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Tuesday, 11/13/07
Posted 11/13/07, 09:31
pm |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 11/13/07 |
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Dow Jones: |
13,307 |
+319 |
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NASDAQ: |
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2,673 |
+89 |
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S&P 500: |
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1,481 |
+41 |
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On
the market and the bounce
we are getting today...
JJC: Okay, we were very
oversold, as I said
yesterday on your show...
We hit the levels of
oversold that we haven't
hit since August... That
means you should get three
days rally, at least...
right into expiration. I
think that you should
enjoy it for a couple of
days and then begin to
sell. This is a rally
that's really predicated
on some things that Lloyd
Blankfein (CEO) said this
morning at Goldman Sachs
on the Walmart (WMT)
quarter which was
absolutely... I have to
admit... WMT is terrific
here... And, I think
people forget, but the
mortgage insurers were
heavily shorted. It's been
floated that Warren
Buffett's interested in
buying them. Nobody can
stay short through a
Buffett rumor...
. . . .
.
On Goldman Sachs (GS*)...
JJC: GS* sells
at 7x next year's
earnings. 7.25x... I'm
using a $30 number. I
could be low. What people
have to understand is they
wrote down all their
stuff... David Vidder
who's really a fabulous
CFO... he wrote down all
the stuff to $85-90 that's
now at par. They had
private equity
positions... They stayed
short mortgages... they're
taking a huge amount of
shares here. Lloyd
Blankfein (CEO) was being
very modest and humble
when he talked about what
they could do... The
options... that's right...
the November $230s are
signalling that this
stock's going to be at
$235-$240 by the end of
the week. I think it takes
out its 52-week high. I'd
buy GS*. The rest of
them... sold to you.
. . . .
.
On
Michigan plays, General
Motors (GM)
and Ford (F)
and Borg Warner (BWA)...
JJC:
General Motors (GM)...
it was at $35... they
announced all this
stuff... We thought that
the mortgage stuff was
basically off the balance
sheet. It clearly is not
enough They may be even
worse off, the part that
their stuck with... it may
be even worse off than
ETrade (ETFC)'s
portfolio, which is really
saying something...
Ford (F)
does not have that
exposure. The F turnaround
is ahead of schedule...
You and I both like Alan
Mulally... F, under $8,
put me up... I want to own
that stock...
I had Senator Dodd on last
week... Everyone, democrat
and republican are
agreeing that we've got to
be able to find more cars
that burn less oil...
fewer gallons of gas...
BWA
is that... is a hope for
that... They've got the
technology... the best
technology... This stock
is a momentum stock. It's
up gigantically this year.
Up $40, up $70, year over
year... I'd still buy it
with the idea it takes out
its high.
I think Daimler AG
(DAI)
at $100 is right...
Chrysler hard to focus on,
obviously no longer
public. I'm sure they'll
stick it to us any day
now...
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com)
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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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) |
|
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GS* |
233.04 |
239.75 |
Goldman Sachs
See 'Stop Trading'
comments above for:
GS*
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GM |
31.37 |
32.19 |
General Motors
See 'Stop Trading'
comments above for:
GM
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F |
7.95 |
8.07 |
Ford
See 'Stop Trading'
comments above for:
F
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BWA |
100.00 |
100.92 |
Borg Warner
See 'Stop Trading'
comments above for:
BWA
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DAI |
103.80 |
103.91 |
Daimler AG
See 'Stop Trading'
comments above for:
DAI
Price target to buy:
$100.00 |
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Go to the next segment from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
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Symbol keys: |
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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 >> |
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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. |
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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. |
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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. |
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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. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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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... |
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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. |
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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). |
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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. |
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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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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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FastMoneyRecap:
This site will be a quick
summary of recommendations
made by the great Fast Money
TV show crew, that will
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