CNBC's Fast Money Recap Nov. 14th
The Dow finished down 83 points and the Nasdaq closed down 29 points. Macke explained to investors that the morning selling of the four horseman like Google (GOOG), Research In Motion (RIMM) and Apple (AAPL) lead the market down.
Delta Air Lines (DAL) denies reports of merger talks with United Airlines (UAUA). Adami thinks that any rally in the airline stocks should be sold. Najarian says if a merger was going to happen thinks the play would be Northwest Airlines (NWA). Airbus SAS and Boeing (BA) released a report that said this year will mark the peak in orders for airplanes. Finerman disagreed with the report and her advice to investors is to buy Kaiser Aluminum (KALU). Adami likes Honeywell (HON) for an aerospace play.
The New York Times published an article about Luluemon athletica (LULU) saying the clothing made of seaweed doesn't have any seaweed in it.
A $5 billion bond fund run by General Electric (GE) is offering investors a redemption of 96 cents on the dollar.
Asset Managers: Adami's personal favorite asset manager is Affiliated Manager's Group (AMG). He picks AMG for a baby boomer play and because it is insulated from subprime. Finerman agrees on AMG and she also likes Ameriprise Financial (AMP) and Charles Schwab (SCHW). Najarian suggests purchasing the recently punished names like PMI Group (PMI), Ambac (ABK) and MBIA (MBI).
Starbucks (SBUX) is set to report earnings on Thursday after the close. Macke says Starbucks has slowing growth and difficult comps, so the way to play this is to buy McDonald's (MCD). He mentioned that McDonald's competing directly against Starbucks in the coffee market.
Word on the Street
Crude oil closes up 3.4% to $94.30. Adami still thinks oil goes lower and he was disappointed that Tesoro (TSO) didn't trade higher with oil.
Network Appliance (NTAP) tops second-quarter profits and guides third-quarter above Wall Street estimates.
Najarian noted unusual options activity inSavient Pharmaceuticals (SVNT).
Pops & Drops
Pops - E*TRADE (ETFC) traded up 11% after CEO Mitch Caplan told CNBC that the online brokerage firm isn't going bankrupt.
iShares FTSE/Xinhua China 25 Index (FXI) traded up 2% following the Asian market rally.
Ventana Medical (VMSI) traded up 6%
MetroPCS (PCS) traded up 10%
Gilead (GILD) trades up 2% after Stifel Nicholas raised their price target to $52
Drops - Wendy's (WEN) fell 3%
United Rentals (URI) plunged 30%
Blockbuster (BBI) fell 6%.
Time Warner (TWX) fell 4% after a large block trade crossed the tape.
Disney (DIS) fell 4%
Final Trade
Macke suggests getting long the Dow30 Short Proshares (DOG) for a trade.
Adami and Najarian like EMC (EMC) off of Network Appliance's (NTAP) earnings.
Finerman likes American Eagle Outfitters (AEO) kon valuation.
Delta Air Lines (DAL) denies reports of merger talks with United Airlines (UAUA). Adami thinks that any rally in the airline stocks should be sold. Najarian says if a merger was going to happen thinks the play would be Northwest Airlines (NWA). Airbus SAS and Boeing (BA) released a report that said this year will mark the peak in orders for airplanes. Finerman disagreed with the report and her advice to investors is to buy Kaiser Aluminum (KALU). Adami likes Honeywell (HON) for an aerospace play.
The New York Times published an article about Luluemon athletica (LULU) saying the clothing made of seaweed doesn't have any seaweed in it.
A $5 billion bond fund run by General Electric (GE) is offering investors a redemption of 96 cents on the dollar.
Asset Managers: Adami's personal favorite asset manager is Affiliated Manager's Group (AMG). He picks AMG for a baby boomer play and because it is insulated from subprime. Finerman agrees on AMG and she also likes Ameriprise Financial (AMP) and Charles Schwab (SCHW). Najarian suggests purchasing the recently punished names like PMI Group (PMI), Ambac (ABK) and MBIA (MBI).
Starbucks (SBUX) is set to report earnings on Thursday after the close. Macke says Starbucks has slowing growth and difficult comps, so the way to play this is to buy McDonald's (MCD). He mentioned that McDonald's competing directly against Starbucks in the coffee market.
Word on the Street
Crude oil closes up 3.4% to $94.30. Adami still thinks oil goes lower and he was disappointed that Tesoro (TSO) didn't trade higher with oil.
Network Appliance (NTAP) tops second-quarter profits and guides third-quarter above Wall Street estimates.
Najarian noted unusual options activity inSavient Pharmaceuticals (SVNT).
Pops & Drops
Pops - E*TRADE (ETFC) traded up 11% after CEO Mitch Caplan told CNBC that the online brokerage firm isn't going bankrupt.
iShares FTSE/Xinhua China 25 Index (FXI) traded up 2% following the Asian market rally.
Ventana Medical (VMSI) traded up 6%
MetroPCS (PCS) traded up 10%
Gilead (GILD) trades up 2% after Stifel Nicholas raised their price target to $52
Drops - Wendy's (WEN) fell 3%
United Rentals (URI) plunged 30%
Blockbuster (BBI) fell 6%.
Time Warner (TWX) fell 4% after a large block trade crossed the tape.
Disney (DIS) fell 4%
Final Trade
Macke suggests getting long the Dow30 Short Proshares (DOG) for a trade.
Adami and Najarian like EMC (EMC) off of Network Appliance's (NTAP) earnings.
Finerman likes American Eagle Outfitters (AEO) kon valuation.
Labels: AAPL, CNBC, CNBC's Fast Money, DAL, Fast Money, HON, kalu, LULU, RIMM, UAUA
posted by Stock Administrator @ 10:08 AM
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