CNBC's Fast Money Recap Sept. 20th
Najarian: the weak dollar is bullish for technology stocks, which will benefit off of global growth. Finerman: buying S&P 500 and Russell put options to hedge her portfolio.
Oil was above $83 again for the fourth record close in a row. Finerman suggests buying ConocoPhillips (COP). Najarian says to buy oil service stocks like Baker-Hughes (BHI), Halliburton (HAL) and Schlumberger (SLB).
Word on the Street
Goldman Sachs (GS): Record numbers on Thursday. Najirian would sell on the news.
FedEx (FDX): reported a 4% rise in profits, but cut forecasts. Macke thinks FedEx's problems are company-specific. He also reminded investors to never own a stock where the CEO blames the economy on a bad quarter, which FedEx did. Adami said Fed Ex isn't at the level he would buy, but it's getting close.
Oracle (ORCL): traded up after hours on strong earnings and revenue. Macke thinks Oracle is a very good company hitting on all cylinders. Adami and Najarian like the acquisitions that Oracle has made recently.
Cree (CREE) and Brightpoint (CELL): Najarian saw huge monster volume on the CREE September $35 calls and the CELL April $20 calls.
Nike (NKE): reported bullish earnings and revenues after the close on Thursday. Finerman thinks the news gives a buy signal for Brown Shoe (BWS), which sells a lot of Nike shoes. Macke disagreed. Najirian says to watch Under Armor (UA), because if they are doing well than Nike will do well.
PC Growth: Morgan Stanley raised PC growth forecasts by 4%. This adds momentum for technology stocks and will be bullish for Dell (DELL), Hewlett-Packard (HPQ), Apple (AAPL), Intel (IMTC), and AMD (AMD).
Stem Cell: Najarian says the pure play in the stem cell space is Geron (GERN). For other big caps look at Celgene (CELG), Amgen (AMGN) and AstraZeneca (AZN).
Dubai announced on Thursday a 20% stake in both the NASDAQ and London Stock Exchange. Higher oil prices have left the Gulf state flush with cash. Macke says look at Tiffany's (TIF) and Saks (SKS) and get ahead of the possibility of Dubai taking a stake in these firms. Adami says buy Fluor (FLR) and McDermott (MDR). Finerman would play the exchange names like NASDAQ (NDAQ), NYMEX (NMX), and NYSE (NYX).
POPS & DROPS
POPS: Athenahealth (ATHN), Monolithic Power Systems (MPWR), Carnival Cruise (CCL), Motorola (MOT).
Drops: CKE Restaurants (CKR), Pier One Imports (PIR), Lowe's (LOW), Infosys (INFY), Pacific Ethanol (PEIX).
Face2Face
First writer said, "Lee Raymond, the former CEO of Exxon Mobil (XOM) has said that the price of oil shouldn't be $80 per barrel. If so, perhaps there is no "real" inflation at all. Finerman disagrees with the idea that speculators can control prices in the longer term.
Another writer asked why EMC Corp (EMC) hasn't broken out of its current trading range, while VMware (VMW). Adami recalls that traders sold EMC to buy VMW, but those traders will be coming back to EMC. He expects EMC to go over $20.
Final Trade
Macke: Added to his position in Activision (ATVI).
Adami: says buy Oracle (ORCL) as long as it stays above $20.50.
Finerman: going long on BEA Systems (BEAS).
Najarian: buy Sohu.com (SOHU)
Oil was above $83 again for the fourth record close in a row. Finerman suggests buying ConocoPhillips (COP). Najarian says to buy oil service stocks like Baker-Hughes (BHI), Halliburton (HAL) and Schlumberger (SLB).
Word on the Street
Goldman Sachs (GS): Record numbers on Thursday. Najirian would sell on the news.
FedEx (FDX): reported a 4% rise in profits, but cut forecasts. Macke thinks FedEx's problems are company-specific. He also reminded investors to never own a stock where the CEO blames the economy on a bad quarter, which FedEx did. Adami said Fed Ex isn't at the level he would buy, but it's getting close.
Oracle (ORCL): traded up after hours on strong earnings and revenue. Macke thinks Oracle is a very good company hitting on all cylinders. Adami and Najarian like the acquisitions that Oracle has made recently.
Cree (CREE) and Brightpoint (CELL): Najarian saw huge monster volume on the CREE September $35 calls and the CELL April $20 calls.
Nike (NKE): reported bullish earnings and revenues after the close on Thursday. Finerman thinks the news gives a buy signal for Brown Shoe (BWS), which sells a lot of Nike shoes. Macke disagreed. Najirian says to watch Under Armor (UA), because if they are doing well than Nike will do well.
PC Growth: Morgan Stanley raised PC growth forecasts by 4%. This adds momentum for technology stocks and will be bullish for Dell (DELL), Hewlett-Packard (HPQ), Apple (AAPL), Intel (IMTC), and AMD (AMD).
Stem Cell: Najarian says the pure play in the stem cell space is Geron (GERN). For other big caps look at Celgene (CELG), Amgen (AMGN) and AstraZeneca (AZN).
Dubai announced on Thursday a 20% stake in both the NASDAQ and London Stock Exchange. Higher oil prices have left the Gulf state flush with cash. Macke says look at Tiffany's (TIF) and Saks (SKS) and get ahead of the possibility of Dubai taking a stake in these firms. Adami says buy Fluor (FLR) and McDermott (MDR). Finerman would play the exchange names like NASDAQ (NDAQ), NYMEX (NMX), and NYSE (NYX).
POPS & DROPS
POPS: Athenahealth (ATHN), Monolithic Power Systems (MPWR), Carnival Cruise (CCL), Motorola (MOT).
Drops: CKE Restaurants (CKR), Pier One Imports (PIR), Lowe's (LOW), Infosys (INFY), Pacific Ethanol (PEIX).
Face2Face
First writer said, "Lee Raymond, the former CEO of Exxon Mobil (XOM) has said that the price of oil shouldn't be $80 per barrel. If so, perhaps there is no "real" inflation at all. Finerman disagrees with the idea that speculators can control prices in the longer term.
Another writer asked why EMC Corp (EMC) hasn't broken out of its current trading range, while VMware (VMW). Adami recalls that traders sold EMC to buy VMW, but those traders will be coming back to EMC. He expects EMC to go over $20.
Final Trade
Macke: Added to his position in Activision (ATVI).
Adami: says buy Oracle (ORCL) as long as it stays above $20.50.
Finerman: going long on BEA Systems (BEAS).
Najarian: buy Sohu.com (SOHU)
Labels: CELL, CNBC, COP, DELL, Fast Money, FDX, GS, HAL, HPQ, IMTC, Jim Cramer, NKE, ORCL, SLB
posted by Stock Administrator @ 8:39 AM
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