September 5, 2008, 5:38 pm | CDT
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Cramer's Calls -
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SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.Recommended Stocks By Sector
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Company: CLEVELAND CLIFFS
Sector: Basic Materials
Industry: Steel & Iron
Capitalization: 8,765 ($mm)
Added to portfolio: March 23, 2007 at $31.47
Current Price: 82.13
Sold: August 13, 2008 at $86.77
% Gain/Loss: +175.72%
Overview
TickerPriceChangeVolume24h range52 Week RangeP/E RatioEPS
CLF82.13+1.164,900,07075.74 - 82.6935.545 - 121.9519.48+4.16
History of Comments
DateCommentPrice% Gain/Loss
03/23/07will benefit from iron ore shortage - cheap - triple buy! - could be takeover target31.470.00%
.........................................................................................................................................
06/08/07remain a buyer - could get bought42.32+34.46%
07/10/07cheap - could get a bid - a buyer41.98+33.40%
02/12/08won't be independent for long57.57+82.94%
02/29/08right stock to buy in this environment after recent drop59.73+89.80%
04/07/08don't sell after recent run70.71+124.69%
05/02/08largest producer of iron ore reports Monday pm - is considered a takeover candidate - if it goes up after the report it will confirm that money will continue to flow into the industrials78.80+150.38%
05/21/08want to buy it in the low 80's - had big run92.99+195.49%
06/19/08don't like to recommend stocks that have doubled - be cautious105.86+236.38%
08/13/08paid too much for its coal acquisition - can't own it86.77+175.72%
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Site Update - Sep. 04, 2008

Major Buy Reiterations/New Price Targets*:
HRB
Other Comments – Existing Recommendations:
BQI, DE, HMC, HWAY, UPS, USB, WFC, WPI
Sells:
UDRL, VCLK

NEW CALL - See Cramer's Calls for market, sector & IPO comments -

- See  MAJOR REITERATIONS page for recent strong buy reiterations & new Price Targets -

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