Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

AXP

23.08

American Express (AXP)

See V comments above for:
AXP

JNJ*

60.15

Johnson & Johnson (JNJ*)

Jim:   There you go!  There's something I can get behind...  I like Foster Wheeler (FWLT*) too, on a price basis...  But JNJ*...  a monster-good quarter.  A really fabulous company, doing everything right.  Obviously, they have some exposure to a strong dollar; it could hurt it.  But I would pull the trigger right now on JNJ*, provided that you do not need the money tomorrow.  It's a stock.  And, in the end, stocks are going lower as an asset class.  But JNJ* is about as good a stock as you're going to find in this horrible market.

MET

26.18

MetLife (MET)

Jim:   I am not recommending any of the insurers that had to do secondaries of stock, whether that be MET or whether that be Lincoln National Corp. (LNC).  I do not want to be in any company that needed to raise cash in a horrible environment.  CNA Financial Corporation (CNA) today... the Tisch family runs Loews Corp. (L) and CNA had a problem today.  The Tisch's are the smartest investor minds in this country, bar none... including WB... and that stock, CNA, was down $5.76.  I wrote a piece today... saying, when the market was up, what are people thinking?  How can you possibly be buying stocks in that group, if the Tisch's can't get it right.  I say no to MET.

LNC

18.77

Lincoln National Corp. (LNC)

See MET comments above for:
LNC

CNA

11.90

CNA Financial Corporation (CNA)

See MET comments above for:
CNA

PEG

26.89

Public Service Enterprise Group Inc. (PEG)

Jim:   I don't want you to touch it... unless that is your whole net worth.  That is a great company.  It yields almost 5%.  Utilities are good here.  I do believe that that company is safe.  I say don't get rid of it.  In this environment, there's very little you can trust, but you can trust the utilities... although some of them are even seeing some dislocation, but I still think that they are about as safe as you're going to get.  I like Consolidated Edison Inc. (ED) and I like Duke Energy (DUK)...

ED

39.78

Consolidated Edison Inc. (ED)

See PEG comments above for:
ED

DUK

15.12

Duke Energy (DUK)

See PEG comments above for:
DUK

FCX*

23.75

Freeport-McMoRan (FCX*)

Jim:   I own this for my charitable trust... for the exact same reason you just described, which is that, ultimately, it will be inflationary...  Right now, we're still in a deflationary environment.  The fact that the European central banks won't cut, and China won't cut, continues the pressure on deflation.  They're so afraid of Buymar (?) and wheel barrels of Marks...  What are they, crazy?  We have a major deflationary trend.  Now, here's the negative... This Saturday, I gave a speech... and five guys asked me about Freeport...  Then I was getting my World Series tickets to go with my Pop...  and a guy calls me about Freeport... everyone wants to know Freeport, because they want to know if the yield's safe.  I am afraid that Freeport is developing into a...  has got a little bit of a Alcatel-Lucent (ALU) feel...  meaning everybody's in it and it's a crowded long (i.e., many shareholders in ALU, holding it on a long-term basis).  I still like it, but let's be careful because the thesis right now is on hold.  We are in a deflationary spiral, not an inflationary spiral.  Someone ought to wake up China, and wake up the ECB (European Central Bank), and wake up every single central bank to start cutting and cutting fast!

WX

7.01

WuXi PharmaTech Inc. (WX)

Jim:   Okay, this is a very speculative stock.  I could see it as your speculative pick in this market.  I've been looking at some other ones too.  I looked at some stocks that are in real estate in China, just totally out of favor, because China's down so much.  But understand, it is a speculative stock and I am not going to recommend it on my show... don't buy, don't buy...  it is too speculative.

MVL

28.60

Marvel Entertainment, Inc. (MVL)

Jim:   I feel like you should ring the register there...  Sell, sell, sell...  It's one of the few stocks that are still up... 

WFR

16.66

MEMC Electronic Materials (WFR)

Jim:   No, no, no...  We don't like solar!  We don't like WFR...   We recommended selling this stock at least... I don't want to cuff it... but I believe as many as 40 points ago... and we remain negative on this stock...  Sell, sell, sell!...  We do not want you there... don't buy, don't buy...

[ End of the Lightning Round segment ]