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  Monday, 07/07/08
 Posted 07/08/08,  07:00 am ET

(Scroll down to see Jim's comments below)
 
 
Today's date:  Monday, 07/07/08
  Dow Jones: 11,231   - 56
  NASDAQ:   2,243     - 2
  S&P 500:   1,252   - 10
 
 
 
 
     

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Stock Snapshots - Includes all stocks from callers' questions

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After this segment, you can see Jim's Closing Segment picks here...

 

 

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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)

MOS

129.43

126.00

Mosaic (MOS)

MOS -  Here's what we've been saying... We've been saying that we've got to be careful... Don't buy, don't buy... That group really overheated.  We have been saying that it's time to ring the register.  I don't want people to get burned.  You have to understand, with grain prices coming down, the momentum guys will be saying that fertilizer prices won't be as good next year as this year, so fertilizer prices are going to peak, and year-over-year it's going to be down, so let's go buy some biotech and forget fertilizer.  Until that notion is disabused... until people feel better about it... I am not going to recommend fertilizer stocks.  If I had to, my favorite would be Potash (POT).

POT

209.98

204.90

Potash (POT)

See MOS comments above for:
POT

X

157.75

157.95

United States Steel Corp. (X)

X -  Listen to me... they are still selling these stocks.  Now, Nucor (NUE) got so oversold to $63, that that stock bounced more than X.  I think this is part of what I say is that the cyclicals are falling out of fashion a little bit, and there are a lot of articles, this weekend, about how the auto companies are pushing back, and not paying the surcharges, plus they're making fewer autos... which, by the way, is bad for Sirius (SIRI) and XM (XMSR).  The more autos, the more things that they can sell... I want to be on the sidelines for steel for a couple of days... Don't buy, don't buy... until the trends are clearer.  I'm making my calls to a number of managements to see what they think.  That's how we're going to arrive at the issue... not sticking our fingers in the air and saying, I think the selling is over.

SIRI

1.98

1.95

Sirius Satellite Radio Inc. (SIRI)

See X comments above for:
SIRI

XMSR

7.29

7.25

XM Satellite Radio (XMSR)

See X comments above for:
XMSR

PG

62.91

62.67

Procter & Gamble (PG)

PG -  PG had a very big week last week.  I saw it bounce off the $60 level.  I've always been concerned that every Procter product I buy is done in plastic, which is big raw cost energy.  If we saw oil crack (go below) the $135 (cost per barrel level), that stock goes to $65.  But you know what?... That's an edgeless trade...  I'd rather be in biotech that has no exposure to resin.  That's what worries me about PG.  Although, longer-term... 18 month time horizon... I'm not going to bet against a great American company like PG.

BK

35.68

35.06

Bank of New York Mellon Corp. (BK)

BK -  You do have a problem with me with BK...  I am recommending no financials on this show... (buzzer sounds)... despite what you may have read on the web, which is unbelievable, that I like the financials, given the fact that I trashed them... given the fact that there isn't a single CEO in that business that doesn't want my head... I reiterate, I am not a buyer of any financials... sell, sell, sell!...  No financials.  And any media organization that attacks me as being pro-financial, please talk to the CEOs who are trying to fire me every minute, because I'm telling the truth about Fannie Mae (FNM), Freddie Mac (FRE), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Wachovia Corp. (WB)...  Oh, and by the way, Marshall & Ilsley Corporation (MI), but they actually delivered a better quarter.

FNM

15.74

16.40

Fannie Mae (FNM)

See BK comments above for:
FNM

FRE

11.91

12.69

Freddie Mac (FRE)

See BK comments above for:
FRE

BAC

21.53

21.59

Bank of America (BAC)

See BK comments above for:
BAC

C

16.40

16.50

Citigroup (C)

See BK comments above for:
C

WFC

23.52

23.69

Wells Fargo (WFC)

See BK comments above for:
WFC

WB

13.89

14.14

Wachovia Corp. (WB)

See BK comments above for:
WB

MI

12.50

12.45

Marshall & Ilsley Corporation (MI)

See BK comments above for:
MI

HK

44.15

42.01

Petrohawk Energy Corp. (HK)

HK -  All right... this is a group... remember my Wednesday caution... My Wednesday caution was to ring the register, because the pain is going to be too great.  HK is in pain territory.  It's not done going down.  I'm not ready to pull the trigger again.  That was my Miranda warning last Wednesday.  I will also tell you when you have got your rights...  But we're not there yet.  We've got to wait a little bit... and, when we do, you'll hear from me first.  I will sign the all clear... and then you can be in those stocks.
       

[ end of lightning round ]
   
 
After this segment, you can see Jim's Closing Segment picks here...

Go to the CLOSING SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>

Netflix, Inc.
Symbol keys:

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 >>

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.

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.

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.