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The Lightning Round: |
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Thursday,
May 7, 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...
Now it is time
for the
Lightning Round…
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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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ABT* |
44.62 |
Abbott Laboratories (ABT*)
Jim: I am a long
suffering shareholder, I own Abbott for
ActionAlertsPlus.com, my
charitable trust… I am
going to go back to one of my rules that
I learned at my hedge fund… and the rule
was that when you have a stock that is
stuck in the mud and it breaks out the
first day, do not give up… that is the
beginning… we saw the beginning of the
move in Abbott today, today was the
first day that I genuinely can tell you
that Abbott is on a roll… the quarter
was great, the dividend has never been
this good… buy, buy, buy ABT… do not
take profits after one day when you are
down 10... I which that I could have
bought more for
ActionAlertsPlus.com, my
charitable trust, but
I just got frozen by that call… I would
have bought some tomorrow… Abbott Labs
is still on the move.
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TEF |
58.73 |
Telefonica SA (TEF)
Jim: I think you have
done
your homework, I think you are
right… Spain has 17% unemployment... I
do not want to be linked with Spain… no
how, no way… now, by the way, there was
a major sell off in the telcos… I felt
bad both for Randall Stephenson and Ivan
Seidenberg, but here we got
Verizon
(VZ)
with a 6% yield roughly similar to TEF…
and we got
AT&T (T)
acting like it is just a red headed
stepchild, it is yielding 6.4%… I would
much rather see you in those… we have
much better unemployment in this country
than Spain and let me just be honest
with you… Spain is in a serious
depression… we do not want to own a
phone company going into a depression…
we want to own a phone company going out
of a depression… AT&T.
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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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Thursday,
May 7, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Thursday,
May 7, 2009 |
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
|
T |
25.45 |
AT&T (T)
See TEF comments above for:
T
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VZ |
29.86 |
Verizon
(VZ)
See TEF comments above for:
VZ
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GILD* |
45.43 |
Gilead Sciences Inc.
(GILD*)
Jim: Finally, Gilead
starts… step by step, inch by inch,
Gilead is going down… but that is done..
I feel today was a watershed day for
biotech after
Genzyme Corp. (GENZ)
reported that great quarter… it looks
like Obama is not going to come down as
hard on pharma, I felt that was from
Secondary Cebalus… no connection to the
composer… and I do genuinely believe
that Gilead day one and how strongly do
I feel… I pulled the trigger today for
ActionAlertsPlus.com, my
charitable trust, and
I bought some Gilead, and I am darn
proud of it.
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GENZ |
58.85 |
Genzyme Corp. (GENZ)
See GILD* comments above for:
GENZ
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See all of this
week's Lightning
Round picks
in one place at:
www.madmoneylightninground.com
[verbatim recap]
[ End of the Lightning Round segment ]
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