Wednesday, 05/28/08
Posted 05/28/08,  8:05 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 05/28/08

  Dow Jones: 12,594  +  45
  NASDAQ:   2,486   +  5
  S&P 500:   1,390   +  5
 
 
 
 
 
After this segment, you can see Jim's Opening Segment picks here...

 

On Polo Ralph Lauren Corp. (RL)...
JJC:    I liked it because of the J. C. Penney (JCP) tie-in, and it seems like it's a bit of a short squeeze, but there are a lot of people very negative on it.  I think it can still go higher from here.  Yes, I would buy it.  That's not my style, typically, but I've got to tell you, there's big money going into that, if you get a second day...

.  .  .  .  . 

On Eaton Corp. (ETN)...
JJC:    ETN reaffirms...  This is Sandy Cutler.  He's a fabulous CEO.  This is part of my "new tech" world...

.  .  .  .  . 

On Emerson Electric (EMR)...
JJC:    Where Eaton (ETN) goes, EMR goes...  I predict EMR will do the same thing.  ETN is going to a 52-week high... not done... not done.  EMR just needs to go to $59 to go to its new high.  These companies are on fire...  They have "new tech"...  They cut the amount of energy that's used.  You know that they're perfect for this environment... 

.  .  .  .  . 

On Nucor (NUE)...
JJC:    A great article today in the Washington Post about how tight the steel market is.  You very rarely get these companies that price a big secondary (stock offering) in the hole, and then they don't stay...  Entry point for NUE is perfect right here... 

.  .  .  .  . 

On Cleveland-Cliffs Inc. (CLF)...
JJC:    You've got to watch that chart... this was a split... This was absolutely a stock that I liked very much at $100, the last time it was at $100...  It's still only a $10 billion company.  It's the only independent iron play out there.  It keeps coming back, because we don't have enough iron.  It is the natural one to be acquired.  Let it cool off before you buy it here.  We liked it at pre-split $35 on your show... and I still like it...

.  .  .  .  . 

On American International Group (AIG)...
JJC:    These are serial needers of capital.  AIG... fire Marty Sullivan (their CEO)... you might pick up 2 points.  How could they have raised the dividend here?...  If they knew what they owned, I would feel more comfortable.  They're like Citigroup (C).  I don't think they know what they own.  Now, at the beginning of December, they told you exactly what they owned.  That level of certaintude is still plaguing them.  They don't know.  Wachovia (WB) doesn't know, and AIG doesn't know...  And, when they say they do, I think they're being wishful...

.  .  .  .  . 

On Wachovia Corp. (WB)...
JJC:    They paid, basically...  they paid $25 billion for a bank... Golden West... that may be worth minus $50 billion.  I mean, this was one of the dumbest acquisitions ever, and they're just paying for it.

.  .  .  .  . 

On VF Corp. (VFC)...
JJC:    VFC is the analog of Ralph Lauren (RL).  They don't have the J. C. Penney (JCP) tie-in.  I was a little too negative on this once before.  At this level, I want to kind of change my view and say, look, if RL is good, you don't leave this stock.  We've liked it since the $60s.

.  .  .  .  . 

 

 

 



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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)

RL

69.00

na

Polo Ralph Lauren Corp. (RL)

ETN

93.27

na

Eaton Corp. (ETN)

EMR

57.93

na

Emerson Electric (EMR)

NUE

75.00

na

Nucor (NUE)

CLF

107.00

na

Cleveland-Cliffs Inc. (CLF)

AIG

34.91

na

American International Group (AIG)

WB

30.00

na

Wachovia Corp. (WB)

VFC

76.88

na

VF Corp. (VFC)

   
 

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Symbol keys:

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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.

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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.

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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