Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

ACAS

5.13

American Capital Strategies (ACAS)

Q:     American Capital, ACAS?

Jim:   No, no supported annotated loans… that is one of the roughest businesses in the world… even at $5 I don’t want to be in that stock… if I am having problems owning Citigroup (C) and Bank of America (BAC)… I don’t want to go anywhere near American Capital.

C

5.60

Citigroup (C)

See ACAS comments above for:
C

BAC

11.43

Bank of America (BAC)

See ACAS comments above for:
BAC

OGE

na

OGE Energy Corp. (OGE)

Q:     What do you think of OGE - energy and electric?

Jim:   You know I have stocks like Exelon Corp. (EXC)… I got stocks like Consolidated Edison Inc. (ED), ConEd has so clearly bottomed here… I want you to buy ConEd… I don’t want you to be in yours, I want you to be in mine… sorry to be so pre-empterary, if not arbitrary, and capricious.

ED

na

Consolidated Edison Inc. (ED)

See OGE comments above for:
ED

CRM

30.85

Salesforce.com (CRM)

Q:     I would like to get your thoughts on Salesforce.com (CRM)?

Jim:   If you are a believer in high growth stocks… if you believe that we are going to have a strong second half… if you like fabulous management, which that company most certainly has in Mark Benioff (CEO)… then I think that you should buy Salesforce.com…. pull the trigger… I am a little more conservative… I don’t have a good dividend from there…. I don’t have a recession resistant stock… I cannot pull the trigger… but I am certainly not going to tell anyone to stay away from that fine growth stock.

SD

7.01

SandRidge Energy, Inc. (SD)

Q:     SD - Sandridge. Are you bullish on crude and natural gas?

Jim:   If I am bullish on crude and natural gas… which by the way I am not… I think they are locked in a range… I am going to buy BP… because I want yield… I gotta have yield.

BP*

45.70

BP plc (BP*)

See SD comments above for:
BP*

PM

41.83

Philip Morris International (PM)

Q:     Philip Morris International?

Jim:   Now you know that you have got a winner there… I don’t care about, you know the fact that the dollar could get strong … I don’t care about international regulations… I think Philip Morris (PM) at $41... is just a knockdown drag out buy…. right here.

Price target to buy PM:  $41.00

WFC*

23.80

Wells Fargo (WFC*)

Q:     Talk to me about Wells Fargo, they are taking all my Wachovia profit away.

Jim:   Alright, I wanted… well I just got frozen for ActionAlertsPlus.com, my charitable trust… but my instinct was to buy a little Wells here… I am now down here…. after we saw the news on TARP… there are only two banks that I am going to recommend on this show… I am going to recommend JPMorgan (JPM*) on the way down… and I am gong to recommend Wells Fargo on the way down… everything else is now in Bear market mode… now that we see the price to pay for failure, is no longer Citigroup (C)… which was good… but now, it is just… they have crushed in the commons… they are gong to get rid of the dividends… they are going to crush the common if you are in trouble… I cannot recommend any bank stocks other than those two.

Wow, is that a down beat way to end the Lightning Round... But what can I say?...  The Lightning Round, unlike the Eagles… is over.

JPM*

24.91

JPMorgan (JPM*)

See WFC* comments above for:
JPM*

[verbatim recap]

[ End of the Lightning Round segment ]