A solid jobs report on Friday helped the S&P 500 hit record highs and the Dow climb 143 points. The team at CNBC's "Fast Money" dissected the action in their show on Friday night. For Tim Seymour, the recession is now off the table with Friday's jobs report and he sees the dollar rally going forward. To Jeff Macke the jobs report was perfect. Financials are back and global growth continues to shine, according to Pete Najarian.
Super TechnologyTechnology stocks continued to shine with big moves this week out of Apple ( AAPL), Google ( GOOG) and Research In Motion ( RIMM). Karen Finerman states that you can't ignore how strong the tech sector is. Microsoft ( MSFT) is her favorite and she has a bullish options trade on the stock in her hedge fund. Najarian points out the strength in gadget makers with RIMM as an example. He also favors Nokia ( NOK), Apple, Hewlett-Packard ( HPQ) and Dell ( DELL). Videogame makers Activision ( ATVI), Electronic Arts ( ERTS) and Nintendo ( NTDOY) all had strong weeks as well. Macke says he hasn't sold a single share of ATVI yet and advises other investors to get long all the video-game makers mentioned.
Deal MakerBlackstone ( BX) traded up15% as investors sense deal-making is back. Per Seymour, commercial paper loans and deal making are back and the brokers are using this opportunity to smooth out earnings for future quarters. He likes the valuation on Merrill Lynch ( MER) and Countrywide Financial ( CFC). He owns CFC. Najarian agrees that deals are getting done and is bullish on the exchange stocks. He's so bullish, he bought Nasdaq ( NDAQ) on Friday. Finerman agrees with him on NDAQ. Najarian feels that the only potential negative aspect is if volatility goes lower, then volumes will go lower as well.