Fast Money Recap: Bull Party Continues

Oracle(ORCL Quote) hit a 52-week high ahead of its earnings call scheduled for Thursday after the market close. Najarian sees no options activity in ORCL ahead of the quarter. (RealMoney Take: Jay Somaney said recently, "I am expecting Oracle to beat guidance for the August quarter and also raise guidance for the November quarter." To read more on what Somaney said, click here.)

Pops & Drops

Pops- Countrywide Financial(CFC Quote) trade up 3% after bullish comments from the CEO. Finerman remains apprehensive on the stock.

Blackstone(BX Quote) popped 5% on the thinking that the rate cut will bring back cheap money for private equity. Adami says take profits.

Fortress Investment Group traded up 9% for the same reason that BX went up. Finerman says take profits.

The Warnaco Group(WRNC Quote) exploded up 15%. Najarian respects the move based on it's decision to shed parts of the company.

Drops- Carmax(KMX Quote) fell 15% after cutting full year forecasts and lowering sales estimates. Macke predicted this drop recently and said the trade is done.

Comcast(CMSCA Quote) fell 3%. Finerman warned investors against shorting the cable firm.

Sirius Satellite Radio(SIRI Quote) and XM Radio(XMSR Quote) both fell 4% after UBS analyst Lucas Binder said the merger is in the stock price. Macke has a negative opinion about the downgrade and instead he is bullish on the names.

Final Trade

The crew wraps up the show with their best trade ideas.

• Macke favors Oracle(ORCL Quote).
• Adami says lock in profits in Goldman Sachs(GS Quote) ahead of earnings.
• Najarian highlighted Titanium Metals(TIE Quote) for the upside options activity.
• Finerman says play Victoria Secret with Limited Brands(LTD Quote).