Friday, 09/26/08
Posted 09/29/08,  08:21 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 09/26/08

  Dow Jones: 11,143 + 121
  NASDAQ:   2,183    - 3
  S&P 500:   1,213   + 3
 
 
 
 
     

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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)


Jim:    A correction from last night's show... We were talking about the companies that I'm worried about with Boeing (BA), and we inadvertently switched Rockwells...  We mentioned Rockwell Automation Inc. (ROK)... It provides industrial automation power, and control and information solutions... when we meant to say that it's Rockwell Collins Inc. (COL)... I regret that... COL, which is the aviation and electronics for customers.  And, you know, I just... they split that company... and I did not get the right one, and I apologize.

COL

47.65

na

Rockwell Collins Inc. (COL)

See comment above.

SIG

23.33

na

Signet Jewelers Limited (SIG)

SIG -  SIG?...  I don't know SIG.  I have been stumped.  I've got to do some work on it... I'm not familiar with it.  That's okay.  It happens.  I don't know it.  I've got to take another...

FMER

21.91

na

FirstMerit Corp. (FMER)

FMER -  I'm going to tell you this...  I'm not going to recommend an Ohio bank, as long as this National City Corporation (NCC) hangs over us like a shroud.  We've got to wait... we've got to wait and see what happens to NCC, before I recommend an Ohio bank.

NCC

3.71

na

National City Corporation (NCC)

See FMER comments above for:
NCC

STP

38.48

na

Suntech Power (STP)

STP -  No.  Chinese power company.  I mean, everything China... (bear sound)...  We made a decision at the beginning of the year, we were not going to recommend anything China.  And that market is down 59%... 59%!  And we're not going back to China yet.  It's just too darn hard.

SYY

33.30

na

Sysco Corp. (SYY)

SYY -  At times... at times... management can trump even a most difficult industry...  Just like we had Farooq Ahwari last night from Ethan Allen Interiors Inc. (ETH) - not that I say you should buy it, other than on a pullback - SYY is well-run.  This is a food service company that does a fabulous job, even when restaurants are in retreat.  I have used SYY for years, when I used the term, "used"... that's an old brokerage term, meaning I have always recommended it to clients... I don't have any clients now, and I don't trade.  That's a good one!

ETH

28.99

na

Ethan Allen Interiors Inc. (ETH)

See SYY comments above for:
ETH

LOW

24.46

na

Lowe's (LOW)

LOW -  I have to tell you... I think LOW is almost a buy.  We were talking about the idea of buying LOW for my charitable trust when it got to $21-22.  Why?  Because it's taking a lot of share from a lot of hardware stores... because I love to shop there... it's a well-run company.  I am 2 points from pulling the trigger... just 2 points.  And, when housing turns, which it will do... if we get the bailout plan... in 278 days... LOW is going to spike to $30.  I like your thinking.  You've got horse sense!

Price target to buy:  $21.00 - $22.00

JCI

31.08

na

Johnson Controls (JCI)

JCI -  This is a very well-run company that, unfortunately, has clients like auto companies. And, if you've got a client like an automobile company, I don't like those stocks... don't buy, don't buy... I cannot say "buy."  We're not in that kind of economy.

CNB

8.97

na

Colonial Bancgroup Inc. (CNB)

CNB -  Too dicey!  Too dicey!...  We're sticking with the Fortress Four.. we're sticking with JPMorgan (JPM*), which I own for my trust... We're sticking with Wells Fargo (WFC), with US Bancorp (USB) and Bank of America (BAC)... And we'll only go down the food chain, and buy something like BB & T Corp. (BBT).  Remember how we felt about Wachovia Corp. (WB)... If we get the deal, it's the best stock in the world... If we don't get the deal, it could be the worst stock in the world... 

JPM*

48.24

na

JPMorgan (JPM*)

See CNB comments above for:
JPM*

WFC

37.31

na

Wells Fargo (WFC)

See CNB comments above for:
WFC

USB

36.20

na

US Bancorp (USB)

See CNB comments above for:
USB

BAC

36.70

na

Bank of America (BAC)

See CNB comments above for:
BAC

BBT

40.45

na

BB & T Corp. (BBT)

See CNB comments above for:
BBT

WB

10.00

na

Wachovia Corp. (WB)

See CNB comments above for:
WB

GOOG

431.04

na

Google, Inc. (GOOG)

GOOG -  The problem is that I've seen reports today that Yahoo! (YHOO)'s business is really weak.  There's no way that that's not going to spill over at a certain point to Google.  I agree with you that Google is best-in-show.  But I see no rush to buy any advertising-supported company.  The only rush you should see is to call the FDIC...and raise the limits of the FDIC insurance... and stop the runs in the banks right now...

YHOO

18.92

na

Yahoo! (YHOO)

See GOOG comments above for:
YHOO

       

[ 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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