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Monday, 07/07/08
Posted 07/08/08, 07:00
am ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Monday, 07/07/08 |
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Dow Jones: |
11,231 |
- 56 |
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NASDAQ: |
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2,243 |
- 2 |
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S&P 500: |
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1,252 |
- 10 |
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Opening Segment 1
Title: |
'Survival Guide' |
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. . . .
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Featured Stock(s): |
General market
comments - about the
way to survive this
recession by moving
into some healthcare
stocks.
No specific stock pick
until next segment,
below...
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC: Wall
Street is brutal... It's a
brutal fashion show!...
The runway is littered
with groups of stocks that
go in and out of style...
And, unfortunately for us,
this is now recession
season, so the competition
to dethrone America's top
earnings model has never
been greater... but that
doesn't mean everything
goes out of style...
That's why the notion of a
bear market, falling prey
to the thought that
everything goes down, will
get you in trouble. It
will make you fearful of
everything... even when
everyone who's seen this
show knows there's always
a bull market somewhere,
even now, after a vicious
pasting...
So, tonight... and for the
rest of the week... the
whole week... because I
think you guys have got to
understand this... I'm
going to present you, for
your edification, the
Cramerican Marine Field
Guide to Recessions...
What I think this bear
market is all about... An
oil-induced recession...
What works in the Wall
Street fashion show...
what gets the big-money
guys to turn their heads
and say... ahhh... I want
to own that right now...
or, I want to dump that
right now... That's the
exact situation we're
in...
Well, first you need to
know a little bit more
about how to play the
game...
The next time we have a
trading rally like the one
we had earlier in the day,
or even that last bit of
rally at the end of the
day... I want you to use
it... use it to take
profits in some of the
winning stocks we've
talked about for a long
time... and re-position
yourself into defensive,
recession stocks and raise
some cash.
I'm telling you this today
because, like this
morning, I might not be
there to notify you the
next time we get a
rally... I may not be
ringing...
Now, it's not like we've
been unaware that the
economy has been bad on
this show... I mean, come
on... But there have been
whole groups of stocks
that held up for a long
time... First it was the
exporters, then the rest
of the worlders... the
ones that have 50%
overseas... the weak
dollar plays. I don't
think they will outperform
the next few months, even
though I still like the
companies...
. . . .
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The Bottom Line!:
The export-oriented names
that have been working for
us for so long, ever since
we coined the term
ROW-er... they seem to
be going out of style for
now... I say the way to
play this recession is to
move into some healthcare
stocks. Which ones? You've
got to stick with Cramer
after the break, and for
the whole week...
. . . .
.
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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 |
General market
comments - about the way to
survive this recession by moving
into some healthcare stocks.
No specific stock pick until
next segment,
below...
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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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Mutual-Fund-Holdings.com
NEW RESOURCE!
See Ken Heebner's CGM
Focus Fund
Top 25 holdings - The No.
3 Top-Performing Mutual
Fund in 2007
|
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Opening Segment 2
Title: |
'Genetic Makeup' |
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. . . .
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Featured Stock(s): |
Genentech Inc. (DNA)
See DNA's official
website
here.
See the Yahoo!
Finance profile for
DNA
here.
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC:
Welcome back to the
Cramerican Marine Field
Guide to Recessions!...
And how to make money...
while the bears seem to be
reigning triumphant over
most, but not all, of the
market... because,
as any good Cramerican
knows, there is always a
bull market somewhere...
I just laid out the 1990
scenario for you... That
was the last time we had a
financial meltdown...
where I think you want
healthcare stocks,
especially biotech,
because they're the ones
that could actually make
you money in this
situation. Yes, as bad as
it seems now for
Fannie Mae (FNM),
Freddie Mac (FRE),
Citigroup (C),
Bank of America (BAC),
Lehman Brothers
(LEH),
Wachovia Corp. (WB)...
it was bad then too...
You see, there were
winners in 1990, when Citi
nearly went under... in
biotech... and I think
they'll do it again...
And what I really thought
was amazing was that it
wasn't even good
biotech... the second-tier
biotech stocks did well
too...
How about an example?...
How about an example of
what I think is going to
work this time?...
Did you see that job on
Genentech Inc. (DNA)
that The New York Times
printed over the
weekend?... [Costly
Cancer Drug Offers Hope,
but Also a Dilemma, July
6, 2008]... I mean,
this was just an extremely
negative article... I have
to tell you, it had
nothing new. You see, the
press loves to grandstand
about drug companies
overcharging for
life-saving or
life-extending drugs. I
read the article...
well-written, well-edited,
and I don't think it
landed a glove... not a
glove on DNA... and yet
the stock was down $2
bucks, or 2.6%, today...
Now, a lot of local papers
wouldn't print this up...
It's The New York Times
for heaven's sake...
The stock's under a
momentary cloud. I think
it probably will be for
several days, but none of
that should matter if DNA
could deliver good
earnings and good sales of
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