Monday, 09/29/08
Posted 09/29/08,  07:57 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 09/29/08

  Dow Jones: 10,365 - 777
  NASDAQ:   1,983 - 199
  S&P 500:   1,106 - 106
 
 
 
 
     

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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)

DNA

85.30

na

Genentech Inc. (DNA)

DNA -  I have been telling everyone to sell it.  Once we get a bid, I don't wait for a higher bid.  I take the profit.  I am not what is known as an arbitrager. You got a great gain.  You must take that right now...  sell, sell, selll!  Take 20% of it and keep it in cash, or keep it all in cash right now, and then gingerly look for the next biotech stock you like, and then buy it on a scale on the way down, the way I describe in Real Money...  you buy on a scale on the way down.  Do not come in all at once, and take your time. The market's going your way!

V

57.80

na

Visa Inc. (V)

V -  MA is not as good as Visa...  I think
Mastercard (MA) is going lower here, even though it's a play on the plastic-ization of the actual transactions, I don't want anything at all to retail... nothing.  So I would say, don't buy the Visa, and yes, sell, sell, sell the MA...  That one's up way too much still, and I've been trying to get people to take a profit, and it's still a triple.  Don't be afraid... I said to take it off about 80 points ago, but sell it again.

MA

168.03

na

Mastercard (MA)

See V comments above for:
MA

SNE

30.76

na

Sony (SNE)

SNE -  You know, this is one that's worth more broken up.  I happen to think that Howard Stringer (CEO) is fantastic... the guy who runs it... but I can't have you buy it... don't buy, don't buy... because, in the end, it's consumer electronics, and everybody's doing without.  It's a natural place to sell.  I am not going to send you into that burning building.

JEC

47.60

na

Jacobs Engineering Group, Inc. (JEC)

JEC -  Everyone thinks that infrastructure is slowing.  I am not going to fight that trend, okay...  Take a stock like Joy Global (JOYG), down $7 today.  The guy (its CEO) is buying back two-fifths of the company, right here...  They make mining equipment.  That's considered infrastructure too.  All the infrastructure companies I follow are falling off a cliff.  McDermott (MDR) is at $23!  I mean, their book of business is worth much more than that.  Shaw Group (SGR)... they've got multiple backlog that's bigger.  This group's in freefall.  Why?  It's owned by hedge funds, and hedge funds are selling everything that moves.  If you do like JEC, and I'm not recommending it, wait for four more days when the hedge funds might be done with their obliteration!

Wait to even consider buying JEC until Monday, October 6th.

BX

15.70

na

The Blackstone Group (BX)

BX -  At $15 bucks, I think that, uh...  You know, that's a private equity firm.  The last thing I want to own is a private equity firm.  I also want to sell, again... Fortress Investment Group (FIG)... sell, sell, sell!... This is not a sustainable business model for this environment.

AVAV

30.17

na

AeroVironment, Inc. (AVAV)

AVAV -  Under either president, we're going to get a lot more unarmed aircraft.  It's the only stock that I would have said to buy right now in this Lightning Round...

HOG

37.93

na

Harley-Davidson, Inc. (HOG)

HOG -  I don't want you to be overweighted in that group - no more than one-fifth in that stock.  That company's actually doing... It's a discretionary purchase, a big Harley... business has not been that good.  When oil goes up, motorcycles do a little better.  But I would tell you not to buy that group... don't buy, don't buy... and, if it's more than 20% of your portfolio, you've got to sell, sell, sell... even if I 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 >>

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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