'Fast Money' Recap: Texan Misses

On Monday night, Dylan Ratigan started the Fast Money program by saying "tomorrow looks like it's going to open up lower." He said this has to do with a number of companies that reported earnings and/or outlook below analysts' expectations.

The companies that were down after-hours included American Express (AXP Quote - Cramer on AXP - Stock Picks), Texas Instruments (TXN Quote - Cramer on TXN - Stock Picks) and Apple(AAPL Quote - Cramer on AAPL - Stock Picks).

Texas Instruments was down about 9% to $26 after reporting earnings of 44 cents per share while analysts' expected 45 cents a share. Apple was down by 6% to $156.25 after beating third-quarter guidance by 11 cents but lowering its fourth-quarter earnings outlook -- it now expects to earn $1 a share, compared with analysts' expectations of $1.25. American Express is down about 11% to $36.60 after it reported its second-quarter results below analysts' expectations -- earnings came in at 56 cents a share while analysts expected 83 cents a share.

Jeff Macke said saying "Texas Instruments always misses." He went on to say how Apple reported good earnings but took a hit from its poor outlook.

Karen Finerman said she disliked how the company missed by a large margin. She still finds the stock attractive but said investors should wait until the stock drops to $35 before considering buying it.

Pete Najarian finds Apple attractive after taking a big hit. He said he feels Steve Jobs could be "sandbagging," which means he is offering low guidance only to exceed it later. He said he feels the company "could be a good opportunity" to buy at current levels.

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