Monday, 06/16/08
Posted 06/16/08,  11:11 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 06/16/08

  Dow Jones: 12,269    - 38
  NASDAQ:   2,474    +20
  S&P 500:   1,360    + 0
 
 
 
 
 
After this segment, you can see Jim's Opening Segment picks here...



On the departure of Martin Sullivan as CEO of American International Group
(AIG)...
JJC:   Yeah, Marty Sullivan has to come down from the
Wall of Shame. At one point, we did a Wall of Shame, where it was just his picture about six times... But he's missing, so that creates an opportunity. Someone has to be inducted into the Wall of Shame tonight...

 

.  .  .  .  . 


On Research In Motion
(RIMM)...
JJC:   Rob Sanderson is the axe... I have here in my hand... this is a piece of a recommendation by the American Technology Research... Rob Sanderson... He is now 66 cents higher than everybody else. That's how you get a stock moving. You know it's going to go through its 52-week high. This is the only remaining of the four horsemen. This is the one... There's only one horse left. The other three... they're all trailing... I like Google (GOOG)... Apple (AAPL), I said trade around it... Amazon.com (AMZN) goes up everytime there's a Nasdaq rally... Nokia (NOK) has no momentum whatsoever. As a matter of fact, it is carrion... I regard NOK as being right, almost, just barely above Motorola (MOT)... We all know how this market works. It's momentum-driven... If
Verizon (VZ*) does put through these great orders... that's what people are saying... Sanderson's got a couple of good points. He's talking about an aggressive, agressive ramp for some new products. If they make it, it's going to be like Mastercard (MA). This market doesn't have any regard for valuation, when we have momentum... Should I make a judgment and say that RIMM is overvalued?... You know, I got out of that game in 1987, when I decided that I wanted to be a performance manager... I think RIMM blows right through the 52-week high, so it probably goes to $150.

 

.  .  .  .  . 


On AGCO Corp.
(AG)...
JJC:   Would I buy AG, up $5?... Yes. When these stocks break out, they break out bigtime... Those who disagreed with me on Potash (POT), and Mosaic (MOS) and Agrium (AGU), are still doing it... Buy AG...

.  .  .  .  . 


On Titan Machinery, Inc.
(TITN)...
JJC:   Oh man, that's so smokin'... That's so smokin'... (buy TITN)...

.  .  .  .  . 

 

 

 



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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)

RIMM

140.98

143.00

Research In Motion (RIMM)

Price target:  $150.00

AG

59.93

60.01

AGCO Corp. (AG)

TITN

30.96

31.32

Titan Machinery, Inc. (TITN)

   
 

Go to the next segment from tonight's show here >>

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Symbol keys:

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 >>

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:

jim-cramer-charitable-trust-stocks.com

 
See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

 
  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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Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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