This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Apple's Big iPhone Boost

Stocks in this article: CMC RRC IBM AVAV TIE

NEW YORK ( TheStreet) -- The markets rallied off the lows Tuesday on a move to beef up the eurozone rescue efforts.

The Dow Jones Industrial Average was up 52.30, 0.43%, to 12,150.13. The S&P 500 rose 1.39, or 0.11%, to 1258.47. The Nasdaq lost 6.20, or 0.23%, to 2649.56.

Melissa Lee, the moderator of CNBC's "Fast Money" TV show, started the panel discussion when she brought in Carl Icahn to comment on his $1.73 billion cash bid for Commercial Metals (CMC - Get Report). Icahn, whose firm has a 10% stake in the company, said his bid has energized the stock and hopefully the shareholders to support his bid.

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

Contrary to his failed bid for Clorox (CLX), Icahn said the bid for Commercial Metals has shareholder backing, adding he would need a big turnout for the tender to succeed.

Icahan also said he supports the idea of a merger between Navistar (NAV) and Oshkosh (OSK), both of which he has stakes. He said the two companies would benefit from the synergies of a merger.

Pete Najarian said the Jan. 14 calls in Commercial Metals were very active today. He wondered whether another bidder might step in the situation. Finerman and Lee pointed out the stock traded at a discount on the day that Ichahn made his bid.

Lee noted that Netflix (NFLX) took a hit today after Verizon (VZ) launched a service to stream movies and TV shows over the Web.

Any Hargreaves, of Pacific Crest, said he didn't think Verizon's move represented much direct competition for Netflix. He characterized Verizon's efforts more like taking a "cable-like bundle" that will done over IP in a nationwide effort.

He disagreed with the panel that Netflix should be owned soley for its value as an acquisition target. He said Netflix is still offers an attractive customer service for $8. He said the long list of interested parties in Netflix includes names such as Microsoft (MSFT), Apple (AAPL), Amazon.com (AMZN) and Google (GOOG).

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

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