Wall Street Addict

Fast Money reviewed the effects the rate cut had on the stock market this past week. Najarian believes the Fed has eased the concerns on Wall Street with the rate cuts. Finerman feels that the fear from the credit scares and hedge fund blow ups has been lifted. Macke thinks inflation fears, which are longer term, replaced the credit fears. Macke recommends getting out of the dollar and spend instead. Macke's picks retailers like Best Buy (BBY), GameStop (GME) and J. Crew (JCG). Dennis Gartman joined the crew to discuss his take on the action in the commodities markets. Gartman declares that if you want to own gold, soybeans, oil and steel, "own all the things that would hurt if you dropped them on your foot." Najarian's Tech Picking: Oracle (ORCL), Intel (INTC), and Apple (AAPL). He also picked Texas Instruments (TXN) and Google (GOOG), after it traded at its record high on Friday.On Friday news broke that KKR and Goldman pulled out of a deal to buyout Harman (HAR) for $8 billion. Jim Cramer said "we will have many more blowups in the next few weeks like Harman." Finerman: Genesco (GCO). Najirian: United Rentals (URI).Fall Trade: Media Reporter Julia Boorstin says ABC will benefit most, being controlled by Disney (DIS) and its upcoming fall lineup. She said that ads are moving online and networks are giving away their shows. She recommends General Electric (GE). Adami likes Google (GOOG).Adami recommends defense stocks and Ford (F) over GM, while Najirian recommends tech stocks like Intel Corporation (INTC) and Texas Instruments (TXN).
Fast Fire:
Finerman: Home Depot (HD)
Macke: General Motors (GM)Pops & Drops:Pops: Macke-AT&T (T), Blue Nile (NILE), and Oracle (ORCL), Finerman- NYSE Euronext (NYX) and Estee Lauder (EL), Najirian: Transocean (RIG), Adami: Cisco Systems (CSCO).Drops: Adami- FedEx (FDX), Brocade Communications (BRCD). Macke- Pool Corporation (POOL).Final Trade: Finerman- NYSE Euronext (NYX), Najarian- BJ Services (BJS), Macke- General Motors (GM)

Labels: AAPL, BBY, CNBC's Fast Money, GM, GME, GOOG, HD, INTC, NILE, NYX, ORCL, TXN, URI