Friday's "Top Trades" on the show included the industrials plus
Chipotle Mexican Grill
, with the traders breaking down how to play them.
Representing the industrial names was
, all three of which beat earnings estimates on Friday.
Seymour was really liking General Electric's earnings report, saying that margins were looking really strong and management expects them to do well for the remainder of the year. He also said GE is going to downsize GE Capital, while aerospace and gas and oil are doing well. He thinks investors should ride this one out for the rest of the year.
Chipotle Mexican Grill beat on both top- and bottom-line estimates and as a result, popped 7% higher on Friday, while hitting a new 52-week high. Brown noted that a lot of fund managers were caught short because they thought the shift from Chipotle to
Taco Bell was on. Clearly it is not, he added.
Many people thought that Assured Guaranty would be hurt a lot more by the bankruptcy announcement from the city of Detroit. Kelly said the company isn't on the hook for as much as most had originally thought and that any further weakness will be a buying opportunity.
dropped 7% this week and Brown says it's only because it's been so good, for so long that analysts had gotten ahead of themselves. He will be a buyer if it presents a little more weakness.
Kelly is a buyer of
if it can pull back to the $28 level and hold. He added that the
IPO will add to Yahoo!'s valuation.
advanced 5% over the previous five trading sessions and Adami said the stock woes from the third quarter are gone and he thinks it will continue higher. He added that he is looking for $110 on the stock.
reported earnings this week, and as a result had its biggest one-day drop in over a year. However, Seymour said that he liked the company and its fundamentals and was a buyer on the weakness.
Looking ahead, Adami said that he was not a buyer of
, which reports earnings on Monday before the open. He added that he thinks the company, which is up 13% year to date, will disappoint and possibly miss earnings per share estimates. As a result, he said to look at McDonald's at $97 and not before then.
For their final trades, Brown said to buy Google on the dip. Seymour said he is a buyer of Brazil via
. Moving around the globe, Kelly is a seller of Australia via the
MSCI Australia Index Fund
and Adami likes the
iShares 20+ Year Treasury Bond ETF
-- Written by Bret Kenwell in Petoskey, Mich.
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