The stock market rallied back on Friday as investors got positioned for a busy week in earnings ahead. The team at CNBC's "Fast Money" reviewed potential deals and upcoming earnings.
announced plans to put the company up for sale after-hours. The Cambridge based biotech company has hired Goldman Sachs and Merrill Lynch to search for a deal. Biogen management thinks that selling the company would represent a better value to shareholders. Adami offers
as a possible buyer. Najarian doesn't understand why the company feels the need to sell when they are performing just fine. Instead, he suggests trading off the news with
also traded up after-hours on winning FDA approval for a new HIV drug.
announced a bid for rival software provider
for $6.7 billion. Najarian points out that the $17.50 calls are on fire with a ton of volume. Finerman predicts Oracle will eventually pay higher then $17 and other bidders will also take a look, having said that, she sold some of her stake in BEAS for her hedge fund. Macke commented that he likes Oracle.
Technology Earnings Plays
Silicon Valley Bureau Chief Jim Goldman joined the "Fast Money" crew to give his opinion on technology stocks set to report earnings next week. Goldman doesn't expect anything big from
. In fact, he thinks they will disappoint.
will report good news. Goldman notes that a lot of people are concerned about
and the stock has already made a run.
Adami agrees on Intel and thinks they can knock the cover off into earnings. Macke disagrees with Goldman and he thinks Yahoo! is setting up to work for a trade. Macke also didn't agree with Goldman on eBay because he thinks management is progressive. Najarian advises watching
for a takeover play. He noticed unusual options activity in the November $55, $57 and $60 calls. Najarian sides with Goldman on Yahoo! and thinks the options indicate a big movement for earnings.
Regional Bank Earnings Update
Regional bank names like
Fifth Third Bancorp
will report earnings next week. Adami likes US Bancorp, a bank that Warren Buffett has been building a position in. He would go long UBS into earnings and his target is $36.
Dylan Ratigan reminded investors that Dennis Gartman recently made bullish comments on regional play
KBW Regional Banking
. Finerman isn't comfortable with the risk reward on KRE. Najarian tookthe action of putting on a hedged trade in
(To see all of Buffett's holdings, click here for the Stockpickr.com portfolio
Nike Flying High
was selected as the chart of the day after hitting all-time highs on Friday. After 10 years of trading in limbo, is Nike back? In Macke's opinion, Nike was sent to the penalty box because the growth slowed and the multiple compressed. He also sees the same fate for
. Najarian loves Under Armour for the growth in Europe. But, Finerman and Macke like Nike.
Happy 52-week high Nike.
Word on the Street
Technology stocks rallied back strong on Friday with names like
all racking up solid gains. Najarian thinks Google has much more upside from here. Najarian is looking to buy Apple which he feels is cheap on valuation.
traded higher on Friday after reporting strong September sales. Macke hasn't changed his bullish view on the golden arches.
Retail stocks continue to struggle even with
finishing the week higher. Macke declares that retail stocks will not perform well into the fall and he is urging investors to get out of positions in the sector. He reverse himself and recommends traders sell names like
, even though he called it a buy earlier this week.
Crude oil hit another record high this week trading up to $83.69. Adami like the refiners as a trade on the rise in oil prices. He thinks
goes to $60 and he also likes
. Finerman continues to like
. Najarian prefers to remain bullish on the oil service sector.
Pops & Drops
Friday's Pops & Drops segment focused on stock movement for the entire week.
traded up 3% bucking the poor earnings report from the Agriculture play earlier in the week. Najarian notes that global growth is real and that is the reason Monsanto is popping.
popped 13% even after Warren Buffett trimmed his stake in the Chinese oil giant. Adami tells investors to take some profits. Buffett is scaling out and the valuations are high.
popped 7% following crude oil prices. Najarian is sure oil is still going higher.
both traded up over 10% as the UAW settle strikes with GM and Chrysler. Finerman points out that the settled strikes are big news for the automakers.
fell 5% after delaying production of the Dreamliner. Adami counsels viewers to buy the stock if it holds $93.
fell 9% off of negative headlines. Macke doesn't advise investors get involved.
dropped 9%. Najarian says keep an eye on this one because the options are on fire.
Happy Hour Trade
Whitney Tilson, a managing partner at T2 Partners Hedge Fund, joined the "Fast Money" crew from a bar to discuss his trade ideas. He offered up a pairs trade in getting long
. Tilson says he is having no problems finding shares of VMWare available to short.
The crew gave their final trade to end the show for the week.
- Najarian likes the global growth play in McDonald's (MCD) - Get Report.
- Finerman would eat up Kraft (KFT) .
- Adami reiterated his buy call on Tesoro (TSO) and his $60 target.
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