Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

AA

11.23

Alcoa, Inc. (AA)

Jim:   You know, I didn't like the quarter. That's another one, where I listened to that conference call, and I said, don't buy, don't buy... They have good cash flow, and no momentum. I would much rather see you in a stock like a Nucor (NUE*), which is another cyclical company that is really down on its luck. We had Dan DiMicco on Thursday. It's got a better yield, and I think it has more upside potential.

NUE*

40.11

Nucor (NUE*)

See AA comments above for:
NUE*

ATHR

28.71

Atheros Communications Inc. (ATHR)

Jim:   [audio inaudible, broken up] conference call and, I've got to tell you, that was nothing to write home about. They didn't say anything robust. Texas Instruments (TXN) was very similar, except all the problems with Texas Instruments were NOK. I prefer Texas Instruments to Atheros. I prefer Broadcom Corp. (BRCM) to Atheros and, again, I'm going to send you to Skyworks Solutions Inc. (SWKS). Why reinvent the wheel? If we want communications, and we want hardware or software, I am still going to send you to Skyworks.

TXN

25.66

Texas Instruments (TXN)

See ATHR comments above for:
TXN

BRCM

38.21

Broadcom Corp. (BRCM)

See ATHR comments above for:
BRCM

SWKS

19.13

Skyworks Solutions Inc. (SWKS)

See ATHR comments above for:
SWKS

SHLD

70.24

Sears Holdings (SHLD)

Jim:   I would tell you that Sears... it sells into what people think are the first-time homebuyers. And so, when that first-time homebuyer credit expired, people didn't want to own Sears. You know what, I'm going to stick my neck right here and say, you know what? Buy, buy, buy! The stock's down too much. I think Eddie Lampert (CEO) in the $60s and change, is probably buying a lot of stock. He's got huge cash flow. It is true that retail is lagging. But, in the $60s, I don't know... what are you going to have? 5% downside, 20% upside? I say that cuts in favor of... all aboard!

CME

283.67

CME Group, Inc. (CME)

Jim:   Yeah, a lot of people got in ahead of that (i.e., FinReg passing), thinking that this was going to be the greatest thing in the world, since FinReg... and they also like ICE... I would not step away from this. I think this company's going to have a great 2011. I would actually pull the trigger here. And, I've got to tell you... this is actually part and parcel with the bear market in financials. This company is going to have a good year next year. I don't care that there's a lot more competition. I think that they are a dominant player and I want to own them.

BIDU

80.37

Baidu.com (BIDU)

Jim:   I still am on board. I've been on board for a while. Let's ride this thing to $90, and then we're going to ring the register at $90, because it depends. If Google, Inc. (GOOG) stops going up at all... I mean, Google's been completely flatlining here. If Google starts going down here to $400, we're going to reevaluate. But, right now, Baidu has got that great Chinese growth path, and we're not abandoning it.

Price target for BIDU: $90.00

CELG

54.49

Celgene Corporation (CELG)

Jim:   Well, they do (have good expectations about their ABLL acquistion caller mentioned), and emember, Bob Hugin (CEO) is a neighbor of mine, and a terrific guy. And Summit is saying that that combination is going to work, so I have to believe that it will work. Now here's the problem... Right now, all the biotech stocks are on just kind of a major roll. Genzyme obviously started all that with the Sanofi talk. Biogen Idec Inc. (BIIB), up a lot... Celgene, up a lot. Celgene is not a takeover target like Genzyme Corp. (GENZ). I think you can literally... sell, sell, sell... scab some and buy it back lower. I'm not saying that Celgene is a Gilead (GILD), it's not going to be that. But when you see Cephalon Inc. (CEPH), Genzyme, Biogen Idec and Celgene all up, what it says to me is that is ETF activity pushing them all up. I want to ring the register and buy some Celgene lower. And I like the company very much. I'd still stick with it, but I'd take a little off the top...

[verbatim recap]

[ End of the Lightning Round segment ]

Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

BA

67.32

Boeing (BA)

Jim:   The stock ran up four points ahead of the quarter, which then freaked everybody out. So then they came out with what I thought were beautiful gross margins... the charitable trust, ActionAlertsPlus.com owns it... I was so tempted to pull the trigger and buy more. But, you know what? Let these guys... these clowns I used to call them when I was less diplomatic... and we're going to let them do is clear out of the way, and we're be able to buy the stock at $65-66 and put it away for a multiple... maybe as long as a seven-year move... because of all the big airline cycles, and the new ones, have lasted seven years. This one, my friend, is... hallelujah! I like it.

Price target to buy Boeing:  $65.00 - $66.00

SKX

35.21

Skechers USA Inc. (SKX)

Jim:   I happened to be donning them (i.e., "Shape-Ups" shoes) when I was in Quahog, because I'm a Hampton (guy)... Alright, they reported after the close and it was monster. It was a beautiful quarter. The stock's trading up in after-hours and, you know what? Let's hold onto it because Skechers is part of the shoe bull market. Like Jones Apparel (JNY)... what a number that was today!..

JNY

17.00

Jones Apparel (JNY)

See SKX comments above for:
JNY

RRC

38.20

Range Resources Corp. (RRC)

Jim:   Talk about a tortured situation that I think's going to start doing better, when natural gas becomes the fuel. But, right now, I say this in defense of Range... It's got the... it's up 1000%. We know, we got the numbers the other day when we had Mr. Pinkerton on. The stock has come down a lot. I think it's overdone. I like the stock, but remember, natural gas is stuck below $5. No one wants to own the stocks. We are going to have to export the stuff. If you want to own a natural gas play, you can own Devon Energy (DVN) for the balance sheet, or you can own the Chesapeake Energy - Preferred (CHK-PD). Aubrey McClennan has got a piece of paper that allows you to participate in the above-$40s in the Chesapeake, and pay you more than 5% (dividend yield). That's my way to go.

DVN

62.65

Devon Energy (DVN)

See RRC comments above for:
DVN

CHK-PD

80.75

Chesapeake Energy - Preferred (CHK-PD)

See RRC comments above for:
CHK-PD

ONNN

7.05

ON Semiconductor Corp. (ONNN)

Jim:   Look, this is a see saw... It's a semiconductor that's part of the internet tsunami. Remember, ADC Telecom got taken out (i.e., acquired). Here's what's happened. Right now, semiconductors are in a bear market. I did a whole big piece yesterday about, if it's not in Apple, it's no good. I urge you to hold on. The market's over-reacting to the downside. Those stocks will come roaring back in the fall. I repeat... NVidia Corporation (NVDA)... We got the bad news today, which I said for the 1st half. I think the 2nd half is brighter. Good numbers from Citrix Systems (CTXS). I'm not quitting with tech. But everybody else seems to be.

NVDA

10.13

NVidia Corporation (NVDA)

See ONNN comments above for:
NVDA

CTXS

47.33

Citrix Systems (CTXS)

See ONNN comments above for:
CTX

MFE

31.12

McAfee, Inc. (MFE)

Jim:   No! Listen, I've got enough problems defending the semiconductors. I'm not going to go across the board, whole hog tech. I don't like the security tech stocks. They are not my cup of tea. What do I like? I like parts that go into smartphones! That's the area I excel in. That's where we've made the big money. That's where we continue to make the big money.

Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

CIEN

13.10

CIENA Corp. (CIEN)

Jim:   Yes! Everybody hates it. We're going to bring that CEO on. It's got a multi-year story. It's all about the voice network going to the... the terrestrial thing going to the cellular... you could call it the bandwidth explosion. Ciena's fine! It doesn't go down on the bad days, it'll go up on the good days.

TEVA

47.17

Teva Pharmaceutical Industries Ltd. (TEVA)

Jim:   Everyday... this is the worst-acting stock that I've ever seen, and it didn't destroy wildlife in the Louisiana/Gulf of Mexico area. Now, here's what I think... I think that Teva is... I saw it, told people... I sent an email out last night (from) ActionAlertsPlus.com... I think it's wildly overdone. It's had $6 billion in market cap lost off of a drug that's going to do $2 billion in 2014. So I'm going to tell you Teva's a buy, and tomorrow, I'm going to have to take my pants down and shoot myself because I said it. But you know what? I'll take my pants down, and I'll shoot myself.

C

4.12

Citigroup (C)

Jim:   Yes! Yeah, Tim Geithner (Treasury Secretary) is a seller... I'm a buyer! Treasury's been unloading stock... and the stock doesn't go down. What does that tell you? And Vikram Pandit... I think is doing a dynamite job.

MSFT

26.03

Microsoft (MSFT)

Jim:   Jeez, neither here nor there. I mean, Microsoft is Sherwin-Williams. That means it's "paint drying." I like Sherwin-Williams Co. (SHW), it's a growth stock. Microsoft's not. I'm not interested in Microsoft; I'm not going to recommend it. I'm going to say strictly, "don't buy"... and strike.

SHW

68.59

Sherwin-Williams Co. (SHW)

See MSFT comments above for:
SHW

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Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

WYNN

87.68

Wynn Resorts (WYNN)

Jim:   Listen, sunshine... they tried to keep that stock down all day, and they couldn't, you know that? That stock was at $83-84, $83-84, $83-84... and, then when the market burst out... I think it's going to par... genuine Wall Street jibberish for $100... buy, buy, buy!... And, Jacky, I want you to keep buying it!

ARNA

7.95

Arena Pharmaceuticals, Inc. (ARNA)

Jim:   Yeah, I'll go for it. This is the anti-obesity play. Everybody wants to play 'em. I'm not going to stop people... buy, buy, buy! Remember, though, it has had one of the greatest runs in the world... If you already owned it, and it ran up, you should have been selling half just to be able to make sure you don't lose this gain.

PTV

30.42

Pactiv Corp. (PTV)

Jim:   Aww... I like packaging, okay... but why don't you buy Temple-Inland Inc. (TIN), which is where you are in Texas. That's a better buy.

TIN

20.06

Temple-Inland Inc. (TIN)

See PTV comments above for:
TIN

CY

10.60

Cypress Semiconductor (CY)

Jim:   Chief, I want you to get right back in there... buy, buy, buy! We've got Dr. T.J. Rodgers on... We made a nice trade. Let's go back and let's reload and shoot!

RMBS

19.65

Rambus Inc. (RMBS)

Jim:   In the end, it's a high-performance chip play. There'll all bad. Let's take the NVidia (NVDA) for what it is. I said, after they announce the bad 2nd quarter, you should buy it. It's got $4-5 in cash. I like it more than Rambus. I know Rambus won the court suit.

NVDA

9.19

NVidia Corporation (NVDA)

See RMBS comments above for:
NVDA

ORCL

23.64

Oracle Corp. (ORCL)

Jim:   No, you know what? I've had enough of Oracle... sell, sell, sell! That federal investigation... I mean, how much can they throw at you with this thing? I say ix-nay Oracle. Enough is enough!

APKT

28.26

Acme Packet, Inc. (APKT)

Jim:   I went over that Acme Packet nine ways to Sunday. I wrote a piece about it on RealMoney.com, which is the paid site of TheStreet.com, where I'm chairman. And my conclusion is: That stock needs to cool off. It was too hot. I think it goes to $23-24. When it gets to that level, we will revisit. But right now, I say don't buy, don't buy...