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Global Growth Vs. Credit Crunch: The Dow Dilemma

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MOVERS AND SHAKERS

The headline: Global Expansion Or Financial Distress: Which Force Will Dominate This Market

Guy Adami says earnings are strong and in the stock market it all comes down to earnings.

Pete Najarian says he saw enormous put buying in the Financial Select Sector SPDR (XLF) and that suggests to him that weakness in financials is not over.

Eric Bolling says Goldman Sachs (GS) is the litmus test for the financials and they performed well.

Jeff Macke remains cautious.

Symbol
Price
 
Change
%Change
S&P 500
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GS
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GREAT JOBS:

The headline:Apple (AAPL) Jumps After Hours On 75% Surge In Profit

Eric Bolling loves Apple and says the company is selling more computers on the success of the iPhone.

Symbol
Price
 
Change
%Change
VOW3
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DID YOU BAIDU?

The headline:Baidu.com (BIDU) Soars As Much As $45 In Extended Trading After Quarterly Profit More Than Doubles

Pete Najarian tells the panel not to chase BIDU – but if you own it be happy.

Symbol
Price
 
Change
%Change
BIDU
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BEAT COP:

The headline:ConocoPhillips (COP) Shares Climb After Earnings Beat Estimates; Exxon Mobil (XOM) Extinguishes Fire At U.K. Refinery

Eric Bolling says he’s concerned about production levels; COP production dropped 7%.

He adds if this is a trend the oil companies might not make their numbers. He says if Exxon and Chevron (CVX) maintain production levels then XOM and CVX are buys.

Symbol
Price
 
Change
%Change
COP
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CVX
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XOM
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EARNING’S EDGE: TRAINS:

The headline:Norfolk Southern (NSC) Profit Tops Estimates, But Revenue Edges Lower

Guy Adami says the rails have had a good run and he recommends taking some profit. He adds although the rails are a short term sell, they're a long term buy.

Symbol
Price
 
Change
%Change
NSC
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EARNING’S EDGE: PLANES:

The headline: Boeing (BA) Shares Take Off On Strongest Earnings Since 2003

Guy Adami says BA is explosive but adds this isn’t the time to get into this stock.

Symbol
Price
 
Change
%Change
XCS
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EARNING’S EDGE: AUTOS:

The headline: DaimlerChrysler (DCX) Shares Jump As Mercedes Unit Profit Nearly Doubles; Banks Postpone $12B Chrysler Debt Offer After Investors Balk

Guy Adami is keeping his eye on Ford’s (F) earnings which come out Thursday. He’s cautious on cars.

Pete Najarian says he loves DCX because they’re a fuel efficient car maker. He also likes Toyota (TM) for the same reason.

Symbol
Price
 
Change
%Change
F
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7203.T
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Wii CAME, Wii SAW, Wii CONQUERED:

The headline: Nintendo (NTDOY) Profit Soars Fivefold On Wii Console, DS Handheld Device Sales

Jeff Macke says Nintendo will sell more consoles this year than Microsoft’s Xbox (MSFT) and Sony’s Playstation 3 (SNE) combined. Jeff and Eric Bolling agree that NTDOY stock is a buy. Guy Adami feels differently, he wouldn’t get into Nintendo at current levels.

Console Shipments June 2007

Nintendo DS 562,000

Nintendo Wii 381,000

Sony PSP 290,000

XBox 360 198,400

Playstation 3 98,500

Symbol
Price
 
Change
%Change
MSFT
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Trader disclosure: On July 25th 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 (ATVI), (JWN) Bolling Owns (BP), (XOM).