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Thursday, 01/31/08
Posted 01/31/08, 10:42
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Thursday, 01/31/08 |
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Dow Jones: |
12,650 |
+ 207 |
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NASDAQ: |
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2,389 |
+ 40 |
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S&P 500: |
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1,378 |
+ 22 |
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On the markets and the Fed
reaction...
JJC: I don't want to
buy
MBIA (MBI)
and
Ambac
(ABK)...
They, to me, are going to be in
run-off status, because they don't
use present value accounting, so
I'm not worried about them.
I would never own those stocks.
I don't think they're worth
anything... And I know the
Fed will cut rates again, because
of them, so they're kind of like
the moral hazard... They're
the long-term capital, but they
will not get bailed out...
If we get any tick up, I'm
predicting a housing shortage and
a bank stock shortage right here
on your show... Hey, did you
go through the Pulte (PHM)
quarter?... How about the
Ryland (RYL)
quarter, where he saw an uptick in
January?... I'm telling
you... there's going to be a
housing shortage a year from
now... I was the first
guy to tell you to burn your house
down. Now I'm telling you to
build one... Masco (MAS)!
. . . .
.
On
Whirlpool Corp. (WHR)...
JJC: I'm
telling you (not what they should
do, but) what they will do, and
that's why WHR is ramping.
Black & Decker (BDK)
gave you a bad outlook, and look
at that stock.
Fortune Brands (FO)
has bottomed. WHR...
I'd own it for the United States
of Brazil... USB. I think
that WHR is just an
unbelievable... they never stop
believing in the darn cycle.
I am telling you that WHR is the
classy example of a company that
never stopped turning them out
when they should have... And now
they're long, and that's right.
We need inventory. Look,
it's just a really great early...
Break out the playbook...
It's an early cycle moment...
All the institutions that do
financials are getting tons of
money... It's the value
plays. The values are
working. HGX (i.e.,
the PHLX Housing Sector Index,
^HGX) has bottomed, the BKX
(?) has bottomed...
It's early cycle. Energy
does not do that well right now,
but I think that they make so much
money that it's okay...
China does not do that well...
Whatever was momentum does not do
that well... Agriculture is
more of a healthcare/famine issue,
but I agree with you... It doesn't
do as well as what I'm talking
about...
Coming out of the last six
recessions, every single...
This is from the Pzena (PZN)
investment letter... whom I regard
as being the single greatest value
investor of our time... PZN...
Out of six of the recessions,
whatever was momentum then, always
does badly, and value does well.
He analyzes better than I have...
I am completely cribbing his
research...
. . . .
. |
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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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MBI |
15.50 |
17.21 |
MBIA (MBI)
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ABK |
11.64 |
13.13 |
Ambac
(ABK)
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PHM |
16.35 |
15.65 |
Pulte (PHM)
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RYL |
33.77 |
33.84 |
Ryland (RYL)
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MAS |
22.93 |
22.96 |
Masco (MAS)
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BDK |
72.54 |
72.66 |
Black & Decker (BDK)
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FO |
69.92 |
69.81 |
Fortune Brands (FO)
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WHR |
85.29 |
85.01 |
Whirlpool Corp. (WHR)
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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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Jim Cramer's past comments
about those stocks.
Fast Money Recap - Trades
for next day...
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comments for the same
stocks. |
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possible. Some comments have been
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and extraneous material omitted. Please rely on watching
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