Sunday, June 22nd, Weekly Roundup

It was a bad week for the stock market. Luckily, my portfolio was down less than 1% while the DOW was down about 4%. I give the credit to the fact that I am currently investing in "safer" stocks, which usually don't go down as much in a poor market, and a host of stocks that are related to energy which is about the only sector outperforming at the moment. As always though, things can change in a hurry, so I have to make sure I have a plan for each stock in the portfolio, should the story change, and that I'm always looking for stocks that will do well in the current environment.

Warren Buffet Portfolio

Eaton Vance Tax Advantaged Dividend Income Fund (EVT) $23.79 - It was a tough week for this holding which usually tracks the overall market. I last bought shares at @ $22.75 and unloaded those shares at $25.25. If the stock dropped below $24 I would be interested in adding to my position.

General Electric (GE) $27.38 - The stock finished down almost two dollars on the week. GE is a huge conglomerate which is in many businesses, but they have a great track record of growing earnings. The company missed expectations in the first quarter of this year, but I expect them to bounce back. I have been using the weakness of late to add to my position. I would like to buy more at $27.

Coca Cola (KO) $53.66 - The stock suffered more this week as a couple of its international bottlers announced that case volume growth would be lower than previously expected. I like this stock for the long term. The company is constantly looking for ways to grow and I think international growth will see the company through the current environment. I would like to add to my position closer to $50.

McDonald's (MCD) $57.40 - The stock was down on the week as it follows its usual pattern of selling off after announcing good same store sales early in the month. If the stock slips much more, it could be a good time to add to my position.

Altria (MO) $20.78 - The stock lost twelve cents off of its closing price from the previous week. This is one of the reasons you want to own Altria. In a week where the DOW was down almost 4%, Altria was down less than 1%. The great dividend and shareholder friendly management are other good reasons to own it. If the stock drops to $20, I would definitely buy more shares.

US Bancorp (USB) $29.67 - The stock held up better than most regional banks this week. I continue to own this stock, which is in the worst performing sector for 2008, because they avoided many of the pitfalls that hurt their competitors and I expect them to come out stronger than ever. I will add to my position if the stock drops to $29.

Jim Cramer Portfolio

Apple (AAPL) $175.27 - I started a position in the stock again this week as it started to look attractive after the recent selloff. The 3g iphone should drive good earnings growth this year and I have confidence in management to keep coming up with gadgets that will sell. If the stock drops to the low 170's, I will add to my position.

Burlington Northern Santa Fe (BNI) $103.02 - Tough week for the company as they announced second quarter earnings would fall short of previous expectations because of flooding in the Midwest and higher fuel costs. At first, I was uncertain on what to do with the stock but I have decided to keep it for now. The flood waters will eventually recede and the company is the best positioned of all the railroads to take advantage of higher coal and corn prices. If the stock drops below $100, I would consider adding to my position.

Bucyrus International (BUCY) $73.83 - I sold some covered calls against my position on Monday. On Friday, I was able to buy those calls back for a profit. This stock has been a great performer this year and I expect it to go higher. I would like to add to my position if the stock gets closer to $70.

Chesapeake Energy (CHK) $63.96 - It was a great week for the stock as it made a new 52 week high. As long as Natural Gas prices stay high, the company will continue to perform well as they continue to increase production each year. I'm hoping to get a rally to $70 this week where I would seel some shares.

Freeport McMoran Copper & Gold (FCX) $117.03 - I sold some calls against my position on Monday and they expired worthless on Friday, so I got to keep all the money I brought in. The company is well positioned to benefit from all of the building going on in places like China. If the stock drops closer to $110, I would have to add to my position.

Google (GOOG) $546.43 - It was a tough week for the stock. There wasn't much news, so it appears it was just a victim of the broader market selloff. I continue to like the stock but I'm not looking to add to my position at the current level.

Goldman Sachs (GS) $183.77 - The stock was actually up this week even though most other financial stocks were down big. On Tuesday the company announced great earnings which easily exceeded expectations. I took the opportunity to sell some shares which I had boughht a few months ago at a lower price. Since the stock usually sells off with other financials, I may get a chance to add to my position. I would like to do so if the stock drops to $165.

Quanta Services (PWR) $33.86 - The stock was up slightly this week. I like the company as they are the leading maker of windmills. Wind is the cheapest of all alternative energies and I expect it will have the best chance of catching on. I like this stock for the long term but I'm not looking to add to my position at these levels.

Raytheon (RTN) $57.89 - The stock held up relatively well this week. Raytheon is very cheap with a current P/E ratio below 10. Defense stocks should hold up better in a down market, but this one has been down in previous weeks as it looks like Barack Obama will be the next President. Most investors think he will not want to spend as much on defense. The elections are a long way away and a lot can change between now and then. I like having this stock in the portfolio because it offers some diversity to my energy holdings. However, I could see cutting my losses if a better opportunity comes along.

Teva Pharmaceuticals (TEVA) $44.18 - The stock was up about 4% this week as the company got some good news about one of the drugs they're developing. I added this stock just over a week ago and had been looking to buy it for several months. I like the stock for the long term because our population is getting older and TEVA is one of the largest generic drug makers. If this stock were to drop below my cost basis of $42.60 I would add to my position.

US Oil Fund (USO) $109.14 - The stock was virtually unchanged on the week. I had sold some JUN 102 calls against my shares so on Friday I decided to buy those calls back at a loss. I also added more shares to my position. I will probably sell more calls against some of my position tomorrow and let the rest run because it seems like oil always finds a reason to go higher.

Wal Mart (WMT) $56.26 - The stock lost about $3 on the week and is starting to look attractive. This is about the only retail stock that has performed well this year as consumers have been trading down to the discounter. I see no reason to believe that trend won't continue and I'm actually hoping for a lower open tomorrow so I can add to my position. I will be extremely happy to add to my position below $56.

US Steel (X) $182.79 - The stock gained about $10 on the week but failed to close above the $185 level after trading above $186 on Friday. I think this is an important level technically for the stock and if it can manage a close above $185 it could go significantly higher.