Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

UPL

40.51

Ultra Petroleum (UPL)

See CLR comments above for:
UPL

CSC

31.36

Computer Sciences Corp. (CSC)

Look, I've got to tell you...  This was a company that, at one point, was going to be bought... and it made a lot of sense to me... systems integration.  It passed up the chance.  And now I want nothing to do with it.  Sell, sell, sell!  I think it can go lower.  There are really no fundamentals aboard for the stock, as much as I like the company.

NLY

11.80

Annaly Capital Management (NLY)

I think that that's a business model that needs to borrow a lot of money in order to be able to invest at different in the yield curve.  I did like it for a long time, and then I did a total self-immolation on it, recommending it from $15 to $20, and then having it go right back to $15 in my face.  It was bad.  I felt like I knew nothing... I felt like I was (Federal Reserve chairman, Ben) Bernanke.  But I'm not going back there again.  I say, definitively, do not buy NLY.  Don't buy, don't buy...

SLB

54.40

Schlumberger (SLB)

Schlumberger, down 12 points...  It's like the company doesn't exist, and these are great American companies.  But there are many forced sellers.

EBAY

15.33

eBay Inc. (EBAY)

EBAY, down at $14, sold to you...

NOC

42.30

Northrop Grumman (NOC)

Alright, this has got the worst combination of a government that seems to be running out of money, because it's too busy giving it to Citigroup... and a guy who's coming in for President that people don't trust to do well for the military, Obama.  I don't know if Obama's going to win or lose, but I do know that you can't own the defense stocks right now.  And, if I had to own one, I've got to tell you... this Lockheed Martin (LMT), down $8, with a good dividend, is probably the better play.  And, remember, you can't touch Boeing (BA), or anything to do with BA, until that strike is settled.  Mr. President, please invoke Taft-Hartley.  Taft-Hartley is a law about labor... Maybe you Google it, or do a Wikipedia thing...   

LMT

87.47

Lockheed Martin (LMT)

See NOC comments above for:
LMT

BA

42.33

Boeing (BA)

See NOC comments above for:
BA

AYE

27.21

Allegheny Energy Inc. (AYE)

No, no...  We need that utility to yield more.  We've got high-yielding utilities.  I've got Duke Energy (DUK), at 6%.  And DUK is good money.  DUK is the way to go.  Pull the trigger on that one.

DUK

14.81

Duke Energy (DUK)

See DUK comments above for:
DUK

MMM

54.68

3M Co. (MMM)

Alright, now here's a company...  Now, you've got to understand...  I follow millions of stocks...  I actually follow about 2000 stocks...  but, in the last half hour today, it was so bad, that a whole (group of) stocks changed what I thought... MMM went out (i.e., its closing stock price at 4pm) at $54.  It yields 3.6%.  The moment this stock starts yielding 5%, I'm going to recommend it.  And, at the velocity... the velocity... of its decline, we're going to get there.  So keep your powder dry.

Dividend yield target to buy:   5.0% or higher.  Watch the dividend yield percentage, where Jim will recommend it.

NS

37.33

NuStar Energy L.P. (NS)

Alright, that one actually has some exposure... they actually operate crude oil and refined-product pipelines.  I'm not sure I want to have anything to do with crude.  I like the natural gas transmission ones.  So let's make the move back to... you know, the one you want to be in is Kinder Morgan Energy Partners (KMP)...  I can't emphasize that enough.  KMP is my go-to name.  Secondarily, Enterprise Products Partners LP (EPD).  I think both of those are buys.

KMP

47.12

Kinder Morgan Energy Partners (KMP)

See NS comments above for:
KMP

EPD

22.01

Enterprise Products Partners LP (EPD)

See NS comments above for:
EPD

WYE

30.54

Wyeth Pharmaceuticals (WYE)

Holy cow, they have just killed that...  You know, I've got to tell you...  It's down 10% today, but it still only yields 3% and change.  We are not going to recommend a drug company in that area - big pharma - unless it yields about 5%.  That's the only way to do it.

[ End of the Lightning Round ]

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