Recap of CNBC's Fast Money, Thursday April 17. Click on a stock ticker for more analysis.
Google (NASDAQ:GOOG), Yahoo (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT) Jeff Macke congratulated those who were long Google and suggested taking profits after the stock's huge move. Guy Adami suggested Google may be a proxy for the S & P 500 and thinks the market should be bullish on this news. Karen Finerman thinks the news is good for Yahoo if the results are due to thriving internet market. However, if Google is seizing yet more market share, MSFT and Yahoo will be the losers. Macke is not very positive about Yahoo, but Pete Najarian would buy the stock and sell Yahoo calls.
Nokia (NYSE:NOK), Corning (NYSE:GLW) Nokia's strategy of selling cheaper phones in developing countries caused the company's earnings woes, said Najarian who recommends Nokia find ways to sell phones in the U.S. Adami would play the cell phone business by buying GLW which makes glass in cell phone displays.
Potash got hammered on Thursday, but Najarian noticed options activity was bullish. He would buy the stock on a pullback.
Macke said MAR's poor performance was not surprising given the health of the hotel business. He added MGM and MTN, also indicators of consumer confidence, are also having trouble times.
With oil going to $115, Adami would buy HAL before earnings and would buy BHI and SLB on dips. Najarian said natural gas had a great day with 52-week highs from APA and DVN before they dipped back. He thinks it is almost time to buy the stocks. Citigroup has downgraded X and Adami would use declines to buy.
TD Ameritrade (NASDAQ:AMTD) CEO Joe MogliaMoglia discusses his company's successful earnings and strong balance sheet and said retail investors are still confident. He said he was considering E*Trade's (NASDAQ:ETFC) business and that the company has benefited from E*Trade's decline. Najarian is bullish on AMTD and also likes Knight Capital (NITE) and Charles Schwab (NYSE:SCHW).
Final Trade: Macke and Adami: Microsoft, Finerman would short the British pound, Najarian: Yahoo
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