CNBC's Fast Money Recap Oct. 18th
Technology
Google (GOOG) reported quarterly profits that soar 46% and the search giant added 2,130 employees in the third quarter. Nokia (NOK) traded higher after earnings nearly doubled and global market share rose to 39%.
The big pharmaceutical companies will have earnings rolling in with Pfizer (PFE), Eli Lilly (LLY) and Wyeth (WYE) set to report Thursday and Merck (MRK) and Schering-Plough (SGP) set to report Monday. Pfizer issued news that it will no longer sell Exubera which is an inhalable insulin device. This news took down Alkermes (ALKS), MannKind (MNKD) and Nektar (NKTR). Finerman continues to believe that Merck will buy Biogen (BIIB).
Word on the Street
Advanced Micro Devices (AMD) reported a quarterly loss but, revenues soared. Adami suggests trading off of AMD with Dell (DELL). However, Macke would buy Microsoft (MSFT) based on this news. Baxter (BAX) traded higher after earnings beat Wall Street estimates. Najarian recommends looking at Intuitive Surgical (ISRG). Bank of America (BAC) traded lower after reporting a 32% drop in earnings. Capital One Financial (COF) reported a third quarter loss as profits fell 32%. Najarian would sell Capital One Financial and buy State Street (STT) and JPMorgan (JPM). Wal-Mart (WMT) announces plans to drop prices ahead of the holiday season. Finerman maintains that Wal-Mart is attractive on valuation and she owns the stock.
Rail Trade: Finerman and Adami picked CSX (CSX) in the rail space. Najarian's favorite was Burlington Northern (BNI) and Macke prefers Union Pacific (UNP).
Oil: As oil continues to hit record highs, Najarian proposes playing off oil with solar stocks and recommends buying Cypress Semiconductor (CY), SunPower (SPWR), JA Solar (JASO) and Suntech (STP). Macke favors NRG Energy (NRG). Adami says buy Shaw Group (SGR) for a play on nuclear power.
Pops & Drops
Pops - Callaway Golf (ELY) traded up 12% on higher profits.
Drops - Allstate (ALL) dropped 4% after revenues fell 16%.
iShares FTSE/Xinhua China 25 Index Fund (FXI) fell 3%.
American Standard (ASD) fell 5% after cutting its 2007 forecast.
Final Trades
Macke recommends Intel (INTC).
Adami would short Exxon Mobil (XOM) for the second day in a row.
Finerman is a buyer of Limited Brands (LTD) on a pullback after the retailer was replaced in the S&P 100 index.
Najarian loves and owns Cypress Semiconductor (CY).
Google (GOOG) reported quarterly profits that soar 46% and the search giant added 2,130 employees in the third quarter. Nokia (NOK) traded higher after earnings nearly doubled and global market share rose to 39%.
The big pharmaceutical companies will have earnings rolling in with Pfizer (PFE), Eli Lilly (LLY) and Wyeth (WYE) set to report Thursday and Merck (MRK) and Schering-Plough (SGP) set to report Monday. Pfizer issued news that it will no longer sell Exubera which is an inhalable insulin device. This news took down Alkermes (ALKS), MannKind (MNKD) and Nektar (NKTR). Finerman continues to believe that Merck will buy Biogen (BIIB).
Word on the Street
Advanced Micro Devices (AMD) reported a quarterly loss but, revenues soared. Adami suggests trading off of AMD with Dell (DELL). However, Macke would buy Microsoft (MSFT) based on this news. Baxter (BAX) traded higher after earnings beat Wall Street estimates. Najarian recommends looking at Intuitive Surgical (ISRG). Bank of America (BAC) traded lower after reporting a 32% drop in earnings. Capital One Financial (COF) reported a third quarter loss as profits fell 32%. Najarian would sell Capital One Financial and buy State Street (STT) and JPMorgan (JPM). Wal-Mart (WMT) announces plans to drop prices ahead of the holiday season. Finerman maintains that Wal-Mart is attractive on valuation and she owns the stock.
Rail Trade: Finerman and Adami picked CSX (CSX) in the rail space. Najarian's favorite was Burlington Northern (BNI) and Macke prefers Union Pacific (UNP).
Oil: As oil continues to hit record highs, Najarian proposes playing off oil with solar stocks and recommends buying Cypress Semiconductor (CY), SunPower (SPWR), JA Solar (JASO) and Suntech (STP). Macke favors NRG Energy (NRG). Adami says buy Shaw Group (SGR) for a play on nuclear power.
Pops & Drops
Pops - Callaway Golf (ELY) traded up 12% on higher profits.
Drops - Allstate (ALL) dropped 4% after revenues fell 16%.
iShares FTSE/Xinhua China 25 Index Fund (FXI) fell 3%.
American Standard (ASD) fell 5% after cutting its 2007 forecast.
Final Trades
Macke recommends Intel (INTC).
Adami would short Exxon Mobil (XOM) for the second day in a row.
Finerman is a buyer of Limited Brands (LTD) on a pullback after the retailer was replaced in the S&P 100 index.
Najarian loves and owns Cypress Semiconductor (CY).
Labels: ALKS, AMD, CNBC, Fast Money, Fast Money Recap, GOOG, LLY, MRK, NOK, pfe, WYE
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