The “Fast Money” pros weigh in on two companies reporting after the close today — Texas Instruments and CSX — in our feature called, “Take Your Positions.”
Texas Instruments
Vernon Essi of Needham & Co. had a “hold” rating on the stock.
“You’re not going to see a lot of upside on that March guide. It might be a little better than consensus, but nonetheless I think people are going to sell on the print,” he said, adding that the share price was “a little ahead of itself.”
Pete Najarian: “I actually think you could see that upside. We could see something closer to $40 over the next few months.”
Steve Grasso: “You don’t want to really overbuy at this point, but I would be buying it on dips.”
CSX
Mike Murphy: “We’re buyers of CSX here.”
Brian Kelly said he would buy, but added that second-derivative coal names were also worth a look.
Pete Najarian: “If you want a real upside, go to KSU instead of CSX.”
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Trader disclosure: On Jan. 23, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: P. Najarian is long AAPL; P. Najarian is long BAC calls; P. Najarian is long C; P. Najarian is long JPM calls; P. Najarian is long MSFT; P. Najarian is long INTC; P. Najarian is long JCP; Murphy is long CHK; Murphy is long HAL; Murphy is long CSX; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns WFT; Grasso owns XLU;
For Steve Grasso
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 MU
Stuart Frankel & Co and it’s partners own NYX
Stuart Frankel & Co and it’s partners own PRST
Stuart Frankel & Co and it’s partners own WFT
Stuart Frankel & Co and it’s partners own XRX
For Brian Kelly
Shelter Harbor Capital is long XLE
Shelter Harbor Capital is long XLF
Shelter Harbor Capital is long KRE
Shelter Harbor Capital is long IWM
Shelter Harbor Capital is long KOL
Shelter Harbor Capital is long IDX
Shelter Harbor Capital is long EWU
Shelter Harbor Capital is long FTSE
Shelter Harbor Capital is long GLD
Shelter Harbor Capital is long SLV
Shelter Harbor Capital is long TLT
Shelter Harbor Capital is long US TREASURIES
Shelter Harbor Capital is long GERMAN BUNDS
Shelter Harbor Capital is long CORN
Shelter Harbor Capital is long WHEAT
Shelter Harbor Capital is long SOYBEANS
Shelter Harbor Capital is long JJG
Shelter Harbor Capital is short British pound
Shelter Harbor Capital is short Yn
For Vic Alboini
Jaguar Financial and supportive shareholders own just under 10% of RIM.
For Michael Harris
Campbell & Co. is short EUR/USD
Campbell & Co. is long AUD/USD
Campbell & Co. is long WTI Crude Oil
For Jeff Kilburg
Kilburg is long 10-year treasuries
Kilburg is long 30-year treasuries
Kilburg is long TLT
For Vernon Essi
(TXN)I, Vernon Essi, Jr., hereby certify that the views expressed in this research report accurately reflect my personal views about the subject company (ies) and its (their) securities. I also certify that I have not been, am not, and will not be receiving direct or indirect compensation in exchange for expressing the specific recommendation(s) in this report.
For Mike Genovese
(RIMM) The Primary Analyst (including his/her household) does not have a financial interest in the securities of the subject company(ies), nor does MKM Partners LLC habitually deal as principal in transactions in the securities referred to herein (or other instruments related thereto), including positions and transactions contrary to any recommendations contained herein held by the research analyst/household. The Firm has not engaged in transactions with issuers identified in the report. MKM Partners LLC does not make a market in the subject company(ies). The subject company(ies) is(are) not currently, nor for the past 12 months was(were), a client(s) of the Firm. The research analyst does not serve as an officer, director or advisory board member of the company(ies) and receives no compensation from it(them).