Tuesday, 07/15/08
Posted 07/16/08,  06:57 am ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 07/15/08

  Dow Jones: 10,962   - 92
  NASDAQ:   2,215    + 2
  S&P 500:   1,214     - 2
 
 
 
 
 
After this segment, you can see Jim's Opening Segment picks here...


On Polaris Industries, Inc.
(PII)...
JJC:    Tom, you have a product that burns a lot of gasoline that is completely unnecessary... Why would anyone buy a product that means they have to pay a lot more than they did a year ago?... Harley is not seeing that at all... Very impressive... That's a needle in a hay stack to be honest there... I mean, there are so many companies... You listen to what Wagner said at GM today where the SUV is becoming obsolete... Almost every consumer aspect that anything that is other than a staple, people aren't buying... So he must have quite a product... Well, look, they like NASCAR but look at the international speedway, look at those stocks, they're hitting 52-week lows... Here's a leisure activity unlike hunting, unlike fishing, unlike mountain climbing, unlike baseball... I'm thinking about what is sold at Dick's Sporting Goods Inc. (DKS)... I mean, Dick's has been a terrible stock... Cabela's Inc. (CAB) has been a terrible stock... So he's bucking a lot of trends... That's a gem... That's a gem... I don't have a lot of consumer based interesting companies that can buck this trend... I just don't... It's certainly not going to be one of the big staples... I mean, look, today, Clorox Co. (CLX), Kimberly-Clark Corp. (KMB), I mean, I never thought of those as discretionary... Suddenly they are discretionary and they're not making the kind of money that they used to... I know, it wasn't... But they're not doing well... But of course, their raw costs are way up... The production is 70% based on oil... 

.  .  .  .  . 


On trading Clorox
(CLX), Kimberly-Clark (KMB), and Procter & Gamble (PG)...
JJC:    Well, you know, I have to tell you that at one point Kimberly was down so low today it was kind of compelling... CLX hasn't even gotten it down yet for heavens sake... And I was talking to David Faber off-camera talking about how small cap a lot of our big companies are... CLX is $6 billion company... Look, tomorrow it could pre-announced but I mean think about all the billions it took to be able to build those brands... And here it is for $6 billion dollars and obviously if you're doing it in Euros, it's $4 billion... A lot of our companies will be given away, whether it be Sprint, we just saw a bunch of companies... You know, look, everyday we have an American company that is quite obviously Anheuser-Busch (BUD), I mean, that was incredible... I can't believe they stole Bud like that... I can't believe it... Bud is the king... It's a great American brand that turned out to be worth in their currency, very little and it's just an example... I heard Bernanke say today that the dollar, that it has nothing to do with the budget deficit... That a lot of the countries doing quite well do not have budget deficits and their currencies do not have budget deficits...

.  .  .  .  . 


On Lehman Brothers
(LEH)...
JJC:    Some nice irony, she always blamed the hedge fund for knocking her stock down, now she's the hedge fund concierge... I mean, come on... And you know, the idea, I understand Charlie said she was well respected... Frankly, I'm not going to say anything about that... I think that so many things speak for themselves right now, you don't need me to say it... I'm evoking my nana Mary's adage... if you don't have something good to say, don't share it... I'm doing that about Washington Mutual (WM), about National City (NCC), I'm going to start doing that about Downey Financial (DSL), I'll certainly do that about Huntington Bancshares (HBAN)... Maybe I'll throw in Fifth Third Bancorp (FITB)... I have nothing bad to say...

.  .  .  .  . 

 

 



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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.

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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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StockHomework101.com

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