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Wednesday, 07/23/08
Posted 07/23/08, 11:03
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Wednesday, 07/23/08 |
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Dow Jones: |
11,632 |
+ 29 |
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NASDAQ: |
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2,325 |
+ 21 |
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S&P 500: |
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1,282 |
+ 5 |
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Final Segment
1 Title: |
'Am I
Diversified'... |
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. . . .
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Featured
Stock(s): |
No new stock
picks... |
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After this segment, you
can see Jim's
Sudden:Death picks
here...
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. . . .
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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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na |
na |
na |
'Am I
Diversified'
Segment...
In this segment,
Jim takes calls
from viewers to
critique their
top five
holdings, to
indicate whether
they are,
together,
relatively
diversified as a
standalone
portfolio.
. . . .
.
No fresh stock
picks.
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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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Final Segment
2 Title: |
'Mad Mail'... |
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. . . .
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Featured
Stock(s): |
See comments below... |
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
. . . .
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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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SIRI |
2.68 |
na |
Mad Mail
Sirius Satellite Radio
Inc. (SIRI)
Q:
Jim, Booyah from
the land of
Chesapeake!
They're drilling
on my land. Can
we say royalty
checks?!
Question: The
SIRI/XM
merger... will
it go through in
some form or
another? Are you
still a player
on this merger?
JJC:
All right, get
this, there's
our FCC guys...
One year and 156
days, I mean,
Exxon, Chevron
and
ConocoPhillips (COP)
could have
merged overnight
versus this
deal... It'll
finally get
done... The
restrictions are
not great... I
am concerned
that there will
be much more
financing that
needs to be done
to make it so
the common stock
is not a great
bet... But I do
believe, as I
say in
Stay Mad For Life,
that it's
perfectly okay
to have one
speculative
stock in your
portfolio... And
if that one
stock is Sirius
Satellite, out
of say five, one
out of five can
be speculative,
I bless it,
okay?... And I
also like
pharmas... or
Howard Stern...
there isn't
anyone else who
championed this
thing more than
I have... And I
think it was a
disgrace that
the FCC held it
up to not be
able to be put
in the new car
models for this
year, which is
what really
matters.
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WB |
17.65 |
na |
Mad Mail
Wachovia Corp. (WB)
Q:
Jim, I give up.
When WB missed
earnings
estimates by a
ridiculous
margin and their
stock went up,
and
XTO Energy Inc. (XTO*),
who beat
estimates, went
down. What's
going on here?!?
My head is going
to explode. A
head spinning,
mind-boggling
booyah to yah!
JJC:
You pretty much
captured the
whole mindless,
mind blowing
unbelievable
part... At one
point Dylan
Ratigan says,
you know it's
just too crazy
today, while I
was watching his
show... It is,
it's totally
nuts... XTO,
after the bell,
prices 26
million shares
at $48... This
stock was
literally at
$72, I sold it
at $68 for my
charitable
trust... I want
to buy it on
this deal...
Very much, at
$48 I want to
buy the thing...
Now, WB, Bob
Steel, my friend
who runs WB,
remember, he
bought between
$15 and $17, he
bought a million
shares of WB and
he's a really
really smart
guy... The
answer is, be
some of both...
Own some WB and
own some XTO...
That way,
whatever is
killing you in
one, will be
making it in the
other...
Remember the
ultimate goal of
Mad Money... I
want to keep you
in the game
because every 20
year period,
stocks have done
better than
everything
else... The
academics want
to keep you out
of the game,
they want you to
send a check to
someone and have
that person get
a lot of fees...
That's not my
style.
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na |
na |
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Mad Mail
On Housing
Stocks...
Q:
Jim, I thought
you were of the
opinion that
banks could not
bottom before
housing
bottomed. What
changed?
JJC:
We saw quarters
from
Wells Fargo (WFC),
from
US Bancorp (USB),
we saw a quarter
from
JPMorgan (JPM),
we saw a quarter
from
Bank of America (BAC)
and those guys
had already put
charges in that
made it so when
housing does
bottom, they
will be over
reserved...
That's the
ticket... That's
what WB did...
They anticipated
a housing
bottom, they're
going to be
right... Don't
forget, $300
billion go in
the FHA to
refinance exotic
mortgages of the
2 and 28 variety
between 2005 and
2007 that are
50% of the
defaults...
That's going to
put a bottom in
the housing... I
can't be more...
I was the first
guy to said
torture house
for the
insurance
money... I am
now telling you
that between now
and the next six
months you got
to buy a house.
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[
end of final segment ]
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Go to the SUDDEN:DEATH
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
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