Yes, the dollar's plummeting -- but how can you make a buck off it? The crew at CNBC's "Fast Money" discussed that issue on Thursday's show.
Pete Najarian regards the weak dollar as being bullish for technology stocks, which will benefit off of global growth. Karen Finerman was out buying S&P 500 and Russell put options to hedge her portfolio.
Oil was also in the news again, as it traded above $83 for the fourth record close in a row. Finerman suggests buying
. However, Najarian sees oil service stocks like
as the place to buy. (
Take: Mark Manning said recently, "I believe Baker Hughes, Schlumberger, Halliburton and the Oil Service HOLDRs offer the opportunity for upside (and for placing smart sell stops)." To read more on what Manning said,
Word on the Street
reported record numbers on Thursday. Najarian would sell GS on the news. (
Take: Rev Shark said recently, "The inability of Goldman Sachs to trade up on an excellent quarter tells us that there is still plenty of folks looking for another shoe to drop." To read more on what Rev Shark said,
reported a 4% rise in profits, but cut forecasts. The stock traded lower on the news. In Jeff Macke's opinion, FedEx's problems are company-specific. He also reminded investors to never own a stock where the CEO blames the economy on a bad quarter, which FedEx did.
FedEx isn't at levels that Guy Adami would be a buyer, but it is getting close. (
Take: Steven Smith said recently, "On the earnings front, FedEx is falling after warning of lower-than-expected revenue causing above-average option activity and an increase in implied volatility." To read more on what Smith said,
traded up after hours on strong earnings and revenue. Macke believes Oracle is a very good company hitting on all cylinders. Adami and Najarian like the acquisitions that Oracle has made recently.
Unusual options activity was present in
on Thursday. Najarian saw huge monster volume on the CREE September $35 calls and the CELL April $20 calls. (
Take: Dan Fitzpatrick said recently, "While CREE is due for a rest, there just might be too much buying pressure to let the bears out of a trade gone badly." To read more on what Fitzpatrick said,
Welcome Sports Fans
reported bullish earnings and revenues after the close on Thursday. Finerman believes the news gives a buy signal for
, which sells a lot of Nike shoes. Macke disagreed. He thinks what is good for Nike is good for Nike only.
Najarian thinks investors should watch
. If UA is doing well, then Nike will do well. Adami noted that Nike is winning in Europe and Asia and that makes the stock a great play on global growth and a weak dollar. (
Take: Vasu Vijayraghavan said recently, "Nike's balance sheet looks acceptable; cash increased by 24%, while the debt-to-equity ratio remained low at 5.8%. Nike needs to play down and maneuver around growing antagonism to China to keep profits consistent in the future." To read more on what Vijayraghavan said,
Morgan Stanley raised PC growth forecasts by 4%. Can investors get in PC stocks now and profit?
Silicon Valley Bureau Chief Jim Goldman joined the crew to discuss his take on the Morgan report and what the impact could be for technology stocks.
Goldman sees the Morgan report as adding momentum to technology stocks and this in turn will be bullish for
Stem Cell Play
Could stem cell stocks be ready to move in front of next week's biotech conference? Najarian says the pure play in the stem cell space is
. For more solid big caps with stem cell exposure look at
Take: Jim Cramer said recently, "How about how Celgene withstood the Revlimid onslaught? Adam Feuerstein was so right" To read more on what Cramer said,
Dubai Power Move
Dubai announced on Thursday a 20% stake in both the NASDAQ and London Stock Exchange. Higher oil prices have left the Gulf state flush with cash. Can investors anticipate where the money will be spent?
Macke says look at
and get ahead of the possibility of Dubai taking a stake in these firms. Adami concludes that the way to play Dubai is with buying infrastructure stocks like
On the other hand, Finerman would play the exchange names like
Pops & Drops
soared 99% on the firm's first day of trading. Najarian likes that ATNH has Jonathan Bush, first cousin of George W. Bush, as a co-founder.
Monolithic Power Systems
traded up 15% after an analyst raised their price target. Najarian declares this a big day for MPWR.
traded up 3% on a rise in profits.
popped 3% on bullish analyst comments. Macke suggests that this is a good opportunity to sell.
fell 6% on a drop in profits of 34%. A better choice in Finerman's mind is
Pier One Imports
fell 5% after disappointing Wall Street expectations. Macke states that this is a strong contender for worst company in the world.
fell 3%. Finerman reiterated her bullish take on competitor
fell 5%. Adami thinks INFY is in a bad spot because the rupee is at 9-year highs.
fell 8% on an analyst downgrade. Najarian mantains that PEIX is a "bunch of junk" and advises going solar.
The "Fast Money" team entertains questions from their listeners.
Gayla from California writes, "Lee Raymond, the former CEO of
has said that the price of oil shouldn't be $80 per barrel. He's said there is no reason for it and that the fundamentals just aren't there to support this price. This leads me to think that oil is being artificially inflated. Are oil futures traders to blame? Could this same scenario be unfolding in other commodities like wheat? If so, perhaps there is no "real" inflation at all." Finerman disagrees with the idea that speculators can control prices in the longer term.
Mark from Massachusetts writes, "I know some of the traders have liked
in the past. Why hasn't EMC broken out of its current trading range, while
continues to soar? Has Wall Street ignored the fact that EMC still controls about 85% of VMW?" Adami recalls that traders sold EMC to buy VMW, but those traders will be coming back to EMC. He expects EMC to go over $20. (
Take: Dan Fitzpatrick said recently, "We could easily see a retest of $17.50 for EMC. I'm waiting for the stock to move above $20 before buying." To read more on what Fitzpatrick said,
- Macke is adding more to his position in Activision (ATVI) - Get Report.
- Adami recommends buying Oracle (ORCL) - Get Report as long as it stays above $20.50.
- Finerman is sticking with going long on BEA Systems (BEAS) .
- Najarian tells investors to buy Sohu.com (SOHU) - Get Report. (RealMoney Take: Dan Fitzpatrick said recently, "I'd keep a tight stop on this trade in Sohu.com, and certainly would be a seller on a pullback below $35." To read more on what Fitzpatrick said, click here.)
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