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: Focus on Apple

Facebook (FB) reports earnings on Wednesday after the bell and Adami said he thinks there's still room on the upside, possibly up to the $28.50 to $29 range.

For the show's "Street Fight" segment, Altria (MO) was in the limelight. Seymour says it's a buy because of a strong dividend, diversified business segments and earnings per share growth.

Finerman disagreed. She acknowledged the nice dividend, but said she sold her position because she believes smoking will begin to decline. She added that volume shipments are down, margins are down and the valuation is stretched.

For "Tomorrow's Top Trades," Ford Motor (F), Boeing (BA) and Caterpillar (CAT) all report earnings before the open on Wednesday.

Seymour said Ford has had a good run this year, up 30% since January, but now the valuation is getting rich and the bar will be high. He added that the North American segment would probably beat expectations, but Europe would be the big question.

Boeing, which is up 41% for the year to date, still has more room to run, according to Adami. He said that the company has been shrugging off a lot of bad news and that the stock will take off over $110, which is where it looks like it wants to go.

Anthony Scaramucci said he is siding with Jim Chanos, who announced that Caterpillar was his best short pick for the year last week at the Delivering Alpha Conference. Scaramucci said Caterpillar had a flawed revenue model, and that management has made too many acquisitions.

Panera Bread Company (PNRA) reported earnings Tuesday after the close and missed on both top- and bottom-line estimates. The company reported $1.74 in earnings on $589 million in revenue, below estimates of $1.77 in earnings on $596 million in revenue.

Adami said he did not like this report at all. While he did not advocate shorting Panera, he did say that he would be a seller if he owned it. He pointed to the lower full-year guidance, flat margins and horrible comps as reasons for his distaste.

Another stock that reported earnings on Tuesday was DuPont (DD), which beat earnings per share estimates but missed slightly on revenue. However, the quarter seemed to be more hinged on activist investor Nelson Peltz than the actual results.
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
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs