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: GM's Black Hole

NEW YORK ( TheStreet) -- The markets rode the momentum Thursday from GM's stirring return and the improved financial outlook for Ireland.

The Dow Jones Industrial Average jumped 173.35, or 1.57%, to 11, 181.23 and the S&P 500 added 18.10, or 1.54%, to 1,196.69. The Nasdaq jumped 38.39, or 1.55%, to 2,514.40.

Guy Adami said on CNBC's "Fast Money" TV show that Dell (DELL) was moving higher in afterhours trading after a strong earnings report, including a gross margin of 19.5%. He said the stock could break out if it rises above $14.50.

Joe Terranova said it was interesting to note that Dell reported a 27% increase in government spending, an area that was weak in Cisco's (CSCO - Get Report) earnings. He said that led him to believe that Cisco's public sector spending woes were specific to itself.

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

Karen Finerman said she found it impressive that Dell was showing discipline in getting out of the mobile tablet business. Jon Fortt, CNBC tech correspondent, said Dell was abandoning areas that were yield little or no margins.

Melissa Lee, the moderator of the show, said that (CRM - Get Report) was also surging on a strong earnings report and a bright outlook for the rest of the year. Terranova said is the first cloud computing name to hit $1 billion in revenue in 2009 and is aiming for $2 billion in 2012.

As for the general market, Terranova said it was moving sideways, causing him to take steps to protect what he is in while taking some off the table.

Jon Najarian said the market was great today, with GM drawing everything to it. Finerman said GM opened up nicely but didn't finished great.

Barry Ritholtz, CEO of Fusion IQ, said GM's future will depend on the Volt. He said the electric car can become a winner for GM like the Prius was for Toyota.

Anthony Scaramucci preferred Ford (F - Get Report) for the footprint and depth of its management team, which has succeeded in cutting $10 billion of infrastructure costs and gaining market share against GM and Toyota (TM).
1 of 3

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
DELL $0.00 0.00%
BMA $61.70 3.75%
CRM $73.81 -0.24%
CSCO $26.21 -0.87%
F $13.32 0.08%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs