Wednesday, 08/27/08
Posted 08/28/08,  04:27 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 08/27/08

  Dow Jones: 11,502   + 89
  NASDAQ:   2,382   + 20
  S&P 500:   1,281   + 10
 
 
 
 
 
First Segment
   

Please note:  Thursday and Friday's Mad Money shows were replay episodes.  The last live show was Wednesday, 8/27's episode, as shown, recapped below...
Have a great Labor Day weekend!

Opening Segment 1 Title: 'Dressed For Success?'

.  .  .  .  .

Featured Stock(s):

J. Crew Group (JCG)
See JCG's official investor relations' site here.
See the Yahoo! Finance profile for JCG here.


See Opening Segment 2, below...

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


Jim:   What do you do?...   What do you do if you're one of those unlucky people who picked up this month's Fortune Magazine, and saw this smiling fella, Mickey Drexler, the CEO of J. Crew Group (JCG) on the cover, and decided immediately to buy, buy, buy?... right before it proceeded to miss its quarter... by a furlong?...  by a meter?...  No, by a mile!... after the bell... and severely cut guidance, causing investors everywhere to puke up the stock... which is now down 46% for the year...

Do you:
A.  Hang yourself?
B.  Burn all your J.Crew clothes after making them an effigy of Mickey Drexler?
C.  Cancel your subscription to Fortune, after putting Mickey's face up on the dartboard?
or
D.  Buy J. Crew Group (JCG)?...

In my opinion, the correct answer is... you'll be surprised to hear...  D!  It's time to buy JCG... a stock that has been, until now, a one-way ticket down...

Right now, as of this morning, Mickey Drexler is once again is regarded as someone totally over-hyped, just like shortly after the time he was on the cover of Fortune a few years ago... and ended up being bounced by the Gap (GPS) not long after...

I think we want to bet on Drexler, not when he's hot, but when he's not hot... 

I'll make a prediction for you, now that the analysts are all cutting their price targets and earnings expectations...  Breen Merry and Raymond James downgraded JCG today from buy to hold, leaving only four analysts with buys and 12 with holds.

Right here, right now...  James Cramer's upgrading JCG... on this program... right here... and he's using a $35 price target for one year from now...

.  .  .  .  .

  Note:   We STRUGGLED to do as much as we could with Wednesday night's recap, due to the death in our family.  We are back from New Orleans on Sunday, and we fully intend to be better than ever next week for your convenience.  Thank you for you continued support and patience as we strive to do better for you... 

.  .  .  .  .

The Bottom Line!:     You can burn Mickey Drexler in effigy if you want... you can throw darts at the guy's picture...  just don't dump J. Crew Group (JCG).  Once they put the web upgrade in the past, I think the stock will go 10 points higher.

 

   
 

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)


JCG

25.87

na

J. Crew Group (JCG)

Price target by 8/28/09:   $35.00


       

 

 



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



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Second Segment
 
Opening Segment 2 Title:

'In The Ring - Head-to-Head Comparison'

'Drug Wars'

.  .  .  .  .

Featured Stock(s):

CVS Caremark Corp. (CVS)
See CVS's official investor relations' site here.
See the Yahoo! Finance profile for CVS here.

and...

Walgreen Co.
(WAG*)
See WAG*'s official investor relations' site here.
See the Yahoo! Finance profile for WAG* here.

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


Jim:    In the war between the pharmacies... admittedly, not as exciting as the war between the states...  how do you know which one you want to back?...  CVS Caremark Corp. (CVS), at $37.09 or Walgreen Co. (WAG*), at $35.28?...

To figure out which one is the better buy, you've got to think like a money manager... 

.  .  .  .  .

  Note:   We STRUGGLED to do as much as we could with Wednesday night's recap, due to the death in our family.  We are back from New Orleans on Sunday, and we fully intend to be better than ever next week for your convenience.  Thank you for you continued support and patience as we strive to do better for you... 

.  .  .  .  .

The Bottom Line!:     This is not a market that seems to favor complexity or questionable execution... two things CVS definitely has now...  I think you stick with solid simplicity right now, because the market is so difficult...  and own Walgreen Co. (WAG*), like I do for my charitable trust.

 

   
 

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)


WAG*

35.28

na

Walgreen Co. (WAG*)


CVS

37.08

na

CVS Caremark Corp. (CVS)

 

 

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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