Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

CELG*

39.86

Celgene Corporation (CELG*)

Jim:   Okay, now lets understand each other… this group is what my late mom would say from hunger, no matter what they do, everybody hates them… Celgene did report a disappointing quarter… people did not like it… I still see tremendous growth there… so I loaded the boat up when it went down for ActionAlertsPlus.com, which you could follow along… I sent repeated emails saying that, right where you bought it, that it was okay to buy… it will mark time until the next quarter… but I am a bull down here on Celgene, what is it down 50%… where did that stock come from…. it was at $77 and it is at $39... that is too cheap, even though it is out of favor.

TSM

9.07

Taiwan Semiconductor (TSM)

Jim:   It should be doing better frankly, it had a great quarter… I want you to hold onto it, may I also add that Skyworks Solutions Inc. (SWKS) should not have been down today… that is another one whose quarter I went thru and liked… somebody downgraded it, that was a mistake, down 9%, I want to be a buyer.

SWKS

8.48

Skyworks Solutions Inc. (SWKS)

See TSM comments above for:
SWKS

EBS

10.26

Emergent BioSolutions (EBS)

Jim:   Pure spec… pure spec bio, and I have got to tell you that I have got enough of the spec bios going with the Celgenes.. I cannot go there for you.

ODP

2.44

Office Depot, Inc. (ODP)

Jim:   You know what, I see this group moving… OfficeMax Inc. (OMX) is moving… Office Depot is moving… they all have beautiful charts… they all seem to be going up… I still like best of breed, Staples Inc. (SPLS), I am not going away from my best of breed… but the speculative people that want to do Office Max and Office Depot… I will bless that because retail is so strong.

OMX

6.22

OfficeMax Inc. (OMX)

See ODP comments above for:
OMX

SPLS

21.91

Staples Inc. (SPLS)

See ODP comments above for:
SPLS

MOS

40.96

Mosaic (MOS)

Jim:   Mosaic is not my favorite… you know I like yield, I like Terra Nitrogen Company, L.P. (TNH)… even though they cut that distribution… TNH is the better play than Mosaic.

TNH

128.00

Terra Nitrogen Company, L.P. (TNH)

See MOS comments above for:
TNH

GD

49.18

General Dynamics (GD)

Jim:   The stock is still a buy here… I bumped into a couple of the General Dynamics people, I was waiting for the plane to go out to Columbus from LaGuardia the other day… and I have to tell you, we had a nice sit down… and I had to tell them, listen gentlemen you have not seen nothing yet… I think your company could be really strong here… Lockheed Martin (LMT), good quarter too… Raytheon Co. (RTN) unbelievable quarter… don’t forget L-3 Communications Holdings Inc. (LLL) great quarter… I think that General Dynamics is terrific with a great back log… and I am a buyer right here… pull the trigger, General Dynamics.

[verbatim recap]

[ End of the Lightning Round segment ]