Tech Trades
This week was a rough one for some major technology stocks. Credit Suisse slapped a $100 price target on Research In Motion (RIMM) saying that earnings momentum will slow. Software giant Oracle (ORCL) sold off as well as shares of Google (GOOG). Najarian said he favors RIMM around $120. Adami said Oracle is a screaming buy around $20.
POPS&DROPS
POPS-Anheuser-Busch (BUD) advanced 3%. Najarian said keep an eye on BUD because they want $7 billion more than InBev is offering. Exxon Mobil (XOM) rose 2% after the oil giant received a positive court ruling. Terranova thinks integrated oil could ready to move higher. Sears (SHLD) popped 4%. Finerman said she wouldn’t buy SHLD, but rumors are swirling that the company is going to do a buyback. Kroger (KR) jumped 7% after the grocery store reported better-than-expected earnings. Terranova said buy it around $26.
DROPS- Boeing (BA) fell 5% after Goldman Sachs cut the company’s rating. Adami said not good news. Wynn Resorts (WYNN) dropped 10% after Key Banc downgraded the stock. Adami said you can gamble in the stock market so why go to Vegas. Nike (NIKE) dipped 10% after reporting earnings. Terranova thinks the stock is oversold. Micron (MU) slid15% after the company missed third-quarter earnings estimates. Palm (PALM) dove 11% after the handheld device maker reported disappointing earnings. Najarian said nobody uses Palm’s products.
Fast Fire
Finerman told investors to follow her lead and buy Citigroup (C). She was way off and Citigroup fell 15% from her call. Finerman disclosed that her hedge fund has sold out of the stock now. Adami suggested buying Pilgrim’s Pride (PPC) for a play on corn prices going down. He was off the market and shares of PPC lost 19% from his call. Adami admitted he was wrong but he said if commodities fall the trade could still work. Najarian recommended Nike (NKE). He was not on his game after Nike dipped 11% from his buy call. Najarian said he liked the stock but the market didn’t agree. Terranova told viewers to buy iShares Dow Jones Transport (IYT) for a bet against oil. He mentioned he is still in this trade despite the fact oil has hit record highs and the IYT is off 4% from his recommendation.
Quicker Then The Ticker
Adami told viewers to buy SPRD Gold Trust (GLD). He was on the money and GLD jumped 5% from his call. Joe Terranova recommenced shares of United States Natural Gas Fund (UNG). Terranova hit the call out of the park after UNG soared 18% from his call. Finerman said short BB&T (BBT) a regional bank her hedge fund was betting against. Her short call produced a 23% score. Najarian told investors to buy Energy Conversion Devices (ENER) for a play on solar, memory and fuel cells. His call racked up a 16% return.
Trader Radar
Shares of Rite Aid (RAD) were among the most actively traded stocks on the NYSE Friday.
Final Trade
Terranova picked JP Morgan (JPM). Adami went with Merck (MRK). Finerman said buy Merck (MRK). Najarian said short HSBC Bank (HBC). Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!