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After this
segment, you can
see Jim's Opening
Segment picks
here...
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On
the market selloff today...
JJC: Well, first of
all, we're due. I mean, it's about
time. We had a lot of optimism...
It looks like a lot of shorts
finally covered. That's what
happened last week with the retail
move... We had a lot of analysts
reach... yesterday, with the
Union Pacific (UNP)
upgrade... the rails... hey,
heaven love the rails, but they do
not have to be up every day. Take
a little breather from the rails
now and then. I think it's a good
time to ring the register on
groups that have been up, up,
up... having parabolic moves...
Take a little off the table. I
don't get excited about anything
financial yet. It's just too, too
difficult... But, you know, there
are lot of companies coming in
that have had pretty good numbers,
most recently... I mean, if a
Honeywell
(HON)
comes down... I mean, that would
have been a great one to talk
about, because that one
pre-announced the other day, and
it's not really doing anything.
So, I'm not a big fan of tech. I
do believe that
Hewlett-Packard (HPQ)
is going to be good. I am not a
big fan of what I regard as being
the bottom fishing in the insurers
and the banks... However,
Nucor (NUE)
is different... NUE files a
secondary (offering of stock), and
that I want to be in...
. . .
. .
On
Nucor (NUE)...
JJC: NUE files a
secondary (offering of stock), and
that I want to be in... because I
think that steel is part of the
giant rebuild... 12 million people
moving from one area to another in
China... That's 100 times
(hurricane) Katrina... I mean, NUE
is going to buoy all of steel. You
know, very rarely do I ever want
to be involved in a secondary...
Not this one. This is a winner.
. . .
. .
On
the oil and drug stocks...
JJC: They're not
expensive. What can I say? They're
not expensive... These are
companies... and I want to
distinguish these from the
rails... A lot of these companies,
if you go around Wall Street, and
ask what's the average price that
people are using, people are not
using $125 (per barrel price of
oil) in their numbers.... no one's
using $125... so these are
literally ones where they're not
multiple expansion... the
estimates are going up... If you
put a larger multiple to them,
then boom...
Now, the other stocks that are
going up today are the drugs. That
I really like... You know what's
interesting? A lot of the
anti-Hillary stocks are going up.
Like, people think that Obama is
better for the drug companies and
better for the HMOs than
Hillary... and those are both
rallying... Oh, contrare... he's
every bit as bad for those...
. . .
. .
On
the rail stocks...
JJC: They're
just almost mindless!... Well,
they move it (coal and grain)
around everyday. It doesn't mean
you've got to move the stocks
around everyday! Look... I like
CSX Corp. (CSX)...
Union Pacific (UNP),
yesterday... the upgrade... All
I'm saying is, you know what...
every now and then... just as kind
of like a prudence method, you
take a little off the table.
Listen, you can go right back
tomorrow, but this group is acting
as if we're in an ethanol boom,
which we could be right now. It's
like, the only group reacting to
the 12 million people who have to
move in China... are the U.S. rail
companies... Ahh... I've got a
problem with that...
. . .
. .
On
T. Boone Pickens' comments today...
JJC: Didn't you
love Pickens telling the truth?...
Wasn't that odd?... You know,
ethanol's a joke... oil's not the
dollar play... Now look, everybody
feels this way, but no one want to
say it... He is such a good guy.
There are guys that come on and
say, you know what, I'm not going
to lie today... I'm going to tell
the truth... To be fair, he is
right about ethanol... that's a
political issue. Remember, I've
had ever politician on... They all
say ethanol is really important.
3% of gasoline (saved by the use
of ethanol) destroying 30% of
America's food supply... is about
as dumb a thing as I've ever
heard, and thank heavens for Boone
Pickens for saying it... Look, I'm
the most repacious capitalist
who's ever lived, and yet, I still
have some horse sense! I'm not
selling the natural gas... Those
stocks, if they come down, I'm a
buyer, because you divide it by
six... you divide oil by six and
that's the true price of what
natural gas has been. It does have
a formula...
. . .
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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
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Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
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Please read his comments to
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Thumbs down -
indicates he has said not to
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based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
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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
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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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FastMoneyRecap:
This site will be a quick
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.
Fast Money Recap - Trades
for next day...
Compare these picks to Jim's
comments for the same
stocks. |
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