Friday, 04/04/08
Posted 04/06/08,  11:55 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Friday, 04/04/08

  Dow Jones: 12,609    - 16
  NASDAQ:   2,370    + 7
  S&P 500:   1,370    + 1
 
 
 
 
 
After this segment, you can see Jim's Opening Segment picks here...

 

On ABB Ltd. (ABB) and Foster Wheeler (FWLT*)...
JJC:    I like ABB... The problem with that is that it's got too much nuclear... and you still can't build nuclear power plants in this country. I like FWLT*... I own that for my trust. Why?... Coal... I liked it out of bankruptcy... We've had a huge run on this... Sometimes, it's good to stick with winners. Coalbed fluidization... Big contract to look at it for Sasol Ltd. (SSL) last week... I like coal... Hey listen, coal's hot as a pistol, come on... Appalachian coal... FWLT* is my play. Period. End of story. I think it's having a powerful quarter. It's got a great backlog... I really like it here... totally.  

.  .  .  .  . 

On NYMEX Holdings Inc. (NMX) and CME Group, Inc. (CME)...
JJC:    Some people think that 50% of the commodities are being traded on a speculation basis, which makes me want to buy CME, after this merger (CME is acquiring NMX)... I think it's going to be really powerful... a really powerful company. I have liked that... I have felt like, in the last few months, it's been such a bow-wow... I think it's about to make a major change to the upside, when this deal's finished... This is just such an accretive deal. I hope people realize how great it is. And I love the management at CME... they're just very pro-shareholder... 

.  .  .  .  . 

On Washington Mutual (WM)...
JJC:    It's the "raid du jour" (raid of the day) stock... One of the things we saw yesterday in our exhaustive coverage of the senate hearings was that Chairman Cox was asked repeatedly by the senators... well, what happens with a raid? I have said that Cox ought to subpoeana the tapes... he ought to listen to the tapes right now about what's going on at WM on both the short side and the put side, because this is a classic raid that's going on. People think this is "next" so to speak... It's how the shorts operate... Look, the fundamentals at WM are bad... I'm saying that the fundies here are weak enough that you could very easily buy a lot of puts and be completely justified, and Cox could call you in... and you could say listen, the funamentals are bad... I shorted it... boom, boom, boom... No, I really dislike that stock intensely... but it has a great deposit base, and maybe it gets an $8 bid one day...  

.  .  .  .  . 

 

 



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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)

FWLT*

63.15

na

Foster Wheeler (FWLT*)

CME

510.60

na

CME Group, Inc. (CME)

WM

10.60

na

Washington Mutual (WM)

 

       
   
 

Go to the next segment from tonight's show here >>

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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 >>
   
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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