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The Lightning Round: |
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Thursday,
June 18, 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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JNJ |
55.79 |
Johnson & Johnson (JNJ)
Jim: This is a stock
that I have liked… I said that it was
wrong to sell in the low $50’s… I
reiterate in this defensive market that
JNJ is strictly a buy, buy, buy…
particularly with the weak dollar… that
is a winner… you stick with them.
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GVA |
33.66 |
Granite Construction Inc.
(GVA)
Jim: We recommended
sell GVA… we felt that, we did feel that
the stimulus would be overblown… and
that that company had too much risk… we
are going to continue to sell… as a
matter of fact, I think that the
California’s budget situation make it
so.. and I do not normally recommend
this, but I was talking to my friend
Jerry Pink, who works here, and is now
running the shop… and I was saying that
I am very concerned about California
municipals… I do not talk about
municipal bonds on the show… I happen to
be an owner of municipals…I am worried
about California municipals… I have
never been worried about municipal, that
is a government obligation backed
municipal… so if I am worried about
California municipals, than I must be
worried about Granite… it really is that
simple.
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LLL |
72.09 |
L-3 Communications Holdings
Inc. (LLL)
Jim: I think that you
are in a good defense mode there, it is
a defensive stock… now, let me just say
this… I like the yielders more in that
sense… I would prefer
Lockheed Martin (LMT)
or
Northrop Grumman (NOC),
which is really out of favor… but I do
think that you have a winning company…
again though, I do prefer the other
defense contractors.
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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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Jim's Charitable
Trust Alert -
Just happened:
* Just
BOUGHT new stock: Inverness
Medical
- IMA!
& just sold both BHP & 3M *
see
all
Jim's
latest
holdings here> |
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Thursday,
June 18, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Thursday,
June 18, 2009 |
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
|
LMT |
83.49 |
Lockheed Martin (LMT)
See LLL comments above for:
LMT
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NOC |
47.37 |
Northrop Grumman (NOC)
See LLL comments above for:
NOC
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THC |
2.96 |
Tenet Healthcare
(THC)
Jim: Tenet Health is
just okay… Tenet Health is a very
difficult stock to own… because the
balance sheet is not that good… we are
not sure what the healthcare reform is
going to look like… it has been bouncing
between $3 and $4... and $2 and $4... I
say do not buy… I checked in with my
friend Cheryl Scolnick who told me to
buy it when it was at $2, it was for CRT
Capital… no longer has conviction, I do
not have conviction.
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PNC |
39.53 |
PNC Financial Services Group
Inc. (PNC)
Jim: That stock has
come down too much… I want to own some
PNC… they have been great, they have a
better balance sheet… people are giving
up on the earnings quality… I think that
is a mistake… I like the bank group as
it comes down.. I think that PNC is a
winner… the old Pittsburgh Nat.
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ELN |
7.41 |
Elan Corp. plc (ELN)
Jim: No, too dicey my
friend… too dicey… I mean I have got
some really high quality bio tech stocks
that are still knocked down to levels
that they should not be at… we know what
we are talking about, you know like a
Genzyme Corp. (GENZ)…
like the other day I saw that the Celgene Corporation (CELG)
was starting to move up again… I cannot
bless that when I have got those high
quality players that are still very,
very close to their 52 week low.
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GENZ |
55.24 |
Genzyme Corp. (GENZ)
See ELN comments above for:
GENZ
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CELG |
46.21 |
Celgene Corporation (CELG)
See ELN comments above for:
CELG
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ARUN |
7.17 |
Aruba Networks, Inc. (ARUN)
Jim: You have cut me
to the quick on this… you know what, I
am not up to date on this… I always hate
to end the Lightning Round on one that I
am not up to date on… but it is wireless
internet… in light of the shortfall from
Research
In Motion (RIMM),
everybody is going to stay that this
group is finished… I want to know about
Aruba before I recommend going there,
buying the stock… or let me just say,
that after Research In Motion, we all
have to redouble our efforts to know
whether Aruba is connected with RIMM…
otherwise, I promise to get back to you
next week on Aruba… because RIMM is down
4%.
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[verbatim recap]
[ End of the Lightning Round segment ]
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