Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

NUE

43.72

Nucor (NUE)

See SPW comments above for:
NUE

Price target to buy NUE:  Low $30's...

 

KFT

27.78

Kraft Foods Inc. (KFT)

Q:     I am asking about Kraft for the long term...

Jim:   I like Kraft for the long term… I like the dividend… I like Irene Rosenfeld, she has been invited on the show a gazillion times… never wants to come.. here is the deal… they actually make Mac N Cheese, which believe it or not is on fire… that are so many of Kraft’s products… including Oscar Meyer… that are good trade downs.. . I want you to buy Kraft… and every time it gets to $25 I want you to buy more. That’s my take.

Price target to buy:  $25.00

 

PWR*

19.85

Quanta Services Inc. (PWR*)

Q:     Quanta Services?

Jim:   I think that this is such an Obama play that I am amazed that are other people are not wise to it… PWR, Quanta which I own for ActionAlertsPlus.com, my charitable trust, is the grid play… every time you hear President-elect Obama talk about the notion of improving the grid… the only company that really makes money off of that is Quanta… that is why they call it PWR, that’s the symbol… I want you to buy, buy, buy PWR… which was a stock that was wrecked.. by hedge funds gone wild.

XTXI

5.68

Crosstex Energy LP (XTXI)

Q:     I am calling about XTXI, Crosstex?...

Jim:   I don’t trust the dividend… I think that is a red flag dividend… coaches challenge dividend, help pay for the refs last night… well they were okay… it was just that the Fox presentation was bad… here is what I think… I think that if you are going to buy a natural gas company…. how many times am I going to say this?… as many times as it takes… I learned to say things 18 times when I worked for Fox… and the answer is Anadarko Petroleum (APC)… that is the best… that’s got, its whole company is valued at $10 a barrel… APC is the cheapest… the rest… the others, I don’t like them. The raggedy rest… I like APC.

 

APC

40.54

Anadarko Petroleum (APC)

See XTXI comments above for:
APC

WAG*

26.15

Walgreen Co. (WAG*)

Q:     My stock is Walgreens...

Jim:   No, come on man… they were in that bidding war over Long’s with CVS… that whole drug store business is just going to Haities… I thought that when Rite-Aid got on the ropes… that it would help everybody… Walgreens at $26 is a sell, sell, sell. I want you to sell it right now. I want you to sell it right now.

 

CMG

53.41

Chipotle Mexican Grill, Inc. (CMG)

Q:     Chipotle Mexican Grill...

Jim:   Now, come on... a high, expensive fast food company… when I got Mickey Dee’s flirting with $60… now come on my friend, show me some horse sense… I want you to buy Mickey Dee’s (i.e., McDonald's (MCD*)… not Chipotle… although man is Chipotle good… although I like Tito’s Burritos in town too… and I like that Jamaican Jerk Burrito.

MCD*

60.07

McDonald's (MCD*)

See CMG comments above for:
MCD

PPD

34.79

Pre-Paid Legal Services Inc. (PPD)

Q:     Is PPD a good stock to invest in?...

Jim:   You know Pre-Paid Legal is supposed to be very recession resistant… I have never gotten excited about that stock… I am going to have to say don’t buy… I think the business model is questionable… but I welcome them to come on the show and tell me why I am wrong.

IR

20.02

Ingersoll-Rand (IR)

Q:     I am looking at investing in IR - Ingersoll-Rand?

Jim:   No, no the quarter is going to be bad… I think you are going to being feeling bad about the Ingersoll quarter… they just won a bid contract this week… everybody went crazy for it … Warren Buffett bought it much higher… no, I think Ingersoll should have a disappointing quarter… I think people will be surprised when it happens… and you will be able to buy it at $16.

Price target to buy:  $16.00

 

AKS

11.07

AK Steel Holding Corp. (AKS)

Q:     My question is about AK Steel (AKS)...

Jim:   I gotta tell you that I have Nucor (NUE) that has moved up to much… if that stock were to come back to the low $30’s… I cannot recommend AK Steel even at $11... because I do not really care for their business… okay, look we are in a world wide recession… and as much as I would love to recommend AKS…. they had a chance to sell out in the $30’s… the stock went to the $50’s… the stock is all the way back down… it does not intrigue me… I think they are going to have a problem making the quarter… all the steel stocks have run to much that are the good ones… the bad ones are still down. I don’t want you touching that.

NUE

43.72

Nucor (NUE)

See AKS comments above for:
NUE

Price target to buy NUE:  Low $30's...
 

ALD

4.46

Allied Capital Corporation (ALD)

Q:     Allied Capital jumped up from $1.50 when debt was reshuffled, is it a buy?

Jim:   What an opportunity to sell, sell, sell… now this is a very combative company … whenever you say anything bad about them….you should expect them to be right back in your face… but my take is this… I think that you have that list…. and you out to take it… the last thing we need is a leveraged financial… we’ve got so many problems in the banks. Please, don’t make me buy ALD. Don’t stick with it!

[verbatim recap]

[ End of the Lightning Round segment ]