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Tuesday, 02/05/08
Posted 02/05/08, 7:55
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 02/05/08 |
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Dow Jones: |
12,265 |
-
370 |
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NASDAQ: |
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2,309 |
- 73 |
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S&P 500: |
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1,336 |
- 44 |
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Opening Segment 1
Title: |
'Stock Answers'
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. . . .
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Featured Stock(s): |
No specific stock picks.
See all comments below...
See Opening Segment 2,
below...
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JJC: Don't ask why
we got hit with a
370-point decline...
Don't ask, because the why
doesn't really matter...
There's something much
more important to focus
on... It's the rhythm of
this particular stock
market. You know
what that rhythm is
already...
The rhythm, or the pattern
if you prefer, is short,
sharp rallies - as the
Federal Reserve cuts rates
- followed by lots of
selling, coming from
people who, each day, are
converted to the idea that
we are in a recession...
. . . .
.
This is where we are...
This is where I expect us
to be for months... Buy,
buy, buy!... and then
Sell, sell, sell!...
It will happen again and
again, until interest
rates are slashed so low
that, at last, everyone
will know that the economy
can get better...
. . . .
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The Bottom Line!:
The sad
bottom line is that these
days will be the norm,
until housing ticks up, or
we get some relief from
the lower rates that the
Fed's going to give us,
that impacts the rest of
the economy.
[See Jim's 2nd Opening
Segment stock picks
below... ]
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
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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) |
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Mutual-Fund-Holdings.com
NEW RESOURCE!
See Ken Heebner's CGM
Focus Fund
Top 25 holdings - The No.
3 Top-Performing Mutual
Fund in 2007
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Opening Segment 1
Title: |
'Rio's Grand'
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. . . .
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Featured Stock(s): |
Companhia Vale do Rio
Doce (RIO)
See RIO's official
website
here.
See the Yahoo!
Finance profile for
RIO
here.
See Opening Segment 2,
below...
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JJC:
Today's brutal 370-point
decline has me wishing we
were in a better place...
a magical land... where
recessions are something
that happens to other
people... Where the
middle class is actually
growing, and getting
wealthier... Where
inflation is under
control, and where the
overall investment
environment deserves to be
called stable...
Am I talking Camelot?...
No!... I'm talking
Brazil!...
You have to be sick and
tired of watching the same
fight play out every
day... the tug of war
between the Grumpy's - who
think nothing can stop the
U.S. recessions - and the
Happy's, like me, who
believe, ultimately, that
our Johnny-come-lately Fed
rate cuts will eventually
take us down the road to
recovery.
When even the upbeat
scenario in America is so
negative, you have to
believe that there are
better opportunities,
besides Camelot, to make
money in the other
economic superpower in the
Western Hemisphere...
especially since, right
now, the Brazilians are
making us look a big bunch
of losers...
That's why I'm devoting
the rest of the week -
which just happens to be
Carnival - to great
Brazilian stocks that do
not need the United States
to make you money!...
Originally, I liked
Brazil, because it was a
natural resource
powerhouse that continues
to benefit from high
commodity prices...
Oh, but this country has
gone beyond that, to
become one of the best
places to invest in the
world... albeit, one that
is constantly overlooked,
as a result of the endless
focus on China and
India... even this one's
self-sufficient with
oil...
And they've got all that
new (oil) find, right off
the coast, and the mineral
wealth's amazing, not to
mention all the land they
have to be able to grow
soy. Don't believe
me? Read the latest
Fortune magazine... great
article about the strength
of Brazilian agronomics...
Thanks to the strength of
all these industries, the
growing Brazilian middle
class has become the next
big money-making theme,
and it's the one we're
going to tap into this
week.
I like to think of Brazil
today, as the United
States in the 1950's...
flush with oil and other
natural resources, with
jobs galore, and with a
government that encourages
growth and frugality, and
sacrifice...
Remember, they sacrificed
to be able to become
OPEC-free...
We're building, this week,
a Carnival float of
Brazilian stocks... and
we're going to start off
this week with a stock
that represents the
foundation of the
Brazilian economy...
We want Companhia Vale
do Rio Doce (RIO)...
the massive mining company
that we've liked on this
show for a while...
[See Jim's past comments
on Mad Money about RIO,
pre-searched for you
here >> ]
. . . .
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The Bottom Line!:
We
can't get enough Brazil...
and not just for Carnival
and their plastic surgery
- which we really like...
It's the stocks we want,
and I believe the best is
Companhia Vale do Rio
Doce (RIO)...
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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) |
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RIO |
29.69 |
30.50 |
Companhia Vale do Rio Doce
(RIO)
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Go to the LIGHTNING ROUND from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
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Symbol keys: |
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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 >> |
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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. |
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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. |
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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. |
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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. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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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... |
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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. |
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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). |
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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
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