GO
Loading...

No. 2 - Wall Street Misers

Monday, 21 May 2007 | 8:22 PM ET

Even with a bull market raging on, corporate America is still making like Ebenezer Scrooge when it comes to sharing the wealth with shareholders. Exxon Mobil (XOM),Microsoft (MSFT), Pfizer (PFE) and Cisco (CSCO) are all sitting on more than $20 billion, individually. Shareholders need to start demanding they put this money to work or return it. So which stocks should you buy in anticipation of that?

Eric Bolling says energy stocks are cheap. He thinks investors should buy this sector regardless of whether they pay a dividend or not. He likes Apache (APA), Chevron (CVX) and Exxon Mobil (XOM).

The Top Three #2
Where's my money? Companies continue hoarding cash, to the chagrin of shareholders.



Guy Adami says look for Pfizer (PFE) top make an acquisition. He thinks Biogen (BIIB) is a potential target.

Jeff Macke says investors are pressuring Bill Gates to put cash to work and that’s bullish for Microsoft.

Pete Najarian adds that until MSFT made an acquisition (aQuantive), the stock did not move.

Najarian also thinks there’s a political angle. He says with an election coming, companies will be reluctant to declare a dividend until they’re sure of the tax implications.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On May 21, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Bolling Owns (DIS), Gold, Silver, Coffee, Sugar; Bolling is Short (FXI) Najarian Owns (AAPL), (GS), (OXPS), (CME), (BOT)

  Price   Change %Change
BIIB
---
CVX
---
APA
---
CSCO
---
PFE
---
MSFT
---
XOM
---

Featured

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