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Thursday, 05/08/08
Posted 05/08/08, 9:03
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Thursday, 05/08/08 |
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Dow Jones: |
12,866 |
+
52 |
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NASDAQ: |
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2,451 |
+
12 |
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S&P 500: |
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1,397 |
+ 5 |
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After this
segment, you can
see Jim's Opening
Segment picks
here...
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On
trading gold and two gold stocks...
JJC: Gold...
gold is back. I listen to those
guys who say the dollar is
correlated with oil... and oil is
correlated with supply and demand.
I'm sorry. That's incorrect. They
can be coincident, but one
involves oil, because of supply
and demand. Gold has been excess
supply for a while. It looks like
the supply is working off... More
importantly, the stocks are
signaling that gold is going
higher. They've often signaled it
ahead of time...
Agnico-Eagle Mines Ltd. (AEM)
and then, last night,
Yamana Gold Inc.
(AUY*)
- a stock that I own for
my trust that has just beaten up
mercilessly from $19 to $12 -
reported just a dynamite number...
I like both of these very much.
They're not done going up...
AEM... that's an amazing company.
The company was on our show, and
this is one... everyone always
wants to do
Newmont Mining Corp. (NEM)
or
Barrick Gold Corp. (ABX),
okay... If you want big, big...
it's AEM. And, if you want growth,
it's AUY...
. . .
. .
On
how Cramer has now turned sour on
retail...
JJC: Retail was
a great trade, into the $600 bucks
(federal tax rebate period), and
into the April comparison number.
We're finished. I want to sell
retail. I want to sell
Nordstrom Inc. (JWN)...
that stock isn't even down yet,
off of what's a disappointing
quarter... I really feel strongly
that the run, and I like that guys
at
Phillips-Van Heusen Corp.
(PVH)...
but that's run from $34 to $44...
I feel that... that seems over.
Take profits in
VF Corp. (VFC).
Notice the reversal in
Aeropostale Inc. (ARO)...
The only one I want to hold onto
here is
Wal-Mart (WMT)...
Secondarily, I like
Costco (COST)...
TJX (TJX)
wasn't even that good, to be
honest.
Urban Outfitters (URBN)
raised numbers and the stock
didn't go up... WMT is the keeper
in this group right now, and I
really think that all the
broadline guys... the
J. C. Penney (JCP)...
And look,
Kohl's (KSS)...
KSS actually said good things and
the stock went down. This group
has had it, okay... Just go. This
is the same reason... why you're
paying $4 a the pump... is why I'm
telling you to go in this group.
You're spending all you're
additional money - because of
ethanol - at the supermarket; and
because of gasoline, at the
pump... I don't like
Target (TGT)
here at all... I know there's an
underswell that TGT can't go down
from here. I think it could go to
$50 at (options) expiration this
week...
. . .
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On Discovery Holding Co. (DISCA*)...
JJC: Yeah, DISCA
just put on the great numbers that
I've been looking for. It's a very
convoluted ownership structure.
That's being unwound in the third
quarter. This is a masterfully-run
company with big, big ad gains...
big subscription gains... and this
is also a green play... remember,
they're starting a green channel.
I urge people to recognize that, a
year from now, this company is
going to look quite different, if
it's still public, given the fact
that the Weather Channel is
supposed to go out (i.e., the
upcoming IPO value) at $5
billion... It's going to go back
to where it was at its high (i.e.,
its 52-week high is currently
$29.81, vs. its current price of
around $26)... This stock is so
hard to understand, because even
the press releases are hard,
because of the convoluted
ownership... but that's going to
get straightened out in Q3...
People should get behind this
one...
. . .
. . |
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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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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AEM |
na |
na |
Agnico-Eagle Mines Ltd. (AEM)
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AUY* |
na |
na |
Yamana Gold Inc.
(AUY*)
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NEM |
na |
na |
Newmont Mining Corp. (NEM)
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ABX |
na |
na |
Barrick Gold Corp. (ABX)
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JWN |
na |
na |
Nordstrom Inc. (JWN)
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PVH |
na |
na |
Phillips-Van Heusen Corp.
(PVH)
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VFC |
na |
na |
VF Corp. (VFC)
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ARO |
na |
na |
Aeropostale Inc. (ARO)
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WMT |
na |
na |
Wal-Mart (WMT)
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COST |
na |
na |
Costco (COST)
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TJX |
na |
na |
TJX (TJX)
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URBN |
na |
na |
Urban Outfitters (URBN)
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JCP |
na |
na |
J. C. Penney (JCP)
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KSS |
na |
na |
Kohl's (KSS)
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TGT |
na |
na |
Target (TGT)
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DISCA* |
na |
na |
Discovery Holding Co. (DISCA*)
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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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