Tuesday, 09/23/08
Posted 09/24/08,  08:17 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 09/23/08

  Dow Jones: 10,854  - 161
  NASDAQ:   2,153   - 25
  S&P 500:   1,188   - 18
 
 
 
 
     

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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)

UPL

59.54

na

Ultra Petroleum (UPL)

UPL -  Look, I've been cold.  The market's hard.  Here's the way I look at UPL...  The guy who runs UPL, Michael Watford - and boy, is he ever welcome anytime on our show... he is just a dynamite exec...  Michael Watford has the lowest finding cost... even lower than Equitable Resources Inc. (EQT), which is another amazing company... and I sold that stock, when my friend, Aubrey McClennan (CEO of Chesapeake Energy Corp. (CHK) shut in some of his natural gas at CHK.  UPL will be the first one to bounce back, if we get the Pickens' Plan.  If not, it's just kind of languish here... although I do believe that McCain will allow more drilling than Obama, because they drill in Wyoming, and there are like these animals out there that everybody's worried about...

Also see WRES comments below for:  UPL

EQT

40.69

na

Equitable Resources Inc. (EQT)

See UPL comments above for:
EQT

CRM

52.23

na

Salesforce.com (CRM)

CRM -  Well, they guided lower... they guided lower last time, and I want to hear from (CEO) Marc Benioff before I recommend the stock, because you cannot have a stock with that high a price-to-earnings multiple, that can guide lower.  So I'm doing a 'don't buy, don't buy' down here for Marc, who is a great guy.

XOM

77.69

na

Exxon Mobil (XOM)

XOM -  I cannot, down here, at $77, tell you to get rid of it.  It is not my favorite oil company.  It is not finding the amount of oil that I want.  There are a lot of others that I like.  I talk about it all the time for my charitable trust...  I am not going to sell it but, of the integrated major oils, it's my least-favorite, because it has the least growth and it spends too much money buying back stock, and that's something that has not worked at all.

ELON

15.20

na

Echelon Corporation (ELON)

ELON -  I think that people are worried about Europe slowing down.  I think you're right.  It is a good technology company.  I think that technology has gotten radically out of fashion.  I believe that September was a very bad month for technology, so I've got to say don't buy.  I really am worried about technology here.  It's just not coming together like I thought.  Even Apple (AAPL)...  I wish I could be more enthusiastic about owning AAPL.  I still have recommended a three-quarter position in AAPL.  But, if I can't get behind AAPL, it's hard for me to get behind ELON.

AAPL

126.84

na

Apple (AAPL)

See ELON comments above for:
AAPL

WRES

10.41

na

Warren Resources Inc. (WRES)

WRES -  We talked about Ultra Petroleum (UPL) earlier... WRES is just not as good as UPL.  At this point, if we do not go behind best-of-breed for oil and gas - the wildcat best of breed - we're going to get hurt... So I'm not going to endorse WRES.  Don't buy, don't buy.

AMTD

18.78

na

TD AMERITRADE (AMTD)

AMTD -  That was terrific (the $5 special dividend)... they're incredibly pro-shareholder... incredible.  I think you're right... I think AMTD... I don't want to say they'll inherit the earth, because Charles Schwab Corp. (SCHW) is doing real well too...  but I think AMTD is the square outfit... and the reason why I say that is because of the dividend... they've still been doing a lot of trading, and they have been rewarding shareholders... and because I don't think that, in the end, the stock market's going to go away.  I think that people want to buy stocks cheaper, and the way to buy them cheaper is with AMTD.  I'm sticking with that recommendation.  By the way, TD, Toronto-Dominion Bank (TD), is a very smart outfit.

SCHW

22.60

na

Charles Schwab Corp. (SCHW)

See AMTD comments above for:
SCHW

TD

61.40

na

Toronto-Dominion Bank (TD)

See AMTD comments above for:
TD

DISAD*

16.74

na

Discovery Communications (DISAD*)

DISAD* -   It's not really a split.  What they did was they re-capitalized the company in a very unfavorable way.  I've got to explain this... I had thought that, after they re-capitalized the company, people would like this company as a cleaner, simple cable play, because cable's doing better than network... but they didn't.  And Zazlov let us down here, and Malone let us down here, and I've been peeling some off (selling) for my charitable trust, because it's just impossible to understand.  So, I have to say ix-nay, because I'm selling myself...  Can't like it.

       

[ 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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