Friday, 10/03/08
Posted 10/03/08,  09:37 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 10/03/08

  Dow Jones: 10,325  - 157
  NASDAQ:   1,947   - 29
  S&P 500:   1,099   - 15
 
 
 
 
     

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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)

CSC

36.91

na

Computer Sciences Corp. (CSC)

CSC -  You know, this was a company that I thought one day would get a bid.  And, here we are at a 52-week low, which proves once again that you cannot speculate when the fundamentals are just okay.  I say do nothing!  Don't buy, don't buy.

BYD

8.04

na

Boyd Gaming Corp. (BYD)

BYD -  Alright, listen and listen up!  BYD, (bear sound)...  LVS,  (bear sound)...   WYNN,  (bear sound)...   There's a pattern, and the pattern is that I have hated these casino stocks since the beginning of the year, and I'm doubling down with hatred.  I don't like any of those stocks.  I've got to tell you... one of the greatest calls I've made - and I've made a lot of crummy calls this year - but, at the beginning of the year, I said I want everyone to sell every single casino stock...  sell, sell, sell!  And boy, that was good... That Melco Crown Entertainment (MPEL)... oh boy, that seems like tasting Alpo!

LVS

23.11

na

Las Vegas Sands (LVS)

See BYD comments above for:
LVS

WYNN

70.42

na

Wynn Resorts (WYNN)

See BYD comments above for:
WYNN

MPEL

3.21

na

Melco Crown Entertainment (MPEL)

See BYD comments above for:
MPEL

ERII

8.29

na

Energy Recovery, Inc. (ERII)

ERII -  No, you don't got jack my friend.  You've got water desalinization.  I don't need that one.

EME

22.78

na

EMCOR Group Inc. (EME)

EME -  No, no, no.  An industrial company that does not necessarily have a great yield.  EME does not have a great yield... it's got like no yield... and it's not trading through it's cash or near it...  which means my prism says ix-nay EME.

GMCR

36.37

na

Green Mountain Coffee Roasters (GMCR)

GMCR -  This is always an expensive stock, but I'm always trying to get my arms around it.  But, in the interim, I don't want to touch it.  I think... I want to make it clear that I think that
Starbucks Corp. (SBUX), down here at $13, is a better buy than GMCR, okay.

SBUX

13.66

na

Starbucks Corp. (SBUX)

See GMCR comments about:
SBUX

VSH

6.02

na

Vishay Intertechnology Inc. (VSH)

VSH -  Well, you know, they're in a takeover fight of their lives with International Rectifier, and I'm not an arbitrager.  I'm not going to tell you to buy VSH.  Sell, sell, sell!  I can't believe how low that stock's gotten.  But, boy, it is just a nasty market.

WMI

32.21

na

Waste Management (WMI)

WMI -  Now there's one I like!  That guy's pro shareholder.  He could be doing this merger.  His business is going good.  WMI is actually probably... this is like the only stock right now that has been a buy in this Lightning Round.

MOS

40.88

na

Mosaic (MOS)

MOS -  Ix-nay on MOS...  No, absolutely not.  Once these momentum stocks break... there is absolutely nothing.  Now we downgraded these stocks in the first week of August, and I got more hate mail than for pretty much anything I've ever done, for downgrading these stocks.  Now, once the end market peaks... in this case, it was the corn... it didn't matter where you sold.  And it still doesn't matter.  Agrium (AGU), MOS... okay.  Potash (POT), Monsanto (MON)...  If you have to own one, you can own TNH because it has a dividend policy, but I'll tell you the truth...  sell, sell, sell!

AGU

41.09

na

Agrium (AGU)

See MOS comments above for:
AGU

POT

95.36

na

Potash (POT)

See MOS comments above for:
POT

MON

83.26

na

Monsanto (MON)

See MOS comments above for:
MON

TNH

90.40

na

Terra Nitrogen Company, L.P. (TNH)

See MOS comments above for:
TNH

SOV

5.84

na

Sovereign Bancorp Inc. (SOV)

SOV -  Why don't you open a bank account there and save yourself a couple of bucks...  I think that SOV is part of my non-protect bank list.  In other words, you need to have everything to go right for SOV to make you a lot of money.  National City Corporation (NCC) is on that same list.  I just think everything has to go right, and I've got to tell you something...not everything is going right.

NCC

3.51

na

National City Corporation (NCC)

See SOV comments above for:
NCC

ZMH

59.67

na

Zimmer Holdings Inc. (ZMH)

ZMH -  You know, this is a company that does reconstructive surgery.... you understand, the Bionic Man... trying to figure out if this is the right level here.  This stock is all the way at a 52-week low.  What we're going to do is make a decision next week... because there's a lot of stuff involved, and I think they report next week.  Let's revisit ZMH until after they report.  Until then, don't buy, dont' buy...

       

[ 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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