After this
segment, you can
see Jim's Opening
Segment picks
here...
On
Freeport-McMoRan (FCX*)...
JJC: First of
all, I have been buying this
stock, right here, right now, for
my charitable trust... Do you know
that this stock sells off almost
every single time it reports? It's
a time-honored selloff. He comes
on your show... What is the man
about? Returning money to the
shareholders, buying back stock,
increasing the dividend... He
never denies that, if he gets a
takeover bid, he's not going to
take it for you... And, everytime
the stock comes down, it's just a
ridiculous buy. If you're going to
tell me that China's going to slow
down dramatically, maybe I'd
change... It costs like $1.25 to
bring out the copper... He's got
about a $3... and very high
price... his margins are
unbelievable... The
Molybdenum story
continues... This stock is so
overdone to the downside... But
all I can tell you Erin... it is
everytime it reports... and then,
everytime, it starts all over
again, and everytime you've got to
be in there buying it
hand over fist by the scardy cats
who sell... He's great, by the
way... he's just great. Has he
ever not told you the straight
story?... I really love that
guy... He's great!
. . .
. .
On
American Express (AXP)...
JJC: You know,
I've got to believe Ken Lewis here
(who says that super prime is a
problem)... I mean, Ken Lewis...
He would never have said that
Countrywide was accretive, unless
he had really scrubbed the
numbers, because he could look
really bad... and his deposit base
is fantastic. Last I looked, Ken
Chenault (CEO of AXP) made a major
mistake going into this business.
I think he's not a good lender.
Capital One Financial Corp.
(COF)
is a better lender. I am very
concerned that AXP has permanently
tarnished its franchise. And that
was the best franchise in the
world... Of course I'm a
cardholder, since 1980... It's the
greatest franchise in the world...
Why did he have to go into
lending?... It's just a fantastic
blue-chip business. I've got a lot
of points. I just bought my
daughter a Tiffany card, and then
like, 40 Nike cards...
. . .
. .
On
Canadian Natural Resources (CNQ)
and SUPERVALU Inc. (SVU)...
JJC: SVU, yeah,
I've got to tell you...
Kroger Co. (KR)
has become the only safe one in
that (industry)...
Whole Foods Market Inc. (WFMI)
is now a yield play... I mean, but
SWY said some bad things. I didn't
sound like I liked SVU... KR
delivered last time. They were
really bullish on the call. It
would really shock me if KR
reversed that... Erin, I have a
lot of faith in KR here and
they've really been able to make
it so that they're making some
pretty decent money and getting
some good margin... I think that's
the class of this field.
CNQ... I mean, natural gas has now
gone from $13 and change to $9 and
change... and I think that $8.99
is the low for natural gas, so
you're looking at $1 down, a
couple up... I think that CNQ is
probably settling in here.
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■
Stock Snapshots - Includes
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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
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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.
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:
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...
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.
