After this
segment, you can
see Jim's Opening
Segment picks
here...
On Bank of America (BAC)
and its purchase of Countrywide
Financial...
JJC: I have just
been consistently concerned about
BAC... both its yield and
post-Countrywide... I made a plea
again last night to either
presidential candidate... to
please come up with a plan for
what happens if a major bank
fails. Of course, I'm not
predicting that BAC is going to
fail... I am saying that it's more
than likely that BAC will keep
going lower. I'm very concerned
about the situation. I do not
think America is as concerned as
they should be (about banks
overall)... Yes, I mean, here's
Freddie Mac (FRE)
once again... yesterday, I did a
whole piece... I didn't want to
pile on... I was waiting for them
to go up... FRE and
Fannie Mae (FNM)...
You know, I've got to tell you...
they're technically insolvent and
everybody knows it... and we're
just kind of like saying, ah,
don't worry about it... I am not a
"don't worry about it" kind of
guy, when it comes to the
financials. Oh yeah, stay away
(from the financials)... Is the
market ready for the collapse of a
FNM or a FRE?... No. And I have to
tell you, it doesn't mean that
there aren't pockets that work...
Remember, there's always money
shifting around... We've been
focused on Mad Money every night
on the kind of stocks that
actually do well in this kind of
chaos and did well... We've been
saying
Smith & Nephew PLC (SNN)...
that was one last night.
Genentech Inc. (DNA)...
Look at DNA... just a devastating
hit job by The New York Times on
Sunday, and the stock's above
where it was on Friday...
Obviously, oil and gas are not
immune... We saw oil again trade
down. I want to point out that not
just FNM and FRE are turning the
market down, but we don't want oil
to be down huge, because there's
too much of the S&P that's now
oil, and too much of the
financials... So you have both
sectors of the market that have
been leaders that are... I mean,
huge chunks of the S&P getting
hammered... Oil has been a
leader... certainly not
financials...
. . .
. .
On Tech...
JJC: Look at
what's been going on these last
couple of days... I mean, look at
Cisco
(CSCO).
It took out its low... There was a
forgiveness trade, post-Bear
Stearns, where a lot of people
bought tech, and everything
worked... You know, you've got
Seagate (STX)
down...
Oracle Corp. (ORCL)
has been a house of pain, ever
since they reported the quarter.
We are not seeing a lot of great
news out of tech... And, you know,
can I just tell you... I've never
believed in "sell in May, go
away"... when it comes to the
market, but it has been right for
tech, and it's really occurring
right now. Those who are trying to
bottom fish in tech, I think, are
making a major mistake...
. . .
. .
On CVS Caremark Corp. (CVS)...
JJC: Here's
one... where I'm not confusing
with
CBS Corporation (CBS),
which is Channel 2 in New York,
which is just a terrible stock. I
see
Rite Aid Corp. (RAD)
report the other day, and RAD is
just horrible, and I think CVS
boosted its dividend. I don't
think people realize, what's
coming to be a happy duopoly
between
Walgreen Co. (WAG)
(and CVS)... which isn't run as
well as CVS... My take is, as RAD
breaks down, and they start losing
customers, CVS is the winner. I
don't have a lot of retail that I
like, but that's one of them.
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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
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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 >>
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Jim Cramer's past comments
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