Wednesday, 09/24/08
Posted 09/24/08,  08:17 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 09/24/08

  Dow Jones: 10,825   - 29
  NASDAQ:   2,155   + 2
  S&P 500:   1,185    - 2
 
 
 
 
     

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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)

RIMM

96.71

na

Research In Motion (RIMM)

RIMM -  RIMM is a stock I've liked since the show began... actually, before the show... and I don't trade it.  I just like it.  I did to sell some before... and I said to buy it back, obviously too early.  But I like RIMM.  It's one of the few tech stocks that I want to own through this morass, along with Apple (AAPL).  I don't think they're going to do well now, but one day, this credit crisis is going to be not with us, and RIMM and AAPL will do well.  That's a double.

AAPL

128.71

na

Apple (AAPL)

See RIMM comments above for:
AAPL

SQM

27.18

na

Sociedad Quimica Y Minera de Chile (SQM)

SQM -  Alright, I blew this SQM.  I've been regretting it for the last 10 points.  This is a fertilizer play, it's a play on lithium... not the kind that I need to take after recommending this stock... and, I've got to tell you, I believe in the core nature of the Chilean market, and the properties this company has, but I've been wrong.  I can't cut and run, because it's too inexpensive.  But I obviously recommended it too high.  I recommended it on my first year of the show, and it was good...  but I stuck with it and I should have taken profits, and it was my bad.

XCO

18.70

na

EXCO Resources Inc. (XCO)

XCO -  I think that XCO represents another good value in the oil patch, ever since Aubrey McClennan (CEO of CHK) shut in his positions, where they're not going to drill more with Chesapeake (CHK)... I felt the group could rally... but XCO is not the best.  Let's go over the cheapest... is Ultra Petroleum (UPL), and Equitable Resources Inc. (EQT).  Those have the most leverage, if Aubrey's gambit sends natural gas prices up.

UPL

58.37

na

Ultra Petroleum (UPL)

See XCO comments above for:
UPL

EQT

40.21

na

Equitable Resources Inc. (EQT)

See XCO comments above for:
EQT

F

5.03

na

Ford (F)

F -  F is too speculative for me.  It's speculative for me to recommend.  I wouldn't mind if you traded out of that.  It's too speculative.  I would save it for Speculation Friday.  I can't recommend the stock here.

GU

6.06

na

Gushan Environmental (GU)

GU -  It's a speculative play... it's a biodiesel play from China.  The Chinese market has been completely and utterly annihilated... down about 59%.  I do not see the Baltic Freight Index, after four straight up days, has now been down twice.  It's just nasty out there.  That is a nice play on the speculative part of China... but China has disappeared from the face of the earth, when it comes to being an economic power.  It's just like they went on a permanent vacation.  How do you hide 1.2 billion people?... tell me how!

JRCC

28.27

na

James River Coal Co. (JRCC)

JRCC -  Well, JRCC... there's a big secondary going on... and some of the workers there are able to sell stock, and JRCC is also a play on McCain winning, so that ain't working...

AMX

44.90

na

America Movil (AMX)

AMX -  Okay... one day, Latin America will come back, and this will be the first to come back.  This is Carlos Slim (world's richest man). This is the biggest cell phone company in Latin America.  It's a great company.  It is not too early to think that, one day, Latin America will indeed exist again.

DSX

21.68

na

Diana Shipping (DSX)

DSX -  We haven't liked DSX since the CEO basically told us not to like it.  Basically, we had the guy on, and he said, you're too bullish.  We have not backed away from that negative stance since then.  Every one of these stocks is still coming down, because the Baltic Freight Index is coming down.  I want to reiterate that I like Frontline Ltd. (FRO).  It cannot afford it's dividend right now...  And I like Nordic American Tanker (NAT), and those are the only ones I'm recommending in that whole sector, which is in total bear market mode.

FRO

51.06

na

Frontline Ltd. (FRO)

See DSX comments above for:
FRO

NAT

34.66

na

Nordic American Tanker (NAT)

See DSX comments above for:
NAT

CMCSA

19.18

na

Comcast (CMCSA)

CMCSA -  I think CMCSA has bottomed, and it's starting to go up.  I think cable turned out to be darn good.  I got too negative.  It hasn't cost me anything, because the stock's back to $19, but I would purchase CMCSA.  I think Brian Roberts (CEO) and family has gotten religion.  I think Dan Burke's doing a good job.  I think, under $20, that stock is a buy.  I understand how all these stocks right now are going down.  But that company has turned itself around and I want to buy CMCSA.

Price target to buy:  Under $20.00

NYX

37.95

na

NYSE Euronext, Inc. (NYX)

NYX -  It now yields 3%.  The dividend is safe.  The company needs to... oh man... well, this is one where I've whipped myself so often that I did cut me losses, literally 30 points ago, which I do feel good about.  I recommended it at $60.  It went to $110.  Did I take profits?  No.  Like a moron, I stayed on it.  It got back to $60, and I cut my losses.  Now here's the deal... NYX... I don't like the business model.  I just don't like it. I like Duncan Niederauer (CEO)... I like Rich, who works in Public Relations there.  Everybody at the NYX I love... I do... I love the NYX people.  I can't recommend the stock.  It's killing me, but I can't recommend the stock.  I wish Duncan the best of luck though, and I hope everything works out.  That's personal though, and it's not business.

       

[ 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 >>

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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