He's holding a IRON MAN
Here is what is in the rack that I can figure out so far. Don't know the numbers though, just titles.
Top roll: ROM, Alpha Flight, Avengers?, .
2nd roll down: The New Mutants,CONAN, Metamophro, ?, ?.
3rd roll down: Annual of some kind, KING-SIZE annual of some kind, ASM, , ASM.
4th roll down: Deadstar Annual, Thor, ROM, , .
5th roll down: , Captain America, ROM,
6th roll down: , , .
7th last roll: ASM,
Great find. Didn't even remember this scene and I've watched this movie several time.