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Wednesday, 01/09/08
Posted 01/09/08, 11:18
pm |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 01/09/08 |
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Dow Jones: |
12,735 |
+ 146 |
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NASDAQ: |
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2,474 |
+ 34 |
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S&P 500: |
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1,409 |
+ 18 |
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On Berkshire Hathaway Inc.
(BRK-A)...
JJC: Well, a lot of
them (i.e., mortgage insurers) are
up from their lows. There's
a big short squeeze, as soon as
you broke that news... I found it
sort of counterintuitive...
Why would you open a business and,
therefore, crush your competitors,
but also want to buy your
competitors?... It didn't make a
lot of sense what he said... Maybe
he's talking about buying these
things after they've cracked...
Maybe some of them go into
receivership, but it doesn't make
sense to go in and shoot against
them, and also buy them... and
that's what he's doing. He's
crushing their business. Why
would he want to buy?... But
Buffett
has historically not wanted to buy
black boxes... The reason why
Buffett's even allowed to be in -
and we're going to talk about this
on my show - is that Eric Dinallo,
the superintendent of insurance,
has basically said that, look, I
don't really trust these other
companies... They were
invited in, because these other
companies are not transparent.
I don't think that Buffett, or
anyone, including the managements
of some of those companies... the
so-called mono lines, knows their
exposure... Look, it was a great
piece of news... it made the
shorts cover for a few minutes...
But the shorts cover and then put
out... Why? Because Countrywide
(CFC)
is saying that defaults are bad...
Why?... Because look at
Washington (WM)...
Why? Because well, frankly,
other than the Federal Reserve...
everybody knows that we're in a
lot of trouble...
. . . .
.
On Coca-Cola Co. (KO)...
JJC: KO said not that
long ago on my show that their raw
costs - their commodity costs -
had actually peaked a couple of
quarters ago. So you can
basically put a 30x multiple on
this stock... this is a classic
multiple expansion, meaning people
are paying much more for those
earnings, because they are so
consistent. They're buying
it like it's a drug stock, and I
understand that. It has
pretty good growth... not great
growth... but the dollar is weak,
it fits this market's theory.
KO is going to continue to go
higher.
. . . .
.
On Google Inc. (GOOG)...
JJC: I still think
that GOOG is the 'tell' for this
market. GOOG and
Apple Inc. (AAPL)
will turn first, if you want to
know when the Nasdaq's done going
down... Is this the official
turn? The one thing I know
about GOOG... Look, I actually
know a couple of things... one is
that I understand that the
quarter's quite good. But
there are a lot of companies whose
quarters are good that go down
every day... But, second,
this is such an easy stock to
raise capital in... All of the
plus-$100 to the $700 stocks are
where the money mangers - who are
facing terrible redemptions - are
selling to raise cash. It is
not the fundamentals driving GOOG
or AAPL. If that were the
case, AAPL would be at $200, and
GOOG would be at $700.
. . . .
.
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See all of tonight's stocks'
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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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AAPL |
179.40 |
177.64 |
Apple Inc. (AAPL)
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KO |
65.27 |
65.00 |
Coca-Cola Co. (KO)
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GOOG |
653.20 |
645.00 |
Google Inc. (GOOG)
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Go to the next segment 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
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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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© 2005-2007 MadMoneyRecap.com ■
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
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