Posted: August 8th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
Fast Summary:
Everyone loves Ben as the market added to yesterday’s rally to make it a 300 point rally.
Cisco (CSCO) rocks after hours and all the traders were right supporting it yesterday. Guy Adami says you have to own it but don’t chase right now.
Google (GOOG) is at a great technical island according to Eric Bolling a $513 and the stop is on $509. There is huge upside according to Bolling.
Apple (APPL) – Pete Najarian says with the new iMac with the high margins is a buy while Jeff Macke, the lone wolf disagrees.
American Internation Group (AIG) – Guy Adami says it’s too risky until you have clarity and the other traders agrees because no one is sure if they have sub prime exposure or not.
Myraid Genetics (MYGN) – Najarian says there was movement in MYGN options because Myriad Genetics has a potential blockbuster Alzheimer’s treatment in the works and Najarian says it could go to $70. It’s currently at $43.
Wynn Resorts (WYNN) – With possible Japan deal, may further going up according to Bolling. He recommends Penn National Gaming (PENN) as well while Pete Najarian likes Playboy (PLA) for their Macao exposure.
House Trade:
Guy Adami recommends Fluor Corp. (FLR) and McDermott (MDR). Eric Bolling is pitching the engineer infrastructure such as Jacobs Engineering (JEC) and Bucyrus International (BUCY) (Bucyrus is an interesting one because I haven’t heard of this. May do an article on it) while Pete Najarian thinks that Thornburg Mortgage, Inc (TMA) may be the next short according to put to calls options ratio 9 to 1!
Bargain Stocks:
Jeff Macke pitches Jos A Banks (JOSB) and Target (TGT) as a trades on weakness but a long term investment he pitches his favorite Costco (COST). Eric Bolling agrees.
Ecommerce Trade:
Priceline.com (PCLN) jumps after hours and continues to reflect how the internet is rocking! The CEO, Jeffrey Boyd says they are making money because all their cost were spent before and are now fixed so their expenses are low low low. Good point Chief! Bolling recommends Ctri.com (CTRP) which is the Chinese version of Priceline. CTRP article coming!
Steve Cohen Trade:
Steven Cohen is head of SAC Capital in Greenwhich, Connecticut and one of the most famous head fund managers. I need to do a piece on him for sure. Soon I promise. Just stay with me…I have a full time job. But the traders says watch out for Ameritrade (AMTD) and Take-Two Interactive (TTWO) which Cohen has positions.
STOCKS ON THE MOVE:
Interpublic (IPG) popped 15% based on Asian growth. More to come. In Asia, there is really a need for advertising. I’ve done some research on advertising there and it’s terrible.
Mentor (MNT) popped 17%. Strong sales of its new silicone breast implants helped the company’s full-year outlook again another beneficiary of the “I wanna look young” trade.
Urban Outfitters (URBN) jumps 10% and Guy Adami says good things are happening at URBN.
Blue Nile (NILE) popped 16% showing once again the traders were right again because they all said trade with it laste night.
Heelys, Inc. (HLYS) dropped 32% with it’s fad fading quick- Jeff Macke says get out (do I hear short idea?).
DreamWorks (DWA) dropped 9% and Paul Allen who I think is a terrible investor is selling but Guy Adami says the stock could be a buy, soon.
Dean Foods (DF) dropped 6% and Eric Bolling says stay out of this stock.
Clearwire (CLWR) dropped 15% on higher loss but mostly on larger expenses on build out but Eric Bolling says own this company.
Buyout Trade:
New York Mercantile Exchange (NMX) is in negotiations with New York Stock Exchange (NYSE) but Eric Bolling says a deal will be done and Guy Adami says before Labor Day while Najarian says there’s lot of options active for the August 150 Calls which expires in two weeks! (I am long NMX) while Najarian and Bolling owns it too. Read my previous NMX buyout article.
Final Trade:
Jeff Macke recommends getting long Target (TGT).
Pete Najarian says jump on Juniper (JNPR) to ride the Cisco run.
Guy Adami prefers Micron (MU) for RAM pricing.
Eric Bolling likes Google (GOOG) as a technical trade.
Posted: August 7th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
Eric Bolling comes back from vacation and the market is about 7-8 points higher. After a massive drop and the massive rally, the market is about even. But Jeff Macke and Jon Najarian was right no their support of the Financials. But many of the regional banks rose like mad, many of them plus 5% each. Oil drops 5% and the dollar rallies from a bottom but Eric Bolling said that oil is still a long term buy perhaps a few dollars lower. So any oil stocks may drop a little more because it’s a crowded trade saying that hedge funds are taking profits because it’s overowned.
Also Tim Seymour and Eric Bolling said buy gold. While Guy Adami and Jeff Macke says buy Cisco (CSCO) before and after earnings.
Water Trade: With water infrastructure deteriorating, Bolling says buy Suez (SZE) and Veolia Environnement (VE)
Berkshire Hathaway (BKA) rises with earnings but compared with Apple (APPL), it’s slow money but both were considered buys. Adami says it has 46 billion in cash and you gotta trust the “old man.”
Macau Trade: With Wynn (WYNN) jumping 17% after hours by beating estimates by 100 million, Bolling pitches Melco PBL Entertainment Limited (MPEL).
Guy Adami says sell financials now because the Fed Meeting will result in a sell off. Pessimistic isn’t he? All the traders don’t expect a cut and most likely the meeting will be interpreted as negative.
Short List: Jeff Macke says short Sony (SNE) because he says “this company has nothing going right for it.” Eric Bolling recommends getting out of alternative energy companies. Guy Adami says to short Citigroup (C) if it gets up to $51 and right now it’s just above $48. Tim Seymour tells the panel to short the Financial Select Sector SPDR (XLF), Citigroup or Lehman (LEH) because he doesn’t feel “they’re out of the woods.” Tim recommends selling 1 month puts on Vimpel-Communications (VIP) 10% out of the money.
Dylan Ratigan says some traders might want to sell puts “10% out of the money.” He explains that’s simply an agreement in which investors must buy stock at a pre-set price, if it’s drops 10% below current levels.
Global Trade: Tim Seymour feels this is a good time to buy Brazil. He recommends buying Banco Bradesco (BBD), Banco Itau Holding Financeira (ITU), Petroleo Brasileiro (PBR).
KKR (Kravis Kolhbert Roberts) Trade: Eric Bolling recommends going to KKR’s website and checking out what companies they own. He suggests those companies might be smart investments for you, too. Jeff Macke says the trade is Sun Microsystems (SUNW) because KKR is in this company for the long term.
Blue Nile (NILE) – all the traders says it’s a buy especially it’s only 380 million of a 60 billion dollar market – more room to grow
Emerging Market Trade: Eric Bolling likes the iShares FTSE/Xinhua China 25 Index (FXI), iShares MSCI Brazil Index (EWZ) and iShares MSCI Emerging Markets Indx (EEM).
Final Trades: Jeff Macke recommends selling Goldman Sachs (GS). Guy Adami prefers buying Juniper (JNPR). Tim Seymour likes iShares MSCI Brazil Index (EWZ) as a momentum trade. Eric Bolling doesn’t have a stock pick, sorry.
DISCLOSURE: Macke Owns (ATVI), Seymour Owns (AAPL) (BX), (EEM), (EWZ), (EWT), (GLD), (ITU), (LEH), (MBT), (SSL): Red Star Asset Management Owns (EEM): Bolling (SZE), (VE), (MPEL), Owns Gold, Silver, Platinum, Copper, Bolling Is Short (FXI) But Bullish Long-Term,
Posted: August 5th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
Sorry for the late post folks. Had a busy weekend but here is your summary:
Well we received another slap in the face from the market with a HUGE drop! Most of the traders were a little alarmed and defensive. Eric Bolling was gone on his usual Friday off and Karen Finerman was in his place.
Most of the traders advised selling all banks and financials but Guy Adami says there’s one investment bank he’d actually buy right here — Morgan Stanley (MS) because of how cheap it has gotten on a valuation basis. But Doug Kass, founder and president of Seabreeze Management and a reputation for being accurate at predicting the market (if that is ever possible…ever heard of random market theory) is short “a bunch of financials” and said the warnings will come rolling in every every bank from here to Timbuktu’s!
Kass also added that “strong technical factors [have] combined with a fundamental problem to profoundly depress investor psychology. This is a perilous time for professionals and for individuals.” In conclusion, we are all SCARED AS HELL. (I’m just a little depressed watching my portfolio)
Jeff Macke, a.k.a. the lone wolf following in Cramer’s footsteps, was hoping that The Fed makes a surprise rate cut to calm the market on Tuesday. Jeff adds “Don’t short the financials” because the banks will rocket with any cut or even a hint. Can someone say premature ejaculation? Guy Adami and Karen Finerman was highly doubtful that The Fed will cut rates but thinks Bernanke will try to calm the market – I guess his job isn’t to provide more fuel to the bears.
The traders seem to be excited over Cisco Systems (CSCO) which comes out with earnings next Tuesday. If Ben Bernanke can’t do it, will Cisco save this market. Jon Najarian, Pete Najarian’s brother seconded that technology will drive the market out of it’s hole. Najarian recommended Juniper (JNPR) in addition to Cisco due to their contracts with AT&T (T). Adami also seconded that Cisco will save the market and said that was a long term buy while also recommending EMC Corp. (EMC), Sun Microsystems (SUNW) and Oracle (ORCL). (I own EMC Oct. Calls)
In their Pop and Drop section: Whole Foods (WFMI) popped 12% but Jeff Macke says this stock is a sell on the news. Apple (AAPL) dropped 8% after unconfirmed speculation about iPod production cuts which was disputed by suppliers but Guy Adami says the stock was due for a correction. I consider Apple’s a huge long term buy as it becomes more of an international growth company with the iPhone. Jones Soda (JSDA) dropped 19% after reporting earnings of a big goose egg after Starbucks dropped the soda however Jon Najarian says the stock is a buy at this level.
Although dropping 21% from her calls after a huge profit drop, Karen Finerman keep her support for Kaiser Aluminum (KALU) because she expects the company to benefit from airplane building. I think I may write about this company because it may eventually be a buyout candidate. Karen said her firm was taking a position in this as well!
Diabetes Trade: Karen Finerman reccommends dialysis provider DaVita (DVA) because of cash flow and it’s recession proof because no matter what people need to get it and Medicare will pay for it.
Trades for Monday:
Guy Adami picked Tiffany & Co. (TIF). Jon Najarian picked Fed Chief Bernanke making a surprise rate cut. Jeff Macke says get long the Financial Select Sector SPDR (XLF) in response to the cut and it being oversold. Finerman picked Kaiser Aluminum.
Jon Najarian Owns (JNPR), (AXP), (AAPL), (BZH), (JSDA), (LEND), (NKE), (OATS), (UA), (WFMI), Is Short (HD), (WM); Macke Owns (ATVI); Finerman’s Firm and Finerman Own (BAC), (C), (HD), (KALU), Finerman’s Firm Owns (COP), (DVA), S&P Puts, Russell Puts; Macke Owned (ATVI)
Always get your Fast Money Analysis here at Stockpitcher!
Posted: August 2nd, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
After another late day rally, the traders say that the only thing that matters tomorrow is that the first half hour and the last half hour where the unemployment report will pretty much control the market.
The Mortgage Short: Accredited Home Lending (LEND) fell 60% and there are are many options suggest that Countrywide Financial (CFC) may be in trouble as well because there are puts for $10 and the stock is at $25. I will do a subprime or mortgage special tomorrow morning.
Coca-Cola (KO) – Pete Najarian said there was a high call volume on this trade suggesting ther may be a move. They don’t know why – well who ever knows when the market is this crazy.
Google (GOOG) – Will Google make a phone? The traders all say that doesn’t make sense but look for Google to be a leader in wireless software.
Infrastructure Trade: The MN crumbling bridge and the NY steam pipe explosion last week. Other than the regulars of Jacob Engineering (JEC) and Flour (FLR), Maquarie Infrasture (MIC), a private road operator was recommended by Eric Bolling, Exponent (EXPO) infrastructure analysis company was pitched by Jeff Macke. But everyone agreed that you should just go out and go shopping.
Tech Trade: Cisco (CSCO) pitched by Najarian and Macke. Hewlett-Packard (HPQ) pitched by Adami and Bolling while Bolling also added IBM (IBM)
Jet Trade: The growing affluence has allowed many people from stars to CEOs. There is a growth of private jets even Warren Buffet is in the private jet business. Guy Adami’s pitches included General Dynamic (GD), maker of jets and defense play; Textron (TXT) (Bolling agreed to this one), Rockwell Collins (COL), jet engines, and Embraer-Empresa (ERJ), international jet maker.
Beazer Homes (BZH) – Bolling says sell it on the jump of 14% today.
Macau Trade – Bolling recommends Melco PBL Entertainment (MPEL)
Getty Imagines (GYI) – The stock photo company drops 19% and Macke says it’s going down further
Posted: August 2nd, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »
Here is a summary for Fast Money:
Buy Goldman Sachs (GS) and short Citigroup (C) on technicals – Eric Bolling saying Goldman finishing above their trend suggested it’s a buy while Citigroup breaking it’s up trend is definitely a sell.
Starbucks (SBUX) - Reported earnings and moved up to 6% after hours but Jeff Macke (the fundamentalist) says sell the good news while Eric Bolling (the technicalist) suggested that it’s now above it’s 50 day moving average so it may continue.
All the traders advised to keep with the big global players such as Proctor & Gamble (PG), United Technology (UTX),
Wireless Trade: Alvarian (ALVR) and Fibertower (FTWR), both wireless infrastructure stocks moving up with the trend of people becoming more mobile. The trend may be pushed further by the addition of wifi with iPhone.
Migraine Trade: Pozen (POZN) was highlighted by CNBC’s Chief Pharmaceuical Correspondent Mike Huckman that the approval of migrain drug, Trexima by the FDA could push the stock up to $22 from current $17 or non approval may just push the stock down to $13. This could put you in the poor house or the hills. Also Allergan (AGN) is also using to treat those devastating migraines as well as over sweating and skin.
GPS Trade: Garmin (GRMN), Trimble (TRMB), both makers of GPS devices and NAVTEQ (NVT), a producer of maps used by GPS devices, all jumped on earnings. They all look a little expensive but ALL the traders said that this industry is a good buy because GPS will end up in everything and it will only grow. Jeff Macke that cheap fundamentalist said that you should buy on the dips!
First Solar (FSLR) – drops 4 ½% after higher costs take shine off the solar trade. – Eric Bolling says the stock is going down to 17% as cost of making solar panels cost more than they thought especially with the Chinese moving into the industry! (I’m going to write a short article about this soon with some analysis)
All the traders are saying that the jobs data will move the market. If the unemployment is low than we’ll see a good market while a bad report will just feed the hungry bears.
