Monday, 03/24/08
Posted 03/24/08,  10:36 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 03/24/08

  Dow Jones: 12,548   + 187
  NASDAQ:   2,326    + 68
  S&P 500:   1,349    + 20
 
 
 
 
 
First Segment
 
 
Opening Segment 1 Title: 'Bottoms Up'

.  .  .  .  .

Featured Stock(s): General discussion about the end of the bear market... and the bottoming of the stocks in this market.


See Opening Segment 2, below...
 
After this segment, you can see Jim's Lightning Round picks here...

 

NOTE:    General discussion about the end of the bear market... and the bottoming of the stocks in this market.

.  .  .  .  .

JJC:   Before I say anything's a buy, we have to acknowledge that the market's moved so much, that I would only buy in small quantities now... and hope for a pullback that brings things down.  I think you'll get it...  

Sector recommendations:


In Retail, Jim recommended buying every retailer, and the stuff that goes in it...
Costco (COST)
Deckers Outdoor Corp.
(DECK)
Black & Decker
(BDK*)
Procter & Gamble Co.
(PG)

.  .  .  .  .


In Technology, Jim recommended...
EMC (EMC*)
IBM
(IBM)
Apple
(AAPL)
Research In Motion
(RIMM).

.  .  .  .  .


In the Financial Sector, Jim recommended...
Goldman Sachs (GS*) and JPMorgan Chase & Co (JPM).
 

.  .  .  .  .

The Bottom Line!:      The bear market has ended with a bang!  Don't let the positive action make you whimper because you stayed on the sidelines.  And don't buy too much right now, as we've already been up a lot.  I think we get a pullback, but then... start buying...  

 


[See Jim's 2nd Opening Segment stock picks below... ]

 

 

 



See all of tonight's stocks' latest quotes on Yahoo! Finance



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Stock Snapshots - Includes all stocks mentioned above

 

 

 

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)

COST

65.50

na

Costco (COST)

DECK

110.73

na

Deckers Outdoor Corp. (DECK)

BDK*

69.53

na

Black & Decker (BDK*)

PG

69.97

na

Procter & Gamble Co. (PG)

EMC*

14.91

na

EMC (EMC*)

IBM

119.06

na

IBM (IBM)

AAPL

139.53

na

Apple (AAPL)

RIMM

111.83

na

Research In Motion (RIMM)

GS*

178.88

na

Goldman Sachs (GS*)

Price target to buy:   Under $175.00


JPM

46.55

na

JPMorgan Chase & Co (JPM)

 


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Second Segment
 
 
Opening Segment 2 Title: 'Justice Served'

.  .  .  .  .

Featured Stock(s): Sirius Satellite Radio Inc. (SIRI)
XM Satellite Radio (XMSR)

 
After this segment, you can see Jim's Lightning Round picks here...


JJC:   Justice has been served... by which I mean, the Justice Department has, at long last, after taking its sweet time, approved the Sirius Satellite Radio Inc. (SIRI)/XM Satellite Radio (XMSR) merger!...

Now that Justice has given its approval, it's time to go straight to the last regulatory body that's standing in the way of our deal... that bastion of hypocrisy, known as the FCC...

.  .  .  .  .

NOTE:     The remaining comments pertained to the approval of this merger, and how it is still a two-step process, and that the Federal Communications Commission (FCC) now has to approve the deal, after the Department of Justice just approved it.   Jim is now focusing on pressuring the FCC to approve the deal... 

See the Bottom Line below...

.  .  .  .  .


The Bottom Line!:
     The Department of Justice has finally lived up to its name, and approved the Sirius Satellite Radio Inc. (SIRI)/XM Satellite Radio (XMSR) deal!  Now it's up to the FCC... and it's up to you and me - to us - to keep the pressure on, so that this merger happens, and happens now!...  and I don't have to switch cars when baseball season's over...            

.  .  .  .  .

 

   
 

Stock Snapshots - Includes all stocks mentioned above

 

 

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)

na

SIRI

3.15

na

Sirius Satellite Radio Inc. (SIRI)

na

XMSR

13.79

na

XM Satellite Radio (XMSR)

 

 

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.

 

 

   
   
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