'Fast Money' Recap: Dissecting Yahoo! - TheStreet



) -- The markets struggled Tuesday before closing on the downside.


Dow Jones Industrial Average

fell 2.57, or 0.03%, to 10, 194.29, while the

S&P 500

lost 4.61, or 0.42%, to 1,092.17. The


dropped 7.07, or 0.32%, to 2,203.73.

Pete Najarian said on


's "Fast Money" TV show that



's numbers across the board were "decent," in line with its earnings of 11 cents a share and exactly what its CEO Carol Bartz "laid out for us." "She likes the momentum. I like the momentum," he said.

For a breakout of some stocks from a recent "Fast Money" TV show,check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw onTV

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Najarian said the company is offering a lot more clarity of what it's going after and "it's a lot more than search."

Melissa Lee said she had talked to some analysts who questioned a lack of a catalyst for the stock. Najarian disagreed, saying its display ads are a "monster growth area" for the company.

Guy Adami said he would rather own


(GOOG) - Get Report


Jim Goldman, a


reporter on the Yahoo! conference call, said that while Yahoo! talks about opportunities in display, it has yet to display the kind of execution necessary to compete with Google for market share.

Goldman said that Bartz sounded very measured during the conference call. She said search still holds opportunities for the company, adding revenue per search is up.

Brian Kelly, president of Kanundrum Research, said Yahoo!'s earnings are misunderstood. He said it's not about search but about display ad pricing, which is firming.

Despite Apple approach a new 52-week high, Adami said its stock-price action was "atrocious," given its earnings release on Monday. He said the relief rally for the stock never materialized today.

Finerman said she didn't understand why there should have been a bump in Apple shares today, given the market uncertainty from Obama's bank plan and the fate of Treasury Secretary Tim Geithner.

Terranova said the situation should clear up Friday after the market has time to digest the debut of Apple's new tablet. He said Apple probably would have moved higher today if not for the late selloff in the market.

Terranova said the Apple tablet will steal market share away from


(AMZN) - Get Report

. Lee, though, said she spoke with an analyst who had reservations about Apple's tablet, saying it has no keyboard and ispricey, among other things.

Adami said the better trade might be shorting Amazon, which he sees heading down to $106.

Adami said he still see warning signs in the economy with


(CSX) - Get Report



(FDX) - Get Report


Freeport McMoRan

(FCX) - Get Report

all downfollowing their earnings reports.

Lee brought in Josh Rosner, managing director at Graham Fisher & Co., who expects a bombshell at Wednesday's House panel hearing that will lead to Treasury Secretary Tim Geithner stepping down some time this year.

Rosner said the panel will hear information that Geithner, in his former post as president of the New York Fed, had kept information from Congress on the bailout of


(AIG) - Get Report

. Rosner said the action also raised questions about Fed Chairman Ben Bernanke's role in AIG's bailout and how he ignored a staff recommendation against it.

Lee said Rosner's comments show much political risk is weighing on the markets. Terranova said the chatter out of Washington is exacting a toll on the financial stocks. Adami noted

JPMorgan Chase

(JPM) - Get Report

was down despite a fine earnings report, and he said

Goldman Sachs

(GS) - Get Report

at $150 looks "scary."

Lee came in with some breaking news that shares of

Berkshire HathawayClass B


were up 8% after it replaced

Burlington NorthernSante Fe


on the S&P 500.

Adami said that was probably

Warren Buffett's

end game along, since he believes Buffett overpaid for the railroad.

Whitney Tilson, T2 Partners managing partner, said he loaded up BRKb some time ago and is now going to hold on for the ride. He said the stock could run for a while. He said he was attracted to the stock early on because of the huge discount to its intrinsic value.

He said the big-cap blue chip stocks are undervalued and a good play.

For a look at the housing market, Lee brought in Ara Hovnanian,CEO of

Hovnanian Enterprises

(HOV) - Get Report

. Hovnanian said the housing marketfeels a lot better with the pace of sales picking up and prices stabilizing.

He acknowledged the threat of foreclosures six months down the road as well as the expiration of the federal tax credit for home buyers. Still, he felt optimistic about the market, given the growth of the population and cut in housing production.

In the final trades, Terranova liked


(MMM) - Get Report

. Adami said to buy


(AMGN) - Get Report

at $53.50. Finerman was long Bernanke and Najarianliked


(MYL) - Get Report


-- Written by David Tong in San Francisco

To watch replays of Cramer's video segments, visit the Mad Money page onCNBC


"Check out

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