After this
segment, you can
see Jim's Opening
Segment picks
here...
On Biotech Stocks...
JJC: If you go
back to 1990, and you really
started realizing that the
Security Pacifics, and the
Manufacturer Hanovers and the
Chemical Banks... these are
storied names... were either going
under or were obviously going well
through book value... you began to
see a trade into the
highest-growth biotech names. It
happened during the summer of
1990, and it seems to be happening
again... Some of this is a
recognition that perhaps the third
quarter is going to mark the
recession, and these stocks...
and, look, some of the even
slower-growth...
Merck (MRK)
today...
Wyeth Pharmaceuticals (WYE)
is blowing it out... But it is
Gilead Sciences Inc.
(GILD),
it is
Celgene Corporation (CELG)...
Amgen Inc. (AMGN)
has clearly turned...
Genentech Inc. (DNA)
has turned... This makes sense
when you consider the calendar in
1990, and where we are troughing,
and a bet that the economy is
really going to be soft. So it's
working.
Gilead (GILD)
is my favorite in the group, even
as it's the most highly valued. If
it plays out the way it did in
1990, you've got a six month move
here... and I really urge people
to recognize that what's happening
here is that you're seeing what
groups people don't want to see on
their sheets... that's obvious,
it's the banks... but you're also
seeing big bets being made for the
third quarter... and this is the
most visible bet, which is
biotech.
. . .
. .
On Supermarkets and Retail...
JJC: Well,
here's an interesting biforcation
that's going on... We've got
Whole Foods (WFMI)
being the value play, with a 3.3%
yield... We have
Safeway Inc. (SWY)
being downgraded... We have
Kroger Co. (KR)...
traditionally the most
commodity-oriented, least-forward
thinking supermarket flirting with
its 52-week highs.
I see money going into
Kroger Co. (KR)...
I endorse that, because they have
said that a little food inflation
is good for them. KR is... not as
bad as it used to be, and I like
management... Management is
really good at KR. They don't get
talked about enough. People
just feel that one supermarket is
just as good as another.
That's wrong. Just as we like
Costco (COST)
in the kind of trade down... we
like KR. There's very good
margin there, and what I think is
most interesting about KR is that,
contrary to what everyone else
says, we're able to put up even
more than the increase... Only
steel companies have been able to
do that, and now we know that they
can do that too.
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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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Jim Cramer recommends after
hearing his suggestions...
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Jim Cramer's past comments
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