Companhia Vale do Rio Doce (RIO) was called a buy as it has a “monopoly on nickel.” The market may hate miners right now but an exception could be made for the Brazilian metals giant because of the strong position in a crucial material. RIO “has staying power” according to Jim. Sprint Nextel Corporation (S) is also a company he likes. The latest quarter and conference call seem to suggest that management feels they are “still stupid but not as stupid as they used to be.” The fourth quarter was a good quarter for a bad company. The stock looks to be headed into the mid-20’s. Qwest Communications International Inc (Q) was called a “winner” due to falling interest rates that will allow the debt heavy telco to save money in refinancing. He thinks the stock price will soon be in the teens. Among market turmoil investors should look to the three D’s: diversified, defensive and dividend. Recommended this morning were Coke (KO), The Procter & Gamble Company (PG) and ExxonMobil (XOM).