Monday, 01/14/08
Posted 01/14/08,  11:43 pm

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 01/14/08

  Dow Jones: 12,778   + 171
  NASDAQ:   2,478     + 38
  S&P 500:   1,416     + 15
 
 
 
 


On the Fidelity Magellan Fund (FMAGX) - Top Five Holdings - and Harry Lang, the fund's manager...
The top five holding in the Magellan Fund, which re-opened to public investment again today are:  Nokia Corp. (NOK), Corning Inc. (GLW*), Google Inc. (GOOG), Staples Inc. (SPLS) and Canadian Natural Resources Ltd. (CNQ)...   JJC:  I've known Harry Lang for probably close to 20 years.  He is a fabulous manager...  I think this is a great opportunity to get in this fund...  I just think that Harry's names are so right, given the selloff that we've had.  It was really just a good time... It was a great interview, because he had something we have not had in a long time - a degree of optimism.  NOK just went down from $40 to $33, under a misperception that it was getting killed, off of RF Micro Devices (RFMD), which said that there was a little inventory overhang, and off of Motorola (MOT)...  This reminds me of Intel (INTC) and Advanced Micro Devices (AMD).  NOK is the winner here.  I think he's dead right.  You know that I think that Google (GOOG) is just resting here, after a great quarter...   Corning (GLW*) I own for my charitable trust...  I don't really understand it.  The company pre-announced better-than-expected earnings, and it's below where it pre-announced.  

The one that is the true glass-half-full for him, and half-empty for me is Staples (SPLS)... I just think that's a tough... I just don't like retail at all, and that would be a very challenging name to own.   

.  .  .  .  . 

 

On Wal-Mart Stores Inc. (WMT)...
JJC:   Well, WMT's the antidote to everything else we hear, because people are really trading down...  It is remarkable about how this theory about how, when people really feel badly, they start buying at Wal-Mart, is playing out...   

.  .  .  .  .

On Canadian Natural Resources Ltd. (CNQ)...
JJC:   Oh, so right... so right.  C'mon... with oil going...  They couldn't get oil down no matter what.  I've liked Suncor (SU) too.  I'm a broken record.  But you know what I really like?  Mosaic (MOS), Deere (DE)... Agrium (AGU)... and then Monsanto (MON), I take total credit for... total credit for that...

.  .  .  .  .

 

 

 



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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)

FMAGX

89.58

86.90

Fidelity Magellan Fund (FMAGX)

NOK

35.34

35.64

Nokia Corp. (NOK)

GLW*

23.25

23.01

Corning Inc. (GLW*)

GOOG

653.82

646.25

Google Inc. (GOOG)

SPLS

20.67

20.39

Staples Inc. (SPLS)

CNQ

72.08

71.72

Canadian Natural Resources (CNQ)

MOS

109.54

107.59

Mosaic (MOS)

DE

94.69

93.43

Deere (DE)

AGU

70.14

69.41

Agrium (AGU)

MON

127.25

125.93

Monsanto (MON)

WMT

47.67

46.99

Wal-Mart Stores Inc. (WMT)

         
   
 

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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
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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.

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 >>
   
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