Wall Street Addict

Washington Mutual (NYSE:WM) is now officially on sale, with potential acquirers including JP Morgan Chase (NYSE:JPM). The Short Term PowerRatings for WM and JPM are 5 and 4 respectively.
SanDisk (NasdaqGS:SNDK) is the target of an unsolicited takeover bid from Samsung Electronics. Samsung has offered $5.85 billion for the company. The Short Term PowerRating for SNDK is 4.
Among the best performing stocks were those related to gold and mining. Barrick Gold Corporation (NYSE:ABX) was up nearly 13% on the day. Newmont Mining Corporation (NYSE:NEM) gained more than 9%. The Short Term PowerRatings for ABX and NEM are both 3.
Reporting earnings Thursday morning before the market opens, FedEx (NYSE:FDX) is expected to announce earnings per share of $1.21. The Short Term PowerRating for FDX is 5.
Shares of Morgan Stanley (NYSE:MS) fell more than 27% on Wednesday despite beating analyst estimates by more than 50 cents after the close on Tuesday. The Short Term PowerRating for MS is 7.

Labels: ABX, FDX, JP Morgan Chase And Co., JPM, Morgan Stanley, MS, NEM, SNDK, Stocks to Watch, Washington Mutual, WM

The Dow finished 66 points into positive territory and the Nasdaq closed up 18 points. The technology sector and retail industry is getting a lot of attention as the holiday season is fast approaching. Technology stocks rebounded Friday after the worst week for the Nasdaq since April 2002. Najarian said this week was not that bad for technology. He highlighted Apple (AAPL), which started the week at $165 and finished the week at $165. Cisco Systems and Oracle (ORCL) both enjoyed a great week as well. Najarian suggested that as soon as Research in Motion (RIMM) hits China the stock will make a huge move.
Jim Goldman joined the show crew to discuss his take on Google entering the wireless space. Goldman says Google (GOOG) is going to make a play for the 700mhz spectrum being auctioned off by the FCC in January. Goldman speculates that this network could be worth $4.5 billion.
Henry Blodget caused speculation on Friday after posting on his blog that Microsoft (MSFT) should buy Yahoo! (YHOO) to gain market share in internet search. Finerman doesn't think the idea is outrageous. Macke also feels that Microsoft has plenty of cash to make the deal.
Hewlett-Packard (HPQ) and GameStop (GME) will report earnings next week. Adami loves Hewlett-Packard, but he is worried that expectations might be too high. The rest of the crew more or less agreed.
Najarian says look at the strong stock performance in companies that sell merchandise at Dick's Sporting Goods (DKS) like Under Armour (UA), Crocs (CROX), Nike (NKE) and Calloway (ELY). Macke agrees and said he would buy Dick's right now.
Wal-Mart (WMT) shines among a weak retail sector after posting a solid quarterly report.
FedEx's (FDX) lowered full-year outlook may be predicting an economic slowdown. Macke says FedEx is a legitimate economic indicator especially for the health of the consumer.
Consumer staples like Coca-Cola (KO), Altria (MO), Colgate (CL) and Procter & Gamble (PG) continue to show strength in a weak market. Adami favors Unilever (UL) at its 52-week high and is cheaper then Procter on valuation. Najarian likes Johnson & Johnson (JNJ) which Warren Buffett owns and Merck (MRK).
Crude oil closed at $95 as traders make another attempt at $100. Adami thinks crude is toppy, but Tesoro (TSO) is worth looking at in the mid-$50's. Najarian would prefer a solar stock play.
Pops & Drops
Pops - Cisco (CSCO) traded up 5% this week after announcing a $10 billion stock buyback.
Advanced Micro Devices (AMD) traded up 2% after the Abu Dhabi government took an 8.1% stake worth $622 million.
Lehman Brothers Holdings (LEH) traded up 7%.
Delta Airlines (DAL) traded up 21% after speculation that a merger with United Airlines (UAUA) could occur.
Corning (GLW) traded up 10% after raising their profit forecast for the fourth-quarter.
Garmin (GRMN) traded up 14%
Sotheby's (BID) traded up 16% after selling $316 million in contemporary art on Wednesday.
Crocs (CROX) traded up 10%
Final Trade
Macke feels positive about Dick's Sporting Goods (DKS).
Adami recommends Lazard (LAZ) for an M&A play.
Finerman would short Hovnanian Enterprises (HOV) because of its high debt levels.
Najarian favors DaVita (DVA)

Labels: AAPL, CL, CROX, DKS, ELY, Fast Money Recap, FDX, GME, GOOG, HPQ, JNJ, KO, MO, NKE, ORCL, RIMM, UA, UL, WMT, YHOO

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 StreetGoldman 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 & DROPSPOPS: 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).Face2FaceFirst 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 TradeMacke: 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: AAPL, AMD, ATHN, AZN, CELL, COP, CREE, FDX, FLR, GS, NKE, ORCL, PEIX, SKS, SLB, TIF, VMW

On Wednesday the Dow closed up 76 points as the strength from the Fed rate cut continued to spill. Najarian: investors should look at the volatility in the S&P 500, which is moving back to normal. Reported unusual options activity on Cree (CREE). Could be being bought by General Electric (GE).Macke: market bears are instant messaging him with more short ideas than any other time in his most recent memory.Adami: Friday could be a funky day with options expiration on tap. He took a trip to the UPS Center in New York City to find out what is going on at the packaging giant. Adami likes United Parcel (UPS) for three reasons: international growth, energy hedging and union contracts. He also predicted that Fedex (FDX) will rally on Thursday and investors should sell into the strength.Emerging Markets Trade: The iShares MSCI Emerging Markets (EEM) hit a record high on Wednesday. Their stocks around the globe shot up after the Fed cut. Tim Seymour, of Red Star Asset Management suggests investors buy Tenaris (TS). Seymour recommended Vimpel-Communications (VIP), Mobile Telesystems (MBT) and Mechel OAO (MTL) as liquidity plays.Shoe Companies: Collective Brands (PSS) and Brown Shoe Company (BWS) have taken double digit hits. CEO of Payless and the company blamed the decline on weather and the increased demand for products out of competitor Crocs (CROX). Finerman hates when companies use weather as an excuse, but she thinks investors can buy PSS, BWS and Limited Brands (LTD).Goldman Sachs (GS): Dick Bove, an analyst for Punk Ziegel, is the only analyst on Wall Street who is telling investors to sell GS. GS holds are overvalued with $700 billion in securities. He thinks hedge fund trading business is declining.Word on the Street: TD Ameritrade (AMTD) and Najirian's pick: NASDAQ (NDAQ). Najarian sees no options activity in Oracle (ORCL) ahead of the quarter.Gartman: time to get out of Suncor (SU) and all his Canadian Tar Sands plays. Instead he would get into U.S. multi-nationals like ConocoPhillips (COP).Macke says you can buy Kellogg's (K), Kraft (KFT) and Safeway (SWY) off the strong General Mills (GIS) quarter.Pops & Drops:Pops: Countrywide Financial (CFC), Blackstone (BX), Fortress Investment Group, The Warnaco Group (WRNC)Drops- Carmax (KMX), Comcast (CMSCA), Sirius Satellite Radio (SIRI) and XM Radio (XMSR)Final TradeMacke-Oracle (ORCL)Adami- Goldman Sachs (GS)Najarian- Titanium Metals (TIE)Finerman- Play Victoria Secret with Limited Brands (LTD)

Labels: AMTD, CREE, CROX, EEM, fast money, FDX, GE, GS, KFT, MBT, PSS, TS, UPS, VIP, XMSR

Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Comtech Telecommunications (NasdaqGS:CMTL - News) beat earnings on Wednesday afternoon, announcing $0.63 EPS versus estimates of $0.44 EPS. CMTL's PowerRating (for Traders) is 5.
Morgan Stanley (NYSE:MS - News) fell over 2% on Wednesday after missing earnings, reporting a 7% decline in profit from last year. MS's PowerRating (for Traders) is 4.
Bear Stearns (NYSE:BSC - News) reports earnings on Thursday morning, with analysts looking for $1.78 EPS. BSC's PowerRating (for Traders) is 4.
When Carnival (NYSE:CCL - News) announces earnings on Thursday before the bell, be watching for $1.62 EPS. CCL's PowerRating (for Traders) is 4.
Circuit City NYSE:CC is expected to announce a loss of -$0.12 EPS on Thursday morning. CC's PowerRating (for Traders) is 2.
Analysts are watching for Goldman Sachs (NYSE:GS - News) to report $4.37 EPS tomorrow morning before the market opens. GS's PowerRating (for Traders) is 3.
FedEx (NYSE:FDX - News) reports earnings early tomorrow morning; watch for $1.53 EPS. FDX's PowerRating (for Traders) is 4.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: BSC, CCL, CMTL, FDX, GS, Hot Stocks, MS