Monday, 07/28/08
Posted 07/28/08,  11:47 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Monday, 07/28/08

  Dow Jones: 11,131  - 239
  NASDAQ:   2,264   - 46
  S&P 500:   1,234   - 23
 
 
 
 
 
After this segment, you can see Jim's Opening Segment picks here...


On Target
(TGT)...
JJC:    You've got to go over this Costco (COST) call, which was really one of the worst calls I've heard... which is basically saying, listen, you think that there's hope... there's no hope. I like the company, because it's growing at 13-14% and now sells at under a 20x multiple... TGT is absolutely road kill... And I know that TGT master trust of defaults in the credit card are really, really skyrocketing.  Of the retailers that are rolling over right now, I think that the best is TGT... Yeah, I would get out of TGT...

.  .  .  .  . 

On Verizon (VZ) and AT&T (T)...
JJC:    Oh, this is unbelievable... I mean, these companies reported really good quarters... I mean, they're so hated, they're scary... The issue is, suddenly, FiOS is no good... FiOS is just rolling out in New York... The analysts hate these two companies so much. I mean, T... they don't like it, because the iPhone costs too much... and VZ, they don't like it because T has the iPhone... They say FiOS is no good, but then they take down Comcast (CMCSA) and Time Warner Inc. (TWX) anyway. I think Ivan (Seidenberg, CEO of VZ) can't win... Oh, and we (CNBC) even trashed Ivan... I'll tell you something... I can't get into like bashing T and VZ, with 5% yields. The growth in cell phone texting... the growth in what I regard as being like the visual texting... is just incredible. I mean, no one gives these companies credit at all... they are despised. The analysts... Whatever line was bad, they decided to drill down on... T and VZ are as hated as I've ever seen, which usually means that some big mutual fund like Fidelity comes in and starts buying them. And then, when T gets to $36, and VZ gets to $40, they upgrade... The analysts are lemmings in this situation. The CEOs are bankable...

.  .  .  .  . 

 

 



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Stock Snapshots - Includes all stocks mentioned above

 

 

 

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)

TGT

43.96

na

Target (TGT)

VZ

33.60

na

Verizon (VZ)

T

30.63

na

AT&T (T)

   
 

Go to the next segment from tonight's show here >>

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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 portfolio
of stocks here >>

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:

jim-cramer-charitable-trust-stocks.com

 
See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

 
  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...

StockHomework101.com

This site is coming soon.   Thank you.

 
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Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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