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Jim
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STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

UPL

67.96

68.01

Ultra Petroleum Corp. (UPL)

UPL -  I don't know anybody who's saying to buy these other than the buyers... I don't mean that simplistically.  I mean that natural gas is hopelessly out of fashion, and yet the stocks have creeped right back, after last week's selloff.  UPL's the big beneficiary of the Wyoming development.  They have a great relationship with the Bureau of Land Management.  I think they're drilling all over the place.  I want to buy, buy, buy, buy, buy...
 

MHP

41.79

42.14

The McGraw-Hill Companies, Inc. (MHP)

MHP -  I read through the MHP conference call this week and Terry McGraw has a lot of good things to say about what he thinks is going to be a turn, and maybe a resurrection of the S&P business, but you know what?... Don't buy, don't buy...  I am not buying it.  I still think that business has got a little way to come back.  Now, that said, this is a quality company.  The stock is very inexpensive.  If you think that structured product can come back at all, you've got a real winner.  I want to wait.  I think you get paid to wait.

DTV

22.78

22.85

DirecTV Group Inc. (DTV)

DTV -  To be honest, I have always been shocked that this stock is as low as it is.  I agree with you.  I think it's terrific, but think about it... cable, FiOS... There's so much competition, and the competition's making it so that no one wants to own any of these...  So, I would be careful.  I don't want to be aggressive, but I understand the sentiment.  I've been buying Discovery (DISCA*), because of Dave Zazlov, and because I genuinely believe that they are the only communication/TV business that I want to own right now, even in terms of the providers.

DISCA

24.36

24.53

Discovery Holding Co. (DISCA*)

See DTV comments above for:
DISCA*

BRCM

22.79

22.87

Broadcom Corp. (BRCM)

BRCM -  We have not been fans of BRCM for many, many years here.  It's a very competitive marketplace.  I don't feel there's any real edge to owning BRCM.  I am not going to endorse it here... Don't buy, don't buy... I think that... I'm just trying to get my arms around the fact that   QUALCOMM (QCOM) reported a good quarter, but has a lot of litigation with BRCM.  I don't like that sector.  I don't like that segment.  I don't like the cell phone innards.  I do like Nokia (NOK)...

NOK

34.58

34.28

Nokia Corp. (NOK)

See BRCM comments above for:
NOK

TRMB

30.27

30.30

Trimble Navigation Ltd. (TRMB)

TRMB -  GPS is now too competitive.  I don't want to touch it.  Don't buy, don't buy.  I think the Novatel acquisition by Nokia (NOK) is going to destroy pricing.  I also would use any price increase that we get, above $70, to sell Garmin (GRMN) too.  I've got to be negative on this global positioning business.  There are just too many competitors...  too much free-fire zone. 

GRMN

68.22

69.00

Garmin Ltd. (GRMN)

See TRMB comments above for:
GRMN

Price target to sell GRMN:  Above $70.00

 

MELI

42.60

44.46

Mercadolibre, Inc. (MELI)

MELI -  It was two things... One was that the guidance was in-line, and we obviously wanted to blow away guidance.  We didn't get that.  And then they also said they had to spend to take market.  On top of that, they did the secondary (stock offering)...  Now, here's my case... I saw this with Baidu.com (BIDU) a million times... a million times with saw this with BIDU... then BIDU went up huge and then, finally, plateau'd...  I still like BIDU here.  I think that you should be on the MELI secondary... I'm telling you to pull the trigger when that deal comes...  Buy, buy, buy!  This thing is down, and down hard and I think it's a mistake.
 

AAPL

130.01

131.21

Apple Inc. (AAPL)

AAPL -  It wasn't a great quarter.  I mean, I was talking to the guys at the Apple Store in Short Hills (New Jersey) mall this weekend.  You know, it kills me to say this... it was just not a great quarter.  The iPod numbers were not what I wanted... I didn't see a blow away on iPhone...  I was hoping that the Mac business, which I love... I happen to have two Macs at home... was terrific.  I didn't get that.  So now, I'm being a little more price sensitive.  It's very hard to figure out what to pay for their earnings, when they didn't blow away the numbers.   I am saying, at $120, I will get intrigued by AAPL again, but not until it gets to $120.  Until then, you're not going to see me pull the trigger.

Price target to buy again:  $120.00

FSLR

177.00

180.75

First Solar, Inc. (FSLR)

FSLR -  I think the stock is cheap.  I have to tell you, I was doing some work on MEMC  (WFR) though...  And, on the WFR call, there were some real negatives.  I don't want to be in WFR.  I would actually start scaling out of WFR.  I think FSLR is good... Obviously, everyone's decided that oil's going to $70, so FSLR isn't going to make the money...  I would leg into FSLR here.  The stock has come down a lot and I would start buying.

WFR

73.32

73.32

MEMC Electronic Materials Inc. (WFR)

See FSLR comments above for:
WFR

PCU

86.09

87.99

Southern Copper Corp. (PCU)

PCU -  No, no.  I don't think - because of the regulatory environment in Latin America - I do not believe it is a takeover target.  I do believe it is dirt cheap.  However, everyone's turned on copper here.  Witness the fact that I've been digging in my heels on Freeport-McMoRan (FCX*) for my charitable trust, and it has not made me any money...  I am not going to make a big bet on copper here, even though I think China's strong, and housing could come back in this country, I just think it's dead money.  It's dead money right now.  Don't buy, don't buy.  I don't want you to buy PCU.

NOC

78.30

78.72

Northrop Grumman (NOC)

NOC -  I would not speculate on this (U.S. Air Force) contract either way.  I would own NOC.  We had Dr. Sugar (CEO) on last week... I thought he told a compelling story.  It's got great cash flow.  It's terrific.  I also like Boeing (BA), but I like BA off of commercial, not military... I would buy both of those stocks.  They're down big, and I think the economy's going to come back, and that's going to help BA... worldwide economy... and I think that NOC is generating just too much cash flow to stay down here.  I recommended it when I was at USC about four months ago, and I reiterate my buy recommendation right here.
 

BA

77.60

78.57

Boeing (BA)

See NOC comments above for:
BA

CLWR

12.45

12.38

Clearwire Corporation (CLWR)

CLWR -  No.  Too speculative.  We did have a good trade.  We went into CLWR.  We doubled down at $15.  It got to the mid-$20s, and we pulled the trigger (to sell) and we have never looked back.  I don't like CLWR.  I don't like WiMax here.  I just think it's too hard. 

T

36.40

36.70

AT&T Inc. (T)

T -  Okay, now let's make this really clear... Because there was a dispute about how well they were really doing, and everyone has just decided... there was a downgrade last week... even though they did an in-line quarter... for what they got at the beginning of January, let alone December.  I feel very strongly that T and Verizon (VZ) should be bought.  As a matter of fact, I have been telling people - and I said it this weekend - that T, when it was below $35, may have been the single-best buy of this market, because you get that good yield.  T's business is good...  it's wireless business is really excellent.  I want to pull the trigger at $35.  Let it come in a little.  And, by the way, I was on the VZ call, and Ivan did a good job.  I don't get that.  That stock was down a buck at one time.  There's too much negativity for VZ and T.  Not enough negativity for Sprint (S)!

Price target to buy T:  Below $35.00

VZ

38.11

38.47

Verizon (VZ)

See T comments above for:
VZ

S

9.97

10.05

Sprint Nextel Corp. (S)

See T comments above for:
S

ACM

23.90

23.50

AECOM Technology Corporation (ACM)

ACM -  Remember, we said the jury's out until the next quarter.  We didn't like the previous quarter.  What's really going on, is that you've got to look at the front page of the New York Times over the weekend (buzzer sounds)... The front page of the New York Times had this article about infrastructure, and how cities are cutting back, and it's too costly, and they're not able to do the projects.  That is right in ACM's bread basket, and that's why that stock is going down.  I think they can refute it short term, but perception of municipalities not being able to spend has made that company a distinct don't buy... even though I think it's business is good.  Let's see what the quarter is.

TXN

30.32

30.44

Texas Instruments Inc. (TXN)

TXN -  The buyback has been humongous.  They actually had a great conference call.  Things were better than expected.  But, because of the cohort, which are all things that go into consumer products... even though Best Buy (BBY) was up big, so someone thinks that retailers are eventually going to come back...  No one wants to own TXN except for you and me.  I think you're right on TXN.  I think TXN's cheap at $30.  It hasn't missed the quarter.  It's done a good job.  I am standing behind TXN.

 

[ end of lightning round ]

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