The Lightning Round:
Wednesday, May 20, 2009

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:

ING

10.89

ING Groep NV (ING)

Jim:   ING? You sure know how to kill a first date here... ING... no, we're a seller of ING... sell, sell, sell!... No. A lot of the European preferreds... the bank preferreds are doing well. I do not think you need to sell it right now, but you have to understand... I do not believe that bank is as good as a lot of the Canadian banks, if you want to get yield... or Banco Bradesco S.A. (BBD), if you want to get a little foreign... I didn't like what the Brazilian government was saying today about interest rates down there... But, if you want a foreign bank, I'm going to send you to Brazil... I'm going to send you to Canada... not going to send you over to Europe.

BBD

14.01

Banco Bradesco S.A. (BBD)

See ING comments above for:
BBD

HK

24.14

Petrohawk Energy Corp. (HK)

Jim:   You know, I have so many great energy companies that I'd rather see you in that I could not send... Look, I could put you right now in BP, alright... BP's got a great yield. I think it's safe... As long as oil is staying around $50, that yield will be safe... it's well above it... Why don't you swap out of yours... sell, sell, sell... and go into mine? BP!

 

Continued below...  

 

Market Results today:

Dow:  - 52

Nasdaq:  - 6

S&P 500:  - 4

See all of tonight's stocks mentioned, on Yahoo! Finance, here...

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Wednesday, May 20, 2009
(Cont'd from above)...

The Lightning Round (cont'd)...
Wednesday, May 20, 2009

Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

BP*

47.78

BP plc (BP*)

See HK comments above for:
BP*

CVH

19.49

Coventry Health Care Inc. (CVH)

Jim:   I'm concerned about managed care. Now, I just want to say that there are some really good people who say it's so oversold, you've got to buy it... Here's the pattern that I've noticed... If President Obama doesn't like an industry like the credit card industry, he's relentless... he is relentless in his viewpoint. I am frightened of anything healthcare... frightened... because he obviously does not like healthcare, including managed healthcare... so I want to stay out of the crosshairs of a very powerful president and a very powerful congress that agrees with him. I want to sell your stock.

MEE

20.85

Massey Energy Co. (MEE)

Jim:   Oh boy, I've got two in a row that I've got to reach the exact same conclusions... Massey Energy is a coal company... I just believe that the President, who doesn't even seem to want to get behind natural gas, is certainly not going to get behind coal. And I can only take China so far as a coal play... I am suggesting that MEE... sell, sell, sell... I want to sell Massey... I want to sell it based on Washington.


 

EGLE

7.21

Eagle Bulk Shipping Inc. (EGLE)

Jim:   I actually think that Diana Shipping (DSX) has a better balance sheet than the one you just brought up. I would suggest swapping out of yours and going into Diana... sell, sell, sell... I think Frontline Ltd. (FRO) has got a better balance sheet, and we have gone round the horn... although it's not dry bulk, it's oil... with Nordic American Tanker (NAT)... with Herbjorn... and, by the way, someone asked me the other day, if you bought the secondary, would you get the dividend, and the answer is... yes!

DSX

16.11

Diana Shipping (DSX)

See EGLE comments above for:
DSX


FRO

22.50

Frontline Ltd. (FRO)

See EGLE comments above for:
FRO

NAT

33.13

Nordic American Tanker (NAT)

See EGLE comments above for:
NAT


NYX

25.59

NYSE Euronext, Inc. (NYX)

Jim:   No, no, no, no... I was discussing it with Stephanie Link, who works with me on ActionAlertsPlus.com and helps me run the charitable trust... and I was struck by the fact that I said, at $19-20, that there was a possibility of major consolidation in the exchanges... that that dividend, which has now been declared for two times is a winner... that Duncan Neiderauer (CEO) is a game changer... There's a guy there who, by the way... who's in charge... of what I think is going to frustrate us with the uptick rule... I didn't like what I heard on Bloomberg... he seems to waver... But Duncan did not waver on our show... My take is that NYX is a buy! It's a buy! Remember, I recommended it all the way up and then all the way down... and then I pulled the trigger at $60, and now I've got bonafides by recommending it in the $20s.

MTZ

12.81

MasTec Inc. (MTZ)

Jim:   Oh... that's an Obama play and I like it. They are going to rebuild infrastructure, utilities... That's one of the things Obama wants to do. Like I said, whatever the man wants to do he seems to get done... I am not betting against Obama, so I am betting with MasTec.


 

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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