CNBC's Fast Money Recap Sept. 28th
The S&P 500 is now up 7.6% on the year, and the Dow is up 11.3%.
The commodity sector had its best monthly performance in 32 years. Adami: Scared that a gold company like Newmont (NEM) is down 8% from its high, while gold is near 27 year highs. Finerman suggests that the poor stock performance is due to company specific problems unrelated to the gold market. Najarian maintains that gold is going higher, but advises keeping an eye on coal stocks. His coal plays are BHP Billiton (BHP), Consol (CNX) and Peabody (BTU).
The Chinese Stock Market: put in its best quarterly performance ever. Everyone keeps calling a top inChina
Technology: 52-week highs were achieved by leading technology stocks like Research In Motion (RIMM) and Apple (AAPL). Najarian: "the wireless run that isn't over". He also steers investors to memory plays like SanDisk (SNDK) and Micron (MU). Macke owns Intel (INTC) for PC growth and continues to hold it. He sees it going to $30, if the consumer hangs in. Adami's attention is set on Microsoft (MSFT) and he is calling for it to trade up through $32.
Solar stocks: exploded higher this week. Najarian offers Cypress Semiconductor (CY) which owns a chunk of SunPower (SPWR).
Word on the Street: General Motors (GM) traded higher after striking a deal with the United Auto Workers. Macke: Says that it was a great deal for General Motors and the labor union took it on the chin. The deal will also benefit Ford (F). Finerman: prefers the auto suppliers and picks Lear (LEA) as the best choice.
Consumer Stocks: Warnings from Target (TGT) and Lowe's (LOW) helped to put pressure on consumer stocks this week. Macke points out that the consumer is a mixed bag right now, and regardless of the warnings, investors should own a best of breed stock like Target. Contrarian Najarian says sell Target and buy Kohl's (KSS)
Unknowns: The unknowns are theUS
Chartology: Louise Yamada, the highest ranked technical analyst on Wall Street from 2001-2004 was on the show. Yamada thinks the S&P 500 could go through the all-time highs, but the volume is less than impressive in her eyes. Adami: the market is setting up for a nice rally into next year. Yamada took a look at the chart of Cisco (CSCO). She declares that CSCO is a buy right now and is poised to go much higher. Macke agreed and said that big cap tech is under owned. Lastly, Yamada analyzed the chart of Centex (CTX). She thinks that CTX can rally back to $40 and then investors should sell because ultimately, it's going to $10.
Fast Fire: Finerman recommended buying Brown Shoe (BWS). Since her call, BWS has dropped 7%. Finerman won't give up on BWS. Adami proposed buying Masco (MAS). Masco has traded down 5% since his call. Adami is more patient and says you can buy it down to $22.50. Najarian told traders to buy St. Jude (STJ). The stock has fallen 4%. Najarian won't budge on STJ.
Bulls: EchoStar (DISH). Macke nailed it and DISH is up 8% since his call. On August 17th Finerman gave out Daimler (DAI) for a buy. She was on the money and the stock was up a whopping 25% since her call. On August 18th Adami recommended getting long China Mobile. Adami hit this one out of the park. The stock is up 45% since his call. Najarian proposed solar plays with Trina Solar (TSL), Suntech Power (STP) and SunPower (SPWR). All three went up double digits since that recommendation.
Pops & Drops
Pops- eBay (EBAY) popped 22%, Amazon (AMZN) popped 35%, and Blue Nile (NILE) exploded up 56%. Macke says these are the toughest shorts on the planet. Najarian loves Apple (AAPL). Whole Foods (WFMI) traded up 27%.
Drops- Wal-Mart (WMT) fell 9%. Adami says if they can get margins higher WMT goes to $60. Merrill Lynch (MER) fell 17%.
Final Trade
Adami: Target even in light of the warnings.
Najarian: gave out Cypress Semiconductor as his solar play.
Finerman: likes Yahoo (YHOO)
The commodity sector had its best monthly performance in 32 years. Adami: Scared that a gold company like Newmont (NEM) is down 8% from its high, while gold is near 27 year highs. Finerman suggests that the poor stock performance is due to company specific problems unrelated to the gold market. Najarian maintains that gold is going higher, but advises keeping an eye on coal stocks. His coal plays are BHP Billiton (BHP), Consol (CNX) and Peabody (BTU).
The Chinese Stock Market: put in its best quarterly performance ever. Everyone keeps calling a top in
Technology: 52-week highs were achieved by leading technology stocks like Research In Motion (RIMM) and Apple (AAPL). Najarian: "the wireless run that isn't over". He also steers investors to memory plays like SanDisk (SNDK) and Micron (MU). Macke owns Intel (INTC) for PC growth and continues to hold it. He sees it going to $30, if the consumer hangs in. Adami's attention is set on Microsoft (MSFT) and he is calling for it to trade up through $32.
Solar stocks: exploded higher this week. Najarian offers Cypress Semiconductor (CY) which owns a chunk of SunPower (SPWR).
Word on the Street: General Motors (GM) traded higher after striking a deal with the United Auto Workers. Macke: Says that it was a great deal for General Motors and the labor union took it on the chin. The deal will also benefit Ford (F). Finerman: prefers the auto suppliers and picks Lear (LEA) as the best choice.
Consumer Stocks: Warnings from Target (TGT) and Lowe's (LOW) helped to put pressure on consumer stocks this week. Macke points out that the consumer is a mixed bag right now, and regardless of the warnings, investors should own a best of breed stock like Target. Contrarian Najarian says sell Target and buy Kohl's (KSS)
Unknowns: The unknowns are the
Chartology: Louise Yamada, the highest ranked technical analyst on Wall Street from 2001-2004 was on the show. Yamada thinks the S&P 500 could go through the all-time highs, but the volume is less than impressive in her eyes. Adami: the market is setting up for a nice rally into next year. Yamada took a look at the chart of Cisco (CSCO). She declares that CSCO is a buy right now and is poised to go much higher. Macke agreed and said that big cap tech is under owned. Lastly, Yamada analyzed the chart of Centex (CTX). She thinks that CTX can rally back to $40 and then investors should sell because ultimately, it's going to $10.
Fast Fire: Finerman recommended buying Brown Shoe (BWS). Since her call, BWS has dropped 7%. Finerman won't give up on BWS. Adami proposed buying Masco (MAS). Masco has traded down 5% since his call. Adami is more patient and says you can buy it down to $22.50. Najarian told traders to buy St. Jude (STJ). The stock has fallen 4%. Najarian won't budge on STJ.
Bulls: EchoStar (DISH). Macke nailed it and DISH is up 8% since his call. On August 17th Finerman gave out Daimler (DAI) for a buy. She was on the money and the stock was up a whopping 25% since her call. On August 18th Adami recommended getting long China Mobile. Adami hit this one out of the park. The stock is up 45% since his call. Najarian proposed solar plays with Trina Solar (TSL), Suntech Power (STP) and SunPower (SPWR). All three went up double digits since that recommendation.
Pops & Drops
Pops- eBay (EBAY) popped 22%, Amazon (AMZN) popped 35%, and Blue Nile (NILE) exploded up 56%. Macke says these are the toughest shorts on the planet. Najarian loves Apple (AAPL). Whole Foods (WFMI) traded up 27%.
Drops- Wal-Mart (WMT) fell 9%. Adami says if they can get margins higher WMT goes to $60. Merrill Lynch (MER) fell 17%.
Final Trade
Adami: Target even in light of the warnings.
Najarian: gave out Cypress Semiconductor as his solar play.
Finerman: likes Yahoo (YHOO)
Labels: AAPL, BHP, BIDU, BTU, CHL, CHU, CNBC, CNX, Fast Money, Fast Money Recap, INTC, NEM, RIMM, SNDK
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