'Fast' Traders' Calls on 7 Stocks
As U.S. stocks rose in a volatile session on Thursday, the "Fast Money" traders tracked seven stocks in particular.
Transocean : The oil driller posted its worst earnings miss in five years on Thursday, Stuart Frankel's Steve Grasso said. Its charts aren't looking very good either, Grasso added. He won't get back into RIG until it hits its 50-day moving average at $53.11 a share.
DIRECTV : While the satellite television company's earnings-per-share for the third-quarter was a miss, options trader Jon Najarian was impressed by its subscriber growth. The company had 1.14 million net subscriber additions in the third-quarter, a key metric for any media company, Najarian said. He's a buyer.
WebMD Health : The Internet company's third-quarter net income missed expectations, Najarian said. To make matters worse, it caught a downgrade from Stifel Nicolaus and shares tumbled. The stock dropped through a key strike of $30 a share, so be careful.
Kraft Foods : The food company beat expectations with its third-quarter earnings results, trader Patty Edwards noted. More importantly, she said, company executives think they'll be able to increase prices because of inflation. Edwards remains long KFT.
Abercrombie & Fitch : The teen-geared retailer saw soft October sales, especially in Europe, where the region is being plauged by its sovereign debt crisis. Given the increased competition in the U.S., Edwards would stay away from ANF right now.
MercadoLibre : The Buenos Aires, Argentina-based Internet retailer crushed estimates for its third-quarter earnings results. Veracruz founded Steve Cortes is a buyer because as a growth company, he said it doesn't have significant debt. He also likes that it pays a small dividend yield.
RealD : This Beverly Hills, Calif.-based company's chart looks "miserable," Cortes said. The company enables digital cinema projectors to show movies in 3D. Cortes doesn't like the 3D business, but if he had to play it, he would rather go with IMAX .
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Trader disclosures for Nov. 3, 2011: JON NAJARIAN: Najarian is long; Najarian is long UTX; Najarian is long GMCR; Najarian is long AKAM; Najarian is long AAPL; Najarian is long IBM call spreads; Najarian is long CME; Najarian is long CBOE; Najarian is long CIGX. STEVE CORTES: Cortes is long Treasuries. Cortes is long K. Cortes is long DNKN. Cortes is short AAPL. Cortes is short DB. Cortes is short BAC. Cortes is short XRT. Cortes is short EURO. Patty Edwards is long XLK. Steve Grasso owns AA, AKS, ASTM, BA, BAC, D, KEG, LIT, MHY, PFE, S and XLU.
Trutina Financial is long
Trutina Financial is long ED
Trutina Financial is long EPD
Trutina Financial is long JWN
Trutina Financial is long TGT
Trutina Financial is long ACI
Trutina Financial is long KMP
Trutina Financial is long GLD
Trutina Financial is long PGM
Trutina Financial is long INTC
Trutina Financial is long QCOM
Trutina Financial is long WFM
Trutina Financial is long SBUX
Trutina Financial is long COST
Trutina Financial is long GOOG
Trutina Financial is long AAPL
Trutina Financial is long DRC
Trutina Financial is long ACI
Trutina Financial is long VLO
Stuart Frankel & Co and it’s partners own (CSCO)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own MET
Stuart Frankel & Co and it’s partners own MU
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own UAL
Stuart Frankel & Co and it’s partners own XRX
Deutsche Bank and/or its affiliate(s) has received non-investment banking related compensation from (Costco Wholesale Corp) this company within the past year
Deutsche Bank (and/or affiliates) owns 1% or more of any class of common equity securities of JC PENNEY COMPANY. JC PENNEY CO. company an Investment Banking client of Deutsche Bank.
Deutsche Bank (and/or affiliates) own 1% or more of any class of SAKS INC. common equity securities.
PD Enterprise Products Partners L.P.
Raymond James & Associates co-managed a follow-on offering of Enterprise Products Partners L.P. shares in December 2010.
Raymond James & Associates received non-securities-related compensation from Enterprise Products Partners L.P. within the past 12 months.
NGLS Targa Resources Partners L.P.
Raymond James & Associates co-managed a follow-on offering of Targa Resources Partners L.P. shares in January 2011.
Raymond James & Associates received non-securities-related compensation from Targa Resources Partners L.P. within the past 12 months.
PAA Plains All American Pipeline L.P.
Raymond James & Associates co-managed follow-on offerings of Plains All American Pipeline L.P. shares in November 2010, March 2011, and August 2011.
Raymond James & Associates received non-securities-related compensation from Plains All American Pipeline L.P. within the past 12 months.
FBR acts as a market maker or liquidity provider for the company's securities: QCOM.
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