Wall Street Addict

Research in Motion (NasdaqGS:RIMM) reports quarterly earnings Thursday after the market closes. Analysts are expecting EPS of 0.87. The Short Term PowerRating for RIMM is 5.
Standard and Poor's downgraded the credit rating of Washington Mutual (NYSE:WM) again on Wednesday. The stock was down more than 20% on the day. The Short Term PowerRating for WM is 4.
The biggest loser in the Dow industrials on Wednesday was American International Group (NYSE:AIG), which lost more than 29%. The Short Term PowerRating for AIG is 2.
Goldman Sachs (NYSE:GS) is getting a $5 billion investment from Warren Buffett's Berkshire Hathaway. The Short Term PowerRating for GS is 4.
Reporting earnings Thursday morning after the bell, Accenture (NYSE:ACN) is expected to announce earnings per share of 0.66. The Short Term PowerRating for ACN is 4.
Broadcom (NasdaqGS:BRCMrallied by more than 4% after a judge's ruling that Qualcomm (NasdaqGS:QCOM) had infringed on patents owned by Broadcom. The Short Term PowerRatings for BRCM and QCOM are both 6.

Labels: Accenture, ACN, AIG, American International Group, BRCM, Broadcom, Goldman Sachs Group Inc., GS, QCOM, Qualcomm, Research In Motion Ltd., RIMM, Stocks to Watch, Washington Mutual, WM

The Securities and Exchange Commission announced a preliminary inquiry into the bankruptcy rumor-fueled drop in shares of UAL Corporation (NasdaqGS:UAUA) according to a report from MarketWatch. The Short Term PowerRating for UAUA is 5.
General Motors (NYSE:GM) gained more than 11%, emerging as the Dow's biggest gainer on Thursday. The Short Term PowerRating for GM is 2.
The Wall Street Journal reported late in the day that Bank of America (NYSE:BAC) was in talks to buy Lehman Brothers Holdings (NYSE:LEH). The Short Term PowerRating for BAC is 5. The Short Term PowerRating for LEH is 6.
Up more than 10% on Thursday, CSX Corporation (NYSE:CSX), reached a three-day closing high after pulling back to oversold extremes on Tuesday. The Short Term PowerRating for CSX is 5.
Research in Motion (NasdaqGS:RIMM)announced a deal to use Microsoft's (NasdaqGS:MSFT) search engine on its popular Blackberry line of smartphones. The Short Term PowerRatings for RIMM and MSFT are both 4.
Source: Tradingmarkets.com

Labels: BAC, CSX, GM, LEH, MSFT, RIMM, Stocks to Watch, UAUA

Monsanto (NYSE:MON) reported second quarter earnings surged by 83% on 45% higher revenue than a year ago. MON's Short Term PowerRating is 6.
Profit fell much less than expected at Best Buy (NYSE:BBY), with earnings beating estimates by $0.06. BBY's Short Term PowerRating is 4.
CarMax (NYSE:KMX) reported a 48% decline in profit, missing estimates by $0.07. KMKX's Short Term PowerRating is 4.
The Wall Street Journal reported that National City (NYSE:NCC) is in talks to sell itself to rival KeyCorp (NYSE:KEY - News). NCC's Short Term PowerRating is 7.
After the close, Research In Motion (NasdaqGS:RIMM) reported earnings of $0.72 per share, versus estimates of $0.70. RIMM's Short Term PowerRating is 5.
And Micron Technology (NYSE:MU) missed estimates by $0.05. MU's Short Term PowerRating is 2.
Before the market open on Thursday, Constellation Brands (NYSE:STZ) is scheduled to report, with analysts looking for $0.25. STZ's Short Term PowerRating is 4.

Labels: BBY, Best Buy Inc., CarMax, Constellation Brands, KEY, KMX, MON, Monsanto, MU, NCC, Research in Motion, RIMM, Stocks to Watch, STZ

Research In Motion (NasdaqGS:RIMM - News) reported Q3 net income more than doubled, and raised its Q4 guidance above estimates.
Jabil Circuit (NYSE:JBL - News) reported a 50% rise in Q1 profit, and provided guidance for Q2 and FY08.
Cisco Systems (NasdaqGS:CSCO - News) announced that Chief Development Officer, Charles Giancarlo, is leaving the company to join Silver Lake Partners. Giancarlo was seen by many as a possible successor to John Chambers, the company's CEO.
Newmont Mining (NYSE:NEM - News) sold its royalty assets and certain other non-core investments to Franco-Nevada Corporation in a transaction valued at $1.3.
Sun Bancorp (NYSE:SNBC - News) announced a $1.1 billion share buyback.
Tibco Software (NasdaqGS:TIBX - News) Q4 profit declined, but on a non-GAAP basis, earnings rose from the year-ago.
KeyCorp (NYSE:KEY - News) announced a Q4 charge, but increased its dividend for the 43rd consecutive year.

Labels: CSCO, JBL, KEY, NEM, RIMM, SNBC, Stocks to Watch, TIBX

Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.
Bullish
Laps Down 5% or More: These are stocks that lap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that lap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Ctrip.com (NasdaqGS:CTRP - News). CTRP's PowerRating (for Traders) is 4.
5+ Consecutive Lower Lows: These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Skillsoft (NasdaqGM:SKIL - News). SKIL's PowerRating (for Traders) is 8.
Stocks Down 10% or More: These are stocks that have lost 10% or more over the past five days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that have lost 10% or more over the past five days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Research In Motion (NasdaqGS:RIMM - News). RIMM's PowerRating (for Traders) is 8.
Bearish
Laps Up 5% or More: These are stocks that lap up by 5% or more and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that lap up by more than 5% have shown negative returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Payless Shoe Sources (NYSE:PSS - News). PSS's PowerRating (for Traders) is 4.
5+ Consecutive Up Days: These are stocks that have closed up for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that close up for five or more days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Acadia Pharmaceuticals (NasdaqGM:ACAD - News). ACAD's PowerRating (for Traders) is 2.
5+ Consecutive Higher Highs: These are stocks that have made a higher high for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that make higher highs for five or more days have shown negative returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Finish Line (NasdaqGS:FINL - News). FINL's PowerRating (for Traders) is 2.
Stocks Up 10% or More: These are stocks that have gained 10% or more over the past five days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that have gained 10% or more over the past five days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Circuit City (NYSE:CC - News). CC's PowerRating (for Traders) is 2.
Published By TradingMarkets.com

Labels: ACAD, CC, CTRP, FINL, PSS, RIMM, SKIL, Stocks to Watch

An analyst downgraded shares of Research in Motion Ltd. Monday, citing a recent run-up in the stock's value and unknown impact the economy will have on a new product line.
Morgan Keegan analyst Tavis C. McCourt downgraded the BlackBerry maker to "Market Perform" or "Hold" from "Outperform" or "Buy."
While the share price has more than doubled since June 27 when the company posted a 73 percent jump in fiscal first-quarter profit, McCourt said current economic problems may affect sales of the company's 9000 product line and keep shares "range-bound."
McCourt also pointed to news from Research in Motion Co-Chief Executive Jim Balsillie that trouble in the financial sector is beginning to cause customer churn, and any layoffs in that sector could harm results. Churn rate is the number or percentage of customers who stopped service in the previous period.

Labels: Research In Motion Ltd., RIMM

Erin Burnett started the show today asking if CITI Group's decision to sell almost 5% of their company to the Arabs was such a good one. Also that crude oil is down about 3%. Steve Leisman says that focus is being taken off the weak dollar and on to the weak economy. Future plans are in effect for the improvement of consumers concern with the state of the economy and risk of recession. Abu Dhabi has paid over $7 B (The biggest purchase of an American Company buy a foreign) to make part of CITI. Arabs are looking for financials, homebuilders and hotels. Anything from actual buildings to stock equity sharing on the financial sector side are up for grabs. Sen. Chuck Schumer of New York shows concern for a continuing opportunity for American investments. As a democrat, free trade is not a top priority for him, and he wants to avoid building walls in between Americans and business buy giving power to foreign investors. The Arabs say they have no interest in board or managerial roles, only to play as a passivist support group who believes in the potential of American companies. David Weber says MasterCard (MA) and Research in Motion (RIMM) are his picks for the day. Next, there was the real estate market. David Blitzer of Standard and Poor's says that prices are driving foreclosures, resulting in a 524,000 fewer jobs and $6.6 billion lost in taxes. Also that a mass amount of foreclosures are driving the prices of surrounding homes down. The worst hit is New York at a loss of over $10 B. You can keep updated by visiting; realtycheck.cnbc.com. Next, Russia will be electing a parliament on Sunday, Dec 2nd. Julian Mayo of U.S Global Investors Eastern Europe Fund says that increased certainty is acknowledged for the outcome, being in supporters of Vladmir Putin's favor. The Russian market is leading the world. Utilities and Telecomm are the top performers in Russia. An update for CITI Group says that the company has not closed off opportunities for foreign purchase and investment. Rick Santelli of CNBC says that apparently CITI is looking for more than $7.5 B. and a loss of ownership by more than 5%. David Faber of CNBC says that raising capital will be the main concern for financial institutions as a result of CITI's decisions. More write-downs to come for consumers, and more capital to be raised will likely come from Arab investors and foreign petroleum dollars. Jim Cramer with Stop Trading was next. American International Group (AIG), and JP Morgan (JPM) are among his choices for likely candidates for middle eastern investors. He says that more capital for the corporations should be a positive thing for consumers. Jim Goldman of CNBC says that Verizon (VZ) announced that they will promote unrestricted access. This makes Verizon a much stronger competitor in the future. With 64M wireless customers in the U.S, Verizon will cause even more problems for companies such as Sprint and Nextel.

Labels: Abu Dhabi, AIG, Citigroup Inc., CNBC, CNBC's Stop Trading, Erin Burnett, Jim Cramer, Jim Cramer's Stop Trading, JPM, MA, RIMM, Sprint Nextel, Street Signs, street signs recap, VZ

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

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
Biogen Idec Jan 85 Calls (NasdaqGS:BIIB - News). BIIB's PowerRating (for Traders) is 6.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
sina.com Dec 45 Puts (NYSE:SINA - News). SINA's PowerRating (for Traders) is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Research in Motion Dec 135 Calls (NasdaqGS:RIMM - News). RIMM's PowerRating (for Traders) is 7.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
MBIA Inc. Dec 185 Puts (NYSE:MBI - News). MBI's PowerRating (for Traders) is 3.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
United Rentals (NYSE:URI - News). URI's PowerRating (for Traders) is 7.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Borders Group (NYSE:BGP - News). BGP's PowerRating (for Traders) is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Krispy Kreme Doughnuts (NYSE:KKD - News). KKD's PowerRating (for Traders) is 4.

Labels: BGP, BIIB, KKD, MBI, RIMM, SINA, Stock Options, URI

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
Biogen Idec Jan 85 Calls (NasdaqGS:BIIB - News). BIIB's PowerRating (for Traders) is 6.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
sina.com Dec 45 Puts (NYSE:SINA - News). SINA's PowerRating (for Traders) is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Research in Motion Dec 135 Calls (NasdaqGS:RIMM - News). RIMM's PowerRating (for Traders) is 7.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
MBIA Inc. Dec 185 Puts (NYSE:MBI - News). MBI's PowerRating (for Traders) is 3.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
United Rentals (NYSE:URI - News). URI's PowerRating (for Traders) is 7.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Borders Group (NYSE:BGP - News). BGP's PowerRating (for Traders) is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Krispy Kreme Doughnuts (NYSE:KKD - News). KKD's PowerRating (for Traders) is 4.
Published by TradingMarkets.com

Labels: BGP, BIIB, Hot Stock Options, KKD, MBI, RIMM, SINA, URI

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.

Labels: AAPL, CNBC, CNBC's Fast Money, DAL, ETFC, fast money, GE, HON, kalu, LULU, RIMM, UAUA

Dennis Gartman, author of The Gartman Letter, joined the show to discuss his take on the dollar, which he predicted last Friday was due for a bounce. The dollar had its biggest one day reversal in a year on Monday. He also noted that in the last 4 days the U.S. dollar had the biggest rally versus the Canadian dollar that he has seen in his life. He also wouldn't be surprised to see gold fall another $40. Also, Gartman is looking for oil to fall $10-$15 before Thanksgiving.
Merrill Lynch economist David Rosenberg said on Monday that the last time he's seen a drop in consumer confidence to this degree during the Holiday season; the economy was in a recession. Macke thinks the Tuesday earnings reports from Home Depot (HD) and Wal-Mart (WMT) will be horrific. The only retailer he expects a good earnings report from is Kohl's (KSS) and his wild card is Macy's (M). He would get long Costco (COST) and Target (TGT). Adami thinks a trade is setting up for Coldwater Creek (CWTR), which he mentions has a very high short interest.
E*Trade (ETFC) lost 60% of its value Monday on concerns over the companies loan portfolio. Finerman thinks the most clear trade is to be long TD Ameritrade Holding (AMTD). Finerman sees opportunity for TD Ameritrade to steal E*Trade clients with all the problems they're having. She also likes Charles Schwab (SCHW).
IBM (IBM) bought Cognos (COGN) for $5 billion and Fortune Brands (FO) sold its wine business to Constellation Brands (STZ) for $885 million. Adami declares United States Steel (X) will be the next company to be taken over.
Word on the Street
Technology stocks continued to slide Monday with leaders like Google (GOOG) dropping 5%, Apple (AAPL) dropping 7% and Research In Motion (RIMM) dropping 9%. Adami likes Hewlett Packard (HPQ) ahead of next Monday's earnings report.
Rio Tinto (RTP) hits a record high after BHP Billiton (BHP) laid out the details for its $140 billion all-share offer.
Adami says the big pharmaceutical story is not fiction and Merck (MRK) is for real. He also loves defense play Johnson & Johnson (JNJ). Macke agrees with Adami and that right now is a good time to be long Merck, Procter & Gamble (PG), Pfizer (PFE) and Church & Dwight (CHD) for a defensive portfolio. Najarian wants to keep an eye on Eli Lilly (LLY).
Pops & Drops
Pops - Cisco Systems (CSCO) traded up 2% on Monday as the market declined.
Mattel (MAT) traded up 4% off a JPMorgan upgrade.
Starwood (HOT) traded up 2%
Washington Mutual (WM) traded up 1% as the financial stocks mounted a rally on Monday.
American Airlines (AMR), US Airways (LCC) and Delta (DAL) all traded up more than 5% as oil prices declined.
Starbucks (SBUX) traded up 3%.
Drops - Freeport McMoRan (FCX) fell 10% as commodity stocks were hit off the dollar rally.
Tyson Foods (TSN) fell 3% after cutting its 2008 forecast.
Sotheby's (BID) fell 2%.
Mosaic (MOS) fell 14% off the dollar rally.
Final Trade
Macke likes defensive play Procter & Gamble (PG).
Adami recommends Cisco Systems (CSCO).
Finerman and Najarian both picked TD Ameritrade Holding (AMTD).

Labels: AAPL, AMTD, CNBC, CNBC's Fast Money, COST, CWTR, dennis gartman, ETFC, fast money, Fast Money Recap, GOOG, HD, HPQ, JNJ, KSS, MRK, PFE, RIMM, TGT, WMT

Financials: Washington Mutual (WM) fell 16% on Wednesday after reporting that credit losses for the year could be as much as $2.9 billion. Adami concedes Goldman Sachs (GS) could trade down to $205 and that is where investors should look to buy it. Finerman likes Goldman and is currently long the company and short Lehman Brothers Holdings (LEH) and Merrill Lynch (MER). Najarian recommends State Street (STT). Morgan Stanley (MS) took a $3.7 billion write-down for the fourth-quarter.
Crude oil hit another record high on Wednesday trading up to $98.62. Addison Armstrong, Director of Market Research at Tradition Energy joined the show and said the long term trend is still bullish for oil. He sees that oil demand is strong and supply is very tight and the oil markets have zero margin for error right now. Najarian mentions the largest oil trader on the New York Mercantile Exchange told him that oil is the new currency and it's going to $150.
Consumer Trade
Same-store sales are set to be released for some of the biggest retailers on Thursday. Finerman likes that expectations are low and she still owns Wal-Mart (WMT) Adami declares the only way to play the retailers is with MasterCard (MA).
Word on the Street
American International Group (AIG) falls 3% after hours on a 27% drop in third quarter profits. Cisco Systems (CSCO) falls 9% after hours despite a 37% rise in first quarter profits. Research In Motion (RIMM) and Amazon (AMZN) bucked the market weakness to close higher on Wednesday. Adami mentions that Citigroup upgraded Allstate (ALL) and he would own it here for a trade, and stop out at $50. First Solar (FSLR) explodes up 22% after hours on a blowout quarter.
Pops & Drops
Pops - Potash (POT) traded up 2%.
Onyx Pharmaceuticals (ONXX) exploded up 18% after the drug company posted a third quarter profit.
DirectTV (DTV) traded up 3% after subscribers grew by 400,000.
TurboChef Technologies (OVEN) traded up 9% after the oven maker reported a smaller loss.
Drops - Fannie Mae (FNM) fell 10%
Ford Motor (F) fell 5% in front of earnings set for Thursday.
Yahoo (YHOO) fell 8% after Alibaba.com fell 17%.
Capital One (COF) fell 16% after warning on credit losses.
Fluor (FLR) fell 6% after missing Wall Street estimates.
Final Trade
Seymour thinks its payday with Gold Fields (GFI).
Adami's play is Short Dow30 Proshares (DOG).
Finerman still recommends being long Goldman Sachs (GS) and short Lehman Brothers (LEH).
Najarian likes green play Evergreen Solar (ESLR).

Labels: AIG, ALL, AMZN, CSCO, DTV, Fast Money Recap, FSLR, GS, LEH, MA, MER, MS, ONXX, OVEN, POT, RIMM, STT, WM, WMT

Crude oil closed at another record high at $97.10 and finally finished Tuesday at $96.70. Adami tells viewers they can play Valero (VLO) on valuation or go with Tesoro (TSO).
Finerman offers EnergySolutions (ES) as an idea since it is scheduled to IPO next week. She would also consider Cameco (CCJ) but only with options. Najarian continues to favor Cypress Semiconductor (CY).
Auto Stocks
General Motors (GM) is set to report earnings Wednesday morning before the bell and Ford Motor (F) is set to report earnings on Friday before the bell. Adami likes Ford Motor. General Motors traded down 3% after hours on news that the company will take a $39 billion non-cash charge on financial assets in the mortgage arm. Macke says that Toyota Motor (TM), Honda Motor (HMC) and Hertz Global Holdings (HTZ) all lose from the continued improvements at Ford and General Motors.
Financials: Macke says we saw a counter trend rally on Tuesday and everything worked accept Citigroup (C) and the retailers. Goldman Sachs (GS) denies write-down speculation for the fourth time on Tuesday.
Google (GOOG) continues to surprise investors with news like the recent entry into the mobile handset market. Najarian thinks the trade is Focus Media Holding (FMCN), which is a China play that sells advertising space on mobile handsets. Google, Apple (AAPL), Intel (INTC), Cisco (CSCO) and Research In Motion (RIMM) all hit 52-week highs Tuesday. Yahoo (YHOO) shares took a hit Tuesday. Cisco Systems (CSCO) is set to report earnings Wednesday.
Adami thinks if the Fed is done cutting rates then Public Service Enterprise Group (PEG) will go lower and you can buy it in the low $80’s.
Pops & Drops
Pops- Archer Daniels Midland (ADM) traded up 7% on a strong profits report.
Jacobs Engineering Group (JEC) traded up 5% after profits rose 43%.
XM Satellite Radio (XMSR) traded up 12% on speculation that the merger with Sirius could get done by year end.
IndyMac Bancorp (IMB) traded up 10% after the CEO said the company would survive the mortgage blowup.
Church & Dwight (CHD) traded up 9% after posting a 34% jump in profits.
MasterCard (MA) traded up 7% after Deutsche Bank upgraded the stock and slapped a $250 price target on the credit card name.
Beazer Homes USA (BZH) trades up 10% after shareholders demand the CEO be fired.
Tenet Healthcare (THC) popped 22% as revenues per patient rose 8%.
Drops- NBTY (NTY) fell 5%.
Cooper Tire & Rubber (CTB) fell 14% as sales and profits missed estimates.
Molson Coors Brewing (TAP) fell 2% after third quarter profits fell amid charges.
Final Trade
Najarian recommends shorting MBIA (MBI).
Macke grabs buy tickets for Intel (INTC).
Adami picked Ford Motor (F).
Finerman advises shorting Lehman Brothers Holdings (LEH)

Labels: AAPL, CCJ, CNBC's Fast Money, CSCO, CY, F, Fast Money Recap, FMCN, GM, GOOG, GS, HMC, HTZ, INTC, PEG, RIMM, TM, TSO, VLO, YHOO

The Dow dropped 362 points and the Nasdaq fell 64 points Thursday, crushing the stock market. The Chairman & CEO of Merriman Curhan Ford & Co, Jonathan Merriman, joined the show to discuss stocks he feels have potential in the selloff. Merriman likes Smith & Wesson (SWHC) here and thinks it's a huge opportunity to buy the stock while it's low. Macke still likes video game stocks like Electronic Arts (ERTS) and Activision (ATVI). Adami recommends buying Aministaff (ASF). Finerman likes NYMEX (NMX) and Crocs (CROX). Merriman thinks she is very early to be buying CROX here. Najarian favors Manitowoc (MTW).
The founder and president of Seabreeze partner, Doug Kass, joined the show to give his take on the mortgage insurers. Kass thinks names like Ambac (ABK), PMI Group
(PMI) and MBIA (MBI) don't have enough capital to keep running. Kass also says his sources are telling him that Citigroup (C) will get rid of CEO Chuck Prince this weekend. Charlie Gasparino joined the show to discuss his take on the CEO turmoil at Citigroup and agrees with Kass and expects that Citigroup CEO, Chuck Prince, is about to get the axe.
Najarian feels that Bear Stearns (BSC) and Merrill Lynch (MER) would benefit the most from a management change. Finerman is long Goldman Sachs (GS) and short Merrill.
Word on the Street
Crude oil traded over $96 before selling off to close at $93. Adami was surprised that Exxon Mobil (XOM) didn't go lower on Thursday. He sees the valuation on Chevron (CVX) as compelling and there could be a buying opportunity in the stock. Tesoro (TSO) is another name to look at here.
Microsoft (MSFT) bucked the trend on Thursday and finished the day up. Macke still likes Hewlett-Packard (HPQ).
Las Vegas Sands (LVS) plunged 17% after hours on a bearish earnings report.
Pops & Drops
Pops- Investment Technology Group (ITG) traded up 2%.
United Therapeutics (UTHR) popped 38% higher after study results showed its inhaled-high blood drug.
Drops- Sprint Nextel (S) fell 3% after profits fell 73% in the third quarter.
Manitowoc (MTW) fell 11% off of concerns for the crane maker's backlog.
Garmin (GRMN) fell 7% on concerns over a bidding war with TomTom for Tele Atlas.
Target (TGT) fell 5%.
Face2Face
Cathy asked if Google, Apple (AAPL) and Research In Motion (RIMM) trying to beat each other for the highest share price? Macke says Apple and Research In Motion have split. He advised Cathy not to believe the hype on stock splits just buy less shares.
Scot from Virginia asked if Adami liked Fluor (FLR). Adami still likes Fluor and he feels the story is still intact.
Another writer asked what Finerman is going to do with BEA Systems (BEAS) with the Oracle (ORCL) deal off. Finerman thinks by the end of the day we will see a deal with Oracle and BEA Systems.
John said he owns some Dicks Sporting Goods (DKS) and knows Najarian likes them as well based partially on their sales of names like Under Armour (UA), Nike (NKE) and Crocs. He asked if the recent sell-off based on Croc's numbers and does this change your bullish sentiment on the company? Najarian tells John that even though there are some concerns for Dicks Sporting Goods, right now he still likes the company.
Final Trade
Macke would buy Electronic Arts (ERTS) on a dip.
Adami favors Intel (INTC).
Finerman prefers Flowserve (FLS).
Najarian recommends buying Cypress Semiconductor (CY) for a solar play.

Labels: AAPL, ABK, ASF, BSC, CNBC, CROX, fast money, Fast Money Recap, HPQ, INTC, LVS, MBI, MSFT, MTW, NMX, PMI, RIMM, SWHC, XOM

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
NYMEX Holdings Dec 150 Calls (NYSE:NMX - News). NMX's PowerRating (for Traders) is 5.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
Google Dec 600 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Research in Motion Dec 145 Calls (NasdaqGS:RIMM - News). RIMM's PowerRating (for Traders) is 7.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
CME Group Nov 560 Puts (NYSE:CME - News). CME's PowerRating (for Traders) is 6.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Weyerhaeuser (NYSE:WY - News). WY's PowerRating (for Traders) is 5.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
PNC Financial Services (NYSE:PNC - News). PNC's PowerRating (for Traders) is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Constellation Energy Group (NYSE:CEG - News). CEG's PowerRating (for Traders) is 6.
Published by TradingMarkets.com

Labels: CEG, CME, GOOG, NMX, PNC, RIMM, Stock Options, WY

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
SherwinWilliams Dec 75 Calls (NYSE:SHW - News). SHW's PowerRating (for Traders) is 5.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
Google Dec 590 Puts (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 4.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Research in Motion Dec 145 Calls (NasdaqGS:RIMM - News). RIMM's PowerRating (for Traders) is 6.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among th