'Fast Money' Recap: Tech Is for Real

Macke said a rally in dollar prices will put an end to an earnings boost for U.S. multinationals who benefit from a weak dollar.

Seymour said investors can short the CurrencyShares Japanese Yen Trust (FXY Quote) or the CurrencyShares Euro Trust (FXE Quote) as a trade off this news.

Fluor (FLR Quote) delivered an earnings beat, and shares jumped after hours. Adami said that the company raised guidance. Some have been concerned about the valuation, but he thinks the story is still strong, he said.

Najarian said that Foster Wheeler (FWLT Quote) delivered similar news last week. He said that the global power play is still strong.

Cablevision (CVC Quote) announced it will buy Newsday. Macke said that the deal was a bad move. He lambasted the Dolans, which control Cablevision, for spending shareholder money on "vanity projects that don't make sense."

Roll Out the Barrell

The traders spoke with Jon Merriman of Merriman Curhan Ford about possible energy trades. He said that he believes oil prices are soon to fall.

Najarian pointed out that solar names appear to compete with natural gas and coal companies instead of oil.

Merriman said that solar companies can still perform well even if oil trades down to $70. He said he likes Energy Conversion Devices (ENER Quote), which has only recently started to run after beating on earnings several times in a row. Najarian said he also likes the stock. Merriman also recommended Emcore (EMKR Quote), which he said could go to $16.

Cruising Wal-Mart

Retailer Wal-Mart (WMT Quote) reports earnings tomorrow. Macke professed his admiration for the stock, saying brokers love it, the company has set expectations low, and the company's valuation has finally become reasonable after a big run.