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Tuesday, 03/11/08
Posted 03/11/08, 10:47
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 03/11/08 |
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Dow Jones: |
12,156 |
+
416 |
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NASDAQ: |
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2,255 |
+ 86 |
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S&P 500: |
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1,320 |
+ 47 |
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Opening Segment 1
Title: |
'Peaks And Rallies'
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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: Days like
today are why it's worth
it to stay in the game...
so remember this rally, so
the next time we're down
big... and you're thinking
about giving up...
remember this rally... the
next time things are at
their ugliest... because
that's what you must buy,
when you see it so ugly...
In CONFESSIONS
OF A STREET ADDICT, I talked
about the most money I
ever made was exactly in
one of those rallies.
I bought the worst
stuff... I bought
tech, in April of 2000...
Can you imagine?
Remember that... when the
Nasdaq had gone from 5,000
to 3,000?... bounced to
4,000... I had
little faith in the stocks
I bought, but I still
wanted to profit from the
rally...
The advantage here is that
I actually have long-term
faith in what I'm
recommending... I
actually like agriculture,
oil, natural gas, and
minerals... because
they're not that
expensive, and they have
great international
exposure... I do
like them long-term and
short-term, but I do
recognize that, when they
go down, they go down hard
and fast and people hate
them...
Still, you can come out
ahead. You just have
to take a longer-term
approach, and be active,
not passive...
In this market, you want
to trade around a core
position... I talk about
this in every single one
of
my books...
It's not that
complicated...
Pay attention. Very
important... Say you own
100 shares of
Potash (POT)...
a Cramer fave. It's
up big today, so you sell
25 shares here, up huge...
Up $10... It should
be up more in about 5
trading days... and you
say, why don't I hold it
all... because I don't
know... I'm no seer...
but that's how oversold
rallies have worked.
That's the pattern.
They tend to be higher a
week from the day they
start. So, in 5
days, you sell another 25
shares of POT... And then,
if it comes down, because
of some miserable selloff,
caused by some Fed
governor who says that I
don't believe that the
real problem is recession,
it's inflation...
Then, if the price drops
below where you sell it
today, you buy back 25
shares. It's just
buying low, and selling
high... Only you
never buy or sell more
than a small fraction of
your core position (i.e.,
trading around your core
position)...
That's my recommendation
for how you stay ahead in
the market.
Is it too trading
oriented? With
commissions so low, forget
about it... It's
perfect!
. . . .
.
What's the third thing we
learned?...
This is a good interim
step, what the Fed did,
but this market needs your
house to stop declining in
value, before we get
something so sustainable
that I'm telling that you
can be less than cautious,
okay?...
And that's my takeaway
from the Fed's decision
(today) to lend $200
billion out to the banks,
in return for all that
crummy mortgage paper I've
been talking about...
. . . .
.
Any action from the Fed is
better than where we were
yesterday, right?
And the latest plan
actually helps the markets
more than a rate plan
would have. Good...
so the dollar doesn't get
killed anymore...
So, what does the Fed need
to do in order to solve
the problem once and for
all, beyond the fact that
we need to have our houses
stop going down in
value?...
If you ask me, it needs to
crush some of the rocks by
taking away some of them
permanently... the
rocks, by the way, are
mortgages of all kinds.
You know what would really
have been great?...
If he had just ripped it
up... take $200 billion
right off the table, and
not put it back... instead
of just the collateral
borrowing thing... we need
the Fed to buy these
bonds, and retire them...
If they're as good as
everybody says - as I said
last week - hey, then the
government's actually
going to make some money
on the stuff too, okay?...
The Fed can create
Treasury Notes, sell
them... and take the money
to buy mortgages...
. . . .
.
The Bottom Line!:
I believe this is a
respite from the gloom...
one that can last a bit...
As we rally, I want you to
take off (i.e., sell) what
you can... get ready for
the next bit of bad news
that will trigger another
selloff... don't
lose your caution...
But remember today, and
store it... Remember
it... recall the up-400
day, and always remember
that you can make money in
the stock market on an
occasion or two, if the
Fed does the right thing,
and we're down enough for
it to matter.
[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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General Comments.
No specific stock picks.
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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: |
CEO Interview with
Linda McMahon, CEO |
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. . . .
. |
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Featured Stock(s): |
World Wrestling Entertainment
(WWE)
See WWE's official
website
here.
See the Yahoo!
Finance profile for
WWE
here.
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After this segment, you
can see Jim's Lightning
Round picks
here... |
Jim's Comments BEFORE
the interview:
Sure, we're celebrating
the biggest gain we've had
in five years...
it's just terrific.
I hope you take some of it
to the bank...
At the same time, we're
not losing our caution,
okay?... We
are not going to throw
caution to the wind,
because that costs us a
fortune...
So we're still looking for
good stocks, with good
dividends and good
growth...
What could be better than
a stock with a great big
dividend, and high,
consistent earnings
growth? I've been
screening for these all my
life... If we're
talking about stocks,
nothing beats that
combo...
But most people never
thought it was possible to
have these two things
together. It
supposed to be the stuff
that dreams are made of...
In fact, if you want that
combination of high yield
and high growth, I've got
one...
I want you to look no
further than
World Wrestling Entertainment
(WWE),
a stock that we've been
behind since this show
started. In my
eyes, this is an
un-sponsored and
undiscovered diamond in
the rough... I
never hear anybody talk
about it - other than our
show - as a stock.
Everybody talks about it
as a TV show...
I think many on Wall
Street are ignoring this.
Why? Because I think
they're snobs...
They don't watch WWE...
Maybe they even look down
on you when you watch it.
Too bad for them.
It's their loss. On
Mad Money, we paid
attention. We're up
13.8%, including
dividends, since we got
behind this one,
on October 19th of 2006...
This is a stock with an 8%
yield... a champion among
yields, by anyone's
standard. It got
that high, because WWE
raised the dividend by 50%
on February 21st. We
don't get those very
often.
Get this... here's the
real twist... They
didn't raise the dividend
for the members of the
McMahon family, who run
the company... they
boosted the dividend for
you... unbelievable.
We've got to find out why
they did this...
How about the growth?...
On February 12th, WWE
reported a blowout
quarter, where they grew
earnings at 36%.
Revenues were up 23.2%
year-over-year. No
one believed in these
guys, except for you...
The stock now trades at
just 19x the consensus
earnings estimate for
2008, despite growth
nearly double that
multiple in the last
quarter, coupled with its
huge dividend.
How can they have both?...
Extremely loyal fan
base... fabulous
cable ratings...
expanding globally...
They love pro wrestling in
Eastern Europe...
Can they sustain it?...
I think so.
Certainly Wall Street has
consistently
underestimated this one.
None of the major firms
cover it...
I look at WWE and
sometimes I think, maybe
it's too good to be
true... the
dividend... altruistic
dividend... growth... the
fact that it's so
overlooked and
under-covered...
Unbelievable...
Can a stock really be this
good? How about we
ask Linda McMahon, WWE's
CEO... who must be doing a
fabulous job, going by
WWE's results...
. . . .
.
Jim's Comments AFTER
the interview:
You are terrific.
Thank you... thank
you for making everybody
money... That's what
matters.
. . . .
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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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WWE |
18.16 |
18.63 |
World Wrestling Entertainment
(WWE)
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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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© 2005-2007 MadMoneyRecap.com ■
Important disclaimer: This site is
not affiliated with Mr. James
Cramer, and is not associated with
any television networks or
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
conclusions. Also, data presented
on this site should not be used to
make investment decisions and
accuracy, although attempted,
cannot be guaranteed. Please
consult with your own financial
advisor for professional advice. |
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