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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
“… To the upside thanks in part that you see oil up more than on top of that, the financials are in focus, a lot of traders giving credence to the fact that JPMORGAN and american express are back above the offer price from their secondaries they came out last week. Goldman getting an upgrade at bernstein. Bernstein is going to emerge the …” …more details…
“… To the upside thanks in part that you see oil up more than on top of that, the financials are in focus, a lot of traders giving credence to the fact that jpmorgan and AMERICAN EXPRESS are back above the offer price from their secondaries they came out last week. Goldman getting an upgrade at bernstein. Bernstein is going to emerge the …” …more details…
“… >> look forward to hearing what duke has for the works of the live season coverage of the scott wapner at the mercantile exchange, rick santelli at the CME GROUP. Rebecca jarvis is at the new york stock exchange. Rebecca >> stocks and commodities cannot be ignored. The commodities markets continue to rip and roar. …” …more details…
“… Krrk erk o mike dukes plans to take this retailer through a possible recovery with the same degree of success as they weathered this recession, sue and julia to WALMART. And your meeting tomorrow, live down there tomorrow. >> look forward to hearing what duke has for the works of the live season coverage of the …” …more details…
“… Bright spots. Trendy, affordable data still selling strong at nebraska’s struggle. We can include WALMART of the centers because the world’s biggest retailers no longer sharing the result. The only information they released today is WALMART is hiring $22,000 employee this is it’s rare to hear anyone is hiring in the retail sector right now. In WALMART’s cutting back, that’s fewer new employees than last year because they’re opening fewer stores than last we’ll hear about the controversy over them no longer reporting same store sales along with new …” …more details…
“… And lack of confidence. It’s squeezing luxury stores. May’s market strength did not get the high-end customers to spend it. Sax, NORDSTROM, and abcom bee and fitch struggling as well. The midwest and the northeast parts of this country are seemingly where consumers are most willing to spend and that did produce some bargain hunting …” …more details…
“… Been tallied, 63% of retailers missed expectations in may. And among them, cosco. Sales declined about 7%. Discounters bjs and TARGET also missed expectations even though food sales are holding in there. Why there headlines so negative? Well, keep in mind, at this time last year, consumers had $50 money to spend. …” …more details…
“… Where’s the next target? A all of that. The tabs four, if you will, ahead on "power lunch." can’t afford to miss that. >> the retailers, not the best month last month, is WALMART the bright star of the group though WALMART doesn’t report comp margaret brenner joins us to sort this out. >> discounters are feeling the pain right now. But may’s weakness wasn’t a matter of the consumer cutting …” …more details…
“… We’ll get his take on the bond if that’s not enough, billionaire and activist investor carl icahn as mike huckman told us yesterday scored two big wins in biotech. Where’s the next TARGET? A all of that. The tabs four, if you will, ahead on "power lunch." can’t afford to miss that. >> the retailers, not the best month last month, is walmart the …” …more details…
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