After this
segment, you can
see Jim's Opening
Segment picks
here...
On
Oil today...
JJC: Right, this
is the, look, alternative energy,
Don was so right, and he was
fabulous... Alternative energy
north of $100 is just too valuable
not to think of and wind power is
$.04 a kilowatt... And here we
have the Texas public utility
comission basically endorsing the
largest wind play in the history
of America... $4 billion worth of
contracts coming and I think that
everything wind is going to get a
multiday move even with oil going
down... The stock that we've been
recommending to play is
Quanta Services Inc. (PWR*)
because that's got the best
contracts, we think... We think
they'll get the most reliant share
of contracts... So that stock is
working today... So, you know,
understand, again, aprapoe of what
Don said, as long as oil stays
above $100, these work... Now,
obviously, when natural gas
crators, people are going to
switch to natural gas... But they
can't switch to natural gas
overnight, but they can build wind
and that's why Texas is
comitted... Here's one... You
know, we hear about... This is a
company (Owens Corning (OC)
that right now is doing a lot of
things right... Insulation matters
because with oil so high and
natural gas high, although,
obviously not as high, and we know
that they make the composites for
the windmill blade, so obviously
they get a lot of business out of
Texas... But Erin, that's not
what's driving the stock... Today
the stock is being driven by
rumors of a takeover by
PPG Industries Inc. (PPG)...
Now, I think you have to get your
arms around OC at a common stock
levered to both housing and wind
because I do not believe there
will be a takeover... So, I'm
poo-pooing the rally, even though
I like the stock long-term...
. . .
. .
On
Yum! Brands (YUM)...
JJC: You know,
this... I listed to that... I felt
for David Novak (CEO)... This is
just a really great company and
they've got a tremendous commodity
headwinds... I think anybody who
looks at the future for
commodities and recognizes once
the election is over that the
ethanol mandate could be
scrapped... You want to buy YUM...
But the next three months are
going to be difficult... And I
felt for this company because it
has just done a fantastic job with
the raw costs until now... This
quarter caught up with them and
you should be thinking about that
when it comes to all the
restaurants... But if you can wait
six montsh, YUM will come back...
Obviously, that's too long for
most of the people to wait... But
I felt bad for these guys, they
delivered and delivered but they
couldn't deliver this time...
. . .
. .
On
the Eye of the Hurricane?...
JJC: All right,
look, I think that whenever you
organize a nationwide short
squeeze that comes from the SEC,
if you can follow up with banks
immediately issuing equity we'll
be fine... Both Jamie Dimond and
Wells Fargo (WFC)
said, Jamie Dimond said first
mortgages are going down... WFC is
talking about home equity
exposure... Everybody needs to do
a financing... If they do a
financing, then we can live to
play again... But, if they don't
take advantage of the short
squeeze, then oil goes back up and
banks go back down.
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Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
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In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
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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
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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.
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