After this
segment, you can
see Jim's Opening
Segment picks
here...
On
The Banks...
JJC: Look, we
obviously see the reversion of the
trade today, it's into oil, looks
like that could continue a little
bit, out of financials... People
were obviously worried about
Washington Mutual (WM),
well covered by David Faber... If
we're talking about
Citigroup (C)
well-covered by Bob Pisani... But
this is the flavor of the day for
the shorts... They got a rumor
that was down, wish they could be
a little more exact in what
they're saying... And
XTO Energy Inc. (XTO*)
held... You know, XTO, the deal
came at $48, they should have
priced it more in the hole, went
down to $46, bounced back, keep
XTO on your screen and keep Citi
on your screen, and I think you're
going to know the market around
the end of the day. XTO versus
Citi, those are the two
battlegrounds right now, and the
shorts are battling Citi and the
longs are battling XTO...
. . .
. .
On
Oil Up...
JJC: Well, you
know what, it's so tough to sell
Occidental Petroleum Corp.
(OXY)
when it's selling at five and a
half times earnings, and
ConocoPhillips (COP)
at six... It's ridiculous...
Natural gas hit the $8.99 support
that has been, that everyone knew
about when the stock, when the
futures were at $13... It
sometimes it actually matters
about evaluation... You can pay
x-times Bob's at
Wachovia Corp. (WB),
or you can pay 6 times OXY and
occasionally people just want to
same as OXY... OXY is so cheap...
I mean, you know at a certain
point these stocks are cheap...
Now look, this market is horrible,
we all know that... But if you
just take a look at some
valuations... Periodically, it
does matter... It matters for OXY
and it sure as heck matters for
COP... And you know,
Exxon Mobil (XOM)
at $80 was reflecting $70 oil, so
if you don't get $70 oil then you
might be doing okay.
. . .
. .
On
Ford (F)...
JJC: It's too
speculative for me... F is part of
a group of stocks... F,
General Motors
(GM)
and, to some degree,
Sirius Satellite Radio
Inc. (SIRI)...
some
Washington Mutual (WM)...
where the common stock may not be
what ends up being your call...
Every one of those, if I were
managing them, I would call and
say let's do a big convertible
bond, let's really hurt the
common...
. . .
. .
On
Terex Corp. (TEX)...
JJC: Western
Europe... If I hear that phrase
demand destruction again, what is
that, in everyone's texts... It's
like I feel like I missed that 8th
grade class... But TEX is a
Western Europe weakness play and
it doesn't matter what else
anybody else says, I mean this
stock has given up most of its
gain as did many of these really
great industrial companies...
Everyone obviously thinks we're
going into a serious worldwide
depression... I don't know... I
look at your friend Herb, at
Nordic American Tanker (NAT),
and I look at
Frontline Ltd. (FRO)
in the same way... Those stocks
predicted a big decline, and now
those stocks are coming back...
I'm the twist in between, but I do
say XTO versus Citi is all you
need to know...
. . .
. .
On
Union Pacific Corp. (UNP)...
JJC: I don't
understand how the heck the rails
can keep going up, but you know
what?... They must be being
propped up by somebody... I tell
you I'd rather be a seller of the
rails than a buyer.
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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
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