Wednesday, 01/23/08 Posted 01/23/08,  11:41 pm ET	(Scroll down to see Jim's comments below)

Today's date:  Wednesday, 01/23/08
	Dow Jones:	12,270		+ 298
	NASDAQ:		2,316	+ 24
	S&P 500:		1,338	+ 28

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Stock Snapshots - Includes all stocks mentioned above

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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)
	TJX	31.75	31.95	TJX Companies, Inc. (TJX)
	CVS*	37.09	35.90	CVS Caremark Corp. (CVS*)
	JCG	41.69	41.90	J. Crew Group, Inc. (JCG)
	COST	68.61	68.38	Costco Wholesale Corp. (COST)

 

Even now that I believe we've bottomed...  I think the bottom is here, and I think that things are still pretty crazy...

I don't think we want to take too much risk... My feeling with bottoms is that you re-visit them a couple of times...  maybe going a little bit higher each time...

So, we're going to take it from the perspective that we are going to have a pullback, and we also know that these rotations - these endless buying and selling of whole sectors - keeps sending down the good with the bad, and vice versa...

So we're looking for anomalies... 

.  .  .  .  .

Sure, we got more than a 600-point swing today, and that was great if you bought at the low.  You could even ring the register (and sell) at the high...

That's the best evidence we need stocks that we can trust though... stocks we won't panic and sell, so we can take advantage of days like today...

See, we are entering a period of wild swings... ask me about... I re-wrote the show five times today...

.  .  .  .  .

I smell a bit of a pullback tomorrow... I say a bit, because I don't expect it to be severe... We might get it tomorrow... we might get it Friday...

But you need to get a list ready... 

I sense a lot of you... people didn't have their list for the decline... they didn't know what they would buy, if the market came down...   Were you ready?  Most people aren't...

So, if you aren't, and you don't have a list, let me give you two solid suggestions right now... 

.  .  .  .  .

The way to do - not risk-free, but as close to risk-free investments as you can - is to buy stocks that have no earnings risk...  stocks that have already reported great numbers...  the ones that have already been tested and proven...

That doesn't mean that we couldn't get the sector wrong, but at least we know we won't get the stock wrong...

This is a method I used to use at my hedge fund.  I don't run a hedge fund anymore...

Sometimes things were so difficult at that hedge fund... that I would just say, would you give me something I know?... Not something I don't know?...

You don't want to put yourself in an Apple (AAPL)-like position, where you buy ahead of the quarter and then get crushed... 

.  .  .  .  .

So I've got two stocks that cannot crush you like that... because they've already pre-announced sharply higher earnings... and then, when they announced the actual earnings, they beat the revised guidance again...

I call these twice-blessed stocks, and they are serial beaters of the estimates...

And their names are... IBM (IBM) and DuPont (DD)...

.  .  .  .  .

I think these two stocks are the safest industrials to buy right now on any pullback...

.  .  .  .  .

The Bottom Line!:     We need stocks we can rely on in a crazy, rollercoaster market.  And I believe that means - when we get the selloff - I am expecting we need to pull the trigger, yes, on IBM (IBM) and DuPont (DD).

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)
	DD	45.36	45.53na	DuPont (DD)
	IBM	106.10	106.38	IBM (IBM)

 

Go to the LIGHTNING ROUND 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.