Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

NAT

29.22

Nordic American Tanker (NAT)

Q:     I own Nordic American Tanker, I owned it at $35, and they are coming out with their earnings and dividend announcements on Friday. And I am concerned about what the numbers are going to look like.

Jim:   Alright, I actually have faith in Herb Jordan… I wasn’t happy that they snuck in that secondary after they bought the last ships… but I believe in Herb Jordan… he has got the best balance sheet… he is the CEO of Natty Dred… I think it is fine at $29... I do not want to go out on a limb… because oil prices have come down… and there is a story in Bloomberg.com today which said that oil tanker rates are going to come down… but if you have to own a tanker… it is going to be NAT… every time I expand a little further and I recommend something… I get my neck cut off… and my head… so NAT is my play.

PRU

25.90

Prudential (PRU)

Q:     The stock I am looking for is Prudential Financial?...

Jim:   The conference call was a disappointment, frankly… I was disappointed… I did not get what I wanted… I felt that they had taken on more risk than I like… I am only going to recommend in that group… remember I am really cutting back… Travelers (TRV)… why I am recommending Travelers… this is all about managers in this group… and Travelers has without a doubt the single best management in the insurance business… it has got a guy named Jay Fishman… he is very conservative… he did not blow his head off like some of these other guys… that is the only insurer worth owning… is the Travelers Corporation… by the way, it is property cash… it has great investments… how about that.

TRV

40.96

Travelers (TRV)

See PRU comments above for:
TRV

LTD

8.32

Limited Brands Inc. (LTD)

Q:     I want to know these retail stocks, man they are happening. How about this LTD?

Jim:   I see nothing there… I also don’t see any customers there when I go by… does anyone ever see a customer in a Limited Store…. holy cow, even the chart is bad… it looks like a lemon on the North Face pal… I think that Limited is going to do nothing… I am only recommending one retailer and that is Wal-Mart (WMT*)… and Wal-Mart is going down… can you imagine what is going on with the rest of the retail if Wal-Mart is getting hit… I say… don’t buy… don’t buy.

WMT*

48.23

Wal-Mart (WMT*)

See LTD comments above for:
WMT*

BPOP

2.10

Popular Inc. (BPOP)

Q:     I was just wondering about Popular Inc.?

Jim:   I used to own the stock during the heyday of the credit card business but that was in the ’90’s… I don’t want to touch this stock… I am recommending almost no banking stocks… with the exception of Goldman Sachs (GS*) and Morgan Stanley (MS*), both of which can pay off the TARP… and by the way, both of which I think are having great quarters… those are it that I am going to push aggressively right now… I cannot get behind the banking group because of all the problems in the sector… but Goldman Sachs and Morgan Stanley which I own for ActionAlertsPlus.com, my charitable trust… and I am beating the market.

GS*

94.71

Goldman Sachs (GS*)

See BPOP comments above for:
GS*

MS*

22.91

Morgan Stanley (MS*)

See BPOP comments above for:
GS*

IFF

29.39

International Flavors & Fragrances (IFF)

Q:     I am dying to know about International Flavors?

Jim:   IFF just okay… very weak dollar… very strong dollar situation… don’t really want to own it… it is kind of boring… it didn’t have a bad quarter… I am not going to get behind IFF… I just don’t see enough to recommend it… if it had a higher dividend… if it had faster growth I would like it… otherwise, I don’t mean to disappoint… but IFF… I am taking a pass.

[verbatim recap]

[ End of the Lightning Round segment ]