'Fast Money' Recap: Oil Gushes

Google, Apple (AAPL Quote), Intel(INTC Quote), Cisco(CSCO Quote) and Research In Motion(RIMM Quote) all hit 52-week highs Tuesday. Najarian likes the way these technology names are moving. He loves the price action in Google and Intel but he didn't like the action in Badiu.com(BIDU Quote). Adami and Macke both like Intel here.

Yahoo(YHOO Quote) shares took a hit Tuesday after U.S. lawmakers slammed the company for their role in helping to identify a Chinese dissident who was later imprisoned. Macke concedes this is headline risk, but is certain it will go away.

Cisco Trade

Cisco Systems(CSCO Quote) is set to report earnings Wednesday. CNBC's Jim Goldman explains that Cisco Systems has been on a tear since June as the popularity of video content has expanded on the Internet. Goldman says Cisco Systems just has to meet earnings expectations for the momentum to continue. Najarian currently holds a long position in Cisco and he plans on buying a little more Wednesday morning. Macke says they'll come in and beat earnings so don't bet against these guys.

Dim Power

Utilities stocks struggled on Tuesday coming in as the worst performing sector of the day. For Adami, if the Fed is done cutting rates then Public Service Enterprise Group(PEG Quote)will go lower and you can buy it in the low $80's.

(If you like utility stocks, take a look at this fund on Stockpickr.com Franklin Utilities.)