Najarian remained upbeat about the company, saying it still has EDS, added some "monster" service revenue numbers and was on the upper-end of its full-year forecast. He told Ratigan he would buy HP on the dip.
Seymour was cautious about HP because 60% to 70% of its revenues comes from overseas where countries such as China, Russia and India are dealing with stagnant growth.
Najarian said he liked Monsanto (MON) because it will be providing products that will increase crop yields in drought-ridden areas of the world.Ratigan asked Najarian to explain what is happening at Wells Fargo (WB), which has fallen to a 12-year low. Najarian said the drop might be due to a perception in the market that it hasn't been able to avoid the problems that have bedeviled other large banks. Terranova said he believes Wells' fall might have to do with the problems of banks that are tethered to consumers as opposed to those in the capital markets. Ratigan brought on Barry Ritholtz, CEO of Fusion IQ, to talk about the housing crisis. Ritholtz said home prices still have some ways to go before the situation stabilizes. He said prices, which have dropped 25% since 2006, need to fall another 15%. "We're just in the fifth inning," he said. Ritholtz said Obama's new housing plan is not going to stop the market from taking prices to where they will eventually go.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV