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Friday, 04/04/08
Posted 04/06/08, 11:55
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Friday, 04/04/08 |
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Dow Jones: |
12,609 |
- 16 |
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NASDAQ: |
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2,370 |
+ 7 |
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S&P 500: |
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1,370 |
+ 1 |
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Opening Segment 1
Title: |
'Cramer's Game Plan
For Next Week'
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. . . .
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Featured Stock(s): |
No specific stock picks.
In this segment, Jim takes
issue with Congress
considering the adoption
of a bill that will
provide a $6 billion tax
rebate for homebuilders.
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC:
There's a diabolical
conspiracy... an
organization that's trying
to assault our
already-weak economy by
sabatoging the very value
of your home... Who would
do this? Who would do this
you ask?... What financial
sadists would try to crush
home values?... When we
won't see a true recovery
until housing prices stop
going down... What gang of
miscreants wants to
prolong the pain?... I'm
talking about an
organization right in
front of us... The United
States Congress. Yes,
that's right... The United
States Congress is giving
a $6 billion tax rebate to
the homebuilders... which
is just about the worst
possible thing they could
do with the money... As
far as I'm concerned, this
tax rebate amounts to an
act of economic
terrorism... it's
outrageous... it's
immoral... and worst of
all, the way I see it,
it's a big mistake.
Even I was surprised at
the level of incompetence
in our legislature when I
heard about this rebate to
the homebuilders... We
cannot let this stupid
provision happen...
That's why, this week, my
Game Plan is a little
different... I'm being
political...
Pick up the phone... Call
your congressperson...
Tell him or her to roll
back the $6 billion tax
rebate for the
homebuilders. Tell your
representative to stop
trying to bulldoze your
home's value.
. . . .
.
The Bottom Line!:
If you want our economy to
recover... If you want your
house to stop losing its
value... If you just think
it's wrong to reward a bunch
of multimillionaires who
helped cause the mess we're
in, while we do nothing for
the victims - hard-working
homeowners - then make that
phone call to your
congressman, and don't
forget to tell them Cramer
sent you.
[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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na |
na |
na |
No specific stock picks.
In this segment, Jim takes issue
with Congress considering the
adoption of a bill that will
provide a $6 billion tax rebate
for homebuilders.
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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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Final Segment 1
Title: |
CEO Interview with
Fred Hassan, CEO |
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. . . .
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Featured Stock(s): |
Schering-Plough (SGP*)
See SGP*'s official
website
here.
See the Yahoo!
Finance profile for
SGP*
here.
2nd segment picks
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
Jim's Comments BEFORE
the interview:
One stock dominated
trading this week, and it
was SGP*, a stock that I
own for my charitable
trust... On Monday, I
brought in Fred Hassen,
the CEO. The stock has
just... I mean, it's
gotten pummeled. Now, Fred
came on right after the
announcement of a new
study, showing that
Vytorin and Zetia - two
blockbuster cholesterol
drugs... $5 billion in
sales that SGP* markets
with MRK - weren't any
more effective than older
drugs. That was what the
panel said.
Hassen told me that he
would do whatever it takes
to turn SGP* around, and
he said that on Monday...
And then, on Wednesday
night, we hear about this
company's turnaround plan
- a huge cost-cutting
initiative - and it
couldn't have come sooner.
The stock has been up
since then. SGP* intends
to cut a billion dollars
in costs, on top of a
previous $500 million
cost-cutting plan, for a
total of $1.5 billion.
Most of the savings should
come from the integration
of Organom, which SGP*
acquired last year, from
what appears to be a
terrific pipeline,
particularly in women's
health drugs and central
nervous system drugs.
Bizarrely, for a drug
company, SGP* is now
trading at just 9.7x
greatly-reduced earnings
estimates. And, especially
with this news, I have to
tell you, I think it's
grossly undervalued. But,
remember, I've been
wrong...
According to the most
bullish analyst who covers
SGP*... the company has
the second-highest number
of drug approvals expected
in the industry, from
2008-2012. It's #1 when
you compare the sales
potential of these drugs
to SGP*'s size.
I've been waiting so long
for some really good news
on this one, and we still
don't have the full
details about the extra
billion dollars in cost
cuts. We do know, however,
that the company's stock
reacted positively. We
also know that Fred Hassen
did not duck tough
questions. He didn't need
to come on the show... He
didn't need to explain
himself. He could have
hidden, like a lot of CEOs
did, but he didn't.
So, I'm bringing Fred
Hassen back on the show
tonight to talk about the
new plan... Mr. Hassen,
welcome back to Mad
Money...
. . . .
.
Jim's Comments AFTER
the interview:
Look, I think there's a
lot of upside here. I
know, people could say,
Jim, you said that at
$20... You said that at
$25... Now you think
there's upside. You are
not doing your job... And
what I can say is, I did
not think this study was
as bad as the media did,
or those doctors did. I'm
sticking with SGP*... I'm
sticking with it. What
more can I say.
. . . .
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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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SGP* |
16.12 |
na |
Schering-Plough (SGP*)
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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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