After this
segment, you can
see Jim's Opening
Segment picks
here...
On Regional Banks...
JJC: Oh, I still
hate them. You have to be their
buddies to get in on the new
secondaries...unless you're their
buddies you don't get in.
. . .
. .
On
Higher Oil Prices and Select Oil
Stocks...
JJC:
Traditionally I would go in and
say okay the economy's doing
really bad...maybe even a
recession...we're dipping from
yesterday of course, when we said
we're not going to have a
recession...and so I would by
Clorox Co. (CLX),
you know, because it yields
3.5%...they just boosted...
Clorox, they have a lot of raw
costs, because of oil... I
would buy
Kimberly-Clark Corp. (KMB),
but a diaper is largely
oil...Proctor and Gamble...but
wait a second...all their products
are packaged in oil, plastic... So
what happens is that the
traditional safety stocks don't
work.
Pepsi (PEP)
has worked very hard to become a
snack food company, not a soda
company...but now we look at
snacks and say we say wait a
second, ethanol has wrecked
those...even though I think they
do have their costs under
control...the market doesn't. The
only one that is really up is your
and my friend,
General Mills Inc. (GIS),
remember we talked....and yet
that's only $1.50 from it's high.
I defy you to buy that one... it
hasn't come in. So the
natural place to hide has been
taken away...which is the stuff
that normally you would say in a
recession, you want to buy. I
think you can still buy oil. Look,
you know I like
Halliburton Company (HAL).
Remember I recommended it when I
was at the University of Texas
last year and everyone laughed at
me like they laughed at Carrie
right before the blood spilled...
Now here's the issue... I find
that HAL and NBR...people haven't
even started raising numbers
yet...you don't sell until they
start raising numbers, you
know...raising numbers and raising
numbers, you haven't even had
those yet. So I am still a buyer
of HAL and NBR, which are the two
big domestic drillers...which
drill all over the country...I
know we don't drill off the coast,
which is what we should do...and
we're bad at that, I don't like
that...I know you had a great
debate this morning...Mark HaInes
and you talking about why aren't
we drilling, why is there no
urgency...well there is urgency in
domestic drilling and NBR and HAL
put you in the best place.
. . .
. .
On IPI...
JJC:
Intrepid Potash (IPI)
came public... no one's even
focused on it...52 week high
today, I want to buy it still.
Potash (POT)
was at a 52 week high yesterday,
this stock after it has come
public has done nothing... I
think IPI is about to rip.
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Please read his comments to
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based on his comments
We do our best to interpret
Jim's opinion on stocks, as
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his comments during the
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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
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