CNBC's Fast Money Recap Oct. 5th
Technology
Technology stocks continued to shine with big moves this week out of Apple (AAPL), Google (GOOG) and Research In Motion (RIMM). Finerman said her favorite is Microsoft (MSFT) and she has a bullish options trade on the stock in her hedge fund. Najarian points out the strength in gadget makers with RIMM as an example. He also favors Nokia (NOK), Apple, Hewlett-Packard (HPQ) and Dell (DELL). Videogame makers Activision (ATVI), Electronic Arts (ERTS) and Nintendo (NTDOY) all had strong weeks as well. Macke: has not sold a single share of ATVI yet and advises other investors to get long all the videogame makers mentioned.
Blackstone (BX) traded up 15% as investors sense deal making is back. Najarian agrees that deals are getting done and is bullish on the exchange stocks. He bought Nasdaq (NDAQ) on Friday. Finerman agrees with NDAQ.
China
Despite the Chinese stock market being closed; the iShares FTSE/Xinhua China 25 Index (FXI) and the IShares MSCI Hong Kong Index Fund (EWH) closed the week in the green. China Finance Online (JRJC) was up 20% on the week and KongZhong (KONG) was up 15%.
Consumer Products
This week some interesting earnings reports are expected from Pepsi (PEP), Yum! Brands (YUM), Costco (COST) and GE (GE). Macke: likes Pepsi for a play on the weak dollar and China exposure, but less than enthused about Costco. Finerman favors Yum Brands for its china exposure and strong brands.
Luxury Stocks
CNBC's Margaret Brennan joined the crew to discuss luxury stocks. She said that companies such as Gucci (GUCG) and LVMH (LVMUY) are recession proof. She feels that brands like Tiffany (TIF) and Coach(COH) could have more problems if we see a drop in bonuses.
Options Activity
Najarian noticed unusual options activity in ValueClick (VCLK) with the $22 and $25 call options. Market rumors are swirling that ValueClick could be a takeover target. He also mentioned he took a position in ValueClick two weeks ago. Another stock that he saw with unusual options activity was McAfee (MFE).
Pops & Drops
Pops- Google (GOOG) traded up 5%.
Home Depot (HD) traded up 5%. Finerman is long HD.
TIVO (TIVO) exploded up 17%. Macke still prefers DISH over TIVO.
Vimpel-Communications (VIP) popped 7% after winning a shareholder lawsuit.
Drops- Walgreen (WAG) dropped 17% after missing Wall Street profit targets. Macke says get out.
USEC (USU) fell 15% after the U.S. Energy Department declined its $9.5 billion bid to restore uranium plants.
Sealy (ZZ) plunged 8% after profits fell for the mattress maker.
Quicker than the Ticker
Finerman: Centex (CTX) She was right and the stock went up 7% since her call.
Macke: Electronic Arts and Activision. Macke was a winner as both stocks went up significantly from his call.
Seymour iShares MSCI Brazil Index (EWZ): flying up 20% since his call.
Najarian: Manitowoc (MTW): soaring 21% since his recommendation.
Fast Fire
Past picks that didn't do so well.
Last Thursday, Macke made bullish comments on Yahoo! (YHOO) and Palm (PALM). Macke missed the mark as Palm fell 5% since his call…but maintains that Palm is a solid long term play.
Najarian said he liked Wynn Resorts (WYNN) better than Las Vegas Sands (LVS). Wynn fell 8% the next day.
Finerman told investors to sell Skechers (SKX). Since her advice, Skechers has soared 16%.
Technology stocks continued to shine with big moves this week out of Apple (AAPL), Google (GOOG) and Research In Motion (RIMM). Finerman said her favorite is Microsoft (MSFT) and she has a bullish options trade on the stock in her hedge fund. Najarian points out the strength in gadget makers with RIMM as an example. He also favors Nokia (NOK), Apple, Hewlett-Packard (HPQ) and Dell (DELL). Videogame makers Activision (ATVI), Electronic Arts (ERTS) and Nintendo (NTDOY) all had strong weeks as well. Macke: has not sold a single share of ATVI yet and advises other investors to get long all the videogame makers mentioned.
Blackstone (BX) traded up 15% as investors sense deal making is back. Najarian agrees that deals are getting done and is bullish on the exchange stocks. He bought Nasdaq (NDAQ) on Friday. Finerman agrees with NDAQ.
China
Despite the Chinese stock market being closed; the iShares FTSE/Xinhua China 25 Index (FXI) and the IShares MSCI Hong Kong Index Fund (EWH) closed the week in the green. China Finance Online (JRJC) was up 20% on the week and KongZhong (KONG) was up 15%.
Consumer Products
This week some interesting earnings reports are expected from Pepsi (PEP), Yum! Brands (YUM), Costco (COST) and GE (GE). Macke: likes Pepsi for a play on the weak dollar and China exposure, but less than enthused about Costco. Finerman favors Yum Brands for its china exposure and strong brands.
Luxury Stocks
CNBC's Margaret Brennan joined the crew to discuss luxury stocks. She said that companies such as Gucci (GUCG) and LVMH (LVMUY) are recession proof. She feels that brands like Tiffany (TIF) and Coach(COH) could have more problems if we see a drop in bonuses.
Options Activity
Najarian noticed unusual options activity in ValueClick (VCLK) with the $22 and $25 call options. Market rumors are swirling that ValueClick could be a takeover target. He also mentioned he took a position in ValueClick two weeks ago. Another stock that he saw with unusual options activity was McAfee (MFE).
Pops & Drops
Pops- Google (GOOG) traded up 5%.
Home Depot (HD) traded up 5%. Finerman is long HD.
TIVO (TIVO) exploded up 17%. Macke still prefers DISH over TIVO.
Vimpel-Communications (VIP) popped 7% after winning a shareholder lawsuit.
Drops- Walgreen (WAG) dropped 17% after missing Wall Street profit targets. Macke says get out.
USEC (USU) fell 15% after the U.S. Energy Department declined its $9.5 billion bid to restore uranium plants.
Sealy (ZZ) plunged 8% after profits fell for the mattress maker.
Quicker than the Ticker
Finerman: Centex (CTX) She was right and the stock went up 7% since her call.
Macke: Electronic Arts and Activision. Macke was a winner as both stocks went up significantly from his call.
Seymour iShares MSCI Brazil Index (EWZ): flying up 20% since his call.
Najarian: Manitowoc (MTW): soaring 21% since his recommendation.
Fast Fire
Past picks that didn't do so well.
Last Thursday, Macke made bullish comments on Yahoo! (YHOO) and Palm (PALM). Macke missed the mark as Palm fell 5% since his call…but maintains that Palm is a solid long term play.
Najarian said he liked Wynn Resorts (WYNN) better than Las Vegas Sands (LVS). Wynn fell 8% the next day.
Finerman told investors to sell Skechers (SKX). Since her advice, Skechers has soared 16%.
Labels: AAPL, ATVI, CNBC, DELL, Fast Money, Fast Money Recap, FXI, GOOG, HPQ, MSFT, NDAQ, RIMM
posted by Stock Administrator @ 9:42 AM
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