MERRILL's BLOWOUT PROFITS:
The headline: Is it Time to Take Profits After Merrill's (MER) Blowout 31% Profit?
Pete Najarian says when you get a great run into earnings, it’s time to release the stock and look somewhere else. He adds get out of the financials right after good numbers.
Tim Seymour tells the panel he likes MER long term.
BEAR HEDGE FUNDS “WORTHLESS":
The headline:Bear Stearns (BSC) Falls 2% In Extended Trading After Revealing That 2 Funds Are Nearly Worthless: WSJ
Eric Bolling says consequently, expect some broad weakness in the morning when the market opens.
Tim Seymour tells the panel to carefully watch companies with high risk debt exposure, but he doesn’t think this weakness is widespread.
Pete Najarian tells the panel he’s a buyer on the weakness, and adds investors should buy puts as protection.
CRUDE CROSSES $75:
The headline: What's The Best Way to Play Oil's March Toward $80 a Barrel?
Eric Bolling says Chevron (CVX) is performing better than ConocoPhillips (COP) and shows the panel numbers to prove his point. He calls CVX the best energy name out there.
Tim Seymour agrees that integrated oil stocks look good and he recommends BP (BP) and Total (TOT).