traded higher in after-hours trading Tuesday.
Dow Jones Industrial Average
was up 50.34, or 0.60%, to 8,469.11, while the
declined 0.89, or 0.10%, to 908.35. The
fell 15.32, or 0.88%, to 1,715.92.
Melissa Lee, the moderator of
's "Fast Money" TV show, turned the panel's attention to Intel, which was up on 4% on some optimistic remarks from Paul Otellini, its chief executive officer.
's Silicon Valley Bureau chief, said Otellini was positive about the current quarter, noting better-than-expected orders and billing patterns. He said his comments came on a day when an IDC report showed that PC shipments and sales were down quarter over quarter and year over year.
Goldman said it will be interesting to see how Otellini's comments will affect other major tech companies in Wednesday's trading session.
Pete Najarian wondered whether how the comments would rub off
Advanced Micro Devices
, which has seen strong options activity. Tim Seymour, though, was cautious about AMD, saying it has lost a lot of market share to Intel. "It's not close to being a player in this space," he said.
joined the parade of companies lining up for secondary offerings. Seymour was optimistic about the offerings, saying companies are going to the market to raise more capital than they thought they could.
Najarian said bank stocks like
have held up because investors have put-protection in place.
Lee shifted the conversation to consumer staples. Karen Finerman said she likes this group of stocks because of their attractive valuations. In particular, she likes
Procter & Gamble
, which enjoyed a great run from $38 to $55, was down 4% on an analyst report that inventories were piling up and customers not following through.
Lee said oil hit a six-month high when it reached $58.85 a barrel. Seymour said he loves
in this space for its $180 billion capital expenditures program.
The high price of oil has renewed interest in the solar-energy stocks. Najarian said he liked
Energy Conversion Devices
( ENER) and had a surprise pick in
. He said Big Blue is working on a secret process that uses the concentration of sun light to improve solar cell efficiency.
Najarian continued to put in a good word for the coal stocks, saying they are still relatively cheap despite the move to the upside. He also said ag stocks have also been strong, with
up 6.2% today,
, up 7%, and
, up 3.5%.
Moving on to the retail stocks, which didn't fare well today, Macke said he likes
as the best retail bet in a recovering economy, even more so than Wal-Mart.
's biotech and pharma reporter, noted that
was up today on a positive analyst report that said the potential growth of Pfizer and
( WYE) had not been baked into the stock.
Furthermore, the analyst raised the possibility of a higher dividend, cheaper financing for the deal and aggressive cost-cutting.
Shifting to tech stocks, Jared Levy, a senior derivatives specialist with Peak 6, said he likes IBM and sees it moving higher.
Kevin Fitzsimmons, of Sandler O'Neill, was brought on the show to talk about the downside risks of regional bank stocks. He said some of the mid- and small-sized banks will encounter difficulties raising the capital they need on terms they like.
He said he hasn't any buys on bank stocks but mentioned
as a stock investors might consider.
In the final trades, Macke was long on Ford at under $5. Seymour was long on
as a play on oil drillers, and Finerman said she was long on
. Najarian said he was also long on Ford but advised selling some upside calls.
"'Fast Money'Portfolios of the Week" on Stockpickr every Thursday.