Enter multiple symbols separated by commas

America Is OK

Despite recession fears do strong results from MasterCard, Corning, and CBS suggest that consumers are still happily forking over cash?

On Tuesday MasterCard said first-quarter earnings more than doubled, beating expectations, helped by the weak dollar and increased spending on its cards.

Meanwhile, Corning reported consumer demand for flat-panel televisions grew in the first quarter, defying the weak U.S. economy, and tripling the specialty glass maker's profit while CBS Corp. came in much better than expected and reported a 14 percent increase in first-quarter earnings on higher syndication sales from its popular franchise "CSI."

How do you trade it?

Good companies are not whining about the economy, says Jeff Macke. I like GLW as well as Wal-Mart .

Corning had a great quarter, but I think you should take profit, counters Guy Adami.

Look at Apple which continues to work, says Pete Najarian. And check out Research in Motion , too.

Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On Apr. 29, 2008, 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 (INTC), (ATVI), (MSFT), (DIS); Najarian Owns (AAPL), (TSO), (YHOO), (XLF);Najarian Owns (CHK) Calls, (MSFT) Calls, (POT) Calls; Finerman's Firm Owns (GE); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MO), (MSFT), (PM), (TSO) (VLO); Finerman's Firm Is Short (GLD), (IYR), (MDY), (IWM), (RTY), (SPY), (COF), (SPG); Finerman's Firm Owns A Bullish Call Spread In (YHOO) And Owns (YHOO) Stock; Finerman's Firm Is Short The British Pound; NBC Universal Is The Parent Company Of CNBC; GE Is The Parent Company Of CNBC