Recap of "Power Lunch" - 6/24/09
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Listed below are stocks that were mentioned in CNBC's Power Lunch on Wednesday June, 24th.
As the name suggests, CNBC’s Power Lunch comes on midway through the trading day. Anchors Bill Griffith, Sue Herera, Dennis Kneale and Michelle Curoso-Cabrera, often taping on location at some of the sites where the news happens, bring a recap of the markets and economy through the first half of the day. Below are the stocks that were mentioned on Power Lunch, which runs from 12 pm until 2pm ET.
Want to know everything that was said on Power Lunch? Then you have to watch it. Visit CNBC for show times and channel guides.
CNBC - Power Lunch Stock Commentary for 6/24/2009
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1:59P, Jun. 24,2009
BAC
$12.51 Bank of America Corp.
 Bank of America Corporation (BAC) Discussed on CNBC's Power Lunch Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research. Getting ready to do and he gave me his final thought. One of the things he pointed out is in this republican memo put out at the time of this particular crisis, as it concerned BANK OF AMERICA, fed governor called treasury, quote, undermanned and less than crisp in their views. End quote. “… n crisp in their views. End quote. …” |
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1:55P, Jun. 24,2009
BAC
$12.56 Bank of America Corp.
Bank of America Corporation (BAC) Discussed on CNBC's Power Lunch Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research. >> that's a judgment call. >> it is. They'll keep it quiet from the occ, quiet from regulators. Do you think the emergency circumstances justified keeping this deal quiet and the regulators pushing B OF A ahead with this deal to close with merrill because of their fear that they would have two problem banks not one. >> why don't they call paulson? >> that's another question. “… of their fear that they would have two problem banks not one. >> why don't they call paulson? >> that's another question. …” |
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1:48P, Jun. 24,2009
BAC
$12.57 Bank of America Corp.
Bank of America Corporation (BAC) Discussed on CNBC's Power Lunch Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research. Well, we'll see. >>> julia is working that story we talked about. >> and some explosive things being said about ben bernanke. >> looking at the BANK OF AMERICA merrill lynch deal from last december. We have more on that and the markets as we wait for the fed announcement at 2:15 eastern on erin burnett's watch on "street “… fed announcement at 2:15 eastern on erin burnett's watch on "street …” |
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1:47P, Jun. 24,2009
AEO
$13.41 American Eagle Outfitters, Inc.
American Eagle Outfitters, Incorporated (AEO) Discussed on CNBC's Power Lunch American Eagle Outfitters, Incorporated is in the news. Find out how this impacts AEO trading on Ockham Research. Bears have decided the operating margin will not get cut in half from here. It's not getting credit as we see for the company. The names we like, coach, urban outfitters, AMERICAN EAGLE OUTFITTERS all for different reasons we think have an opportunity to grow earnings over the next two to three years in excess of the sector in >> thank you both very much. >> value is here to stay. “… grow earnings over the next two to three years in excess of the sector in >> thank you both very much. >> value is here to stay. …” |
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1:47P, Jun. 24,2009
URBN
$20.80 Urban Outfitters, Inc.
Urban Outfitters, Incorporated (URBN) Discussed on CNBC's Power Lunch Urban Outfitters, Incorporated is in the news. Find out how this impacts URBN trading on Ockham Research. Bears have decided the operating margin will not get cut in half from here. It's not getting credit as we see for the company. The names we like, coach, URBAN OUTFITTERS, american eagle outfitters all for different reasons we think have an opportunity to grow earnings over the next two to three years in excess of the sector in >> thank you both very much. >> value is here to stay. “… grow earnings over the next two to three years in excess of the sector in >> thank you both very much. >> value is here to stay. …” |
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1:46P, Jun. 24,2009
DLTR
$41.46 Dollar Tree, Inc.
Dollar Tree, Incorporated (DLTR) Discussed on CNBC's Power Lunch Dollar Tree, Incorporated is in the news. Find out how this impacts DLTR trading on Ockham Research. To fall to the bottom line because a lot of companies have reduced their fixed cost structures to very low levels. >> you for example I believe think that kohl's will do well, DOLLAR TREE, bjs? We're still pretty barbelled in terms of how we'll approach it. We think you need to stick with a couple defensive names, walmart, bjs but also have a “… t. We think you need to stick with a couple defensive names, walmart, bjs but also have a …” |
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1:46P, Jun. 24,2009
KSS
$43.79 Kohl's Corp.
Kohl's Corporation (KSS) Discussed on CNBC's Power Lunch Kohl's Corporation is in the news. Find out how this impacts KSS trading on Ockham Research. I do echo what kimberly said in terms of more sales being able to fall to the bottom line because a lot of companies have reduced their fixed cost structures to very low levels. >> you for example I believe think that KOHL'S will do well, dollar tree, bjs? We're still pretty barbelled in terms of how we'll approach it. We think you need to stick with a couple defensive names, “… ? We're still pretty barbelled in terms of how we'll approach it. We think you need to stick with a couple defensive names, …” |
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1:44P, Jun. 24,2009
C
$3.05 Citigroup, Inc.
Citigroup, Incorporated (C) Discussed on CNBC's Power Lunch Citigroup, Incorporated is in the news. Find out how this impacts C trading on Ockham Research. Where will the winners be? Joining us now with their stock picks, a broadline retail analyst at jp morgan and kimberly greenberger retail analyst at CITI. It is a bit counterintuitive to take a look at these stocks but you think perhaps it is indicating that better times are ahead. They're early but that is what “… hat better times are ahead. They're early but that is what …” |
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1:44P, Jun. 24,2009
JPM
$33.67 JPMorgan Chase & Company
JPMorgan Chase & Company (JPM) Discussed on CNBC's Power Lunch JPMorgan Chase & Company is in the news. Find out how this impacts JPM trading on Ockham Research. Say we are still in a deep what about the second half? Where will the winners be? Joining us now with their stock picks, a broadline retail analyst at JP MORGAN and kimberly greenberger retail analyst at citi. It is a bit counterintuitive to take a look at these stocks but you think perhaps it is indicating that better times are ahead. “… t these stocks but you think perhaps it is indicating that better times are ahead. …” |
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1:41P, Jun. 24,2009
BA
$42.38 The Boeing Company
The Boeing Company (BA) Discussed on CNBC's Power Lunch The Boeing Company is in the news. Find out how this impacts BA trading on Ockham Research. Is it time to bet on a name like coach or keep betting on >> and the dow, nasdaq, and s&p are all in the black today though we do have a couple big name losers to mention. BOEING down again today. Another 3.5%. This is on the news about the pentagon deal that probably is going away when it comes to two days in a row for them. Super value lower by 12%. “… that probably is going away when it comes to two days in a row for them. Super value lower by 12%. …” |