Wednesday, 10/08/08
Posted 10/09/08,  08:01 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 10/08/08

  Dow Jones:   9,258  - 189
  Nasdaq:   1,740   - 14
  S&P 500:      984   - 11
 
 
 
 
     

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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)

DRYS

20.88

na

DryShips, Inc. (DRYS)

DRYS -  Man, I'm a submarine in action!  I'm going to torpedo you!  Come on!  The only ones I'm recommending are Frontline Ltd. (FRO) and Nordic American Tanker (NAT).  And those aren't so good!  You have got to understand that these tankers... the Baltic Freight rates go down like the Titantic... Everyday, the Baltic Freight rates go down, and that indicates what's going to happen.  So tankers are ix-nay, except for those two, because the balance sheets are good... FRO and NAT...

FRO

36.05

na

Frontline Ltd. (FRO)

See DRYS comments above for:
FRO

NAT

27.33

na

Nordic American Tanker (NAT)

See DRYS comments above for:
NAT

DE*

37.99

na

Deere (DE*)

DE* -  I bought some Deere the other day for my charitable trust.  Why did I do that?  Well, #1... The stock has literally been cut by two-thirds.   #2... business is actually good.  Why are people worried?  Because they're worried about financing.  DE* is a big issuer of commercial paper.  Well, just the other day, the Federal Reserve says, listen, we're okay with commercial paper, we'll buy it.  I think that the "much ado about nothing" Deere slide is an opportunity.  Now, how fast is the opportunity and why should you pull the trigger?  Because this is one of the best companies in the world, it makes the best farm equipment, and the United States is still king of equipment, and we are still in worldwide famine mode, even if we do not use as much ethanol as we did once.  I rest my case!

NVS

49.80

na

Novartis AG (NVS)

NVS -  What is not to like about these drug stocks?  I don't understand...  Every day, people come in and sell them.  That's a mistake.  I'd pull the trigger on NVS right here!

ABB

15.10

na

ABB Ltd. (ABB)

ABB -  People are cutting numbers, people are cutting numbers...  Do I think that's right?  I think the big infrastructure projects are still on... I think the Chinese are still on...  I think that people are still building things... but, you know what?  I have fought this battle long enough and, while I like the stock... don't buy, don't buy...  It did trade at $13 today.  The numbers are coming down.  I am going to wait until it goes back to $13, before I pull the trigger, because people have completely given up on infrastructure, and I am tired of whacking people... it's a big hedge fund name.  We have had other infrastructure names go down every single day, and this one's more expensive than them.

AIB

12.88

na

Allied Irish Banks plc (AIB)

AIB -  You know, I look at that AIB yield, which is 13%, and you know what I call that?  That's a red flag (warning)!  When we see yields that are that big, we think of Bank of America, which cut its dividend in half!  I've got to tell you... AIB was at one time one of my biggest positions when I used to run money professionally... I'd go over to Ireland, which is absolutely one of my favorite countries... I've been there a couple of times, and AIB is a great-run bank, but anything involved in banking in Europe is now in total bear-market mode.  I'm not pulling the trigger on AIB.

APC

34.80

na

Anadarko Petroleum (APC)

APC -  Alright, let's have just a word about natural gas...  First of all, natural gas is exactly where it was last year at this time.  I know that sounds unbelievable...  Why does it sound unbelievable?  Because... and let's use Chesapeake Energy Corp. (CHK)... let's use them all...  CHK is down almost half from where natural gas was last year... down half.  APC is the same thing.  I want one of these natural gas guys to come on air, because I think that, when they didn't get the auto bill, that was going to be compressed natural gas (CNG), and the fact that oil's coming down, everyone's given up on these stocks.  I say pick one natural gas company and buy it down.  They don't have good yields, but I've got to tell you...  I cannot recommend the sale of APC down here.  That is just ludicrous.  I can't believe how low it is though.  It's owned by hedge funds... hedge funds gone wild... and they're killing their own stocks.

CHK

22.41

na

Chesapeake Energy Corp. (CHK)

See APC comments above for:
CHK

EMR

36.15

na

Emerson Electric (EMR)

EMR -  EMR is another stock I'm going to spend tomorrow atoning for...  This is one of my "new technology" stocks, because they make things we really need, and in the meantime, the stock is just unbelievably cheap.  It goes down everyday...  That's hyperbole... and I've got to tell you something... I think EMR is dirt cheap and no one's listening.  No one's listening to Cramer on the industrials, so Cramer's zipping his lips up and he's not going to recommend EMR, because he's tired of assassinating people with industrials.

VZ

27.73

na

Verizon (VZ)

VZ -  You know, right now, the rumor is that Verizon is going to walk away from the Alltel deal and, in the meantime, VZ has got a great yield.  Has that mattered for VZ or AT&T (T)?  T and VZ both yield 6.5%.  Now, can you get hurt in either stock yielding 6.5%?  Absolutely.  This is one of the worst markets I've ever seen.  Do I like VZ with a 6.5% yield?  Yes.  Do I think VZ is solvent and doing well?  Yes!  Do I want to pull the trigger on VZ?  Yes.  I'm sorry, I'm not backing away.  I'm not.

GT

13.72

na

Goodyear Tire & Rubber Co. (GT)

GT -  No, look... GT should be going up because the raw costs are going down.  Obviously, it's petroleum, but the car business is so horrible, I'm not a buyer... I'm not a buyer.

RIG

81.69

na

Transocean Inc. (RIG)

RIG -  Well, first of all, congratulations.  This stock traded in a 10-point range today... a 10-point range.  This is the premier deep-water driller.  It does not have a dividend, which would have helped... but I will tell you right here, right now, that you've got a great price, and you know what you should do?  I think you should take the trade (and sell)... that's how awful this market is.  You've made 7 points... I want you to take the 7 points, and I want you to book them... and, after you've booked them, I say, "hallelujah!"...

       

[ 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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