Fast Money Recap Sept. 26th
Charlie Gasparino joined the "Fast Money" crew to discuss his take on the Bear Stearns (BSC) and rumos that Warren Buffett is part of a group of investors considering a 20% stake in BSC. He believes that Bear Stearns is going to be taken private. Guy Adami suggests that it makes no sense at all for Buffett to acquire Bear. According to Adami, Buffet's expertise is in value plays and Bear isn't a value play.
Najarian declares that all brokers are back in play and recommends buying Lehman (LEH). Finerman agrees.An American IcahnCarl Icahn: Wants to see BEA Systems (BEAS) sold. Motorola (MOT): Bullish on their risk rewards.GM On The Road Again General Motors (GM) ended its two-day strike after making a health care agreement with the United Auto Workers. This changes the tune for General Motors, according to Jeff Macke. He advises buying auto parts suppliers like Lear (LEA), Visteon (VC) and BorgWarner (BWA). Adami suggests looking at Ford (F). Najarian prefers Goodyear Tires (GT).No DealSallie Mae (SLM) made news on Wednesday as a private-equity group pulled out of a deal to buy it for $25.3 billion.
Macke: "stick a fork in it." Najarian disagrees and believes the deals are just being re-shifted down. Finerman isn't surprised the deal fell through. One potential deal that has her interest is Genesco (GCO).Tech RallyTechnology stock leaders are still shining Google (GOOG), Amazon (AMZN), Hewlett Packard (HP), Cisco (CSCO) and Apple (AAPL) with 52 week highs.Word on the StreetBed Bath & Beyond (BBBY): Macke advises selling.Monsanto (MON): Selling at twice its growth rate.Newmont Mining (NEM): Dropped 6%.
Pops & DropsPops: Deere (DE) traded up 3%. Pier One Imports (PIR) popped 11%. China BAK Battery (CBAK) exploded by 46%. Affiliated Managers Group (AMG) traded up 4%.
Drops: Under Armour (UA) fell 6%. Timberland (TBL) dropped 8%.Final TradeMacke: recommends selling Bear Stearns (BSC).Finerman: is positive that BEA Systems (BEAS) is going higher.
Najarian: top pick is Isis Pharmaceuticals (ISIS).Adami: prefers NYSE Euronext (NYX)
Labels: AAPL, AMZN, BBBY, BEAS, BWA, CNBC's Fast Money, CSCO, fast money, GCO, GM, GOOG, GT, HP, LEA, LEH, MOT, NYX, SLM





