'Fast Money' Recap: Yahoo! Stays Up in Air

Adami said that volume for the company is up but profit per contract is down. He said the stock might be worth a trade as a "flyer."

Macke said that no matter what the company says, investors will be concerned about the government.

Coach (COH Quote - Cramer on COH - Stock Picks) said it was withholding data for 2008. Finerman said that this is always bad news, because if the company knew anything positive, it would report it. Macke agreed.

AT&T (T Quote - Cramer on T - Stock Picks) profit jumped 22% on wireless sales. Adami said he likes the stock, which has risen ever since he recommended it at a 52-week low. He said he believes it will go higher from here.

Najarian recommended Millicom (MICC Quote - Cramer on MICC - Stock Picks), which he said is making inroads in Africa and Asia. He said the company is a growth story.

Royal Bank of Scotland (RBS Quote - Cramer on RBS - Stock Picks) shares went down on writedowns. Finerman said that she liked the way the company is raising capital. She said that offering the shareholders a chance to participate was a good way to do it. National City (NCC Quote - Cramer on NCC - Stock Picks), on the other hand, sold shares to a private-equity firm at a huge discount.

Ahead of Apple's (AAPL Quote - Cramer on AAPL - Stock Picks) earnings, the crew welcomed Piper Jaffray Senior Research Analyst Gene Munster to the show. He said not to overthink Apple. He predicted the company would beat Street estimates. He said a new 3G iPhone should be out in June. He said that this phone will be mainstream by 2009. He said he has a $250 price target on the stock.

Macke said a $250 price target seems both "crazy and reasonable." He said the stock is bulletproof, but he would rather buy a dip ahead of earnings. Adami said that investors can own the stock into or out of earnings. He predicted that the stock would trade back to $200. Najarian said he loves Apple.

The Market at Large

The stock market is on track to report negative earnings growth for the second quarter in a row. Najarian said that the financials have been the problem. He recommended the energy sector, which he said has performed well. He said that ConocoPhillips' (COP Quote - Cramer on COP - Stock Picks) purchase of Burlington Resources has brought exposure to natural gas, which is now a bull market.

Adami said it's wise to be more forward-looking than the stock market. He said that it might be time to cycle out of agricultural names and start buying financials. He predicted a bull market in financials in six months. Macke recommended buying the dips in the financials.

Finerman said any stocks, like Intuitive Surgical (ISRG Quote - Cramer on ISRG - Stock Picks) that have great expectations built in, are going to get hurt on a tiny miss. She cautioned against getting involved in high-multiple stocks.

JetBlue (JBLU Quote - Cramer on JBLU - Stock Picks) reported great customer satisfaction, but it has been hurt by rising fuel costs. CEO Dave Barger joined the show to discuss his company. Barger said that fuel costs are hurting the company, but he thinks air travel continues to be an affordable luxury. He said he's focused on protecting JetBlue's balance sheet and making good decisions for the long term. He said he'd consider any buyout offers but the company is focused on organic growth.

Finerman said Barger is a great operator, but she can't get involved unless the company starts finding alternative fuel sources. Macke said that Barger is a great manager but the stock is still a sell. Adami agreed.

Najarian said the airlines have had trouble hedging against rising oil prices. He said that until the space consolidates, airlines are going to have a hard time.

Trader Radar

Ford (F Quote - Cramer on F - Stock Picks) traded on unusual volume today.

Commander Planet

In honor of Earth Week, Najarian once again appeared as Commander Planet to discuss hybrid cars. He said hybrid sales in the U.S. have increased 44% in the past year and that GM (GM Quote - Cramer on GM - Stock Picks) and Toyota (TM Quote - Cramer on TM - Stock Picks) plan to put battery-powered cars on the market by 2010.

Najarian said the best play on the trend is Energy Conversion Devices (ENER Quote - Cramer on ENER - Stock Picks), which makes batteries for cars. He said the company also has exposure to thin film solar technology, another green play. He also recommended Enersys (ENS Quote - Cramer on ENS - Stock Picks).

Fast Messages

A viewer asked for a good ETF green play. Najarian recommended PowerShares WilderHill Clean Energy (PBW Quote - Cramer on PBW - Stock Picks). The traders also discussed Claymore/Mac Global (TAN Quote - Cramer on TAN - Stock Picks), but no one made a clear recommendation.

A second viewer asked if Intrepit Potash is a good buy on its IPO. Adami said he'd rather play Potash (POT Quote - Cramer on POT - Stock Picks) or DuPont (DD Quote - Cramer on DD - Stock Picks). Macke said it's a sign of fertilizer mania when IPOs such as Intrepid Potash start hitting the market. He advised caution.

Emerging Money

Tim Seymour joined the traders to talk about Russian oil conglomerate Rosneft, which trades on the London stock exchange. He said other Russian oil plays include Lukoil and Gazprom, which trades on pink sheets. For an ETF with exposure to the space, he recommended the Market Vectors Russia (RSX Quote - Cramer on RSX - Stock Picks) ETF. He said oil and gas represent 52% of the fund's exposure. He predicted tremendous expansion for Gazprom.

Final Trade

Macke said he's selling Yahoo! shares. Adami recommended Apple. Finerman chose Microsoft. Najarian selected EMC.

« Previous Page

1 2

Next Page »