NEW YORK (
) -- The markets ended higher Tuesday after the
's latest comments on quantitative easing.
Dow Jones Industrial Average
gained 10.06, or 0.09%, to 11,020.40, and the
added 4.45, or 0.38%, to 1,169.77. The
rose 15.59, or 0.65%, to 2,417.92.
Guy Adami said on
's "Fast Money" TV show that
was trading higher in after-hours trading after beating earnings and revenue estimates and providing good guidance.
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 on TV
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He said he would take some profits in the stock if there is a big volume day tomorrow.
Tim Seymour said he liked Intel's numbers this time around and felt the stock was in a "good place." Brian Kelly said it's possible to extrapolate the earnings to the entire sector.
reporter, noted senior company officials were saying in the conference call that the chipmaker intended to move into the tablet segment and even smartphones in 2011. Fortt said he had spoken with a
who was skeptical of the comments about the smartphone.
It also drew a skeptical response from Kelly who felt that
had that segment locked up.
In another earnings,
beat revenue and earnings estimates as it saw higher freight volumes. Kelly said CSX is benefiting from the pickup in intermodal loadings.
Lee noted that
was down 3.78% on a larger-than-expected loss, including a charge on its City Center Project in Las Vegas.
Seymour said that while MGM has been the beneficiary of renewed enthusiasm for Las Vegas, it still carries some major debt loads.
Looking ahead to Wednesday's earnings, Finerman said she bought some shares of
. She said the firm's outlook will more important than its earnings.
Seymour said he would buy shares of
Bank of America
if JPMorgan's results are good. Adami said he expects JPMorgan's results could lift the financial sector marginally higher until
earnings report on Oct. 19.
Commenting on the Fed's minutes, Seymour found nothing new, but Kelly said the one thing he found new was the Fed's statement that it will stimulate the economy if inflation rises above interest rates.
Seymour said there are already signs of inflation in several countries in Europe of inflation.
Lee brought in Sanford Bernstein analyst Craig Moffett who downgraded
to underperform. He said dividend growth is in jeopardy because the company will have little cash left after paying Vodaphone interest as part of its wireless joint venture. He also said another "hidden" problem is some $30 billion in unfunded pension obligations.
Will there be more takeover targets in the retail sector after the
( GYMB) buyout news? Finerman hinted at some likely targets, including
. Patty Edwards mentioned
Lee shifted to the oil sector and Obama's decision to lift the ban on deep-water drilling in the Gulf of Mexico. Kurt Hallead, an analyst with RBC Capital Markets, said it will take 12 to 15 months for the situation to get back to normal. He said the next stage will be for the companies to get permits.
stands to benefit the most because up to a quarter of its revenue is from the Gulf. Seymour said Obama's decision lifted all boats and was heartened to hear of increased demand for deep water rigs from
Lee brought in Dr. Derik De Bruin, of UBS, for his picks in the life sciences sector. He said he liked
Thermo Fisher Scientific
for his applied markets play and
for genetic analysis.
Lee brought in Zachary Karabell to discuss his new book,
. He said the book is about companies that are striving for efficiency and environmental friendly solutions at a time when input costs are rising and pricing power is constrained.
According to Karabell,
is a good example of a company that is using recyclable materials for apparel and footwear.
belongs to the basket of companies that are helping other companies become more efficient.
The third basket has companies like
with innovative business models.
In the final trades, Edwards liked
. Seymour said
was starting to break out. Adami said he liked
. Finerman liked JPMorgan Chase for its outlook, and Kelly liked
Plum Creek Lumber
--Written by David Tong in San Francisco.
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