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
TheStreet Open House

'Fast Money' Recap: Apple Dividend Coming?

NEW YORK ( TheStreet) -- The markets rebounded Wednesday despite lingering uncertainties in the eurozone debt crisis.

The Dow Jones Industrial Average jumped 178.08, or 1.53%, to 11,836.04. The S&P 500 added 19.59, or 1.61%, to 1237.87. The Nasdaq rose 33.02, or 1.27%, to 2639.98

Joe Terranova said on CNBC's "Fast Money" TV show that it may take some time for clients to get their money from MF Global (MF). He mentioned traders he knew who still haven't been able to get their money out and don't know when they will get it.

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 found that situation incredulous. She said the lessons of Lehman should have been heeded by any fiduciary or CFO to get their money out as quickly as possible after MF Global posted its largest ever quarterly loss more than a week ago. "You don't want to get your money tied up."

Guy Adami said the scandal is a blow to investor confidence in the system.

Will Apple (AAPL) finally relent and share its huge cash reserves with its shareholders?

Finerman, who's been on a crusade to get Apple to return some of the $80 billion to shareholders in the form of a dividend or buyback, suggested giving way even $20 billion would not tie Apple's hands.

Peter Misek, an analyst with Jefferies & Co., said he expects Apple to announce a dividend or buyback by the end of next year. He said Apple's cash reserves would have grown by then to $120 billion. "It's so big they can't spend it fast enough."

Melissa Lee, the moderator of the show, noted that Qualcomm (QCOM) was up 13% on a good earnings report. Adami said the margins were good, adding the stock could push through $60 next week on a beneficial tape. Brian Stutland noted a short squeeze on the stock could send the stock higher on Thursday.

With Groupon's IPO coming up, Anthony Catanach, an associate professor of the Villanova School of Business, said it was a shame that the company wasn't more transparent about its accounting practices.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • 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