Word On The Street
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America Trade
The traders talked about playing American-based stocks following a report from Merrill Lynch that said fund managers are turning more bullish on domestic companies. Finerman said she is bullish on Altria (MO). Najarian likes Johnson & Johnson (JNJ). Macke said McDonald’s (MCD) and Wal-Mart (WMT) are the best America trades. Adami said he favors Alliant (ATK) because they just reported a strong quarter.
Solar Trade
The traders discussed some solar plays following a strong earnings report this week from LDK Solar (LDK), Applied Materials (AMAT) and Canadian Solar (CSIQ). Najarian said that solar is growing 40% a year and that’s why IBM (IBM), Hewlett-Packard (HPQ), Intel (INTC) and Applied Materials are getting into the red hot sector. He advised investors to consider all these stocks for a play on solar. Adami recommended Evergreen Solar (ESLR) for his play on solar.
POPS&DROPS
POPS- Dr. Pepper Snapple Group (DPS) traded up 5% after the beverage company beat on earnings and raised their full-year outlook. Finerman said she doesn’t like the number 3 player in the sector. Schlumberger (SLB) jumped 4%. Najarian advised investors to watch this stock. Longs Drug Stores (LDG) soared 31% after CVS agreed to buy the drug store. Macke said they received a nice offer. Cree (CREE) added 16% after the LED maker beat Wall Street estimates. Najarian explained that the stock is back to where it was last quarter. NVIDIA (NVDA) popped 11% after the company said it plans to buyback $1 billion worth of stock, almost half of its outstanding shares. Adami thinks the stock has found a bottom.
DROPS- Home Depot (HD) lost 3%. Adami thinks the stock will be weak in the near-term, but will eventually move higher. Liz Claiborne (LIZ) plunged 12% after the clothing maker reported a loss and lowered its full-year outlook. Brunswick (BC) slipped 5%.
Trader Radar
Shares of Dr. Pepper Snapple Group (DPS) were among the most actively traded stocks on the NYSE Wednesday.
Final Trade
Macke said go long Short Dow30 Proshares (DOG). Adami picked Applied Materials (AMAT). Finerman selected Transocean (RIG). Najarian said buy Alleghany (ATI). Join the fastest growing community of small cap investors at Stockhideout.com