Monday, 08/25/08
Posted 08/25/08,  08:57 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 08/25/08

  Dow Jones: 11,386  -  241
  NASDAQ:   2,365   -  49
  S&P 500:   1,266   -  25
 
 
 
 
     

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)

CSCO*

24.21

na

Cisco (CSCO*)

CSCO -  I don't understand why CSCO*'s not going higher.  I just bought some for my charitable trust.  Why did I do that?  Because John Chambers (CEO) came out at the $22-23 level, and he gave me the "all clear" sign.  He said business is good.  I think that when the buyers come back... and, believe me, they are in the Hamptons...  but the buyers will come back, and they'll come back for tech...  which is why I think you use the weakness in Apple (AAPL), Research In Motion (RIMM), CSCO... to buy some!...not to panic out like I'm seeing people do...  These are not houses of pain, they're houses of pleasure.  I have seen this week be a contra week many times.  Now it is true, we need Fannie Mae (FNM) and Freddie Mac (FRE) to fix themselves, or Treasury to fix it, but tech will work.

AAPL

172.55

na

Apple (AAPL)

See CSCO* comments above for:
AAPL

RIMM

127.03

na

Research In Motion (RIMM)

See CSCO* comments above for:
RIMM

DKS

22.12

na

Dick's Sporting Goods Inc. (DKS)

DKS -  Dick's has to pull back too.  Last night... I read through the DKS conference call... and they made some really good points, which is that they kept inventory very lean.  It's interesting, by the way, that there was one moment in the call where he talked about Under Armour coming in competitive... I wouldn't want...  I don't think Under Armour, Inc. (UA) should do that.  DKS bought this thing called the Golf Galaxy.  I was really against it... now, with Tiger Woods out, I really believe golf is a loser here.  But they kept the inventories low, so they did not disappoint.  They're going to continue to expand.  At $21, I think DKS will (have) pulled back enough that you can pull the trigger.  But understand... all the good retailers made their numbers.  Why?  Because of inventory control, so they don't have to take big discounts.  The comparable store (year-over-year) sales were still down at DKS, and that's not a good sign for the long term.

Price target to buy DKS:  $21.00

AVP

42.47

na

Avon Products Inc. (AVP)

AVP -  Avon's good, but it's got to pull back.  I'm waiting for it to pull back.

ACL

170.25

na

Alcon Inc. (ACL)

ACL -  I'm trying to remember... I thought that ACL was going to be a subject of a takeover bid here.  I'm almost certain that you can't get in it now, because I want you to take profits in it.... Let me find that story.  Look, let me come back on it... I don't want to say something I shouldn't, because I thought that ACL had gotten a bid...  Let me come back... I will have that one fixed by the...  I don't want to make something up for heaven's sake, but that's why the stock's hanging in there, without coming down.

Note:  Jim followed up in tonight's closing segment about ACL...
 
Jim:   It was a partial tender offer by Novartis. It bought Nestle's stake for 25%... It's not really trying to take it all over. I think the play is done out there. But those of you who... Remember Genentech Inc. (DNA)?... DNA went up, we caught that one, then I didn't want to stay for more... It's kind of like that.

ATI

46.64

na

Allegheny Technologies Inc. (ATI)

ATI -  You know, I saw this... this stock has come down so much.  This was our stock of the year two years ago...  It turned out to be the best performer in the S&P, which is really good because, boy, did we mess up last year with one of those...  which was NYSE Euronext, Inc. (NYX).  We picked three last year.  One was really bad.  Now, ATI is unfortunately in a market that got saturated.  They make product that goes into the high density steel... that goes into aircraft, and we know the problem with Boeing (BA), we know the problem with the airlines.  I still don't see a bottom in that company, unfortunately... I still don't see a bottom.  I sure do want to, but I don't see one.

CHD

60.83

na

Church & Dwight Co. Inc. (CHD)

CHD -  You know, I think this one's darn cheap.  This is another one.  I feel like it sounds like a broken record, whether it be Avon (AVP) or CHD.  But this is another one that I'm all set to pull the trigger on for this show, but it's got to go below $60.  It's just too dicey to recommend a stock like this, and then we get a swoon like we had today... the stock goes down... And then I want to pull the trigger.  But CHD is good.

Price target to buy CHD:  Under $60.00

       

[ 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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