This Day On The Street
Continue to site
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

'Fast Money' Recap: Banking on Research in Motion and Oracle

NEW YORK ( TheStreet) -- Strong earnings reports from Oracle (ORCL - Get Report) and Research In Motion (RIMM) after the close of trading Thursday provided some hope for a market turnaround.

At the end of the trading session, the Dow Jones Industrial Average was down 132.86, or 1.27%, to 10,308.26, while the S&P 500 fell 13.11, or 1.18%, to 1,096.07. The Nasdaq dropped 26.86, or 1.22%, to 2,180.05.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Pete Najarian said on CNBC's "Fast Money" TV show, that he was impressed with RIM, which was up more than 10% in after-hours trading, and its 4.4 million subscribers, revenue and earnings beat and upbeat forecast.

Guy Adami said now might be time to short RIM, noting it's reached about the same level where it was in the past quarter when the stock broke down.

Karen Finerman said RIM's success should rub off on other smartphone makers like Apple (AAPL).

Tim Seymour said the impressive point about RIM was its gross margins, which came in close to the analysts' estimates of 43%. Seymour and Najarian clashed over what impact it would have on Nokia (NOK - Get Report) .

Seymour said RIM's gross margins would be good news for Nokia, while Najarian insisted Nokia has to do a better job of selling its smartphones in the U.S. market and being more price competitive. Najarian was so disgusted with Nokia that he threw his $500 Nokia phone on the floor.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $14.56 0.00%
EEM $34.39 0.00%
GS $164.11 0.00%
MSFT $49.87 0.00%
MS $27.06 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs