After this
segment, you can
see Jim's Opening
Segment picks
here...
On the markets in general and
today's upward move...
JJC: Remember,
after yesterday's Fed meeting, we
said we're going to have a
great... It's off to the races...
we're done... Yesterday's
after-Fed action seemed very
futures-related to me and bogus...
This action feels like, as one of
your guests said earlier, money
coming in... I'm seeing money
coming in for the first time in a
long time. Maybe it's the
beginning of May, maybe it's the
$600 checks, maybe it's the income
tax refund... But this feels like
money in... You know what? Good
weather is going to affect retail.
I was on the phone to a major
retailer yesterday, who reported a
great number, and what they said
is, you know the weather's been
great, so the numbers are good.
Now, we don't want to overthink it
all the time, do we? Now, I think
that the impulse buying in the
Apple (AAPL)
iPod is driving the iPod, while
we're waiting for the
iPhone...
Mastercard
(MA)...
driving the Mastercard...
JJC: I'm skeptical,
only because, when I look at the
end markets who are big tech, I
still tend to see the financials,
and the financials' balance sheets
are so bad, that I don't see that
wave... I am not a believer in
tech, other than maybe AAPL and Research
In Motion (RIMM).
AAPL, I'm a believer that that
stock is going to $200 in a
heartbeat. The issue with AAPL is
date, not price. You sell AAPL the
day that that new iPhone comes
out. That's what you had to do
with the previous iPhone. That's
what you had to do with the
previous
iPhone...
It's like you sell
Garmin Ltd. (GRMN)
right into Christmas. It's not a
price that I'm calling for AAPL,
it's a date. And I want to ride
AAPL until that date. It's really
feeling good.
. . .
. .
On our country's "new tech"...
JJC: I think
that the technology industry has
become old tech, to new tech
companies like
Parker Hannifin (PH)
and
Eaton Corp. (ETN).
They're not solving the world's
problems... You know, tech used to
solve the world's problems...
CSX Corp. (CSX)
and
Union Pacific Corp. (UNP)...
they're trying develop new ways to
use less fuel... The semiconductor
companies are trying to get a
better MP3 player... Let's have
some recognition that semis and
those companies are often run by
sales people, not by engineers...
I think that they are niche, and
the big, American companies... the
Cleveland (Ohio-based
manufacturer) companies, the
Pennsylvania companies... are
trying to solve the big issues of
the day. The tech companies are
still solving the issues of the
80s and 90s... It's a little
embarrassing. It's going to be
controversial and against the
grain...
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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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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...
FastMoneyRecap:
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summary of recommendations
made by the great Fast Money
TV show crew, that will
offer you a unique service,
to compare their picks to
Jim Cramer's past comments
about those stocks.
