The guys go behind the headlines and give you their take on... Best Buy earnings...how high the NYSE share price will climb... and more.
WITH A BOW ON TOP:
The headline: Packaging Company Owens-Illinois (OI) Jumps After Lehman Raises Target Price
The word: Eric Bolling says he also likes Crown Holdings (CCK) because both of these companies are moving out of plastics and into glass and metal.
The headline: Best Buy (BBY), Circuit City (CC) Shares Fall After Earnings On Sales Forecast Fears
The word: Pete Najarian says the news from CC was very negative, however, BBY had positive news making Best Buy a nice buy.
The headline: Micron (MU) Drops After Posting Quarterly Loss On Memory Chip Weakness
The word: Tim Strazzini says MU’s earning report was complete nonsense and thinks this is a terrific time to short this stock. And, he adds, get shorter Advanced Micro Devices (AMD). In the chip space Tim recommends investors stay long SanDisk Corp. (SNDK), STMicroelectronics (STM) and Broadcom (BDCM).
TWICE IS NYSE:
The headline: NYSE (NYX) Euronext Deal Closes, Thain Eyes More Expansion
The word: Guy Adami says the deal will make them a huge international exchange and with John Thain running the show, Guy thinks it’s a $125 dollar stock.
The headline: Monsanto (MON) Shares Surge As Corn Sales Jump On Ethanol Demand The word: Eric Bolling says MON is a great stock. He recommends buying seed companies before the first drought.
Dylan adds that Bunge (BG), part of Eric’s “Ag Play” picks didn’t perform well today. Eric explains the problem was, they were short soybeans, but still recommends buying Bunge on this dip.
In case you don’t remember Eric’s “Ag Play” – he recommends playing the agriculture space by investing in Monsanto (MON), Agrium (AGU), Deere (DE) and Bunge (BG).