After this
segment, you can
see Jim's Opening
Segment picks
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On Coal... JJC: There was a
great article in the New York
Times this weekend with the
Duke (DUK)
CEO... It was just one of those
rare pieces in the magazine that
was fabulous about this... And my
conclusion was, forget about the
United States. China is no longer
exporting coal. They'll take all
the coal that we have. Given the
fact that the rails can get over
there... And that's one of the
reasons why
Peabody (BTU)
has been a firm recommendation on
Mad Money for the last couple of
years. They've got coal that's in
Australia. This stock is so not
done going up, that it is just
intimidating to go in after this
run, but you have to... It's like
not owning a drilling stock,
because we don't drill off the
coast... We're irrelevant... we've
got to start... You have been the
leader here on the network of
showing India... places that no
one considers relevant... are the
relevant places, in terms of some
of the prices of some of these.
Coal's price is being set in
China, not here... and all the
carbon sequation... it doesn't
even matter.
. . .
. .
On Fluor Corporation (FLR)... JJC: There was a
contract last week for nuclear
waste... FLR is really the company
to think of, when you think of
nuclear waste, I believe. Just as
you think of
Shaw Group Inc. (SGR)
as building plants, FLR comes in
on the back end. This stock's not
done. Also a very big markup
candidate for the end of Q2 and,
remember, people no longer mark up
in the last two days... it's too
obvious to the government... they
come in and start buying now.
Every stock you see on your screen
that's really strong today has
been a great performer in the
second quarter, so we're seeing
markup action right here.
. . .
. .
On Cleveland-Cliffs Inc. (CLF)... JJC: Holy cow!...
This has been a favorite of yours
and mine, literally, when it was
at $70 - pre-split - which is now
$35... You need higher oil... Now,
everytime I mention it, the
Cleveland Plain Dealer (newspaper)
takes a shot at me, and just says
that I'm just touting it as a
takeover... Uh, uh... It's an
earnings play, for heaven's
sake... There are very few
independent iron companies... the
iron companies are able to put
through some very big price
increases, because the end demand
for steel is off the charts. By
the way, I like the Goldman Sachs'
piece which says that, maybe at
this level, you should be in
Nucor (NUE)
and not
United States Steel
(X)...
That's a very powerful piece this
morning.
. . .
. .
On Coca-Cola (KO)... JJC: They (SunTrust Banks Inc. (STI)
own a lot of KO... KO has come
down somewhat unnaturally here.
They have said repeatedly that
they are not having raw cost
problems. Now there have been some
distributors overseas that said
they've seen some weakness. I
think KO is being... It's entirely
likely that STI is selling its KO
stake, or some of it, in order to
be able to make their miserable
quarter. By the way, this is
something that John Thain said
with Merrill... Do I need to sell
Bloomberg?... Do I need to sell
Blackstone (BX)?...
Look at
Merrill Lynch
(MER)'s
price today. It is just
extraordinary how that stock has
fallen. Whew... we talk about how
General Motors
(GM)
is agonizing, but MER is just so
painful... Look, it's not
Lehman Brothers
(LEH),
but maybe we don't know things...
I think Thain's (CEO of MER) is a
pretty... I think he's not bad.
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Please read his comments to
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We do our best to interpret
Jim's opinion on stocks, as
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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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Jim Cramer's past comments
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