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The Lightning Round: |
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Monday,
February 23, 2009 |
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See all of Jim's
comments and
thumbs up or
down, when
callers call
into the show
during the Mad
Money Lightning
Round Segment,
below...
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
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WMT* |
48.88 |
Wal-Mart (WMT*)
Q: You
would love my portfolio, totally
diversified, thanks to you. You would
love it because most of them are your
stocks, the one thing that I am missing
is a retailer. And I want it to be
Wal-Mart, what is my buy price?
Jim: Wal-Mart is the
only retailer on this show that I am
recommending… the only single one… and I
do believe, just so you know… retail is
under tremendous pressure… you want
Wal-Mart because in 18 months they will
own the world… I think it is terrific… I
have been buying if for
ActionAlertsPlus.com, my
charitable trust… but
not up here… the stock fell to $45,
$46... that is where you pull the
trigger… wait, be patient… this market
is coming to you… it is a real bad
market.
Price target to buy:
$45.00-$46.00
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RIMM |
37.42 |
Research
In Motion (RIMM)
Q: You
can help me with Research In Motion. I
bought it last summer at $90, and I have
been watching it drop like a knife ever
since.
Jim: Remember… remember,
we don’t care where a stock has been… we
care where it is going… now Research In
Motion… got into the lower end of the
range… this is one of the higher
multiple stocks… it had been up a lot… I
can’t back away from RIM, because I like
technology… but let’s understand each
other…RIMM,
Apple (AAPL),
and
Google, Inc. (GOOG)
are all going lower right now… they are
all going lower… patience does work…
with high growth stocks… but it is not
working yet…
Amazon.com (AMZN),
of those, is the only one right now that
I am feeling really confident… I met
Jeff Bezos today, it was personally a
thrill for me… he is one of my heroes… I
like to call them as I see them.
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AMZN |
61.71 |
Amazon.com (AMZN)
See RIMM comments above for:
AMZN
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Continued below...
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Market Results
today:
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See all of
tonight's
stocks
mentioned, on
Yahoo!
Finance,
here... |
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Monday,
February 23, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Monday,
February 23, 2009 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
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CAT |
na |
Caterpillar Inc. (CAT)
Q: What
do you think of Caterpillar? Is it a
buy?
Jim: I have been buying
it very slowly… in a trickle down… using
exactly my plan of being able to buy it
on the yield… I bought a couple of 100
when it cracked $30... bought a couple
of hundred when it cracks $27... and
when it cracks $24, I will buy another
couple of hundred… that will give me a
thousand by the time it gets to $19...
why bother… because ultimately I think
that this company is going to turn
around… now remember my friend Bert
Dohleman, on an infrastructure piece we
did on Thursday’s in the sell block.
recommended selling it… it was a great
call… why am I buying it… I have a small
position… I am trying to get ready for a
turn that I think will happen in the
next 18 months… and it is the best one
that I know… but it ain’t going up… Bert
Dohleman is right… right now it ain’t
going up, which is why I am buying on a
scale down.
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ACL |
na |
Alcon Inc. (ACL)
Q: Tell
me what you think about Alcon
Incorporated?
Jim: Not bad… not bad…
but I want to be in
Allergan Inc. (AGN)
because Allergan is not just eyes…
Allergan also has Botox, very
controversial because there is a
couponing issue… nobody like Allergan
anymore, I still like it… I think it is
better than Alcon.
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AGN |
na |
Allergan Inc. (AGN)
See ACL comments above for:
AGN
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UBS |
8.39 |
UBS (UBS)
Q: What
is your opinion on UBS, with their
recent troubles?
Jim: No, I can’t… as a
matter of fact I find that situation
problematic… remember, we are not
recommending any bank stocks on this
show… we do like
Goldman Sachs (GS*),
we like
Visa (V)
and
Mastercard
(MA),
they don’t have any credit risk…
everything else is just too darn
difficult… too darn difficult and too
much money has been lost… there will
come a level when Tim Geithner will
speaks… and we will have some clarity
about what is going to happen with the
banks… until then it is reckless to
recommend a bank on this show without
knowing what Tim Geithner is going to
say… and right now, the only people that
know what Geithner is going to say are a
couple of reporters that he seems to
speak to every day… and I am not one of
them.
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GS* |
80.07 |
Goldman Sachs (GS*)
See UBS comments above for:
GS*
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V |
54.25 |
Visa Inc. (V)
See UBS comments above for:
V
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MA |
152.58 |
Mastercard
(MA)
See UBS comments above for:
MA
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[verbatim recap]
[ End of the Lightning Round segment ]
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