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Tuesday, 12/18/07
Posted 12/18/07, 11:54
pm |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 12/18/07 |
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Dow Jones: |
13,232 |
+65 |
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NASDAQ: |
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2,596 |
+21 |
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S&P 500: |
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1,454 |
+9 |
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On
Verizon Communications Inc.
(VZ)
and Comcast Corp.
(CMCSA)...
JJC: VZ
represents, in this environment,
the safest haven with a little bit
of growth... and I can't
tell you how great it feels to
have a portfolio stock - a stock
in your portfolio like VZ - how
great it feels... When the market
was down today, no one cared....
Yesterday, no one who owns the
stock cares... because it's
gotten control of its own
business... One of the
things that I love about VZ is
that most of its businesses didn't
exist four years ago... I
mean, who would have ever thought
that our kids would watch...
programs on their handhelds?...
And yet, I think VZ has been the
pioneer. They don't get
enough credit for it.
(Erin: So Jim, if I had to
ask you if you would buy VZ or
CMCSA, which would you buy?)...
JJC: Oh, that's very
easy. I would buy VZ.
Good yield and great footprint for
many years. CMCSA is
struggling and, while I like the
fact that the Roberts' are great
operators, I need that dividend,
because this market's too awful
not to have a dividend.
. . . .
.
On Bear Stearns
(BSC)
and Goldman Sachs (GS*)...
JJC: I'm so busy
reeling from the fact that, all
the people who sold GS* did not
listen to the conference call or
read it because, had they done
that, they'd buying GS*... not
selling. This is the worst
quarter I've ever seen and they
made this kind of money. I
think people are just... they're
envious of GS*. This was
an unbelievable quarter.
Who else is buying back stock?
Everybody else in this business
is offering stock, or preferred!
GS* is buying back stock!
They put their money where their
mouth is... You didn't
even need the Fed with these
guys... Look, GS* is going
to own... I believe
personally that it's going to
earn $30 next year. I have
hard time giving this anything
other than a 9x multiple...
(Erin: And we're at a 7x
multiple today, correct?)....
JJC: Under 7x for the
premier... Look, everybody wants
to nail this thing at $200...
Before this quarter was even
out... even before the first
headline came out, I heard, it's
lite... it's lite Jim...
Read this (the
GS* conference call)... This
is what you do when things are
bad... you deliver this kind of
quarter. You buy back
stock, and you shut up the
critics...
. . . .
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On Best Buy (BBY)
and Circuit City
(CC)...
JJC: Wait until
Friday, when CC reports and BBY
just goes through the roof...
and CC just closes, you know, a
huge amount of stores, and
realizes it can't compete...
(Erin: So, if I had to
choose between BBY and CC, what
do I choose?)...
JJC: What, are you
kidding me?... CC is
just... it's a geometric issue.
Stocks do stop at zero... I
can't find a reason to own CC.
It is the ultimate value trap.
BBY, on the other hand, is just
smokin'... And I've got to
tell you, that was a beautiful
quarter... it was a beautiful
quarter!
. . . .
. |
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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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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VZ |
43.79 |
44.10 |
Verizon Communications Inc.
(VZ)
See 'Stop
Trading'
comments above
for:
VZ
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CMCSA |
18.07 |
18.02 |
Comcast Corp.
(CMCSA)
See 'Stop
Trading'
comments above
for:
CMCSA
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BSC |
92.43 |
92.56 |
Bear Stearns
(BSC)
See 'Stop
Trading'
comments above
for:
BSC
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GS* |
203.45 |
202.68 |
Goldman Sachs (GS*)
See 'Stop
Trading'
comments above
for:
GS*
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BBY |
51.26 |
51.62 |
Best Buy (BBY)
See 'Stop
Trading'
comments above
for:
BBY
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CC |
6.64 |
6.61 |
Circuit City
(CC)
See 'Stop
Trading'
comments above
for:
CC
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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.
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