WINNING STREAK CONTINUES:
The headline: Stocks Rise For Third Straight Day; Longest Winning Streak of 2008
It’s those old global themes of oil, retail and tech that added to the rally, Pete Najarian said.
But January’s rise in retail salesisn’t enough to make Jeff Macke a buyer of the retail space.
Guy Adami reiterated two of his favorite trades – Apache and Merck , the latter of which is just off its 52-week low.
MURDOCH TO FOIL MICROSOFT?
The headline:Yahoo (YHOO), News Corp. (NWS)Consider a Combination of Online Properties
News Corp. would reportedly take a 20% stake in Yahoo, which would likely help Yahoo fend off the hostile bid from Microsoft. But no one buys it. Karen Finerman, Pete Najarian and Jeff Macke – all Yahoo shareholders – voiced skepticism that the rumblings would ever materialize into a deal if for no other reason than that Yahoo shareholders would not let it happen. Pete said he continues to sell YHOO calls every month and take the gains.