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

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 10/10/08

  Dow Jones:   8,451  - 128
  Nasdaq:   1,649   + 4
  S&P 500:      899   - 10
 
 
 
 
     

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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)

JNJ*

55.85

na

Johnson & Johnson (JNJ*)

JNJ -  I have been doing the same thing for my charitable trust... scaling right into it, because that was one of the premier names that bounced back very early in 1987...  Crisp, great balance sheet, fabulous management...   JNJ* is a buy right here!  Buy, buy, buy!...  I'm calling a bottom... Someone called a bottom today... Art Hogan... let's hope he's right.  I just feel that JNJ* is the right level to get long...

GLW

12.37

na

Corning Inc. (GLW)

GLW -  Jim Flaws is a straight shooter... I've known Jim for years... Now, here's the problem...  It is still very oriented toward the consumer.  I see the consumer spending 20-30% less on big-screen TVs.  I see Sony (SNE)... sell, sell, sell... absolutely going right through the floor.   So, why should I own GLW?  Here's the deal... Under $10 bucks, we're going to really start thinking about whether to pull the trigger.  Until then, hear me roar... no thank you.

Price target to revisit buying GLW:  Under $10.

SNE

21.02

na

Sony (SNE)

See GLW comments above for:
SNE

AKS

11.03

na

AK Steel Holding Corp. (AKS)

AKS -  This is one of the single greatest selloffs I have seen in my life.  This stock has gone literally from $73 to $11, and the steel stocks have lower, lower to go.  Here's my suggestion to you... I want you to buy Nucor (NUE), because at least you get a dividend.  I think NUE is better than AKS.  Take the loss in AKS and roll into NUE.

NUE

30.75

na

Nucor (NUE)

See AKS comments above for:
NUE

CHK

16.52

na

Chesapeake Energy Corp. (CHK)

CHK - 

Note:  Caller, Greg, indicated:  "I picked up some CVRD (RIO), I picked up some ABB (ABB). I bought some GE (GE), I bought some Kinder (KMP)... and, now, I'm looking at CHK... and

Jim replied:  I should give you the show... Greg should get the show. That's everything I would be buying here...  CHK, after the close, we learned that Aubrey McClennan (CEO of CHK) has had to sell essentially all of his stock... he's been knocking the stock down... unfortunately, in the B section of the Wall Street Journal, we learned that CHK is also out of cash...  so, you know what?  Let's use the weakness in CHK to buy... to buy a company in the oil patch that actually gives a yield.  So I am saying don't buy CHK until I learn more... but you should know that friend, Aubrey McClennan, no longer owns almost any CHK, and we did follow his buys.  We got that wrong.  Don't stick with Aubrey, as much as I like him.  

RIO

12.06

na

CVRD (RIO)

See CHK comments above for:
ABB

ABB

13.85

na

ABB Ltd. (ABB)

See CHK comments above for:
ABB

GE

21.50

na

General Electric (GE)

See CHK comments above for:
GE

KMP

43.50

na

Kinder Morgan Energy Partners (KMP)

See CHK comments above for:
KMP

       

[ 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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