Fast Money Recap: Bull Party Continues
Bove maintains that GS will trade back to $160. Najarian remarks that if you have been long GS for the recent run then take half the position off in front of earnings. (RealMoney Take: Jordan Kahn said recently, "So I have to wonder if Goldman didn't make some bets of its own shorting some of this toxic paper, and squirrel away a few shekels as a result." To read more on what Kahn said, click here.)
Word on the Street
TD Ameritrade (AMTD Quote)reported strong trading volumes for August. Najarian responds with a bullish outlook on the online brokers and his pick for a trade is NASDAQ(NDAQ Quote). Suncor Energy(SU Quote) falls on rumors of higher taxes for Canadian oil sands producers. Dennis Gartman now says it's time to get out of Suncor and all his Canadian Tar Sands plays. Instead he would get into U.S. multi-nationals like ConocoPhillips(COP Quote). General Mills(GIS Quote) reported a rise in profits and reaffirmed guidance. Macke says you can buy Kellogg's(K Quote), Kraft(KFT Quote) and Safeway(SWY Quote) off the strong GIS quarter. (RealMoney Take: Ron Thomas said recently, "In my opinion, there are two big concerns preventing General Mills stock from discounting a high-single-digit growth rate." To read more on what Thomas said, click here.)- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |














