Thursday, 01/03/08
Posted 01/04/08,  12:39 am

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 01/03/08

  Dow Jones: 13,056 + 12
  NASDAQ:   2,602   - 6
  S&P 500:   1,447   +0
 
 
 
 

On the automakers and Toyota Motor Corp. (TM)...
JJC:   I tried to bank with that last year.  I owned it for my charitable trust...  I eventually broke even... just decided... Look, that's worst neighborhood in the world.  That's like a penthouse in the worst neighborhood in the world.  It is still losing value... It's just such a bad cohort...   You'd think the Fed would care about autos.  You'd think they'd care about housing.  You'd think they'd care about retail...  I mean, those used to be the American economy.  That's what you worried about, if you were a Fed chief.  Now I think that they're only looking at tomorrow's number.  It's the only thing that they really care about.  They really don't care about anything else... 

.  .  .  .  . 

 

On the markets in general...
JJC:   I think that Treasuries offer almost no value whatsoever here...  I just think that there are so many other markets that are better than ours... there are so many other sectors that are not working...  Energy is so great here...  In the ConocoPhillips (COP*) - which I own for my charitable trust - in the COP* release today...  that was one really bad part... They just said refining margins were really bad for Q4...  All these stocks are reflecting that now.  I suspect that more analysts will come in on that tomorrow...   What I'd tell you is that I don't want to sell the refiners too much lower than here, because Valero (VLO) is a great creator of profit.  But it's very difficult to make a case for the refiners when the actual integrateds, and the natural gas stocks, are so great...   Everyday, I say we've got to do Foster Wheeler (FWLT)...  I just have to tell you, those guys have just done a fantastic job... (Erin:  And Jim still loves it?)...  Oh, yes.  Absolutely.

.  .  .  .  .

 

 



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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)

TM

106.90

105.76

Toyota Motor Corp. (TM)

COP* 88.25 87.08 ConocoPhillips (COP*)
FWLT 169.17 164.98 Foster Wheeler, Ltd. (FWLT)
   
 

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Netflix, Inc.


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.

 
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Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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