S&P 500 GIVES UP 2007 GAIN
The headline: Late-Day Sell-Off, Pushes S&P 500 Into the Red for 2007, Dow Below August Credit Crunch Low.
S&P 500 GIVES UP 2007 GAIN
Karen Finerman explains that she usually likes to buy dips, but today she had almost no buy tickets.
Pete Najarian calls it a tale of two tapes. He likes Apple (AAPL), Google (GOOG) and Research in Motion (RIMM). He says the tech horsemen are still running.
MOTORING...WHAT'S YOUR PRICE FOR GM?
The headline:General Motors (GM) Shares Turnaround, Prevent Market From Even Bigger Sell-Off.
Guy Adami recommends buying GM at current levels. He thinks it’s okay to get long with a tight stop.
BANKS LEAD FALL INTO RED
The headline: Bank Stocks Become Scapegoat For Market's Sell-Off Friday.
Buy puts on financials says Pete Najarian. I don’t like the tape he adds. “There's no need to pick your bottom!”
$100 OIL SCARE
The headline: Oil Fell From a Record to $97.39 After Report Shows Adequate Inventories at Oklahoma Hub.
Guy Adami thinks Tesoro (TSO) is still an interesting play in the space.
RED BLACK FRIDAY?
The headline: Consumer Sentiment Falls To The Lowest In 2 Years According To Reuters/University Of Michigan.
The Gap (GPS) cut it’s forecast for the year explains Jeff Macke and the stock took a hit. Buy the dip, he says.
Expectations are low in retail adds Karen Finerman. She recommends buying Limited (LTD) for it’s valuation.
Pete Najarian prefers Target (TGT) in the retail sector.
Guy Adami recommends buying the dip in Citi Trends (CTRN) ahead of its earnings.
The headline: Agriculture Plays Still Working as Deere & Co. (DE) Shares Surge on 52% Profit Increase.
"Both Goldman and Credit Susisse have $180 price targets on this stock and I think it’s a trade that works," says Guy Adami.
Also, look at Agco (AG) adds Pete Najarian.
OPTIONS ACTION: TIP ON TIBCO?
The headline:Call Options Active on Tibco Software (TIBX), Maker of Business Applications.
Options trading suggests to Pete Najarian that TIBX could go higher and he speculates Tibco could be a takeover target.
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Trader disclosure: On Nov. 21, 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 (YHOO), (INTC); Najarian Owns (COP) Options, (GOOG) Options, (TIBX) Options, (YHOO) Options; Finerman's Firm Owns (LTD), (TSO); Finerman's Firm Is Short (SPY), (IJR), (IYR), (MDY), (IWM), (LEH); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (GS)