Monday, 09/22/08
Posted 09/23/08,  08:23 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 09/22/08

  Dow Jones: 11,015  - 372
  NASDAQ:   2,178   - 94
  S&P 500:   1,207   - 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)

ACGL

74.00

na

Arch Capital Group Ltd. (ACGL)

ACGL -  Alright, ACGL is a good insurer.  In other words, they've done well, they have not fooled around, they have really done a good job.  They're a big beneficiary of AIG (AIG) falling apart.  Those that are buying AIG, understand... I believe AIG is on the hook for $500 billion.  Those people who are trying to buy it... unless they get the government guarantee, they're never going to make it.  I really hope that they fail, and you should sell that stock... sell, sell, sell!...  I think that the reaction to ACGL, going back down, makes sense.  It was up too much.  I'd sideline myself... don't buy, don't buy... wait another 4 points before I'd buy it.

Price target to buy:  $70.00

AIG

4.72

na

American International Group (AIG)

See ACGL comments above for:
AIG

FLR

60.55

na

Fluor Corporation (FLR)

FLR -  Okay... worldwide, we are seeing a slowdown in construction.  However, the kind of construction that FLR does should be hurt less than others.  It does a lot of refinery work.  It does a lot of work internationally.  There's a stock...  The stock is at $60.  Its 52-week low is at $53.  I think that, at $53, it is a buy.  I also want to say that I think McDermott International Inc. (MDR), down here, is a buy.  And they're the next one.  But, if you like that group, the one that I am going to keep harping on is Joy Global (JOYG), because that CEO is trying to buy two-fifths of his company.  If that stock goes below $50, buy some!

Price target to buy FLR:  $53.00

MDR

32.45

na

McDermott International Inc. (MDR)

See FLR comments above for:
MDR

JOYG

53.16

na

Joy Global (JOYG)

See FLR comments above for:
JOYG

Price target to buy JOYG:  Below $50.00

SPW

96.72

na

SPX Corporation (SPW)

SPW -  Now here's an example of one of the great industrial companies in the world, right... They have absolutely done everything right.  There is really... if you think that the worldwide economy is going to bounce back... which I do not think it is going to do right now...  this would be one of the first stocks to buy.  So, if I owned it, I wouldn't sell it.  But, I cannot recommend an industrial company right now.  They are just too, too beleaguered.  We need to see stabilization in the world's economy, and then SPW will indeed be one of the first ones I like.

FLY

10.41

na

Babcock & Brown Air Limited (FLY)

FLY -  No, no...  This is like Genesis Lease Limited (GLS).  This aircraft leasing business is bad, plus International Lease Finance - which is the best one - is going to be saled by the government, when they get that.  Don't believe that people are buying AIG (AIG)... the government's going to dump International Lease Finance.  I'd rather be in that, if they bring that public, than any of these...  So I say ix-nay on that... sell, sell, sell...

GLS

10.58

na

Genesis Lease Limited (GLS)

See FLY comments above for:
GLS

FLEX

7.55

na

Flextronics International Ltd. (FLEX)

FLEX -  Because it's tech... and, suddenly, tech has fallen ridiculously out of favor, despite the fact that a series of companies have already said good things.  Why is this?  Because everyone is doing what's known as "channel checks" and they're seeing that September was an incredibly weak month for tech.  That's typically not the case.  Typically tech is strong.  So FLEX... don't buy, don't buy... because I've got so many tech companies that have said good things, I don't need to go to the contract manufacturers that are dicey.

       

[ 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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