'Fast Money' Recap: Dr. Doom

Merck's(MRK Quote - Cramer on MRK - Stock Picks) profit forecast disappoints and the stock gaps lower. Najarian explained that Merck has a strong pipeline and the drug company is known for underestimating profit forecasts. Macke advises using this selloff as an opportunity to accumulate shares in Merck. Adami also likes Merck for its job cutting plans and big stock buyback.

Nokia(NOK Quote - Cramer on NOK - Stock Picks) disappointed the street Tuesday after saying operating margins will be under pressure. Najarian explained that technology stocks like the four horseman were all under pressure on Tuesday. He went on to say that Research In Motion(RIMM Quote - Cramer on RIMM - Stock Picks) is struggling because of what came out of Nokia today on price margins. Nokia can handle the margin pressure and the stock still has plenty of room to the upside.

Delta Air Lines(DAL Quote - Cramer on DAL - Stock Picks) led the airline sector lower after the firm forecast a profit squeeze. For Najarian, until there is some consolidation in this sector he wouldn't own a single airline stock. Macke sees no reason to own airlines stocks when they have no control over their own destiny.

Face2Face

Investors write in with their own topics to be addresses.

Curtis from Louisiana asks, "Karen, are you still long Goldman Sachs Group(GS Quote - Cramer on GS - Stock Picks) and short Lehman Brothers Holdings(LEH Quote - Cramer on LEH - Stock Picks)? Is it too late to make this trade?" Finerman confirmed that she is still long Goldman and short Lehman through put options. She still thinks it's a good trade to have on and her bet is that Lehman will come clean on subprime exposure when they report earnings on December 13th.

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