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Calls Of The Day: Freeport McMoRan, 3M

Tuesday, 30 Mar 2010 | 5:41 PM ET

Find out what top analysts are saying about Freeport McMoRan, 3M and more. How should you be positioned, now?

What should you make of it?

Freeport McMoRan

Citigroup put Freeport McMoRan on its recommendation list citing earnings power and strength in copper prices.

What should you make of it?

I think Citi may be a tad late, says Guy Adami.

From what I can tell FCX is heading toward $100, counters Joe Terranova.

  Price   Change %Change
FCX
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3M

Morgan Stanely said 3M could top expectations after rival Danaher announced an improved first-quarter forecast earlier in the week.

What should you make of it?

I don't agree, says Tim Seymour. I don't like this stock. It looks like a crowded trade.

  Price   Change %Change
MMM
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Netflix

FBR Capital analyst Heath Terry lifted his price target on Netflix to $85, from $71 citing new opportunity from a partnership with the Nintendo Wii.

What should you make of it?

I like the upgrade and I agree that the stock goes higher but I think they're late, says Guy Adami.

  Price   Change %Change
NFLX
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Calls of the Day
The Fast Money team discuss the upgrades of the day.

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Trader disclosure: On March 30th, 2010, 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 (IPI) Call Spread; Najarian Owns (MRVL); Najarian Owns (CLF) Call Spread; Najarian Owns (YUM) Call Spread; Najarian Owns (DOW) Call Spread; Finerman's Firm Is Short (IYR), (IWM), (SPY), (MDY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Preferred; Finerman Owns (BAC), (BAC) Leaps; Finerman's Firm Owns (FLIR); Finerman Owns (GOOG); Finerman's Firm And Finerman Own (GGP); Finerman's Firm Owns (NOK), (OSIP); Finerman's Firm And Finerman Own (WFC); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Is Short (EL); Terranova Is Short (GS); Terranova Is Short (CAL); Terranova Is Short (UAUA); Terranova Is Long May 2010 Crude Oil Futures; Cortes Is Short Euro; Cortes Is Short Treasuries; Cortes Owns (IWM), (IBB) vs. Short S&P; Edwards Owns (TM), (UUP)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (GOK)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLI)

For Patty Edwards
Edwards Owns (AAPL) For Clients
Edwards Owns (BA) For Clients
Edwards Owns (BAC) For Clients
Edwards Owns (C) For Clients
Edwards Owns (F) For Clients
Edwards Owns (GLD) For Clients
Edwards Owns (PGM) For Clients
Edwards Owns (GS) For Clients
Edwards Owns (GOOG) For Clients
Edwards Owns (MMM) For Clients
Edwards Owns (MOT) For Clients
Edwards Owns (MS) For Clients
Edwards Owns (MSFT) For Clients
Edwards Owns (NFLX) For Clients
Edwards Owns (NOK) For Clients
Edwards Owns (QQQQ) For Clients
Edwards Owns (RIMM) For Clients
Edwards Owns (SPY) For Clients
Edwards Owns (T) For Clients
Edwards Owns (TM) For Clients
Edwards Owns (VWSTX) For Clients
Edwards Owns (VWLTX) For Clients
Edwards Owns (VZ) For Clients
Edwards Owns (WFC) For Clients
For Heath Terry
FBR Capital Markets Is a Market Maker Or Liquidity Provider For (NFLX)

For Pip Coburn
Coburn Is A Partner In Buckeye Delta Fund
Buckeye Delta Fund Owns (AAPL)
Buckeye Delta Fund Owns (GOOG)
Buckeye Delta Fund Owns (RIMM)
Buckeye Delta Fund Is Short (MOT)
Buckeye Delta Fund Is Short (YHOO)
Buckeye Delta Fund Is Short (NOK)

  Price   Change %Change
FCX
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MMM
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NFLX
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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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