'Fast Money' Recap: Trading Off Intel

NEW YORK (TheStreet) -- Intel(INTC) was up more than 2% in after-hours trading Thursday after it delivered a blowout earnings report.

At the close of trading today, the Dow Jones Industrial Average was up 29.78, or 0.28%, to 10,710.55, while the S&P 500 rose 2.78, or 0.24%, to 1,148.46. The Nasdaq rose 8.84, or 0.38%, to 2,316.74.

The chipmaker, one of the bellwethers for the tech industry, reported 40 cents in earnings per share for the quarter compared to analysts' expectations of 30 cents. Revenue was up 2 9% to $10.6 billion.

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 Intel's numbers - in particular its 65% gross margin for the quarter and 60% going forward for the rest of the year. He said the big question is whether the chipmaker can continue growing revenue in the second half of the year.

Guy Adami said Intel's numbers were crushing but that the stock wasn't responding very well in after hours. He had said earlier in the week that the stock has had trouble moving above $21. He said the stock could be setting up for the same outcome Friday that it had in the three prior quarters when there was high volume and a selloff after its earnings.

Joe Terranova said the important thing today was for Intel to hold serve and pass the baton to JPMorgan Chase (JPM), which reports Friday.