Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

DEI

8.35

Douglas Emmett Inc (DEI)

Jim:   No, commercial real estate is not my thing, especially in California… look I like this market, I think the market is going higher… but not every single sector is going to continue… and I do not like DEI.

MON

87.64

Monsanto (MON)

Jim:   Monsanto... it has just been up so much, it is on such a tear, it is a shame… because I have got to tell you I think it is the best of the group of the farm group… except for the one that I have been all in on, and I sure hope you bought… and that is Terra Nitrogen Company, L.P. (TNH)… which has that great dividend and remains my favorite… lets rank them… TNH, then Monsanto, then Agrium (AGU), then Mosaic (MOS), then Potash (POT)… Potash having just spiked… people think that it is going to make an acquisition or be acquired… I do not think that is true.

TNH

141.78

Terra Nitrogen Company, L.P. (TNH)

See MON comments above for:
TNH

AGU

39.90

Agrium (AGU)

See MON comments above for:
AGU

MOS

48.20

Mosaic (MOS)

See MON comments above for:
MOS

POT

89.30

Potash (POT)

See MON comments above for:
POT

MHK

33.91

Mohawk Industries Inc. (MHK)

Jim:   MHK, which is Mohawk reminds me of Whirlpool… one of the things that has happened, and believe me I have been thinking about this everyday… I said that there would be 97 more days until the housing bottom… but you know what, I think that I am going to be late… this is one of the craziest calls that I have ever made… and everyone just told me that I am a complete moron… it is a national crisis, but it bottoms regionally… but Mohawk up 4... we saw the same thing with Whirlpool Corp. (WHR)… these are the best buy, these are all functions of the fact that housing is coming back… tremendous, tremendous interview today with Tony Crenszy about housing… I think housing is going higher… and I think that Mohawk goes higher… even though I don’t want to buy here.

SOHU

42.40

Sohu.com Inc. (SOHU)

Jim:   Chinese, no… I love the Chinese as communist capitalist but I don’t like the fact that they are not pro-internet… I think that one is dicey… I would rather own Google, Inc. (GOOG).

GOOG

353.29

Google, Inc. (GOOG)

See SOHU comments above for:
GOOG

FWLT*

19.28

Foster Wheeler (FWLT*)

Jim:   Alright, I will be very candid… Foster Wheeler I did a little schnitzel today I sold some for my charitable trust… where I play with an open hand ActionAlertsPlus.com... Why did I do that?… I am up nicely from the bottom but I just feel like the position is too big after that quarter.. so I took a little off the table… but I still have a substantial position because oil is going higher and it is levered to oil.

MET

25.20

MetLife (MET)

Jim:   Let me go for the pecking order there… I like Travelers (TRV) first because there is prop cash… Chubb (CB) second, prop cash… and then I would like Metlife, which is a very good company that I thinks bottoms… I was also doing a lot of work on Aflac, because it looks like a lot of the strange securities that are invested in Europe are good… so we got Travelers, then we got Chubb, then we got Metlife, then we got AFLAC Inc. (AFL)… and I will because at this stage of the rally, recommend that it is okay to buy Metlife.

TRV

40.06

Travelers (TRV)

See MET comments above for:
TRV

CB

41.79

Chubb (CB)

See MET comments above for:
CB

AFL

20.72

AFLAC Inc. (AFL)

See MET comments above for:
AFL

CAT

30.78

Caterpillar Inc. (CAT)

Jim:   I am mad at myself Caterpillar… when the stock got down to $23, $24 did I pull the trigger and buy some for charity… no… I owned some at $30... and I let it go down, and I have to tell you something that I was so worried about the dividend being cancelled that I just screwed it up… I think that it is still not too late to buy… but you know it was $27 yesterday, so let’s wait for a pull back and then we will pull the trigger.
 

VZ

30.54

Verizon (VZ)

Jim:   People regard it as too cautious and safe… they believe that when the economy is really coming out of a recession that you sell Verizon… those people are being short sighted… Ivan Siedenberg’s phios is taking the world by storm… I would use the flat lining in Verizon to pick some up… just like I recommended some other stocks like Johnson & Johnson (JNJ*) and Procter & Gamble (PG*) this week… I know that they are out of favor right now… I care about buying what is out of favor so I can sell it when it is in favor… and right now Verizon is out of favor for a few weeks… and I want to buy, buy, buy Verizon.

JNJ*

52.90

Johnson & Johnson (JNJ*)

See VZ comments above for:
JNJ*

PG*

48.76

Procter & Gamble (PG*)

See VZ comments above for:
PG*

STJ

37.68

St. Jude Medical Inc. (STJ)

Jim:   St. Jude has been under attack from the fact that Obama is trying to reform healthcare… but you know what… it is such a strong stock that it is going it up anyway… and I endorse St. Jude… and I would pull the trigger right here… multiple times.

TCK

6.26

Teck Cominco Limited (TCK)

Jim:   We had a call out on that the other day… that is a Teck Cominco… we had a call on that at $4.50, and we said that it was a great spec… you know what, it is at $6... so I have to be careful, just added a quick 33%… but you know what, I would still buy it up to $8.

Yeah, we got a lot of stocks that we like… because the market is better and the economy is better...

[verbatim recap]

[ End of the Lightning Round segment ]