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Recap of “Power Lunch” – 6/4/09

Ockham’s daily Recap of Power Lunch.

Listed below are stocks that were mentioned on CNBC’s Power Lunch on Thursday June, 4th.

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.
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CNBC – Power Lunch Stock Commentary for 6/4/2009

The most recent commentary from CNBC followed by Ockham
“… >> mr. Icahn, what can you really accomplish here with two dissident board members on a 12-member board on AMYLIN? I mean, it’s not even close to being a majority. >> I think you accomplish a lot I do think that boards in general …” …more details…
“… I do believe they’ll be buying biotech companies. By and large, they have do not have good management at the top. The ceo at BIOGEN has not done a good job. The numbers really they put out really — >> mr. Icahn, what can you really accomplish here with two …” …more details…
“… And made it a much better the two fellows here get a lot of credit for that, as did the other board members we put on. As a result, the ELI LILLY really came to us and offered a premium of double what the price was or something close to that. In the other thing, we were never on the board but owned a …” …more details…
“… Are you going to follow your typical biotech m.O. Here? You sold imclone to ELI LILLY? Will you sell this new company to whomever? >> I would like to correct you a we don’t after these to sell these companies. …” …more details…
“… >>> all right. We’re taking a looking at some of the winners on the big side today. One of them is WYNN river systems, being purchased by that stock is up 44% in today’s trading session. On the flip side of things, with numbers being disappointing, gap …” …more details…
“… World economy. Most industries are getting the fundamentals are getting better for commodities. The fundamentals are not getting better for general motors or CITI bank. >> if you’re a trader, it’s good, right? >> but i’m the world’s worst trader. I’ve been coming here for 20 you know i’m the world’s worst …” …more details…
“… A lot of money just flowing in. We have a pretty strong volume right now. We have oil prices near the highs of the session. GOLDMAN SACHS price call, any change in their forecast will influence prices. That has happened today. With them calling for $85 a barrel by the end of the year and 95 by 2010. …” …more details…
“… >> the may same store sales, 63% of retailers missed expectations. However, what we did see was the discounters feeling some weakness. Costco among them. What was interesting about today’s numbers is that they don’t include WALMART. WALMART is opting out of the monthly same store sales game. They’re not going to be reporting. That’s a tough one. We get a lot of information from them as the world’s largest as far as oil and those …” …more details…
“… Sharon epperson at the nymax. >> the may same store sales, 63% of retailers missed expectations. However, what we did see was the discounters feeling some weakness. COSTCO among them. What was interesting about today’s numbers is that they don’t include walmart. Walmart is opting out of the monthly same store sales game. They’re not going to be reporting. That’s a tough one. We get a lot of information from …” …more details…
“… I’m brian shactman.)p* >>> no, that’s true. Welcome to the second hour much "power lunch." big griffeth will be on the closing bell. Michelle is off’CA you made time out of the 8:00 >> you guys have a fine crowd. Didn’t need me at all. >> julia is here and our old friend, global investor and …” …more details…
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