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: Apple's Big iPhone Boost

Lee switched to Todd Gordon, of Aspen Trading, for a currency trade. With the euro still having problems because of Europe's debt crisis, he advised shorting the euro against a long Australian dollar.

Lee noted that crude oil prices rose above $100 a barrel today. Grasso said he expects the positive correlation between natural gas and oil plays to come to end in the next quarter. He said he would avoid mid-capitalized names in natural gas such as Comstock (CRK).

Terranova said investors could still be in natural gas if they invested in a name like Southwestern Energy (SWN), which has learned to live with $4 natural gas.

The undefeated Green Bay Packers is offering fans to own a piece of the team at $250 a share. Mark Murphy, the president and CEO of the Green Bay Packers, said the money raised from the sale of 250,000 shares will be directed toward updating the stadium. The stock, which is being bought more for sentimental value than anything else, is being sold through the Internet.

Lee said General Electric (GE) was one of the best performers in the market after it garnered an outperform rating and $21 price target from Sanford C. Bernstein.

Steven Winoker, the Sanford Bernstein analyst who made the call, called attention to the prospects of a 10% dividend increase by GE in 2012. He also said the company's industrial and financial services operations are doing well.

Shifting to the Volatility Playbook, Tim Freeman, of Elevation, LCC, said he expects volatility, which has been flat for the year, to come in. He said the S&P could be looking at 1300 if the upcoming meetings in Europe and at the Fed live up to expectations.

Apple shares appear headed for a rebound in December. Mike Walkley, an analyst with Canaccord Genuity, said his company's checks around the globe show that Apple's iPhones are gaining market share in the smartphone market at the expense of Research In Motion (RMM).

He said Apple is on target to capture 60% of the global handset industry profits in its first quarter. Moreover, he expects iPhone shipments will jump 80% sequentially to 30 million units for the December quarter.
2 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
TIE $16.50 0.00%
AVAV $28.94 -1.30%
CMC $17.92 0.90%
IBM $145.95 -0.76%
RRC $44.12 8.30%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs