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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: Before we
start to do the Lightning Round,
I always like to do a little
housekeeping of something left
over from last week. And
last week, Ben in Maine asked
about SIG. I was stumped,
did not know it... They
are a U.K.-based retailer of
specialty jewelry. 70% of
their business, though, is in
the U.S. through Jared and Kay
Jewelers. So it's one of
the world's largest specialty
jewelers. Now, I've got to
tell you... they may be as
well-run as all get out, but you
simply cannot recommend a
jeweler in this environment.
The discretionary sales, they're
just not happening, so let's
stay away from that.
X - Alright, let's go over
this, because what's happened is
that this is a stock that
literally... I'm going to make
this very, very clear... here's
what happened here... This
company started at this level.
If you go back and look at a 3-5
year chart, you're going to see
X basically at this level.
I did a whole show about the
idea that we're going to roll
back the whole gains that we had
since 2005, when China became a
great world power and consumer
of everything... X has now made
the complete roundtrip with its
gigantic decline today.
It's got a good balance sheet,
it has great management in John
Sirna, but here's what you need
to know... The price of steel is
coming down, and there's no way
that Wall Street is going to sit
there and recommend a stock
where the raw commodity is going
down in price. So X will
have to overshoot... maybe even
go as low as the $40s or $50s,
before it bottoms. Is that
ridiculous? Yes!
But, is Wall Street ridiculous?
Absolutely! So that stock
is going to overshoot to the
downside, so I can't
pull the trigger yet,
even though I liked it higher
when steel was going up.
But we made many shows here,
when we said the industrials
cannot be owned anymore, and
that's an industrial... it needs
to go lower.
HON - (as Jim checks
the stock quote, he says...)
Wow, $39! I've got to tell
you, man. There are some
frightening prices out there.
HON now yields 2.77%. It's
run by Dave Cote, who's an
unbelievable manager. It
is hated... I did a show
last week about anybody that has
anything to do with
Boeing (BA)
is going lower... it was in my
Sell Block... That's HON.
I need to see that strike
settled, I need to see that done
now. Until then, I'm not,
not, not
pulling the trigger. I'm not
doing it.
JEF - Very well-run,
but I'm not recommending any
brokers. I just won't do
it. JEF is one of the best
of the lot. A guy named
Handler runs it. He's
totally responsible, a good
guy... but I'm done with that...
I'm done recommending
brokers, because all I do...
when I recommend a stock... is
hurt people. And I'm done
hurting people if I can avoid
it.
AUY - Yamana is the
poor... I like Marrone,
the guy who runs it, but he has
disappointed, disappointed,
disappointed... so I am NOT
going to recommend that stock,
even though I think everybody
should have a position in gold
or gold bullion. I don't
want to recommend that one.
ACI - You know, if
Obama wins, the last thing you
want is coal. You know
what? If Obama wins, I may
throw out my Weber (grill) with
the charcoal... anything coal's
no good with Obama. So I
do not want to recommend ACI.
I feel terrible that I'm saying
"don't buy" to a lot of these
stocks, but I AM saying "don't
buy" to a lot of these stocks.
[
end of lightning round ]
After this segment,
you can see Jim's
Closing Segment picks
here...
Go to the CLOSING SEGMENT from
tonight's showhere >>
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:
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...
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.
