A solid jobs report on Friday helped the S&P 500 hit record highs and the Dow climb 143 points. The team at CNBC's "Fast Money" dissected the action in their show on Friday night. For Tim Seymour, the recession is now off the table with Friday's jobs report and he sees the dollar rally going forward. To Jeff Macke the jobs report was perfect. Financials are back and global growth continues to shine, according to Pete Najarian.
Technology stocks continued to shine with big moves this week out of
Research In Motion
. Karen Finerman states that you can't ignore how strong the tech sector is.
is her favorite and she has a bullish options trade on the stock in her hedge fund.
Najarian points out the strength in gadget makers with RIMM as an example. He also favors
all had strong weeks as well. Macke says he hasn't sold a single share of ATVI yet and advises other investors to get long all the video-game makers mentioned.
traded up15% as investors sense deal-making is back. Per Seymour, commercial paper loans and deal making are back and the brokers are using this opportunity to smooth out earnings for future quarters. He likes the valuation on
. He owns CFC.
Najarian agrees that deals are getting done and is bullish on the exchange stocks. He's so bullish, he bought
on Friday. Finerman agrees with him on NDAQ. Najarian feels that the only potential negative aspect is if volatility goes lower, then volumes will go lower as well.
Even with the Chinese stock market closed the
iShares FTSE/Xinhua China 25 Index
IShares MSCI Hong Kong Index Fund
closed the week in the green.
China Finance Online
> was up 20% on the week and
was up 15%. Seymour explained that JRJC is now trading at a P/E of 400. He stressed that investors need to be cautious with the Chinese stocks. Najarian sold his
position he had just put on recently. Najarian cautions investors to buy protection if they are trading China.
Earnings from Consumer Products
Some interesting earnings reports are slated for next week from
. Macke likes Pepsi for a play on the weak dollar and China exposure. He was less than enthused about Costco. Finerman favors Yum Brands for its china exposure and strong brands.
Ultra Wealthy Trade
Wall Street bonuses could fall as much as 40% this year. If Wall Street players are taking a hit will it trickle down to luxury stores like
Margaret Brennan joined the crew to discuss luxury stocks. Brennan says the trophy wife's that buy from
are recession proof. She feels that brands like Tiffany and Coach could have more problems if we see a drop in bonuses. She mentioned that Ernst & Young is lowering its expectations for growth in the luxury sector from 8% to 5%.
Macke suggests that all-time highs on the markets will make for emotional shopping. He doesn't see the drop in bonuses hurting the luxury brands and would stay long Coach. To see more wealth dependent stocks check out this luxury stock portfolio on Stockpickr,
The options market was on fire Friday and Najarian called it "one of the craziest days of the year." Speculators were making moves all over the market and Najarian found some plays worth noting.
He noticed unusual options activity in
with the $22 and $25 call options. Market rumors are swirling that ValueClick could be a takeover target. Najarian even saw speculators buying the October $30 calls that will expire in two weeks. He also mentioned he took a position in ValueClick two weeks ago. Another stock that he saw with unusual options activity was
. Najarian noticed speculators buying the October $40 call options on Tuesday with big volume. He told investors to keep an eye on this security software maker.
Pops & Drops
Friday's Pops & Drops segment focused on stock movement for the entire week.
traded up 5%. Seymour attributes this to Bear Stearns raising its price target to $700.
traded up 5%. Finerman cracked that she needs 11 more weeks in a row like this. She is long HD.
exploded up 17% after an analyst predicted a win in a patent infringement case against
. Macke still prefers DISH over TIVO.
popped 7% after winning a shareholder lawsuit. Seymour thinks this stock is the greatest cellular play in Russia.
dropped 17% after missing Wall Street profit targets. Macke says get out.
fell 15% after the U.S. Energy Department declined its $9.5 billion bid to restore uranium plants. Seymour says these guys are hurting after losing that bid.
plunged 8% after profits fell for the mattress maker. Macke implies there are better plays elsewhere then ZZ.
Happy 52-Week High
Quicker Than the Ticker
The panel at "Fast Money" knocks the ball out of the park on these trade ideas.
September 25th, Finerman made bullish comments on
. She was right and the stock went up 7% since her call.
Also on September 25th, Macke recommended trades in videogame makers
. Macke was a winner as both stocks went up significantly from his call.
It was August 6th when Seymour recommended investors get long emerging market Brazil. He nailed this one with
iShares MSCI Brazil Index
flying up 20% since his call.
On September 12th, Najarian told investors to get long
. His accuracy was spot on with MTW soaring 21% since his recommendation.
The crew is held accountable for their past picks that didn't do so well.
Last Thursday, Macke made bullish comments on
. Macke missed the mark as Palm fell 5% since his call. However, he isn't changing his view and maintains that Palm is a solid long term play.
On October 2nd, Najarian said he liked
Las Vegas Sands
. He was dead wrong as Wynn fell 8% the next day. But he isn't giving up on the Macau play yet and he still thinks WYNN has more room to move up.
On September 12th, Finerman told investors to sell
. Since her advice, Skechers has soared 16%. Finerman doesn't regret the sell call even after the big move up.
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