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The Lightning Round:
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Monday,
October 20, 2008 |
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...
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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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EXP |
18.27 |
Eagle Materials Inc. (EXP)
No, keep looking. We're not buying any
of the housing material companies.
They're just too darn hard. They can
rally and, as soon as they rally, we're
going to sell them! Sell, sell, sell!...
Why? Because there's still nothing being
done to help the housing market. That's
not going to be for a while. You've got
at least nine months to be able to own
that stock. Why don't we wait until
then, and be able to get a little
closer. As I've been saying to
everyone... look, neither bull nor
bear... I just want to see what the
recession looks like, before we get more
positive, okay...
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ACI |
26.75 |
Arch Coal Inc. (ACI)
Now, suddenly we all like coal... Now
that's because
Peabody Energy Corp. (BTU)
put up great numbers, mostly because of
Australia, but also because the coal
market has not come down nearly as much
as the others. Here's my take... If you
believe that... and I do like ACI...
we've had the CEO on... But, if you
believe that, you should be buying
Joy Global (JOYG),
which is the company trying to buy
almost all of its stock in. I like ACI,
but these stocks - off of BTU - have all
just rallied tremendously. We need a
pullback. It could be quicksand. Let
them come in. Everytime we recommend a
stock, and the stock is up 10 straight
points, what happens? It gives back half
of it! Let's wait!
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JOYG |
28.71 |
Joy Global (JOYG)
See ACI comments above for:
JOYG
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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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Monday,
October 20, 2008
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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|
Monday,
October 20, 2008 |
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
|
MCD* |
56.84 |
McDonald's
(MCD*)
Alright, let me make this point... There
was some chatter going out today that
MCD*'s numbers for October aren't going
to be that strong... and that was out
last week too, and the stock got
hammered. Here's my take... MCD* upped
its dividend, when the stock was at
$62-$63... The dividend is really solid.
When that stock got down to $51-$52, I
wanted to buy it for
my charitable trust... almost
yielding 4 points (i.e., 4%)... MCD* is
best in show, total in control of its
commodity costs... All of the restaurant
businesses are going down. If MCD*
swings back down - because it's up $3
today, so I'm not going to recommend a
stock up $3 - but, if that one comes
back down,
pull the trigger!
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SHW |
57.62 |
Sherwin-Williams Co. (SHW)
SHW is another one of these companies
that, if I feel like, if I recommend it
now... It's like recommending
Black & Decker (BDK*),
which I really like, okay... or
Fortune Brands (FO),
which I really like... or
Masco (MAS),
which I really like... These are all
housing plays. They pay a good dividend.
SHW does not have as good a dividend as
the other places. I just feel like, what
will happen is, you've got dead money at
best and, after we have our next
selloff, which we'll have... you're just
going to have another selloff... these
stocks are going to go lower. Let's wait
(for) SHW... let's wait.
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BDK* |
72.36 |
Black & Decker (BDK*)
See SHW comments above for:
BDK
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FO |
40.26 |
Fortune Brands (FO)
See SHW comments above for:
FO
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MAS |
13.51 |
Masco (MAS)
See SHW comments above for:
MAS
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AAPL |
98.44 |
Apple (AAPL)
Oh, you cut me to the quick... AAPL
reports tomorrow. Now this is one... let
me be really clear about this... I am
not going to stick my neck out, and tell
you that this quarter is going to be
great (for) AAPL. Every single company
that makes gadgets is saying that things
are bad. But I believe that AAPL... AAPL
is really the only one left... I don't
like any tech stocks. I'm not
recommending any on the show. I do
believe that AAPL... if you've got an
18-month timeframe, and can ride out
this recession, depression, whatever...
AAPL will work. But, if anyone
misconstrues that as saying that I like
AAPL as a trade, ahead of the quarter, I
don't. I have said that AAPL is a core
holding, and I will own it through thick
and thin, for people who own tech, and I
will reiterate that. But, if you like
AAPL, buy 50 ahead of the quarter... if
you want to own 100... buy 50, because
this market has made everybody look like
a moron and I don't want to do that for
myself. AAPL... buy half the position
before they report.
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[ End of the Lightning Round ]
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