NEW YORK (
TheStreet) -- The markets rallied Thursday as central banks moved to ease a liquidity crisis in the eurozone.
Dow Jones Industrial Average jumped 186.45, or 1.67%, to 11,433.18. The
S&P 500 added 20.43, or 1.72%, to 1209.11. The
Nasdaq rose 34.52, or 1.34%, to 2607.07.
The trading panel on
CNBC's "Fast Money" TV show focused on
Research In Motion
(RIMM) whose shares were down as much as 19% in after-hours trading after it reported revenue and profits that fell well short of analyst estimates. The company did expect smartphone shipments to increase in the second quarter.
But Karen Finerman found the guidance disconcerting, saying it illustrated the big disconnect between the Street and management on the company's direction.
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Joe Terranova said RIM Playbook shipments were especially disappointing. He said the company reported 200,000 Playbook shipments, well short of the 560,000 units analysts expected. He said it would take Apple only three days to sell that many iPads.
reporter on the RIM conference call, said the company was going to rectify the situation with a software update.
Guy Adami cautioned about getting into the stock at this point. He said at $24.50, the stock is in "no man's land" in terms of shorting or going long.
Terranova said RIM needs an activist investor to come in and shake up the company. He said RIM does hold some valuable patents that can be moved.
But Najarian questioned the value of the patents and the value of the company.
Mike Khouw said RIM is in tough position as its competitors have moved to other platforms and can wait for the price of RIM's patents to fall before taking any action.
(AAPL - Get Report)
has gained from RIM's demise. He said it's well positioned to easily hit $450, with the iPhone 5 about to debut, the holiday season nearing, the refresh of the MacBook Pro and the iPad 3 coming out in March, 2012. "There are nothing but catalysts in front of it."