Thursday, 01/24/08
Posted 01/25/08,  12:22 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 01/24/08

  Dow Jones: 12,378   + 108
  NASDAQ:   2,360     + 44
  S&P 500:   1,352     + 13
 
 
 
 


On the markets and the action by Congress today to provide rebates as part of the economic stimulus package
...
JJC:   Look... this is monumental... It's monumental that you get Fed cuts, and you get the stimulus at the same time.  The trader talk that I heard that I heard today... is that maybe the Fed won't act next week...  And, for those who haven't bought yet, you're going to get a good opportunity, if the Fed doesn't act again (next week)...   I don't really like the plan versus doing some other things but, when everybody coaleses... and you've got people trying to save the mortgage stocks, and you've got people trying to make it so that Toll Brothers (TOL) sells homes, and you've got money in your pocket...  Well, there are a lot of sectors that have been horrible, that are moving...  And, in typical fashion... it was a blink of an eye... you had to be there when it happened.  Now you have to wait for a pullback.  And there will be one, but it sure does seem like there won't be right now, but there will be... What I thought was so great about today's action is, all the old leadership that we thought was dead... is back.  And that's because oil's not falling off a cliff (i.e., going down dramatically)... it's because all these actions will make it so that the recession will be short-lived... and we will suddenly find ourselves in a world where a lot of stocks are working, and a lot of money's being made...  and it's been since August that a lot of money's been made, so maybe we're due...  

.  .  .  .  . 

On defense stocks and Raytheon Co. (RTN*) and Northrop Grumman (NOC)...
JJC:   I own RTN* for my trust...  NOC is really good, but RTN* has stayed behind... It's up a lot today.  It doesn't mean go buy everything...  And you had an analyst on earlier this week, that said RTN* was the cheapest...  I concur with his analysis... 

.  .  .  .  . 

On a proposed buy list for the Sultan of Dubai - who indicated he has capital to invest...
JJC:   This is the only place that's got capital in the world... and they've got it...  These are household brand names... This is a guy who might go to a Lucky... or to a Juicy Couture... and say, I like this... I'll buy the company.  And he can do that...  Liz Claiborne (LIZ) owns those brands, and it's a turnaround situation...   Jones (JNY) yields 3.5%.  They bought Barney's from JNY... why not buy the rest from JNY?...  Gap (GPS) is like, please buy me, please buy me, and they could use a huge...  And then Nordstrom (JWN)...  Maybe the family's sick of it...  Look, Neiman gave up and went private.  I'm sure that the Sultan... would have rather bought Neiman....  Don't forget Saks (SKS)... don't forget SKS...  

 

 

 



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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)

RTN*

63.11

na

Raytheon Co. (RTN*)

NOC

77.44

na

Northrop Grumman (NOC)

JNY

15.49

na

Jones Apparel Group Inc. (JNY)

LIZ

21.16

na

Liz Claiborne Inc. (LIZ)

JWN

35.39

na

Nordstrom Inc. (JWN)

GPS

18.38

na

Gap Inc. (GPS)

SKS

17.10

na

Saks Inc. (SKS)

 

       

 

       
   
 

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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
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 >>
   
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