Stocks Rise; Economy OK
NATIONAL SEMI AFTER HOURS
The headline:National Semiconductor (NSM) Reports Better-Than Expected earnings.
Guy Adami says he likes this stock.
Pete Najarian adds that he, too is a buyer.
THESE PUNKS ARE FEELING LUCKY
The headline:Smith & Wesson (SWHC) Soars After Hours On Stronger-Than-Expected Earnigns.
Guy Adami tells the panel not to chase the stock but he recommends buying on it a pull back.
THE WORLD'S BEST STOCKS
The headline: China Stocks Hit Record, Making Them World's Best-Performing This Year: Bloomberg.
Karen Finerman explains that UBS issued a buy statement saying the Olympics should fuel a China rally through '09. To her that seems ridiculous – she wonders how UBS can have clarity into ’09 in a market like this.
Jeff Macke says UBS is late to the party.
Pete Najarian says he likes buying China telecom into Q1 of next year.
Guy Adami says he likes China Mobile (CHL).
The headline: Internet Backbone Company Juniper (JNPR) Hits New High After Analyst Day.
Pete Najarian tells the panel he loves Juniper for infrastructure as well as SAP (SAP). He reminds the panel that Cisco (CSCO) CEO John Chambers Reaffirmed 1st Quarter Guidance Wednesday.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On Sept. 6, 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 (JWN); Najarian Owns (CHL), (BJS); Finerman's Firm Owns (WMT); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Is Long (MDG) And Is Short (AUY) Against It.