Thursday, 10/02/08
Posted 10/03/08,  09:37 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 10/02/08

  Dow Jones: 10,482  - 348
  NASDAQ:   1,976   - 92
  S&P 500:   1,114   - 46
 
 
 
 
     

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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)

ES

9.55

na

EnergySolutions, Inc (ES)

ES -   No.  Uranium.  Too scary for me.  I don't want you to buy it.  Don't buy, don't buy...  Man, we've got to go for some real conservative stocks here...

CFX

14.32

na

Colfax Corporation (CFX)

CFX -  Man, they have killed that stock!  Well, yeah, because it involves oil and gas... and anything that's oil and gas, they have just annihilated.  And jeez, it just crossed that Barrick Gold Corp. (ABX) is down $6.  That's intriguing to me...  This market is brutal on anything oil and gas, so what you want to do, you want to find an oil stock...  Let's say you like this CFX... oil service... you want to buy 100 shares?...  You buy 25 at $14, and 25 at $11, and 25 at $8, and let me tell you something... it's going to get to $8.  That's how bad this market is!

ABX

31.93

na

Barrick Gold Corp. (ABX)

See CFX comments above for:
ABX

KMB

65.45

na

Kimberly-Clark Corp. (KMB)

KMB -  You have gotten the Cramer mantra!  KMB is exactly the kind of company I'm looking at.  How about this one?  I'll give you a two-fer... Today was a horrible day.  It was one of those days when you finish, and you just want to go (motioning a gun to his head)...  and I look at Clorox Co. (CLX), which is one of my favorite stocks to own... don't drink it, just own it... and CLX is up 92 cents.  What did KMB do today?  It's up 24 cents.  I am emphasizing over and over again, this is what you need to buy... defense, high dividends, some gold into the weakness, which I love, and have some cash!  That is diversification!

CLX

63.23

na

Clorox Co. (CLX)

See KMB comments above for:
CLX

HK

18.07

na

Petrohawk Energy Corp. (HK)

HK -  That's a speculative play.  If you want a speculation play, that's fine.  Everybody can have up to 20% of their mad money, not their IRA or 401K, in speculation.  If it's not your speculative play, then you've got to sell, sell, sell... because one of the things that's happening, is that the hedge funds are blasting out every single oil and gas well through their level.  I'd rather have you be in Occidental Petroleum Corp. (OXY)... I'd rather have you be in a big one... They're giving that away too.

OXY

61.90

na

Occidental Petroleum Corp. (OXY)

See HK comments above for:
OXY

SPLS

20.84

na

Staples Inc. (SPLS)

SPLS -  With Office Depot (ODP) and OfficeMax (OMX), I'd go with Staples.  That's the only comparisons because, otherwise, I do not need to own a retailer... don't buy, dont' buy.  I'm only recommending two retailers... I mean, this market is just that horrible to retail.  Nobody believes, nobody trusts, no one has money.

ODP

5.37

na

Office Depot, Inc. (ODP)

See SPLS comments above for:
ODP

OMX

8.28

na

OfficeMax Inc. (OMX)

See SPLS comments above for:
OMX

EK

15.01

na

Eastman Kodak (EK)

EK -  I thought, at $17-18, it would (turn around), then it went to $12-13, then it got a big tax refund, then it started buying back stock, and here at $15, I want to say sayonara (goodbye) to EK... sell, sell, sell... the business world is just too tough for them right now.  And they don't make toothpaste... and, until they do... until they make Head and Shoulders shampoo, count me out.

       

[ 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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