Picks That Didn't Pan Out

Friday, 13 Apr 2007 | 9:37 PM ET

On February 26, Guy recommended Lockheed Martin (LMT). Shares of LMT are down 6% since his call. He says still with Lockheed anyway; “It’s going to $105.”

On April 4, Tim shorted Advanced Micro Devices (AMD), saying 2008 will be worse than 2007. But now the is up 6% since the call. Tim says it’s just a little continuation, and AMD is a long-term secular play that will fall further behind Intel (INTC). He’d still short it.

Fast Fire
The guys say whether these stocks are a hit or a miss

On March 9, Jon recommended Suntech Power (STP) which was since downgraded at Goldman Sachs, and lost 5% because of it. Jon still wants to own it though because of its exposure in alternative energy.

And a viewer e-mails the guys to ask Jeff about a call he made last week on Best Buy (BBY). Jeff recommended buying BBY ahead of last week’s earnings and even went so far as to recommend the April $50 calls. He was right about the earnings, but wrong about the stock price.

Jeff says he recommended the April calls in hopes of controlled the downside. He didn’t want people to get into a situation where they’re just hoping for a turnaround. At this point, you’re out either way, he says. It was an earnings play, the earnings came in, and now you should be selling regardless.

  Price   Change %Change

Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 13 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (AAPL), (BRCM), (BNI), (EBAY), (EMC), (FAST), (MRK), (MON), (MOS), (NDAQ), (POT), (STM), (STP), (WFT), (PKI), (HAL), (TRA), (T)
Strazzini Owns (SNDK), (STM), (USG), (WMT), (YHOO)
For the record:
Najarian Owned (STP) On 3/9/07
GE Is The Parent Company Of CNBC

  Price   Change %Change


Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report