CNBC's Fast Money Recap Oct. 22nd
Victors: Apple (AAPL) crushed Wall Street estimates by reporting a 67% jump in profits. Najarian says it's an amazing number and everything is working. He owns the stock and continues to stay long. American Express (AXP) beats expectations and trades higher after hours. Merck (MRK) reports a 62% jump in third quarter profits and the stock trades higher. Macke continues to be bullish on Merck. Adami suggests looking at Pfizer (PFE) on a valuation basis.Homebuilding stocks were strong on Monday with the Homebuilders ETF (XHB) trading up 3%. Finerman mentions that a private equity group Hellman & Friedman bought Goodman Global (GGL) for $2.65 billion and tells viewers to trade off that news by going long MDC Holdings (MDC).
Victims: Texas Instruments (TXN) shares dip on the chip maker's outlook that was below Wall Street estimates. Najarian hinted that Texas Instruments isn't managed as well as Apple (AAPL) and he would rather own Apple. Adami counsels investors to buy Intel (INTC) off the TXN numbers. Alos, crude oil and gold both fell 1% Monday as the dollar gains strength.
Merrill Lynch (MER) is set to report earnings on Wednesday. CNBC's Charlie Gasparino discussed his take on Merrill. Insiders at Merrill tell him that some are calling for CEO Stan O'Neal's head. Even outside shareholders want him out. Macke tells investors not to bother buying this stock. Gasparino is now giving O'Neal 8-to-1 odds of being removed as CEO.
SanDisk Corporation (SNDK) co-founder, president and COO Sanjay Mehrotra joined the shpw to discuss his firm's prospects. Mehrotra says demand remains strong especially for the mobile phone segment of the business. He sees continued growth for SanDisk in 2008 and higher profitability.
OIL: Higher oil prices may actually cause BP (BP) and Exxon (XOM) to report a decline in profit for the first time in 5 years. Finerman wants to short tanker stocks like Teekay (TK) because of declining tanker rates.
Retail: Amazon.com (AMZN) is set to report earnings Tuesday after the bell. Macke loves the stock and thinks they will blow out the earnings. Finerman prefers Target (TGT) and Wal-Mart (WMT) and she hopes they trade lower so that she can buy more for her hedge fund. Adami is partial to United Parcel Services (UPS)
Pops & Drops
Pops- Altria (MO) trades up 1% after a UBS upgrade. Finerman is bullish on Altria.
Kimberly Clark (KMB) trades up 5% after posting strong profit numbers.
ExpressJet Holdings (XJT) trades up 16% after the firm announced possible plans of going private.
Sears Holdings (SHLD) popped 4% after a positive mention in Barron's. Finerman would rather be long Target (TGT).
Royal Caribbean Cruises (RCL) traded up 8% after reporting strong profits. The stock is working for Macke.
Radiation Therapy Service exploded higher by 44% after Vestar Capital Partners took the company private.
Lululemon Athletica (LULU) traded up 5% after the firm raised third-quarter estimates and Adami would buy it.
Final Trade
Macke counsels investors to buy Short Dow30 ProShares (DOG).
Adami likes Intel (INTC).
Finerman recommends Covidien (COV).
Najarian offers up Yahoo! (YHOO) for a play on Alibaba.
Victims: Texas Instruments (TXN) shares dip on the chip maker's outlook that was below Wall Street estimates. Najarian hinted that Texas Instruments isn't managed as well as Apple (AAPL) and he would rather own Apple. Adami counsels investors to buy Intel (INTC) off the TXN numbers. Alos, crude oil and gold both fell 1% Monday as the dollar gains strength.
Merrill Lynch (MER) is set to report earnings on Wednesday. CNBC's Charlie Gasparino discussed his take on Merrill. Insiders at Merrill tell him that some are calling for CEO Stan O'Neal's head. Even outside shareholders want him out. Macke tells investors not to bother buying this stock. Gasparino is now giving O'Neal 8-to-1 odds of being removed as CEO.
SanDisk Corporation (SNDK) co-founder, president and COO Sanjay Mehrotra joined the shpw to discuss his firm's prospects. Mehrotra says demand remains strong especially for the mobile phone segment of the business. He sees continued growth for SanDisk in 2008 and higher profitability.
OIL: Higher oil prices may actually cause BP (BP) and Exxon (XOM) to report a decline in profit for the first time in 5 years. Finerman wants to short tanker stocks like Teekay (TK) because of declining tanker rates.
Retail: Amazon.com (AMZN) is set to report earnings Tuesday after the bell. Macke loves the stock and thinks they will blow out the earnings. Finerman prefers Target (TGT) and Wal-Mart (WMT) and she hopes they trade lower so that she can buy more for her hedge fund. Adami is partial to United Parcel Services (UPS)
Pops & Drops
Pops- Altria (MO) trades up 1% after a UBS upgrade. Finerman is bullish on Altria.
Kimberly Clark (KMB) trades up 5% after posting strong profit numbers.
ExpressJet Holdings (XJT) trades up 16% after the firm announced possible plans of going private.
Sears Holdings (SHLD) popped 4% after a positive mention in Barron's. Finerman would rather be long Target (TGT).
Royal Caribbean Cruises (RCL) traded up 8% after reporting strong profits. The stock is working for Macke.
Radiation Therapy Service exploded higher by 44% after Vestar Capital Partners took the company private.
Lululemon Athletica (LULU) traded up 5% after the firm raised third-quarter estimates and Adami would buy it.
Final Trade
Macke counsels investors to buy Short Dow30 ProShares (DOG).
Adami likes Intel (INTC).
Finerman recommends Covidien (COV).
Najarian offers up Yahoo! (YHOO) for a play on Alibaba.
Labels: AAPL, AMZN, AXP, CNBC, Fast Money, Fast Money Recap, GGL, INTC, MDC, MER, MRK, pfe, SNDK, TXN, XHB, XOM
posted by Stock Administrator @ 10:09 AM
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