CNBC's Power Lunch Recap on Wednesday, June 03, 2009

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Recap of "Power Lunch" - 6/3/09

Ockham's daily Recap of Power Lunch.

Listed below are stocks that were mentioned on CNBC's Power Lunch on Wednesday June, 3rd.

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.
Ockham Value Life Cycle Chart

CNBC - Power Lunch Stock Commentary for 6/3/2009

The most recent commentary from CNBC followed by Ockham
“… >> yeah, he did fail with biogen idec last year, let's point that out. He did sell imclone. Then he sold metamune to ASTRAZENECA. He does have a strong record in >> we'll look for more from you as the day progresses. >> we're back in a second to close out "power lunch." …” …more details…
“… You talked about that earlier. But he's doing pretty well in that particular arena. >> yeah, he did fail with BIOGEN IDEC last year, let's point that out. He did sell imclone. Then he sold metamune to astrazeneca. He does have a strong record in …” …more details…
“… That would be an antitrust violation. Naturally with my audience, they're very interested in that our second hottest story going on right now? We're taking a look at basically what's going on with APPLE and its gaming industry. APPLE used to be a joke at games. Now through their apps store they've got a bunch of games out people are thinking next step console. People are piling on to that and our hottest story today, …” …more details…
“… Very painful. Has already happened. >> if you look at the major banks, you've seen balanced sheets that used to be >> and they're still down. MORGAN STANLEY is the only one of the big former investment everyone else is keeping that leverage, in fact, with a wink and a nod from the government. …” …more details…
“… '90s. Then "money ball" which is all about baseball and money. Now your book out now about it is tougher being a father or the ceo of a place like CITIGROUP? >> I think it depends on -- if you're grading me on a -- if I can take this course pass/fail, it's easier being probably being a dad. But if you're grading me on a curve, i'd rather have the job at CITIGROUP. I think that being really, really good at being a dad is harder. >> being a parent -- >> getting an a-plus as a dad is …” …more details…
“… >> or a dad of three girls. >> two girls and a boy. >> you have a boy. >> I haven't gotten to chapter three yet. Would you rather sun CITIGROUP or feed a family of three. >> the government won't bail me out. >> this is very true. >> we're also watching wall street which is having a tough day of it despite the fact it should be getting a little bit …” …more details…
“… The energy components are getting hit because of the decline of 'n the price of oil chevron is lower. 67.54 a share. >> WALMART kind of the flip side up more than a full percent. That stock has had a nice run. A little profit taking in the last hour or two, but we're still up 52 cents at $50.46. …” …more details…
“… >>> why is the dow weak, too? The energy components are getting hit because of the decline of 'n the price of oil CHEVRON is lower. 67.54 a share. >> walmart kind of the flip side up more than a full percent. That stock has had a nice run. A little profit taking in the last hour or two, but we're …” …more details…
“… And it's down $4. You get the idea here? Don't be surprised when you see some of these stocks pause a the oil stocks haven't had as e+ big a move. CHEVRON is up. But given what we've heard from oil goes up, they make money on the upstream side. But on the downstream side these guys get killed on, on the …” …more details…
“… Upward and onward with the global economic recovery. We heard today how demand for gasoline is not as strong as people thought. The dollar is stronger. All the commodity plays are a little weaker. Keep a look at ALCOA. We went from $5 to $10 in ALCOA in two months. $5 to $10. A little surprise with some of the news today. A little profit taking going on here. Freeport, same situation. …” …more details…
NASDAQ 1819.92

27.58  1.54%
S&P; 500 914.52

13.58  1.51%
^DIA 84.03

1  1.2%