After this
segment, you can
see Jim's Opening
Segment picks
here...
On Citigroup (C)...
JJC: I read Doug
Kass, and TheStreet.com
everyday... One of the things I've
been praising him for is his
unrelenting negativity on this
group, and how much he saved
everybody... Well, this (his
reversal on C) is a very big
call... My problem with the call
is that so many things have to go
right... You need to see housing
get better... You need to see the
employment number stabilize... You
need to see better management at
C... I mean, it could be a once in
a lifetime... the second in a
lifetime opportunity... The guys
that I know don't like it, and now
it's just such a huge call that it
causes me to stop, and re-evaluate
again... I don't like this one...
Wells Fargo (WFC)?...
I feel like, if it were in another
state, like
US Bancorp (USB)...
I'd like that one more. I have it
ringing in my ears that these are
Texas Commerce bank shares
companies... Now, let me just say
that, if he's right, you're going
to have a rip-snorting bull
here... because we know from
yesterday that there is just one
absolutely Achilles' heel to this
group, and we saw it yesterday...
which is the financials...
Otherwise, it's all systems go,
despite the fact that oil's so
high. So I am going to watch it...
I'm not on board yet... I am
candid that I'm not on board...
When you have a guy who's been
dead right for so long, and he
switches when everyone else is
maximum gluten... it is a 2x4 up
side the head that you may be
wrong to stay negative... and
that's how important Doug's call
is...
. . .
. .
On Owens-Illinois, Inc. (OI*)...
JJC:
I have to emphasize to people
that, when you read the stories
like in the Washington Post, that
there are toxins in some plastic
bottles... At a certain point,
we're going to come around... And
the gist of this is... glass
doesn't have it... doesn't have
toxins... And, if you're worried,
a la lead paint... well, they're
going to take action. I know that
plastic bottles are very safe... I
don't want to slam that whole
industry... but everybody else
uses glass around the globe... and
you can recycle it 30 times...
Glass is going to make a
comeback... glass is making a
comeback... You get those class
action (lawsuits), and everybody
panics and says, you know what,
get me out of that plastic... get
me into something else... I don't
want to be sued...
. . .
. .
On Joy Global (JOYG)...
JJC:
I have the CEO on (tonight's
show)... This is one... monster
good quarter. How funny...
Peabody (BTU),
Arch Coal (ACI)...
all the coal stocks were down
today. If they weren't... JOYG
makes mining equipment,
particularly for coal... I think
this one would have been up $8...
This was a monster upside
surprise. You and I have been
focused on these obscure American
technology companies. JOYG is the
answer to getting the Saudi Arabia
of coal (i.e., the United States)
to getting back to its rightful
place... I just think that JOYG is
joyous today...
. . .
. .
On
Mastercard
(MA)...
JJC: Like I said
with
Ralph Lauren (RL)
yesterday... If you bought it...
it was up... stick with MA...
Most popular
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■
Stock Snapshots - Includes
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Symbol keys:
A Charitable Trust stock.
- An asterisk next to a
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Jim mentioned it is a stock
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his
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You can see the complete
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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 >>
Helpful Websites:
See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
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:
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.
