock-solid balance sheet and everyone's worried about it.  Give me break, he's got a lot of cash... and, here's some good news... even though the company... it's a tiny little "largest" retailer after Wal-Mart (WMT*) and Target (TGT)... Okay, here's my thinking... The government just changed the rules.  Lots of people have been selling SHLD short.  Many were people in his stock...   Now, wait a second... when did we see that?...  You know what that is?  Isn't that what happened in "The Producers"?...  Remember, they put on that play and they sold more than they had?... And they went to jail...  Now, here's the deal... that's what's been going on with SHLD.... they've been selling more than there is.  That game ended last night.  They've got two more days to cover.  Let me tell you something... you are sitting pretty being long SHLD... and they had a decent quarter.  People are going to have to cover, people are going to have to buy...  Lampert's got your back...

PCU

22.04

na

Southern Copper Corp. (PCU)

PCU -  I don't understand how this copper company can get all the way down there but, then again, I never thought that China would suddenly vanish off the face of the earth...  I think that you should buy PCU here on the off chance that China eventually becomes a buyer of copper again ... because this thing is so darn cheap, it's ridiculous.  I cannot endorse selling PCU right here.  That would be a mistake, for anyone with an 18-month philosophy toward life.

RF

14.60

na

Regions Financial Corp. (RF)

RF -  I was negative on RF for awhile, and then I turned on all the regional banks... RF, because they were able to buy something from the FDIC... But, let me go over which banks that I like...  I have not recommended RF... It's the Fortress Four, almost all of which are now at their 52-week high, by the way...  It's Wells Fargo (WFC), it's US Bancorp (USB), it's Bank of America (BAC), it's JPMorgan (JPM*), which I own for my charitable trust and, recently, I added BB & T Corp. (BBT), which is just a few points off its 52-week high... up 4 today... and, the other day, when I welcomed Bob Steel, the CEO of WB on... I recommended that one...  hey listen, that was only up 50% today... could that be a mistake?...  No...   

WFC

37.00

na

Wells Fargo (WFC)

See RF comments above for:
WFC

USB

36.77

na

US Bancorp (USB)

See RF comments above for:
USB

BAC

30.58

na

Bank of America (BAC)

See RF comments above for:
BAC

JPM*

40.30

na

JPMorgan (JPM*)

See RF comments above for:
JPM*

BBT

39.50

na

BB & T Corp. (BBT)

See RF comments above for:
BBT

WB

14.50

na

Wachovia Corp. (WB)

See RF comments above for:
WB

WAG*

32.84

na

Walgreen Co. (WAG*)

WAG* -  Don't give up.  I own it too.  I started buying for my charitable trust, and what do they do?  They went and tried to bid for Long's Drugs...  It ain't so special... I think WAG* should let CVS Caremark Corp. (CVS) have it, and we should buy some more WAG*.  Buy, buy, buy!...

AAPL

134.09

na

Apple (AAPL)

AAPL -  Alright, now understand... I am on record as saying that you should have sold three-quarters of your position when it got to $180... Then I said buy another quarter back when it got to $150.  It is right through to my next level, so I have to tell you that I have to buy it.  I have conviction that it should go higher.  I think AAPL is an inexpensive stock based on 2010-11 numbers.

ING

00.00

na

ING Groep NV (ING)

ING -  What's the dividend there right now?  Let's see what that yield is of that sucker... stick with me just a second...  8%?  I think that yield's...  Oh boy, everytime I say a yield's safe, what happens?...  Let's put it this way, I'm sticking with my Fortress...   I'm sticking with the Bank of America (BAC), JPMorgan (JPM*), Wells Fargo (WFC), US Bancorp (USB), Wachovia Corp. (WB) and BB & T Corp. (BBT), and I am not varying from that list, because that list is red, red, sizzling hot!

       

[ 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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