This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: First Goldman, Now Intel

Stocks in this article: INTC DIOD ITRI

The markets rose slightly Tuesday after digesting the first wave of earnings.

The Dow Jones Industrial Average rose 27.81, or 0.33%, to 8,359.49, while the S&P 500 added 4.79, or 0.53%, to 905.84. The Nasdaq rose 6.52, or 0.36%, to 1,799.73.

Melissa Lee, the moderator of CNBC's "Fast Money" TV show, said Intel (INTC) was up more than 10 percent in after-hours trading on better-than-expected earnings and bullish guidance.

Joe Terranova said Intel's estimated double-digit revenue growth for the third quarter is phenomenal. He said the bellwether stock will take the rest of the market higher.

Guy Adami, who is long Intel, said investors should take profits Wednesday on the stock on what he expects will be a high-volume day. He said the stock is a tad expensive at 19 times earnings.

Pete Najarian said Intel's "great quarter" is exactly what the market needed to follow up Goldman Sachs.

Patrick Wang, an analyst with Wedbush Morgan, agreed with Adami's trading strategy and said he would be checking to see what the company says in its conference call about PC demand and gross margins in the next quarter.

Jim Goldman, a CNBC reporter, said Intel's CFO Stacy Smith said that the company expects a "seasonably up" second half. He said that is good news for "broader tech," including the likes of Microsoft (MSFT)

Shifting to Goldman Sachs (GS), which reported record trading profits, Seymour said the stock's muted performance today was understandable, given the fact that investors were piling into the stock Monday. He said Goldman's significance should be judged on its impact on the rest of the financial sector.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs