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Thursday, 02/07/08
Posted 02/07/08, 8:57
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Thursday, 02/07/08 |
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Dow Jones: |
12,247 |
+ 46 |
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NASDAQ: |
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2,293 |
+ 14 |
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S&P 500: |
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1,336 |
+ 10 |
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Opening Segment 1
Title: |
'Cramer's Execution
Squad'
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. . . .
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Featured Stock(s): |
No specific stock
picks...
See Opening Segment 2,
below...
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JJC:
Okay, so last night, I'm
out with the big guys...
you know, the big hedge
fund guys... the
gunslingers... the masters
of the universe!...
And one of them takes me
aside, and says, listen
Jimbo, I shorted 500,000
shares of
Pepsi (PEP)
today because, when that
thing reports, they're
going to take that thing
down $5!
This guy was already
ringing the register... he
wasn't even waiting for
the earnings report.
Today... today, he's
waterboarding himself in
the Gatorade...
The stock closed up $3.68.
Why did he lose so much
money?... Because he
got too negative. He
did what we called
'pressing'...
. . . .
.
I've got another guy...
who told me I was all
screwed up... in my
ridiculous call the other
day on
J. C. Penney (JCP)...
That's right, like the
Fed, he said I knew
nothing...
So, what happened
today?...
JCP up $3.72... and that
guy be hanging himself...
. . . .
.
There's a common theme
here... The
theme is execution!...
Indra Nooyi (CEO), at
Pepsi (PEP),
promised us that new
products would points on
the board... and they are
working. She
promised us healthier
snacking... and she's
given it to us.
She promised us control
over raw costs, and she's
done it...
And they seem to have
discovered... they
discovered at Frito-Lay
(owned by PEP), that
Doritos in China and
India... and what
they discovered... you
know what?... You
can't just eat one of
those, and when a couple
of billion people can't
just eat one, you've got
some pretty big numbers...
And international's
ramping as a percentage of
PEP's business... over
35%...
You know what I say?...
Two thumbs up.
. . . .
.
At
J. C. Penney (JCP),
we saw some clearance
sales that may have pumped
up some numbers a bit,
particularly in the
Northwest, but that's
okay... because we
still think that Mike
Ullman, III (CEO) is
turning the corner after a
miserable year... and now
you've got a good month in
hand...
Plus, beginning this
month, JCP is going to be
reporting its online
business as part of its
numbers, and I've got to
tell you, of the major
department stores, JCP's
online store is by far,
the best of all...
Check it out... I'm
not kidding... Their
online site is the best of
the majors. That
will boost numbers too...
. . . .
.
Now, I'm not talking about
the overall market being
that good... It
isn't that.
I'm not talking about a
tech rebound, because
Cisco
(CSCO)
held it... I'm going
to tear the idea of a tech
rebound to pieces later in
the show...
What I am talking about
though, is the pervasive
negativity that you may
have... that I may have...
that so often clouds our
thinking...
I want you to realize that
we cannot be blind to
opportunity in this show,
or in our daily trading
lives... or investing
lives...
You have to trust the CEOs
who've earned it, because
they can deliver in this
economy. They've figured
it out... And, if
you bet against them, you
will lose...
These are people who get
it right. Let's not
sell them short, or their
company stocks either.
. . . .
.
The Bottom Line!:
It's
easy to say it's bad, and
nobody has the execution
to deliver... It's
easy to say, Oh God, turn
off Cramer... He can't
make us money in this
environment... But
may I tell you
something?... That's
not true... And, even
worse, not paying
attention can cost you
money...
[See Jim's 2nd Opening
Segment stock picks
below... ]
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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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na |
na |
na |
na |
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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: |
'Carnival Cash'
'Call Collect'
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. . . .
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Featured Stock(s): |
America Movil (AMX)
See AMX's official
website
here.
See the Yahoo!
Finance profile for
AMX
here.
See Opening Segment 2,
below...
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JJC:
All week, we've been
talking about the rise of
Brazil as an economic
powerhouse...
This is a country that
investors can no longer
afford to ignore...
especially not with our
domestic economy in such
bad shape...
They've got stocks that
can make you a lot of
money...
. . . .
.
Now, we want to know where the
people in Brazil spend all the
money they make, exporting
this (oil) stuff, along with
their agriculture exports...
We want you to profit from
this country's development...
from the rise of the Brazilian
class... Brazilian
gentrification...
And we're going to try to do
it, by buying of all things...
a Mexican stock...
Yep, I'm talking about
America Movil (AMX)...
a stock I've liked for a long
time. I'm reiterating my
buy... AMX, the largest
cell phone operator in Latin
American, with over 153
million subscribers, 30.2
million of whom live in
Brazil...
AMX may not be a pure play on
Brazil... but, if you ask me,
it is the best play...
There are more people with
more money in Latin America as
a whole - and Brazil,
specifically - as it's AMX's
fastest-growing country, when
it comes to subscribers.
Of course, that means more
money for AMX...
Especially in countries where
there aren't many landline
telephones, a cell phone is
what you buy, when you join
the bourgeoisie... It's
a status symbol that has the
added advantage of being
useful...
AMX has been one of the best
secular growth stories of the
last five years, because of
the increasing prosperity of
Latin America. And
everything I see in Brazil,
tells me that AMX is far from
done. I think we're
early...
. . . .
.
AMX has two big competitors in
Brazil... One is called
Bibo, and the other is TIM,
each of which have about 26%
of the market, but AMX...
I call it the best of breed...
. . . .
.
If we needed to be reminded
about AMX's performance, their
latest quarter, which they've
just reported this week, was
truly stellar...
AMX earned 84 cents per
share... 8 cents higher...
what a beat!... 8 cents higher
than what those analysts were
looking for. They grew
these earnings at a 53% clip,
if you measure them in U.S.
dollars, but a mere 50% if you
use Mexican pesos...
. . . .
.
AMX beat on all the key
metrics...
The Street expected 8.4
million new subscribers.
They added 10.1 million, and
their sales came in ahead of
expectations too... Boy,
we've been looking for a cell
phone play like that haven't
we?...
We also learned yesterday that
AMX is increasing its buyback
to 65 billion pesos, or $6
billion... which comes in at
more than 6% of the total
shares (outstanding)...
You have to appreciate the
cushion that a buyback of a
growth company that's for
real... that's a cushion...
. . . .
.
AMX looks like the best play
on a proven theme...
but, strangely, it trades at a
mere 14x this year's earnings
estimates... Do you
know, that's cheaper than
Verizon
(VZ)...
Now, we love Ivan
(Siedenburg), the
non-terrible, over at VZ...
but, c'mon... VZ is only
a fraction of AMX's growth.
With this level of growth, an
American company would get a
fatter multiple, even in this
growth-unfriendly market...
If anything, it should trade
at a premium for not being
tainted by our economy...
One last point, before I add
AMX to my Carnival float...
If you own this stock, you'd
be in great company...
Carlos Slim, the richest
man in the world (It's
true!... On August 8th, 2007,
Fortune magazine reported that
Carlos Slim had overtaken Bill
Gates as the world's richest
man)... owns 33% of the stock,
and he knows what he's
doing...
Let me give you some genuine
Cramerican wisdom/horse
sense!... You don't get
to be the richest man in the
world being stupid...
. . . .
.
[See Jim's past comments
on Mad Money about
America Movil (AMX),
pre-searched for you
here >> ]
. . . .
.
The Bottom Line!:
The
best play on Brazil's
prosperity isn't
Brazilian... It's
America Movil (AMX).
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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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AMX |
58.27 |
58.50 |
America Movil (AMX)
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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
| | | | | |
