I don’t agree that the stock was priced for perfection, counters Karen Finerman. At 12.5 times earnings, with a great balance sheet and a dividend yield I don't think it's priced for perfection at all. And I take weakness in this stock as a signal that we're going to see a broad tech sell-off on Tuesday. However, on a pullback I’d put the stock on my radar. Fundamentally the company is sound.
If IBM whooshes to around $135 I'd also be a buyer says Jon Najarian. The CFO says he sees an acceleration into the end of 2010 and I take that as a reason to own the stock.
If you have a long-term time horizon, I’d be comfortable establishing a position in IBM on Tuesday, says Guy Adami.
> IBM Profit Grows, Tops Wall Street Expectations
Got something to to say? Send us an e-mail at firstname.lastname@example.org 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 Web site send those e-mails to email@example.com.
Trader disclosure: On Oct.18, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman and Finerman’s firm owns (BAC); Finerman and Finerman’s firm owns (JPM); Finerman and Finerman’s firm owns (GOOG); Finerman’s firm owns (IBM); Finerman’s firm owns (MSFT); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Pete Najarian owns (AAPL) call spreads; Pete Najarian owns (BAC); Pete Najarian owns (ISLN) call spreads; Seymour owns (AAPL), (BAC), (MON), (GOOG), (POT); Jon Najarian owns (IBM) calls; Jon Najarian owns (AAPL) calls
For Colin Gillis
For Manoj Narang
For Mark Gulley
For Mike Khouw
CNBC.com and wires