FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our
"Question of the Day" right now.
TRADER RADAR Which stock should be on your screen? Follow the clues to solve this puzzle.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
EMERGING MONEY TOP 20
Fast Money's index for the world.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
The headline: Bernanke Hints Fed Will Cut Rates Again Even As Inflation Rises
Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal Wednesday that interest rates will again be lowered to steady the teetering economy.
While stocks ended almost unchanged, there was considerable intraday volatility on Bernanke’s comments and other factors, Tim Seymour said. But one thing this market doesn’t seem to care about anymore are new economic numbers.
DOLLAR DIVES TO NEW LOW
The headline: Dollar Sinks to New Low against Euro on Durable-Goods Data, Bernanke Comments
The weak U.S. dollar is hardly a new story. And in a lot of ways, it’s good for the stock market when the dollar weakens, according to Jeff Macke.
AFTER HOURS ACTION: APPLE
The headline: Shares of Apple [AAPL
Loading...
()
] Rising After Hours on COO's Bullish Comments on iPhone Sales During Goldman Sachs Conference
Shares were up almost 4% in the after market as Apple COO Tim Cook reportedly told the Goldman Sachs Technology Investment Symposium that the company is on track to sell 10 million iPhones.
Karen Finerman reaffirmed her satisfaction as an Apple shareholder. After being beaten down so much lately, it’s time to consider Apple a value stock, she said.
>Listen to the audio webcast of the conference here.
OIL TOUCHES $102
The headline: Crude Oil Crosses $102 For First Time before Retreating on Supply Report
If OPEC cuts production, oil prices would actually go down – that’s how Tim Seymour sees it. Higher prices are negative for demand, he said. OPEC would much rather see oil at $90 than $110.
OPTIONS ACTION: JEFFERIES
The headline: Pete Najarian Seeing Unusual Options Activity in Brokerage Jefferies Group [JEF
Loading...
()
]
The buyers were out in force today, Pete said, snatching up the March 20 calls in Jefferies at a rate of five times the open interest. He even bought some for himself.
RIO FEELING GRAND
The headline: Brazil ETF [EWZ
Loading...
()
] Breaking Out, Up $20 Over Last Month
Tim Seymour, an expert on developing markets, said that Brazil is one of his favorite long-term plays. Brazilian commodities companies - think Vale (RIO) and Petrobras (PBR) - are so hot that they are practically driving the world economy right now, he said.
NOT A PRETTY PICTURE
The headline: Sotheby’s [BID
Loading...
()
] Profit Tops Estimates but Shares Tumble on Pricing Concerns
Sotheby’s is benefiting from great revenues, which surprises Karen Finerman. Evidently there is no bear market gripping the art world as everyone suspected.
BIOGEN DROPS ON SAFETY WARNING
The headline: Biogen Idec [BIIB
Loading...
()
] Falls after FDA Issues Safety Warning about MS Drug Tysabri
Biogen recovered modestly after dropping after the warning was issued. Pete Najarian thinks this is because investors realized they had misread the actual warning, which had to do with the need to monitor toxicity levels in the liver. The FDA did not say anything dire enough to spell really bad news for the company, Pete said. He’s confident enough that he bought Biogen after the warning was issued.
WEEKEND AT EDDIE’S
The headline: Eddie Lampert’s Sears [SHLD
Loading...
()
] May Report Earnings Thursday as Awful as ‘Weekend at Bernie’s 2’
Sears earnings will undoubtedly be a horror show, Jeff Macke said. Sears is simply not a good retailer, according to him. But its earnings could be the litmus test for other big-box retailers coming up. Since the expectations are so low, Jeff said the stock could bounce but he wouldn’t own it for anything more than a trade.
Check Out These Other Posts |
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .
Trader disclosure: On Feb.27, 2008, 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 (XTO) Calls, (JEF) Calls, (CNET) Calls, (BIIB), (C), (CSCO), (MS), (MSFT), (XLF), (YHOO) Calls; Macke Owns (INTC), (DIS), (ATVI); Seymour Owns (AAPL), (CSCO), (INTC), (MER), (MSFT), (SHLD), (TSO);Seygem Asset Management Owns (INFY), (EWT), (AUO), (UMC), (TSM), Gazprom, Is Short (PBR); Finerman Owns (HD), (GS), (LOW); Finerman’s Firm Owns (FNM), (MSFT), (YHOO), (WMT), Is Short (IYR), (IJR), (IWM), (SPY), (MDY), (LEH), Finerman’s Firm and Finerman Own (FLS)
NBC Universal is the parent company of CNBC
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes