Sometimes The Guys Get Burned
Of course, nobody’s perfect! Click here to find out which of the recent picks didn’t quite pan out.
Tim Strazzini
On May 14th, The Risk Doctor recommended Applied Materials (AMAT) as a possible earnings play. He said "I think were going to get some positive things out of AMAT… The stock’s up 6% in 2 days with the market not looking that great.")
But the stock's off about 8% after the company posted a weaker than expected forecast.
Today Tim says if investors are long AMAT it’s okay to sell it here and he’ll say when to get back in. AMAT is dead money for a while, he adds.
Guy Adami
On May 4th The Negotiator recommended buying Cornell Companies (CRN), a provider of corrections and rehabilitation services. Guy said, “"A lot of arrests this week in Vegas, Dylan."
But disappointing earnings incarcerated this stock. Shares are off 5% since Guy's call.
Today Guy says CRN is great company but at bad level. Own it lower, he adds but not right now.
Jeff Macke
On May 10th The Lone Wolf went toe to toe with CNBC Contributor Herb Greenberg over Marvell Entertainment (MVL). Jeff said, "They've got movies coming out. They still have Captain America….Strap on your helmet. Get low on some aggressive stock!"
Turns out Herb's logic proved too strong for Macke's investment prowess. Profit taking sent shares down 6% since the call.
Today Jeff says he’s sticking with MVL because he thinks they still have a lot of ways to make money.
Eric Bolling
On May 15th The Admiral went to sleep and woke up with this trade. He said, “Last night I had a dream Google (GOOG) was down $70…I get into work today and one of my traders says I dreamed Google was down big last night. Swear to God. it’s a true story so for whatever its worth get out of Google.”
Eric's dream turned out to be a nightmare for investors. Shares are up about 2% since his sell call.
Today Eric says that was only 2 days ago. Wait and see.
Jon Vilma
And on April 30th, Jet's linebacker Jon Vilma paid a visit to the Fast Money set and recommended Under Armour (UA), a sports apparel company. (It’s worth noting Vilma is paid endorser of UA.)
Dylan says the stock is down 4% since the call.
Today Vilma says we all have our ups and downs. Jeff Macke adds there will be hiccups in the stock but he agrees with Vilma - it’s a buy long term.
Fast Fire
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| CSBF | Consolidated Biofuels Inc | 0.0001 | UNCH | UNCH |
| GOOGL | Alphabet Class A | 171.95 | +15.95 | +10.22% |
| UAA | Under Armour Inc | 6.80 | +0.11 | +1.64% |
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Trader disclosure: On May 17, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Macke Owns (JWN), Strazzini Owns (YHOO), (GE), Strazzini Is Short (GOOG); Bolling Owns (NMX), Gold; Silver; Coffee; Sugar; Bolling Is Short Crude Oil; Bolling Owns Natural Gas Futures
GE Is The Parent Company Of CNBC; Vilma Is A Paid Endorser Of Under Armour