Wednesday, 07/09/08
Posted 07/10/08,  8:21 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Wednesday, 07/09/08

  Dow Jones: 11,145  - 238
  NASDAQ:   2,234   - 59
  S&P 500:   1,244    -29
 
 
 
 
     

Stock Snapshots - Includes all stocks from callers' questions

     
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)

ESLR

8.76

8.85

Evergreen Solar Inc. (ESLR)

ESLR - No thank you... The only one that I have been staying with is First Solar (FSLR)... I now feel like I've understood the insider selling, which was bad... I am working on a series of ideas that have to do with it... If Obama gets in, you know that solar will be his key, nuclear is Shaw group for McCain... But I am not ready yet to pull the trigger, and I certainly do not recommend ESLR... It is way too speculative for this guy.

FSLR

265.40

266.78

First Solar (FSLR)

See ESLR comments for:
FSLR

 

       

JCI

29.18

28.82

Johnson Controls (JCI)

JCI - What we call JCI is the best house in a horrible neighborhood... Now, let me explain that... One of the things we learn as portfolio managers, when I used to run my hedge fund is I would have portfolio managers, my research people come to me and they would say, I want to buy JCI... I say, you know that JCI is the best play in automotive, but I can't stand automotive, so I can't recommend JCI... And that is absolutely right... Don't buy, Don't buy... I will not buy a stock that has connections with the airlines or connections with the autos.

GTE

6.51

6.53

Gran Tierra Energy, Inc. (GTE)

GTE - Boy, I miss the old GTE, which that very conservative lighting company... Alright, this GTE, I like energy... Remember what I said last Wednesday... I said energy was going take it, that you were going to get pummeled, that the griddle had gotten too hot... We are still on a too high griddle energy... I bet you, GTE in a couple of days we can recommend, but right now, natural gas is now huge since last Wednesday, oil is down huge since last Wednesday... It's too early, not yet... Don't buy... I've picking at energy for my charitable trust, it's not been a good idea... I like to buy on the down... The griddle is still too hot... It's to be a stay tuned situation.

ODP

7.20

7.24

Office Depot, Inc. (ODP)

ODP -  I always think of ODP, I think of Carl Edwards, that's one of his sponsors along with Aflac, which is one of my favorite stocks... You might see that... We talked about that with Carl Edwards on Sunday on NBC at 7 o'clock, my special "The American Dream, with Jim Cramer", comes from NASCAR... I do not like retail... I have said over and over again, I don't want anyone who watches Mad Money to own a retailer... I have been adamant, I even insisted that Sears wouldn't work anymore... There's only a handful of discount retailers that I want to own... Principally, I want to own Costco (COST)... I can not own an ODP, it is just too hard.... I will not recommend retailers... I will not recommend autos... I will not recommend airlines... That's been my standard, and I'm sticking by it.

COST

72.15

71.78

Costco (COST)

See ODP comments above for:
COST

 

       

MLM

96.46

96.17

Martin Marietta Materials Inc. (MLM)

MLM - I like crushed rock... When we first started the show there was a nice move in crushed rock because of big highway bills... Ever since then, it's been too linked to residential housing... Oh my, look at this... I don't recommend banks... I don't recommend housing... I don't recommend autos... I don't recommend airlines... I don't recommend retail... You'd think I like nothing, but we are in a bear market for most of the market, and that includes MLM... I don't want to own it.

XOM

84.31

84.30

Exxon Mobil (XOM)

XOM - Okay, XOM, here's my take... Buy, buy, buy... I am still a buyer of XOM, but remember again, my cautionary comments from last Wednesday when I said the momentum stocks are about to get hammered... That included everything in the oil patch... I've made that point, I've said it about 9 times... A lot of people said, how could you do that, how could you change your view... I just said, I'd like to avoid a beating... Remember the term that I used... I said that if you don't want to take the Novocain, then that's fine... But if you want to take the Novocain, take some profits... I am about to re-recommend XOM... I can not do it yet, but I certainly like XOM most that I heard... Most of the stocks in a very difficult down 200 point lightning round.

       

[ 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.
  See more "Cramerisms" & other financial phrases here >>
   
Helpful Websites:
  See the stocks currently known to be in Jim Cramer's
Charitable Trust at:

jim-cramer-charitable-trust-stocks.com

 
See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

 
  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.

 
  FastMoneyRecap:   This site will be a quick summary of recommendations made by the great Fast Money TV show crew, that will offer you a unique service, to compare their picks to Jim Cramer's past comments about those stocks.

Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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