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Opening Segment #3: |
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'Am
I
Diversified?' |
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Wednesday,
February 25, 2009 |
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In this segment, Jim
takes 2-4 callers
and asks them to
submit five stocks
that make up their
largest positions in
their portfolio.
He then comments on
whether or not they
are properly
diversified.
Jim:
We focused on gold
in that last
segment… not just
because it is pretty
and shiny, or
because I like bling…
but because I think
gold is a great safe
haven… I think it is
a place to be…
however, that
recommendation comes
with this warning…
if you own nothing
but gold, I met
someone yesterday
that literally had
nothing but gold…
and you are not in
other sectors than
you are going to get
burned… it would be
foolhardy and
reckless to own
nothing but gold… I
think 15% is as much
as you can… I need
you to be
diversified.. that
is why we play Am I
Diversified… you
call me, you give
your top 5 picks,
and I tell you if
you are diversified…
so let’s start right
now...
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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NAT |
27.10 |
Nordic American Tanker (NAT)
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JNJ* |
53.96 |
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WFC* |
13.44 |
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COP* |
38.39 |
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CAT |
25.03 |
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Caller:
My top five
positions right now
are Nordic American
Tanker, Johnson &
Johnson, Wells
Fargo,
Conoco-Phillips, and
Caterpillar?...
Jim:
Alright, we have a
lot of stocks that
are owned by
ActionAlertsPlus.com, my
charitable trust
here… Conoco is one
that I have been
buying aggressively…
because it has got
such a great yield,
almost 4.8%, that is
an oil company… JNJ,
I am not giving up
on America, unlike
Warren Buffett, I am
buying JNJ, it has
got the highest
yield that is has
had relative to its
stock price in 20
years… Nordic
American Tanker,
that is the oil
tanker, that stock
has not acted well
because it did a big
secondary, but is
the best in terms of
the balance sheet of
the oil tankers… I
own Wells, I had to
have some
diversification,
Sheila Baer, tonight
at 10 o’clock when
asked about whether
Wells’ dividend is
too high, I think
basically implied
that it is, so be
careful out there..
.Caterpillar, it is
an accidentally high
yielder, it brought
back a lot of stock
high, I own it, I
have got to tell you
I have a small
position, the
infrastructure bears
were right Cat does
not act well… we
have a machinery
company, we have got
a bank, we have an
oil, we have a drug
company, and we got
a shipper… that is
the essence of
diversification… and
I salute all of
Florida state, not
just our caller.
Verdict:
YES,
Diversified.
Next portfolio
analysis by Jim,
below...
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See comments continued below...
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Wednesday,
February 25, 2009
(Cont'd from
above)...
Jim (cont'd):
The next caller had
the following
portfolio of
five stocks, on
which Jim
commented,
with his opinion
shown below them...
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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GOOG |
341.64 |
Google, Inc. (GOOG)
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IBM |
85.90 |
IBM (IBM)
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XOM |
72.05 |
Exxon Mobil (XOM)
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KO |
42.37 |
Coca-Cola (KO)
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MCD |
54.29 |
McDonald's
(MCD)
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Caller:
I have been
following you format
and I have pretty
much put five
together that I
think are pretty
good. And they are
Google, IBM, Exxon,
McDonald’s and Coke,
and all with good
dividends except for
Google...
Jim:
That is true…
alright, let’s go
over this…
Coca-Cola, excellent
dividend, and I
thought the quarter
was great, really it
was a great quarter,
people don’t
understand they have
reignited growth
overseas, and even
though it gets
hammered by the
strong dollar, that
was a beautiful
quarter for Coke…
IBM, that is a lot
more upside, we had
my chartist friend
from RealMoney.com,
Dan Fitzpatrick on
the other day, he
says that the chart
is great, I just
know that it is
cheap stock on the
fundamentals… Exxon
Mobil, the most
expensive oil, but
also the most
defensive which you
might want in this
difficult
environment, it
doesn’t have a good
yield, it seems to
hold the $71 level
pretty well…
McDonald’s, boy if
this stock was ever
to break $50, $52 I
would be all over it
buying the heck out
of it, it has got a
good yield, it has
got good management…
and Google, that is
a spec, at this
point it is a spec,
it is up a lot, I
regard Google by the
way as publishing
not tech, because
what it does is it
takes all of the
wealth in publishing
and pirates it, but
I like Eric Schmidt…
so alright what do
we got, we got a
publishing company,
I am not longer
calling it tech… oil
company, tech
company, soda
company, restaurant…
I am blessing that…
I think the man is
playing it right and
he has got some good
yield too.
Verdict:
YES,
Diversified.
The next caller had
the following
portfolio of
five stocks, on
which Jim
commented,
with his opinion
shown below them...
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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JNJ* |
53.96 |
Johnson & Johnson (JNJ*)
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NYX |
17.05 |
NYSE Euronext, Inc. (NYX)
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YHOO |
12.48 |
Yahoo! (YHOO)
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TXT |
5.90 |
Textron Inc.
(TXT)
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LVS |
2.16 |
Las Vegas Sands (LVS)
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Caller:
Am I diversified…
JNJ, NYX, YHOO, TXT,
and LVS?...
Jim:
Alright, now Larry,
you may pass the
test but you may
hear some critical
things about some of
these… first of all
Textron blew out the
yield today, they
cut it pretty big,
let me just get
that, they slashed
the dividend 91%, to
preserve capital, I
do not know about
Textron, I think it
is a for whom the
bell tolls
situation,. it is a
machinery company…
Las Vegas Sands,
very similar, I
don’t think, I think
LVS will have a very
hard time making it…
so you have a casino
company and a
machinery company…
NYX, I am worried
about the yield now,
it is 16%, it has
got a too high of an
accidentally high
yield, Duncan
Neiderauer, CEO, is
trying to do a good
job but there is no
IPO’s and that is
what that trades off
of… JNJ, Warren
Buffett is selling,
Cramer is buying
AAP… Yahoo, Carol
Bartz, lets give her
a chance, lets give
her a chance okay….
so you have a
publishing-tech
company, we got a
casino company, we
got a machinery
company, a drug
company and a
financial… should be
in
Visa Inc. (V)
actually… it is
diversified, it is
just ugly… it is
ugly… sorry.
Verdict:
YES,
Diversified.
The next caller had
the following
portfolio of
five stocks, on
which Jim
commented,
with his opinion
shown below them...
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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AA |
6.47 |
Alcoa, Inc. (AA)
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RIMM |
41.17 |
Research
In Motion (RIMM)
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MSFT |
16.96 |
Microsoft (MSFT)
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GM |
2.55 |
General Motors
(GM)
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DUK |
14.17 |
Duke Energy (DUK)
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Caller:
I've got Alcoa,
Research In Motion,
GM, Duke Energy and
Microsoft.
Am I diversified?...
Jim:
First can I say two
things?… Does anyone
even have college
kids watching TV
other than our show…
second, we had more
downloads last week
on iTunes than we
had in January,
which was a record…
because it is like
young people, they
want to learn… they
want to learn and
they will learn from
this 64 year old…
they don’t mind…
okay, what do we
got… Microsoft is
tech… Research In
Motion is tech… it
is still cell phone
but it is tech… Duke
Energy, I don’t
know, I am really
thinking that Con Ed
is better now, I
didn’t like the fact
that Duke Energy…
there was a really
bad article out
there about their
coal position, and
President Obama
hates coal so much
that I am getting
nervous about Duke…
Alcoa, the most
poorly run minerals
company in the
world, I wish they
had sold themselves
when they had the
chance… and General
Motors, really just
pure speculation at
this point… because
the bond holders
really own it… we
had the fellow from
Pimco on today,
McCall, he has more
likely chance to own
GM than people who
own this common
stock … we have a
motors company, we
have a mineral
company, got a
utility, we got a
tech, we got another
tech… two techs no…
but honestly if I
had to throw… you
know what I would do
if you were allowed,
I would throw all
the deck back and
get all new ones…
wow, tough judgment.
Verdict:
NO,
Not Diversified.
[verbatim recap]
[end of segment]
Read Jim's next Segment
here
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