LOST ITS MOJO:
The headline: Stocks Erase Gains For Week Friday as Google (GOOG), Caterpillar (CAT) Tumble... Put the Dow 14,000 Party Hats Away as Dow Plunges 149 Points
Jeff Macke says pillars of support are falling such as CAT. And he adds that banks got worse throughout the week.
Pete Najarian says CAT’s dip was due to traders selling into good news.
Tim Seymour is pessimistic going into next week.
Jon Najarian says the revenue is there, and he’s not worried.
THE GOOD, THE BAD, AND THE UGLY:
We Revisit The Stocks That Surged, Slipped, And Sunk This Week
- THE GOOD: TECH & METALS:
The headline: IBM (IBM), Juniper Networks (JNPR) Lead Tech To Winning Week With Strong Earnings; Gold, Copper Hit 2-Month Highs As Dollar Continues Downward Drift
Jeff Macke likes IBM, but adds not a lot of tech looked great Friday.
Pete Najarian also likes Broadcom (BRCM) and Sandisk (SNDK).
Jon Najarian prefers Marvell Technology (MRVL) as an iPhone play.
In metals, Tim Seymour likes gold, copper lead and platinum.
- THE BAD: FINANCIALS:
The headline: Merrill (MER), Citigroup (C), Financials Flounder On Earnings Subprime Fears; Blackstone (BX) Hits Low After Low, Closing Down 13% For The Week
Jon Najarian says investors are worried that Citi has exposure to subprime slime, but he doesn’t think that’s the case.
Pete Najarian tells the panel to stay away from Lehman Brothers (LEH). On a related note, he also doesn’t like Blackstone – and doesn’t think BX is a buy until the stock falls to $21.
- THE UGLY: UNFORESEEN FIASCOS
The headline: Google (GOOG) Falls As Much As 7% On Weaker-Than-Expected Earnings; Intel (INTC) Tumbles On Disappointing Profit Margins; Caterpillar (CAT) Sinks 6% Friday After Earnings Miss Estimates
Jeff Macke still likes Intel and reminds the panel that he owns this stock. However, he sees INTC as a longer term investment.
Jon Najarian says Google’s weakness results from the company spending a little more than intended. However he cautions investors not to throw out the baby with the bathwater.
Jeff Macke is concerned about the expense the comes along with Google's recent wave of hiring.
Tim Seymour is worried about CAT, however Pete Najarian likes CAT as well as Deere (DE) – both are names he recommends buying.
CRUDE CROSSES $76 THIS WEEK:
The headline: Crude Oil Gains 2.2% For The Week On Lower Gasoline Supplies
Tim Seymour recommends energy stocks such as Total (TOT) on disruption themes. He doesn’t see oil falling. He also likes ConocoPhillips (COP).
The panel agrees.
REDSTONES THROWING STONES:
The headline: With The Redstones Reportedly Feuding, What's The Family-Controlled Company Trade?
Jeff Macke says it’s important for investors to know when they’re buying a public stock – if they’re “really” buying into a family business. Following is a list of stocks Jeff says are essentially “family owned”:
FAMILY CONTROL
Viacom (VIA) -- The Redstone Family (Voting Interest: 79%)
News Corp.(NWS) - The Murdoch Family (Voting Interest: 31%)
Ford (F) -- The Ford Family (Voting Interest: 40%)
World Wresting Entertainment (WWE) -- The McMahon Family (Voting Interest: 95%)
Of these stocks, Jeff likes WWE best.
BROTHER VS. BROTHER:
The headline: Pete And Jon Duke It Out Over Nike (NKE) And Under Armour (UA)
Jon Najarian thinks Nike will benefit from their endorsement contract with Lance Armstrong. He also likes NKE as a Beijing Olympics play.
Pete Najarian prefers UA and cites a UBS report that says growth for this company could be 30% a year for the next 5 years. Pete calls Under Armour a cult stock and says, “The stock could really rocket.”
Jeff Macke agrees with Jon Najarian and recommends getting long Nike.
CHINA'S HEIGHTENED INTEREST:
The headline: China Hikes Rates For 3rd Time Since March After Torrid 11.9% GDP Growth
Tim Seymour says the Chinese government is trying to stimulate domestic savings as well as trying to curb stock market speculation. He says it’s all good for China and reminds the panel that growth in China is outstanding.
Pete Najarian likes China Mobil (CHL) and says the company still has growth ahead of them.
BROADCAST BLESSINGS:
The headline: Cardinal Edward Egan Heartily Endorses Sirius (SIRI) –XM (XMSR) Merger
Jeff Macke recommends buying SIRI if share price drops lower than $3. (It‘s worth noting on Friday July 20th SIRI closed at $3.12) Jeff also thinks the merger with be approved by the FCC.
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Trader disclosure: On July 20th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;Macke Owns (SWY), (INTC); Jon Najarian Owns (RDC), (AAPL); (AMD); (CHL); (CLX); (CME); (F); (JNPR); (NKE); (SWY) (ZMH), (RDC);Jon Najarian Is Short (BX); Seymour Owns (AAPL); (BP); (GLD); (F); (INTC); (YHOO); Pete Najarian Owns (CLX); Seymour Owns (MSFT), (SWC), (HAL), (SLB), (BX); WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones; Red Star Asset Management Is Short (XOM)
