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Monday, 03/10/08
Posted 03/10/08, 10:20
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Monday, 03/10/08 |
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Dow Jones: |
11,740 |
-
153 |
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NASDAQ: |
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2,169 |
-
43 |
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S&P 500: |
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1,273 |
- 20 |
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Opening Segment 1
Title: |
'New World Order'
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. . . .
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Featured Stock(s): |
General Comments.
No specific stock picks.
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC: We are no
longer in a market where I
think stocks are innocent
until proven guilty...
That's over... We
are not in Kansas
anymore...
This isn't an American
market anymore... it's a
Soviet market... where
stocks are just plain
guilty, until proven
innocent...
There are hundreds and
hundreds of big-cap stocks
that I can't even make a
potential argument in
favor of... even a bad
argument...
Does that mean you should
clear out of stocks
entirely?...
No! Of course not...
I still believe, despite
this (caution) sign on my
head, that they're the
best asset class around.
And, even in this bleak,
and certainly not brave,
new world, we know that
things will get better
eventually...
perhaps at a lower
level... with a big
emphasis on 'eventually,'
and an even bigger
emphasis on 'lower'...
You can't allow yourself
to panic, because of all
the negativity...
. . . .
.
Now, it may seem like
things have never been
worse than they are now...
But, in fact, they
actually were in 1990.
At that point, nearly
every bank seemed like it
was about to go under.
Now we only have what
seems like a third of them
about to go under...
. . . .
.
I suspect we will see a
run on, not one, but many
banks before we hit bottom
this time around...
I suspect we'll see people
lined up at the branches
of some of these banks
that really screwed up...
The authentic Wall Street
jibberish here is that you
need to focus on capital
preservation, not capital
appreciation...
We're just going to try to
lose less than the other
guys... we're going to try
to lose less in this
period... or, at
best, go for modest gains
now and in the near
future, when we see that
they're possible... so
that, when we start seeing
the light at the end of
the tunnel, you can put
your money to work...
What you can absolutely
cannot do is try to make
big gains now, because
you'll most likely only
end up with big losses,
and that means you'll have
less money to work with,
when things get better...
. . . .
.
The Bottom Line!:
Right now, there's not
much cause to be
optimistic... But
now you know what could
make us short-term
optimistic... oversold
conditions, too much doom
and gloom, and a
catalyst... but
that's not going to cause
a real bottom, as you will
find all week. There
are a few things that can
be bought in this Soviet
market and, if you stay
with me, you'll hear one
that passes the new
rigorous smell test...
Oh, and remember...
We've been here before,
and we're still
standing...
[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
investing books ordered:
(click any book to see at
Amazon.com) |
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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 2
Title: |
'DNA Evidence' |
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. . . .
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Featured Stock(s): |
Genentech Inc. (DNA)
See DNA's official
website
here.
See the Yahoo!
Finance profile for
DNA
here.
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC:
In an environment such as
this one, I don't think
it's responsible of me to
be recommending too many
stocks...
There are just so many
things that go into
picking a good stock, and
there are just so few
things that can work...
that even the definition
of what I try do for a
living on this show is
changing...
Remember, we're in the new
world, where caution - not
cash, because cash doesn't
do much - caution is
king... and we want
stocks that can deliver
what I call modest
gains... Hey man, if
we could be up 3-5%, it
would be killer here...
We want modest gains,
while protecting you from
big losses... not stocks
that can give you wins...
There aren't likely to be
many big winners in this
market... and it's
just not prudent to try
and go looking for them...
In other words... in honor
of the pending baseball
season... we're
going to be happy hitting
some singles... just
getting on base...
The long ball's off the
table. I'm bunting
to get on (base)...
. . . .
.
That said, it never pays
to get too negative, and I
do think that I have a
stock that can work for
multiple reasons right
here...
Here's something that
could work... especially
because we are due for an
oversold stock rally...
and the stock - and I
don't mind this... I think
this one will work... and
I spent a lot of time
trying to figure out
whether I should go out
with this... I
think that we can buy Genentech Inc. (DNA)...
. . . .
.
It's got an analyst
meeting - a catalyst -
this Friday... where I
think we're going to hear
a lot of good things...
I think we can get on base
with DNA...
While everything was
heading south in 1990,
biotech was actually going
up...
Of the major biotech
players, DNA is the one
with the best growth.
It's also the least
expensive... kind of a
strange anomoly...
I think it has the most
potential for estimate
increases... which
should be enough to send
it higher, even in this
environment.
. . . .
.
The Bottom Line!:
This is a brutal and
negative environment...
I see some silver
linings... Not
everything is going to
head down. Biotech
is the one group that has
worked through this
period, no matter what.
I believe Genentech Inc. (DNA),
with its analyst meeting
coming up Friday, is one
of the few good
opportunities or, better
yet, a hiding place with
upside. Do this for
me... This market's
crummy... It's going
to be crummy tomorrow.
It was crummy last week...
But sometime between now
and Friday, there'll be
another big hammering of
the whole market.
Act then. Don't act
tomorrow morning or then
the whole trade's going to
fail, okay? You act
then, into the discount...
I think you get yourself a
nice
low risk/high reward
trade...
. . . .
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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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DNA |
78.21 |
79.89 |
Genentech Inc. (DNA)
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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
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. |
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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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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. |
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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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Important disclaimer: This site is
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Cramer, and is not associated with
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broadcasts. Please note that all
thumbs up or thumbs down
indicators are not always clearly
indicated on the show and are
interpreted by us as accurately as
possible. Some comments have been
edited for brevity and clarity,
and extraneous material omitted. Please rely on watching
the show yourself, doing
your own homework,
and reading the text of the
comments to draw your own
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on this site should not be used to
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accuracy, although attempted,
cannot be guaranteed. Please
consult with your own financial
advisor for professional advice. |
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