Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

STT

42.44

State Street Corp. (STT)

Jim:   Alright...  State Street, I was worried about, and then the government came out with its program...  and now I think STT is a buy!  This company is the leading back-office provider.  I know that they have some problems with some of the money funds they have.  I have to be careful about using the word, "problems" because I think they're safe.  I think it's a great place.  I think they took Fed money.  I like State Street!

COH

19.52

Coach Inc. (COH)

Jim:   You know, Lew Frankfort...  he stood right here.  When the stock was at $27, he said the stock was oversold.  The stock then went to $38.  It was a remarkable call.  He understood that the Japanese inventory wasn't real... the problem wasn't real...  then the stock exploded.  Then we got negative on the high end.  We stayed away... and then the stock just had a very fine quarter... but it's just going to mark time...  Why?  Because nobody wants to own anything having to do with expensive handbags.  I say...  I say (caller was a college student)... you're at Seton Hall (college)... You've got a long time.  You can own this stock now.  You're probably 19-20 (years old)...  I want you to buy Coach.  Lew Frankfort will get that company back to the promised land.  Do not fear.

SGP

14.07

Schering-Plough (SGP)

Jim:   I thought that Fred Hassen (CEO) delivered a remarkable quarter.  I felt that he's going to get that anesthetic drug through the FDA after all.   I think that the Organon (acquisition) synergies are flying right through.  That was a remarkable upside surprise.  But he does have the most international exposure of any drug company, and the dollar's (strength) is going up, so the translations won't be good.  The bottom line is that it's good, but it is not as good as Abbott (ABT*), which is, I think, fantastic to own... ABT*.   I'd make that change. 

[Additional comments about SGP that Jim mentioned at the end of the Lightning Round...]   
Jim:   I also would like Fred Hassen to come back on SGP...  I saw him on another show when he reported, and I've got to tell you something...  I was crying.  It's okay.  I like the drug stocks here.

ABT*

54.56

Abbott Laboratories (ABT*)

See SGP comments above for:
ABT*

PHG

18.80

Philips Electronics NV (PHG)

Jim:   It's got a lot of health care... big systems health care...  That business is real bad right now.   The stock is down a lot.  The dollar's getting stronger.  That should help them.  I've got to tell you...  don't buy, don't buy...  I don't have a catalyst, or else I would recommend the stock.  I do not have a catalyst.

[ End of the Lightning Round segment ]