Gordon Johnson, an analyst at Axiom Capital, doesn't see a bright future for the solar space, though. While individual solar names are likely to report positive fourth-quarter earnings, Johnson said German and Italian distributors are reporting weakness. In Europe, economic hardships are causing many countires to do away with subsidies for solar energy. Pricing pressure is another concern, so Johnson plans to sell solar stocks after they report earnings next week.
---
CALL THE CLOSE
At the end of Friday's program, the "Fast Money" traders revealed where they think the market could go and how they plan to trade it.
Nike shares fell after reporting earnings, but Virtus Investment Partners' Joe Terranova would buy it at current levels.
Grasso thinks the market could close at the 1,348 level on Friday. He recommends taking profits. Brian Stutland, an options trader agreed with Grasso, but would hedge with options.
Najarian is taking profits, 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 Web site, send those e-mails to fastmoney@cnbc.com.
Trader disclosure: On Feb. 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova Owns (VRTS), (C), (UPL), (GM), (MS), (SLXP), (TEVA), (BAX), (CVI), (RSX), (SU) and (CNQ). Steve Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MT), (MHY), (NDAQ), (PFE), (PRST) and (S). Jon Najarian owns (AKAM), is short (AKAM) calls. Jon Najarian owns (AXL), is short (AXL) calls. Jon Najarian owns (CSTR), is short (CSTR) calls. Jon Najarian owns (JNPR), is short (JNPR) calls. Jon Najarian owns (NBR), is short (NBR) calls. Jon Najarian owns (RSH), is short (RSH) calls. Jon Najarian owns (SVU), is short (SVU) calls. Jon Najarian owns (SWY), is short (SWY) calls. Jon Najarian owns (X), is short (X) calls. Jon Najarian owns (CAT), is short (CAT) calls. Jon Najarian owns (AMD), is short (AMD) calls. Jon Najarian owns (BBY), is short (BBY) calls. Jon Najarian owns (CME), is short (CME) calls. Jon Najarian owns (CBOE), is short (CBOE) calls. Jon Najarian owns (GNW), is short (GNW) calls. Jon Najarian owns (NYX), is short (NYX) calls. Jon Najarian owns (NVDA), is short (NVDA) calls. Jon Najarian owns (V), is short (V) calls. Jon Najarian owns (WMT), is short (WMT) calls. Jon Najarian owns (ARUN), is short (ARUN) calls. Jon Najarian owns (RIMM), is short (RIMM) calls. Jon Najarian owns (GS), is short (GS) calls. Jon Najarian owns (SPWRA), is short (SPWRA) calls
Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC
JOE TERRANOVA
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
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 (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DPUKF)
PATTY EDWARDS
Edwards owns (SPY) for clients
Edwards owns (XLB) for clients
Edwards owns (GLD) for clients
Edwards owns (SLV) for clients
Edwards owns (BA) for clients
Edwards owns (AMZN) for clients
Edwards owns (V) for clients
Edwards owns (JNJ) for clients
Edwards owns (AAPL) for clients
Edwards owns (GOOG) for clients
Edwards owns (VZ) for clients
Edwards owns (MSFT) for clients
Edwards owns (C) for clients
Edwards owns (GE) for clients
Edwards owns (TGT) for clients
Edwards owns (CME) for clients
Edwards owns (JWN) for clients
Edwards owns (PEP) for clients
Edwards owns (FXI) for clients
STEVE GRASSO
Stuart Frankel & Co and its partners own (ABX)
Stuart Frankel & Co and its partners own (ABT)
Stuart Frankel & Co and its partners own (AMGN)
Stuart Frankel & Co and its partners own (CSCO)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)
Stuart Frankel & Co and its partners are short (TIF)
GORDON JOHNSON
Johnson has no disclosures
BRIAN STUTLAND
Stutland is short (MOS) puts
Stutland owns (NEM), is short (NEM) calls
Stutland Equities is a market maker in VIX futures and options holding positions
CNBC.com with wires.