Tuesday, 09/02/08
Posted 09/03/08,  08:43 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 09/02/08

  Dow Jones: 11,516   - 26
  NASDAQ:   2,349   - 18
  S&P 500:   1,277   - 5
 
 
 
 
 
First Segment
   
 

Opening Segment 1 Title:

'CEO Interview'

'Natural Selection'

.  .  .  .  .

Featured Stock(s):

Interview with Andrew Littlefair, CEO
Clean Energy Fuels Corp. (CLNE)

See CLNE's official investor relations' site here.
See the Yahoo! Finance profile for CLNE here.

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

.  .  .  .  .

Jim's comments BEFORE the interview:     Forget fuel cells... forget hybrids...  If you want to know the fuel that our cars will run on in the not-too-distant future, I believe - unlike the press...  a fuel that's 40% cheaper than gasoline and cuts pollution by 90%... you don't see that in the press...  look no further than compressed natural gas.

We have 120 years of supply right here in North America...   I say bye, bye dependence on foreign oil...  and we know this isn't a pipedream...  because they've been running cars and trucks on compressed natural gas in Argentina on a larget scale since 2002.  Hey, let's throw in the fact that the price of natural gas is flat year-over-year, down horribly today... down to $7.20 today... while oil is still up big. 

And how about this?...  Horizontal drilling has let us get to more natural gas in the shales than we ever got before.  As long as you believe, as I do, that natural gas can stay at these levels, I mean, you've got yourself the fuel of the future...  that not even the democrats can object to...

That's why I've been recommending Clean Energy Fuels Corp. (CLNE)... on August 1st, and again last Monday, because Nancy Pelosi - the democratic speaker of the House - is also a shareholder. 

This is a company that makes natural gas fueling stations.  It's an enormous beneficiary of low natural gas prices, which should convice more states and even the federal government - not to mention consumers - that compressed natural gas is the way to go.

I want to hear more about this company, so I've invited Andrew Littlefair... I'm thrilled to have this guy... he's the CEO of CLNE... on the show to talk about his company.

Mr. Littlefair, welcome to Mad Money...

.  .  .  .  .

Jim's comments AFTER the interview:     This one's a winner!  Come on... It's only a matter of time before people realize...  Go read the advertisement today... If you believe, like I do, that this is the fuel of the future, Clean Energy Fuels Corp. (CLNE) is one of the best ways to play it, especially when natural gas comes down in price.

 

   
 

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)


CLNE

17.25

na

Clean Energy Fuels Corp. (CLNE)



       

 

 



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



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Second Segment
 
Opening Segment 2 Title:

'Rally Reality'

.  .  .  .  .

Featured Stock(s):

General stock market comments.
No specific stock picks.

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


Jim:    Oh, it was the best of times... it was the worst of times... with the worst being the last (part of the day today)...

But the takeaway from today's market is simple...  I believe the rally this morning, albeit exaggerated, where the Dow was up 244 points, was the real...  that was the real deal.

The selloff, down 27 this afternoon, while irritating, I think was the head fake.  I think that was the false move.

Why do I think this?  Why am I bullish?  Well, frankly, because everyone who comes on air and everyone I read is way too negative.   That makes the expectations set very low, and I think many of the companies - with the exception of the commodity companies - will blow away the earnings...

The selloff today were started by worries about a recession, and that's why the Dow fell.  That couldn't be more wrong!  The Dow isn't the index you should be looking at right now...  that's not what you should be worried about...  you should worry about about two different indicies... the KBW Bank Index (^BKX) and the PHLX Housing Sector Index (^HGX)...  They're the ones that signal whether or not we're in a recession...  and those were both up beautifully today...   

.  .  .  .  .

The Bottom Line!:     I think there are just too many positives, including the pervasive negativity for you to be really bearish right now.  Don't take your key from the last part of the market.  Take your key from the first part.  The turn you saw earlier today when the Dow was up big, is for real... although it was up too much.  Don't be fooled by the decline that followed.

 

   
 

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

na

na

General stock market comments.
No specific stock picks.



       

 

 

 

 

 

 

 

 

 

 

 

 

 

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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