Posted: August 16th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
The bloodbath continues as today the S&P 500 has just gotten into the red. Jeff Macke says that you should sell until you can sleep because this is a real problem. Guy Adami says there is a lot more downside. Time Seymour, the Ambassador says that stocks will still suffer. Pete Najarian says the volatility index hit 31 and the put activity in Countrywide Financial (CFC) was insane and he is short CFC.
Financial Trade:
Guy Adami points out that Buffet bought Bank of America (BAC) and there may be some value in financials. But Macke points out there hasn’t been reductions in earnings yet and Goldman Sachs (GS) with a PE of 8 is wrong and needs to be reevaluated.
Tim Seymour was actually buying something but says that a dollar play would help you. Seymour says that you should look into ETFs FXC which is a Canadian dollar ETF.
But Jeff Macke says just sell it. Sell it. It sounds very scary now.
Deere (DE) – is running up; part of the agriculture trade. Guy says there is opportunity but it is a tricky market right now.
Hewlett Packard (HPQ) Trade – There is a lot of optimism and Jim Goldman, CNBC’s Silcon Valley Bureau Chief says he owns this and that cost cutting and operating margins may move Hewlett Packard but it will all depend on outlook.
The Materials and Finance sectors were the worst performing. But materials were a huge surprise but Tim Seymour said that all the trends are challenged but not out. Guy Adami says there is a capitulation so there may be a buying opportunity soon. US Steel (X) went from $127 now trading at $80. Jeff Macke says that all the trades were crowded and all the funds were dropping it and everything else. He says don’t confuse the stock with the market meaning that the stock is good. 20 to 1 put to call ratio in materials according to Najarian.
China Mobile (CHL) – all the traders says that it’s a good trade because mobile markets are still growing. Guy Adami says there is still more growth and says it’s a great place to park your money. Tim Seymour says mobile is the best emerging market play!
PetSmart (PETM) beat the market and the CEO says that they are riding the wave of the “humanization” of pets along with services that differentiate themselves. Macke, Najarian, Adami, and Seymour all say it’s a good buy.
DROPS
Lehman (LEH) – Adami says sell
Emerging Market ETF (EEM) – Seymour says Short
AMR Corp (AMR) – Najarian says it’s going lower
KKR Financial (KFN) – Mortgage exposure – Adami says it’s a pop tomorrow though.
Crocs (CROX) – Seymour says it’s not right for men not from Sweden to wear clogs so it’s a sell. A little humor in the insanity.
POPS
Thornburg Mortgage (TMA) – Najarian says it’s a fake pop – we’ll see.
H.J. Heinz (HNZ) – Seymour says it’s a buy – Note Nelson Petz has a position
VMWare (VMW) – Adami says don’t chase it but watch it.
New York Times (NYT) – Macke says still a sell.
Final Trade:
Jeff Macke says don’t buy anything.
Najarian Short Etrade Financial (ETFC)
Adami buy more DOG
Seymour says buy MBT
Countrywide Financial, CFC, Goldman Sachs, GS, Hewlett Packard, HPQ, Deere, DE, US Steel, X, China Mobile, CHL, China Unicom, CHU, Thornburg Mortgage, TMA, H.J. Heinz, HNZ, VMWare, VMW, New York Times, NYT, Crocs, CROX, KKR Financial, KFN, AMR Corp, AMR, Emerging Market ETF, EEM, Lehman, LEH, PetSmart, PETM, Etrade Financial, ETFC
Posted: August 14th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
Fast Money trader back on Monday. All of the traders seemed a little bearish due to the lack of volume and the lack of movement. Eric Bolling was the only one who said there was some bottom in financials like Goldman Sachs (GS) and Lehman (LEH), while everyone else Pete Najarian, Guy Adami, and Jeff Macke says they all are getting a little bearish especially when Goldman Sachs had to pump in 3 billion to shore up a fund of theirs.
Lexmark (LXK) – Pete Najarian says that there was lots of call options activity suggesting bottom.
Japanese Yen (FXY) Eric Bolling says the yen carry trade is unwinding.
Office Depot (ODP)- Najarian notes Office Depot Oct 25 calls moving suggesting that it’s bottoming. Keep an eye on it.
Blackstone Group (BX) had great earnings but most of the traders are skeptical but in the conference call it’s worth noting that they say some private equity players are falling out because they outbid them for many deals. Najarian says it’s close to being a buy.
VMWare (VMW) – IPO is tomorrow and Adami is “giddy” about own EMC (EMC) is a great company and they are doubling revenue. Macke and Najarian owns EMC and Bolling says yes too. They all AGREE! Buy EMC. Disclosure: I already own EMC options.
WalMart (WMT) – Macke says it’ll suck in terms of a conference call. Macke says buy Target (TGT) and Costco (COST) instead. Najarian says stay the heck away from Home Depot (HD).
Sysco Corp (SYY) CEO Richard J. Schnieders was on the show. It’s a food distributor around the US. Jeff Macke and Pete Najarian like it. Guy Adami says it’s a volatile stock. Eric Bolling says sell this stock because it doesn’t have international exposure.
Starbucks (SBUX) – A long according to Najarian and Bolling. Macke says buy Whole Foods (WFMI) instead.
POPS & DROPS:
Pops: Sprint (S) after carrying new RAZR 2 – Guy Adami thinks the stock might have turned – BUY, Alcoa (AA) - Eric Bolling likes this stock. Usec (USU) – Macke says sell but Bolling says there are buyout rumors. American Axle (AXL) – Guy Adami likes this stock. Polo Ralph Lauren (RL) – Jeff Macke says sell RL and buy Coach. ValueClick (VCLK) after JPM upgrade. – Eric Bolling says buy VCLK on a dip. Computer Sciences (CSC) on no news – Eric Bolling says sell Discover Financial Services (DFS) – Guy Adami says he likes American Express and Mastercard better.
DROPS: Countrywide Financial (CFC) – Pete Najarian thinks this stock will continue to drop. TiVo (TIVO) – Jeff Macke says avoid this stock. Martha Stewart Living (MSO). – Jeff Macke recommends Martha end her relationship with Sears. DeVry (DV) after missing revenues. Briggs & Stratton (BGG) after downgrade – Guy Adami says sell because of “atrocious” earnings Steak n Shake (SNS) hit a four year low and the CEO quit – enough said – A sell!
WEB Extra:
Accredited Lending (LEND) and First Data (FDC) deals may fall apart. First Data was bought out for $35 but Najarian saw a huge put volume suggesting that the deal may fall apart.
Eric Bolling say there is weakness in oil so stay away but it should trader between the tight range of $65 and $99…good job Eric! (sarcasm)
FINAL TRADE:
Jeff Macke buy the Retail HOLDRS (RTH) for a very fast trade.
Pete Najarian recommends shorting Countrywide Financial (CFC).
Guy Adami prefers to get short buying the Short Dow30 Proshares (DOG).
Eric Bolling likes streetTRACKS Gold Trust (GLD).
Posted: August 11th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
OPENING COMMENTS:
Guy Adami says that the down is still going to 12750 but it’s a healthy correction. Jeff Macke on the other hand said that he was just a little skeptical about he transparency in the financial market. Tim Seymour said that the 38 billion pumped in by the Fed suggested that the Fed is supportive of the environment. Adami then later that earnings were solid and in the end it’ll be ok. Pete Najarian says that for two more weeks there will be wild volatility and he owns VIX, volatility options.
FINANCIALS:
Tim Seymour says Countrywide, CFC was having problems selling their good loans so it was a sign that right now, there is a lot of uncertainty in terms of valuing. Adami recommends American Express, AXP because of insider buying.
TECH TRADES:
Najarian says that you should keep your eye on Ebay, EBAY and Yahoo, YHOO. Macke says that techs may be too crowded now but still the best to be.
STEEL TRADE:
Tim Seymour recommends US Steel, X because there is growth and it’s in a consolidating industry meaning BUYOUT! Adami recommends gold, GLD – which is a Gold ETF. AngloGold, AU and Ivanhoe Mines, IVN, should be interesting due to options activity according to Najarian.
RETAIL TRADE:
Jeff Macke says stay away from Walmart, WMT and Home Depot, HD and go with Costco, COST and Target, TGT on any dip.
Potash TRADE:
Chief Executive William Doyle of Potash Corp, POT was on the show and suggest that the AGU play or the agriculture play was still strong and globally as well. All the trader except Macke say this is a buy. Macke seems to be skiddish about everything though. BUY they say. BUY.
POPS AND DROPS:
POPS: CME (CME) – Pete Najarian buy because of volume.
DROPS: Apple (AAPL) – Jeff Macke believes if the stock breaks $121 it is going down to $100. Lockheed Martin (LMT) – Guy Adami says at $90 the stock is a buy. Tiffany (TIF) – Jeff Macke says buy Blue Nile (NILE) instead. Molson Coors (TAP) – Guy Adami it’s a good time to buy.
OIL TRADE:
Although gas dropped to $70 from approaching $80, Tim Seymour says that it’s a buying opportunity because the demand is still there.
FINAL TRADE:
Jeff Macke likes Callaway Golf (ELY). Pete Najarian prefers Ivanhoe Mines (IVN). Guy Adami says Hilton (HLT) is a buy. Tim Seymour recommends US Steel (X).
Disclosure: Macke Owns (INTC), Najarian Owns (GS), CBOE Volatility Index (.VIX) Options; Seymour Owns (AAPL), (BX), (GLD), (SBUX), (X), (BBD) Seymour Owns Bank VTB OAO
Posted: August 10th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
All the traders were calm except for Jeff Macke. Eric Bolling said it’s good for the long hall but also pointed out that the BNP Paribas and Goldman Sachs, GS lied about their loan exposure.
As for cutting rates, the market is pricing in an expect cut in September and Macke agreed with Najarian that they shouldn’t cut yet to keep ammo for a bigger disaster.
Everyone says to sell Home Depot, HD because they can’t buy back stock because they can’t sell Home Depot Supply.
Nvidia, NVDA jumps after hours after destorying earnings and Guy Adami reiterated that it’s a buy still but a little expensive.
Cypress Semiconductor, CY – Daniel Loeb – Activist took a position and Najarian owns it as well as another semicondocutor American Seminconductor, AMSC
Water Trade: Edison International, EIX and SJW Corp., SJW was recommended by Eric Bolling as a water trade because of exposure in California.
TECH TRADE: All the traders says buy Tech! Macke owns Intel, INTC. Najarian suggested Micron, MU, Cisco, CSCO, Priceline, PCLN, while Yahoo, YHOO and Ebay, EBAY saw a lot of options buying. While Eric Bolling says by Technology Sector ETF, XLF.
PHARMA TRADE: Pete Najarian says Pharma is good but not bulletproof and suggested Wyeth (WYE), GlaxoSmithKline (GSK)Eli Lilly (LLY). But he said two bulletproof ones are Myriad Genetics (MYGN) or Amylin Pharmaceuticals (AMLN. Guy Adami say buy GlaxoSmithKline, GSK.
and
SHORT TRADE: Macke says short Sony, SNE and Home Depot, HD. Eric Bolling says that you should use ETFs for protection like UltraShort S&P 500 ProShares ETF (SDS) and UltraShort QQQ ProShares ETF (QID). He also suggested buying the CurrencyShares Japanese Yen Trust (FXY) for the carry trade.
INTERVIEW WITH A BEAR:
Dennis Gartman is editor and publisher of The Gartman Letter – a newsletter that Eric Bolling calls a “must-read”. Gartman basically said that the subprime problem is not going to end soon with most of the resets of the rates and it’ll be 6-12 months for the any recovery. He is short financials through Financial Select Sector, XLF
WHALE TRADE:
The whale was Warren Buffet and Eric Bolling says his annual letter is must read as well.
Guy Adami explained the five criteria for Buffet’s value style:
- $5 – $20 billion range
- consistent earnings power
- earning good returns on equity
- little or not debt
- simple businesses
Pete Najarian says investors should buy Johnson and Johnson (JNJ) and Coke (KO) like Warren.
WEB SPECIAL:
Metals fall and Bolling says don’t buy until the money goes out. He took a spill on these steep drops.
Macy’s, M and Dillards, DSS fall became of lack of buyout premiums and says that they are sells.
POPS AND DROPS:
DROPS: Family Dollar, FDO – Macke says sell, Americredi, ACF – Adami says sell bad credit, Nike, NKE -Macke says it’s still good, Snap-On, SNA – no comment, BJ Wholesale, BJ – Macke says buy Costco, COST instead.
POP: Vonage, VG – Bolling says sell, Hovananian Enterprise, HOV – Bolling says sell on strength, Skechers, SKX – Najarians says buy Nike instead, Fleetwood, FLE – says it’s madness
FINAL TRADES:
Jeff Macke likes Berkshire Hathaway (BRK) but notes the last two Fridays were horrible so watch out.
Pete Najarian recommends NASDAQ (NDAQ) for its record volume.
Guy Adami pitches GlaxoSmithKline (GSK)
Eric Bolling pitches Hewlett Packard (HPQ).
Posted: August 9th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
The traders were right again. Cisco (CSCO) rocked. Coca-Cola (KO) hits a 52 week hit too.
Blacksone, BX closes it’s $22 billion dollar fund which suggest there is still a lot of money out there. Liquidity is back baby? Or is it.
Buffet buys more railroad with added positions in Burlington Northern Sante Fe, BNI!
Pharm Trade: Pete Najarian recommends
Exchange Trade: Nymex, NMX rumors still going because Eric Bolling who works there says they are moving for sure.
Nvidia, NVDA – Guy Adami says it’s still a stock to own and Najarian says 4 to 1 call to put ratio suggesting there will be good earnings.
EchoStar Communications, DISH – breaks it’s trend and Bolling says it’s a sell. Jeff Macke agrees with that due to higher cost.
Jack In The Box, JBX gets killed after disappointing guidance dropping about 10%. Jeff Macke says stay away.
CHINA TRADE WITH MELISSA LEE (I don’t think Melissa is Chinese though)
On the infrastructure play, Melissa says Caterpillar, CAT expects to triple sales by 2010! She adds that Marriott, MAR will benefit with 2800 additional rooms for the Bejing Olympics.
Adami says own China Mobile (CHL) and PetroChina (PTR)until the start of the Olympics while Eric Bolling recommends buying the iShares FTSE/Xinhua China 25 Index, FXI because it gives you broad exposure. Pete Najarian likes 51job Inc., JOBS which is the biggest job site in China.
Bristol-Myers, BMY and Medarex, MEDX on suspected melanoma cure which Eric Bolling doubts but Najarian owns BMY on options activity.
LUXURY TRADE:
Polo Ralph Lauren, RL missed earnings and dips but Jeff Macke says buy Tiffany & Co, TIF and Saks, SKS on the dip as well as Coach, COH. But avoid Claiborne, LIZ and Jones Apparel, JNY.
ICAHN TRADE:
Traders says that Icahn misses but Jeff Macke says it’s just points out stocks to watch. Bolling says he doesn’t understand why he doesn’t understand Motorola, MOT position but says the Kraft, KFT which has Petz and Icahn is in makes it an interesting trade.
AGU PLAY:
Agrium, AGU Chief Executive Michael Wilson came on the show to say the sector is on fire. All the trader agreed. Eric Bolling’s agricuture picks from March were Monsanto, MON, John Deere, DE, Bunge, BG and Agrium while Najarian adds Terra, TRA. Eric Bolling notes everytime you rotate crops you need Agrium so all the traders are supports of Agrium!
POPS AND DROPS:
POPS: Lehman Bros, LEH – Najarian says buy. Hansens Natural, HANS – Adami says buy. Amerc, UHAL – Bolling says sells though. Ford, F – Adami who has been loving Ford says it’s going to $10 on labor concessions. Beazer Homes, BZH jumps 25% – Bolling says selling opportunity but Bolling says buy Public Storage, PSA instead. Warner Music, WMG on buyout – Macke says sell. Priceline.com, PCLN – Najarian says buy
DROPS: Charming Shoppes, CHRS – Macke says becareful of retail. Leap Wireless, LEAP – Mackes says sell because of fast rate of customer loss. Lamar Advertising, LAMR – Adami says it’s a sell on weaker real estate and mortgage advertising.
CLEAN TECH TRADE:
American Superconductor, AMSC infrastrure play that keeps grids up to date and Najarian says call options are screaming something is happening before earnings.
FINAL TRADES: My DVR didn’t record it…sorry.
