Thursday, 07/31/08
Posted 08/01/08,  11:03 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 07/31/08

  Dow Jones: 11,378  - 205
  NASDAQ:   2,325   -  4
  S&P 500:   1,267   - 16
 
 
 
 
     

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)

HK

8.65

na

Petrohawk Energy Corp. (HK)

HK - This is one of the Wildcat plays, and everyone has given up on them... They had a huge run... Another good article about this yesterday... the Haynesville Shale with my friend Aubrey McClendon, who is Chesapeake (CHK), does Haynesville Shale... I think to sell natural gas stocks down here when natural gas is at the $8 is a mistake... I'd rather buy HK... I think that that stock is a good one... Remember, here is my pecking order... I like wind and solar and natural gas, and then I like the integrated oils... They do not have appeal to me... I do not care for the major integrated oils... They are not discovering oil.

CHK

50.15

na

Chesapeake (CHK)

See HK comments above for:
CHK

MA

41.00

na

Mastercard (MA)

MA - You know... You know I like MA... And I have liked it since it came public... I did not like that quarter... That quarter had what we call hair on it... There were actually some things that did not compute for me, including domestic costs... I hate to go out negative on a stock that has made us so much money, that had what looked like to be a good quarter... that is the one I told you to take the Visa Inc. (V) IPO profits and go to MA... but I want you to sell some MA... It was just some, look... it wasn't a great quarter... it just wasn't what I expected... I want to sell it... I do... I want to take the profits in MA.

AGN

51.93

na

Allergan Inc. (AGN)

AGN - You know, I liked the quarter... The Street felt that the quarter wasn't strong enough... I really don't understand that... I think that when we had the, honestly, I went through the quarter with a fine toothed comb... because everybody is worried... We had David Pyott on... at this level you're absolutely right, it has done nothing... It has done nothing... But I do believe that there is in the end, going to be a strong demand, even in this economy, for botox... I saw numbers that looked good there... I want to reiterate that I think AGN is good... Are other drug stocks better at this point?... yes... but I like AGN... And look at this drug sector... how about Imclone Systems Inc. (IMCL)?... Getting a bid from Bristol Myers... How about the Genentech Inc. (DNA) that we said was good?... How about Celgene Corporation (CELG)?... Again, going to highs... I am not giving up... I am not giving up on AGN.


IMCL

63.93

na

Imclone Systems Inc. (IMCL)

See AGN comments above for:
IMCL

DNA

95.25

na

Genentech Inc. (DNA)

See AGN comments above for:
DNA

CELG

75.49

na

Celgene Corporation (CELG)

See AGN comments above for:
CELG

ALJ

8.58

na

Alon USA Energy Inc. (ALJ)

ALJ - No, that's a refiner... Now, I went through the Valero Energy Corp. (VLO) conference call and I will tell everyone to read Bill Cloister's comments... he's a real good guy... VLO... everyone wanted to hang them a couple years ago because they were making so much money... They are doing so badly... they are being so squeezed with buying crude... They used to buy Mayan crude, the Mexican crude... but Mexico is running out of oil... They're paying a fortune for crude, and then they're not making much at the pump... That's ALJ's problem... I do not like the refiners... People have been trying to call a bottom in refiners for a long time... I remember the 20 year bear market refiners, and I don't want it... Witness the fact that Marathon Oil Corp. (MRO) decided to split today because it wants to get out of refining... and that Exxon Mobil (XOM), almighty Exxon, got hurt by refining... I don't like refiners.

KO

11.74

na

Coca-Cola (KO)

KO - Okay... Now today is a good example... The market is down 205, what does KO do, it goes up... I would go over that quarter again... I think it was hurt by a lot of Suntrust selling... Suntrust did a bad job over the last year... They've had to sell their core position in KO, make a little money... I went over that KO conference call... there was nothing not to like... I think it's terrific... By the way, do I think Pepsi is better than KO?... I am starting to believe they're not comparable... Pepsi is a snack food company... it really is... it's Frito-Lay with a good beverage business... KO is really a beverage business... But you know what?... I like them both... So does
Warren Buffett, by the way, like KO... And that still matters to me... I read all these negative articles, I don't care... it still matters to me.

SBLK

11.24

na

Star Bulk Carriers Corp. (SBLK)

SBLK - I like SBLK... that is one that I went and said that was very interesting to me... but I want to remind people that I have circled the wagon of bulk carriers ever since that Baltic freight index went down and I recommending only two of them right now... I am recommending Frontline (FRO)... bountiful dividend... and I'm recommending Nordic American Tanker (NAT)... Both of those get the Cramer seal of approval... the other one... I'm frankly saying don't buy right here.

FRO

20.47

na

Frontline Ltd. (FRO)

See SBLK comments above for:
FRO

NAT

38.49

na

Nordic American Tanker (NAT)

See SBLK comments above for:
NAT

ERJ

24.15

na

EMBRAER (ERJ)

ERJ - You know, Boeing (BA) hit a 52-week low today... I don't know if I can go with a Brazilian airline company even though, I have to tell you, that company should be on fire... but everybody hates these... Even you know, I've got to tell you, general dynamics had great, and
Textron Inc. (TXT), both had great aerospace... Nobody cares... As long as BA is going down, I can't touch that stock... I am sorry... and I like BA very much.

CBS

16.36

na

CBS Corporation (CBS)

CBS - All right... CBS is problematic... First of all, they're a competitor... Now, the quarter it didn't have a lot to recommend itself... the company needs more growth... It does have a good yield... It's problematic... It's a problematic situation... It needs more growth... Full disclosure to my publisher... Okay, so I don't to violate anything... They publish my books... I've had a long standing relationship with the company... they did my radio show... I wish they had more growth... I think that's fair to say... That's where I am on the stock.

ACE

50.70

na

ACE Limited (ACE)

ACE - Nope, they've been very cautious... But I've got to tell you... that is the best house in a bad neighborhood... and I tell you that neighborhood is filled with houses of pain... Even Prudential (PRU) they didn't like... MetLife (MET) they didn't like... Chubb (CB) they didn't like... Chubb is so good... I say ix-nay because... AFLAC Inc. (AFL) they didn't like... I mean... no!... It's too hard... the insurance stocks, I'd rather own a bank... Wow... I said it.

PRU

6.07

na

Prudential (PRU)

See ACE comments above for:
PRU

MET

50.50

na

MetLife (MET)

See ACE comments above for:
MET

CB

48.04

na

Chubb (CB)

See ACE comments above for:
CB

AFL

55.61

na

AFLAC Inc. (AFL)

See ACE comments above for:
AFL

       

[ 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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