'Fast Money' Recap: Still on Board With Microsoft

He told investors to keep an eye on Joy Global(JOYG Quote) and Bucyrus International(BUCY Quote), which are the equipment makers that help get coal out of the ground.

Charging for Profits

Adami said the American Express(AXP Quote) numbers bode well for MasterCard(MA Quote). He also said to look at Wachovia(WB Quote) if you want to get back into financial stocks. Macke steered investors toward Goldman Sachs(GS Quote).

Fed Up With Rate Cuts

MKM Partners' Chief Economist Mike Darda joined the traders to discuss the upcoming Fed rate policy meeting set for Wednesday. Darda said he believes it will be "one and done" for the Fed. He explained that the rate-cut cycle is essentially over. He also mentioned he doesn't think the Fed will do an emergency surprise cut. Finerman explained that Fed member dissention could be signal that the central bank is done. Bottom line, the traders all say the Fed is going to be done.

Media Moves

Lehman Brothers media analyst Anthony DiClemente joined the traders to discuss his take on the media stocks ahead of their earnings reports set for next week. DiClemente said Viacom(VIA Quote) has earnings momentum, and he expects Discovery(DISCA Quote) to continue to outperform.

He explained that CBS(CBS Quote) has too much exposure to radio and TV stations, and those businesses have a lot of question marks. Disney is hitting on all cylinders, but the coming quarter will have tough comparisons, DiClemente said.

Playing Video Games

On Tuesday Take-Two(TTWO Quote) will be releasing the controversial video game Grand Theft Auto IV. Can investors make money off this? Macke said he doesn't believe that Electronic Arts(ERTS Quote) really wants to buy Take-Two. Take-Two has bet the house on this game, said Macke. He said he believes the numbers out of the gate for the Grand Theft are going to be enormous.

Quicker Than the Ticker

The traders looked at their recent good calls. Fineramn told investors to buy Philip Morris International(MO Quote). She was on the money, and MO went up 6% from her call. Adami recommended Apache(APA Quote). Shares of APA went up 12% since his call. Macke said buy Apple(AAPL Quote) on a dip before earnings. The stock ripped 11% higher from his call. Najairan picked Goldman Sachs(GS Quote). He nailed the call, and GS advanced 16%.

Trader Radar

Canon(CAJ Quote) shares were among the most actively traded on the New York Stock Exchange today.

Fast Fire

The traders took a look at some of their bad calls. Najarian had recommended AMR(AMR Quote), but record oil prices took the stock down. He said that if you're in this stock, get out. Finerman said to buy Microsoft going into earnings. The stock fell 6% since her call, but she is sticking with the name for a longer-term story.