'Fast Money' Recap: Still on Board With Microsoft

Stocks in the U.S. closed the week on a mixed note Friday as investors digested a number of earnings reports, weak consumer-sentiment data and record oil prices. The Dow added 42 points, and the Nasdaq fell 5.99 points.

On CNBC's "Fast Money" TV show, the traders discussed Microsoft's(MSFT Quote) weaker-than-expected sales numbers. Guy Adami said the quarter was fine and said guidance for next year was fantastic. He still believes the stock is screaming buy at current levels. Karen Finerman said she is happy to own the stock at current prices. Jeff Macke disclosed that he bought shares in the software giant on Friday.

Finerman looked at a few options that Microsoft should consider as the merger deadline for Yahoo!(YHOO Quote) approaches. She said Microsoft could drop the bid, bump it, nominate new directors or exchange the offer for cash and stock. Her advice was to exchange the offer. Macke said that if he were running Microsoft he would tell Yahoo! to get bent. He disclosed that he sold that last of his Yahoo! shares on Friday.

Oil Boom

Crude oil prices spiked to almost $120 a barrel after news broke that a U.S. cargo ship fired at two Iranian speed boats. Addision Armstrong, a CNBC on-air contributor and director of market research at Tradition Energy, joined the traders to discuss his take on oil. He said that the interesting thing is that the Iran confrontation was 24-hour-old news, and it still moved the oil market. He said oil looks strong, and he isn't convinced that the dollar's strength is here to stay.

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