Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

JPM*

34.82

JPMorgan (JPM*)

See C comments above for:
JPM*

CVX*

65.75

Chevron Corp. (CVX*)

Jim:   Well, Chevron had a real... they did not deliver the quarter that I wanted. They did not raise the dividend like I wanted. They are finding a lot of oil, but it was a disappointing quarter. So what did I do? I said I was going to buy more for my charitable trust... Why?... Because I like to buy the oils when they disappoint because, in the end, if they're finding more oil - which Chevron is - and they get their costs down - which Chevron's doing - you will find a great quarter buried within a very cheap stock... So I say buy, buy, buy CVX...

CREE

28.10

Cree (CREE)

Jim:   Everyone likes this liquid crystal... lighting... you know, lighting diode stocks... CREE is the #1... I have not been a believer in CREE. That makes me wrong. CREE has gone up and defied my expectations. I liked GLW more, because I like the glass business... I've been wrong on CREE, and I don't feel like I have any standing to comment on it... I basically have missed the move...

FRO

23.60

Frontline Ltd. (FRO)
(Caller asked, should I sell it?...)

Jim:   No, no, no... You want to be a buyer of Frontline. You do not want to be a seller of Frontline. You want to be a buyer of Frontline. I think we're absolutely fine. It's putting the money in to be able to retain its balance sheet. By the way, Nordic American Tanker (NAT) reported a dynamite number today. Its stock was up $1 at one point. I still believe in it. I like Frontline, and I really, really like NAT.

NAT

36.39

Nordic American Tanker (NAT)

See FRO comments above for:
NAT

CMI

34.00

Cummins Inc. (CMI)

Jim:   Well, you know, Cummins has got this truck engine problem. It's just too linked to the part of the economy that has not rebounded yet. We know it's a great company. We featured it a long, long time ago, when we went to Indiana... I've got to tell you, it's still too early in what's known as "the turn in the cycle"... to recommend CMI. I can't do it, as much as I'd like to. Boy, I've got to tell you something, it's a great company, but I don't see any earnings momentum. I still see them pulling back, and they have Chrysler exposure too.

ICLR

15.25

ICON plc (ICLR)

Jim:   Yeah, that's the company that does the medical testing... You know what?... I am not a believer in that business. I've lost too much being in this clinical research business. I am not going to recommend that stock. I cannot recommend it.

HMA

5.01

Health Management Associates Inc. (HMA)

Jim:   No, no, no... That hospital care business... No, we don't want to be in that business. That business... that stock has had a nice run, and I've got to tell you... I am worried about it. I'm not worried about many groups, but acute care hospitals? No. Not in this particular regime that we've got right now with the President. I don't want to go there.

HOTT

12.26

Hot Topic Inc. (HOTT)

Jim:   No... You know what?... That apparel group... that youth apparel group... that stock has had a very big run. I would ring the register. I would also ring the register on Aeropostale Inc. (ARO)... Yes, Aeropostale... and I would also ring the register on American Eagle Outfitters Inc. (AEO). I think those stocks have all run too much. I think they can come back down. I don't want to buy them. I sense danger... That's right, I sense that they've gotten too expensive. Let's be careful out there. Let's not think that it goes up every day. I didn't like the action today. Let's ring the register on some of these retailers... sell, sell, sell! We will not regret it.

ARO

37.22

Aeropostale Inc. (ARO)

See HOTT comments above for:
ARO

AEO

15.50

American Eagle Outfitters Inc. (AEO)

See HOTT comments above for:
AEO

[verbatim recap]

[ End of the Lightning Round segment ]