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The Lightning Round: |
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Wednesday,
February 25, 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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IBM |
85.90 |
IBM (IBM)
Q: As you
know, IBM has held up quite well
in 2009, I just wanted to get
your take on IBM?...
Jim: I am bullish on
IBM… they had a great quarter…
they are buying back stock… I
think people are going to have
to gravitate to some stocks that
do well…. IBM does… now a lot of
people say, hey listen the chart
looks like it is rolling over, I
am relying on Dan Fitzpatrick,
who writes with me on
RealMoney.com,
part of TheStreet.com where I am
Chairman… he likes the chart… I
like the company… I am
recommending it.
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NUE |
36.01 |
Nucor (NUE)
Q: What
is your take on Nucor?...
Jim: NUE we recommended
it at $28, $29.. it is an
accidentally high yielding
stock, it then shot up to the
mid $40’s where we said sell,
sell, sell… when it gets back to
$28, $29 we will pull the
trigger… and Dan DiMicco is
always welcome on this show… and
Dan, cool it with the “60
Minutes”, you are a Mad Money
guy.
Price target to buy:
$28.00 - $29.00
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CSX |
25.38 |
CSX Corp. (CSX)
Q: Let’s
talk about our nations
railroads, our economic
barometer if you will. CSX, I
bought into CSX back in ’04 when
it was climbing out of the
basement, and got out sold
everything in June of last year.
I am looking to do the same
thing again, is this going to go
back into the teens?...
Jim: I have to tell you…
I was doing some communicating
with my friend Bert Dohleman,
who writes an unbelievable, an
unbelievable newsletter… I think
the world of Bert, and Bert was
saying to me Jim, the transports
they are just on life support…
and he was saying listen they
could go lower… CSX, Michael
Ward, good company… but I am not
going against Bert Dohleman on
this… Bert Dohleman says that
one is going lower… I say it is
going lower… that is a referenda
on the US economy… and the US
economy is on life support.
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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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Wednesday,
February 25, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Wednesday,
February 25, 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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PPL |
29.15 |
PPL Corporation (PPL)
Q: What
do you think about PPL?...
Jim: You know what… the
old Pennsylvania Power & Light…
obviously you are paying your
bill to them so why not take a
little share… you know what… PPL
I like… I like… I don’t like it
as much as
Exelon Corp. (EXC)
because Exelon has got good
growth… but PPL, that is a
decent utility… I like
Consolidated Edison Inc.
(ED)
more.
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EXC |
48.69 |
Exelon Corp. (EXC)
See PPL comments above for:
EXC
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ED |
36.84 |
Consolidated Edison Inc.
(ED)
See PPL comments above for:
ED
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FLR |
32.95 |
Fluor Corporation (FLR)
Q: I want to
get your take on Fluor, we just bought
some for our investment group industrial
sector?...
Jim: Tough call…
infrastructure clearly going lower… a
lot of bogs there… but Fluor just
delivered a good quarter… I am going to
have to say… don’t buy, don’t buy… and I
don’t have a buy or a sell on it…
because infrastructure is going down so
much… I would rather see it bounce and
go higher… that group has just had it.
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FWLT* |
14.35 |
Foster Wheeler (FWLT*)
Q: My
question is a two-fer. First one is
Foster-Wheeler it has been taken to the
wood shed and beaten up? The next one is
KBR Inc.?...
Jim: I have got to tell
you KBR just reported… Foster-Wheeler
reported a bad quarter… Mr. Milkovich,
he has stood here many times… that was a
bad quarter… and I own it for
my charitable trust,
ActionAlertsPlus.com,
and it really has crushed me… you know I
just… it is probably selling at around
10 times earnings… down to $13.. I have
got to tell you that KBR is cheaper
because it has got a lot of cash… I was
astounded at all the push backs that
Foster-Wheeler had in what I regard as a
very solid book of business… it is
another infrastructure play…
Foster-Wheeler was just bad… and I am
holding it for my charitable trust
because it is just too low… but I am
blown away how wrong I was about
Foster-Wheeler… how wrong I was… I have
owned it for years… I should have sold
it all… I wrote it down.. that is my
bad… it is a violation of everything I
teach in
Jim Cramer's Real Money… I
blew Foster-Wheeler and I feel awful
about it… sometimes you have to own it
when you blow it, and I blew it.
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KBR |
13.08 |
KBR, Inc. (KBR)
See FWLT* comments above for:
KBR
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[verbatim recap]
[ End of the Lightning Round segment ]
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