Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

MS*

25.35

Morgan Stanley (MS*)

Jim:   They are about to report… now we got a lot of negativity in the stories today, they talked about the mortgage portfolio… I have been selling the stock for ActionAlertsPlus.com, my charitable trust, I have been ringing the register… I do not think now that all of the negatives are in, they were going to be in that much trouble… but it is not going to be anything really exciting… I think it is 2 up, 2 down… I bless you moving to other bank stocks if you want to… because I have been a seller…

By the way, while we are on the subject of bank stocks, the UltraShort Financials ProShares (SKF) that I railed against and told you to get out of… how did that do today… down 23 points… 23 points… on a basis of 87... it was down 23... is that a miserable, awful stock… stay away from the SKF… it just doesn’t work, even when the banks are bad, it just kills you.

SKF

64.88

UltraShort Financials ProShares (SKF)

See Jim's MS comments above for:
SKF

SJM

38.81

J. M. Smucker Company (SJM)

Jim:   It has come thru the peanut butter scare perfectly… here is the problem… it is too defensive for me… I cannot recommend another defense stock… when I say defense, I don’t mean military.. I mean a company that actually does well in a slow down… the slow down stocks that I own in ActionAlertsPlus.com, my charitable trust, have been really great and have allowed me to dramatically out perform the market until this week… because the economy is getting stronger… I don’t want to add to the list of defensive stocks that I think could end up hurting you.

WTI

7.69

W&T Offshore Inc. (WTI)

Jim:   Worrisome, worrisome… it is just a small natural gas play, doesn’t have a yield… I cannot get behind that… I like oil and gas… a lot of them are going to have really bad quarters… I worry about that one… I am going to tell you not to buy it.

CHD

53.53

Church & Dwight Co. Inc. (CHD)

Jim:   Alright, now Church is like the previous stock, it is like Smucker (SJM)… it is a company that is too defensive for this environment… that I like very much… if you feel like we are going to slip back into a depression or a sever recession, Church & Dwight will do well… if not, it is going to languish you… like Chattem Inc. (CHTT) is languishing, like Kellogg Co. (K) is languishing, like Smucker is languishing… so I cannot pull the trigger… even though the company is great… because it is wrong for this coming out of the depression environment and I don’t want you to miss the opportunity… where you can get it in a retailer, in a steel company, you could get it in a restaurant company, in a mineral company… so we are going to say, not for now.

[verbatim recap]

[ End of the Lightning Round segment ]