Monday, 04/07/08
Posted 04/07/08,  10:51 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 04/07/08

  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 Starwood Hotels (HOT) and Wyndham Worldwide Corporation (WYN)...
JJC:    If you like that (Sheraton deal), go buy WYN... which is really flat on its butt... and is a cheap hotel chain... and I just can't believe that stock's gone, it's just so hideous... My issue is that we're kind of "over-hoteled" now. In New York, we're "under-hoteled" but then there are, like, all these other areas... like there are 49 other states that seem to be over-hoteled... No, I don't want to be in that group, and I don't want to own the stock. I've watched the hotel stocks go bad and jeez... the Nevada hotels have just been a disaster... And then, look, International Game Technology (IGT) goes down today... the whole complex is just looking really bad.

.  .  .  .  . 

On Washington Mutual (WM)...
JJC:    You know, we'd better see that darn deal for WM... There better be $5 billion coming at this thing... because this thing is why we're rallying... This was one where the shorts have pretty much coalesced and just cracked the stock. So it is interesting that TPG may or may not be in it, but let's see the money... I want to see the terms. We're all presuming the terms are, like, great... I mean, at $13, let's see what the terms are. I'm skeptical until I see the terms.

.  .  .  .  . 

On Yahoo! Inc. (YHOO)...
JJC:    We had a guy on (CNBC's segment), Squawk On The Street... who said, look, we are definitively saying that there's going to be a higher bid very soon. Why do people think that Ballmer (i.e., CEO of Microsoft (MSFT) is a joker? Ballmer's never postured in his life... Ballmer knows... He came from the era that I came from... like, when you were getting hired by Goldman... Like here's the deal... you're going to get $100,000 but, if you don't answer us in five days, you get $90,000... the exploding offer... Ballmer's from the "exploding offer" school... That's what we called it. And I think the people at YHOO recognize that Ballmer thinks that this business has deteriorated... I love the fact that they're claiming that this business hasn't deteriorated... This is a company that, of course, has missed its quarter for two straight years... and, suddenly, it's gotten better, when Google (GOOG)'s gotten worse?...

.  .  .  .  . 

On Alcoa, Inc. (AA)...
JJC:    Too much takeover talk in it. Now, I'm glad to see the fluff come out of it a little... But it is my least-favorite mineral stock... If you like AA, go buy more Cleveland-Cliffs Inc. (CLF)... You know, we recommended CLF in this segment at $70... It hit $140 today. I prefer CLF at $140 than I do AA at $37. Can I be more adamant than 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)

HOT

51.29

na

Starwood Hotels (HOT)

WYN

20.91

na

Wyndham Worldwide Corp (WYN)

YHOO

27.70

na

Yahoo! Inc. (YHOO)

AA

37.44

na

Alcoa, Inc. (AA)

CLF

141.42

na

Cleveland-Cliffs Inc. (CLF)

 

       
   
 

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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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StockHomework101.com

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