Friday, 09/19/08
Posted 09/22/08,  07:03 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 09/19/08

  Dow Jones: 11,388  + 368
  NASDAQ:   2,273   + 74
  S&P 500:   1,255   + 48
 
 
 
 
     

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)

T

30.43

na

AT&T (T)

T -  We're going to have to wait... we're going to get paid the dividend... until we get the business cycle started again because, right now, both
Verizon (VZ) and T are not doing that well.  They pay a good dividend.  Sometimes we have to look through the valley, while we get the dividend, and that's the case with T.  I wish I could tell you they were doing gangbusters, but they're not.  But that dividend will put you through.

VZ

33.30

na

Verizon (VZ)

See T comments above for:
VZ

EMC

13.04

na

EMC (EMC)

EMC -  EMC is a technology stock that... and this is a quarter that's being very, let's say, indifferent... No, let's be honest... there are not a lot of orders coming in right now for tech.  I think, if you get a rally on Monday for EMC, I want you to sell into it... sell, sell, sell!  I don't trust tech during the month of September.  It has been a bad month.  I usually see good things.  I'm making my calls.  I don't hear good things for tech. 

AXP

40.40

na

American Express (AXP)

AXP -  I'm torn about AXP, because I like the brand name.  It just had a very big run.  It's a financial.  The problem is this... they've gotten into a lot of lending that I don't like.  I think that AXP still has some big, big chargeoffs to take, and I am not going to recommend the stock here... don't buy, don't buy... and, plus, the company is really quiet.  It never says anything.  I don't like the communication we're getting from them.

ABX

35.10

na

Barrick Gold Corp. (ABX)

ABX -  Okay... I have always felt that it is good to have a stock that is counter to everything else... a gold stock is a good place.  We liked Yamana Gold Inc. (AUY).  I sold that for my charitable trust at $14-15.  I'm actually looking to buy it back at $6-7.  I think ABX is good position to have on your sheets, meaning it's a nice balance of a diversified portfolio.  Up $3, though, I always do some selling.

AUY

9.48

na

Yamana Gold Inc. (AUY)

See ABX comments above for:
AUY

Price target to buy:  $6.00 - $7.00

EXC

67.94

na

Exelon Corp. (EXC)

EXC -  This was just a ridiculous selloff.  Now, given the fact that Constellation - which is really not a great company - got a big from
Warren Buffett, I see no reason to sell EXC.  I think EXC has good new plants.  And oil is not going to go to $80, okay... it's not.  I think you've got a good one there.

EP*

14.82

na

El Paso (EP*)

EP* -  I saw that stock today below $15.  It was at $13 this morning...  And I said, you know, I sold that thing at $18-19 for my charitable trust.  And I said, this is crazy... what is that stock doing down there?  I know the quarter wasn't that good.  Natural gas is $7.50... but that stock is a buy.  Do not pay more than $17 for it, because the previous quarter was not good.  But that stock's too cheap down here.

NUE

51.16

na

Nucor (NUE)

NUE -  You know what?  Here's the problem with NUE...  It's a big, cyclical company, and it's waiting for steel to tighten up, and that means that China has to be buying.  I think that, to sell NUE now, would be a big mistake.  I think you've got a couple of days that were good.  However, the stock was up $5 today.  It was way, way down.  It is too cheap, and NUE is my favorite steel company, so let's hold onto it.

NCC

5.61

na

National City Corporation (NCC)

NCC -  Nat City, I'm a seller of.  You can sell it right into the short squeeze that Christopher Cox (SEC chairman) gave us.  I think that there is core value there, but I've got to tell you something... you really need a major, major resolution mortgage trust... sell, sell, sell... and, if you do not get it, that stock is at the cusp.  I do not want to recommend that stock.  I think you sell it into the strength on Monday.  That is not one of my Fortress banks.

NLY

15.61

na

Annaly Capital Management (NLY)

NLY -  No, that is one that I screwed up on, and it actually even hurts to think about it and talk about it.  This is a company that buys agency bonds and does a little arbitrage with leverage, and I'm not a buyer.  Don't buy, don't buy...  And I self-emulated on it...

SD

25.62

na

SandRidge Energy, Inc. (SD)

SD -  Oh man, this stock just got killed... You know what?  We're going to recommend this stock, because oil and gas... natural gas is not going to go through $7, if it didn't go through $7 in this selloff...   I think you're safe with that one... buy, buy, buy!  If it goes back to $30, we're going to sell it... but I want to own SD.  I want to stick with most stocks, but 20% of your portfolio needs to be sold, sold, sold on Monday... right into the strength.

Price target:  $30.00

       

[ 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 >>


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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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