Pete Najarian remains skeptical on the homebuilding retailers. Let these stocks show they can rally before putting too much faith in them, he said.
INVESTORS LOVIN’ IT:
The headline:McDonald’s (MCD) Hits All-Time High on Strong November Same-Store Sales
McDonald’s is boring, but for all the right reasons. The company beats expectations on a monthly basis, Jeff Macke said, and it’ss along-term buy for exactly that reason. When analysts say it has topped – that’s all the more reason to keep buying it, he said. INVESTORS LOVIN' IT
AFTER HOURS ACTION: TEXAS INSTRUMENTS
As long as it can hold onto growth in Asia, the Middle East and Africa, Guy Adami expects MCD to continue to be worth owning.
AFTER HOURS ACTION: TEXAS INSTRUMENTS:
The headline: Texas Instruments (TXN) Soars on Mid-Quarter Update
Pete called the news a “great opportunity to sell” TXN. It’s an undiversified chip company facing too much competition, he said. The real indicator is PC sales – that’s what drives the complex higher and he thinks the best way to play that is with Intel (INTC).
Guy Adami would also buy Intel above $26 as the strongest of the semi names.
BIG CONFERENCE MOVING DRUG STOCKS
Buy TXN as a trade, perhaps, but definitely not for an investment, Jeff Macke said. “When the semiconductor industry gets a cold, TXN gets the bubonic plague.”
BIG CONFERENCE MOVING DRUG STOCKS:
The headline: The Drug Trade as American Society of Hematology Conference Continues
CEMENTING A DEAL
Celgene (CELG) disappointed at the conference and dropped over 14% Monday. But Pete Najarian thinks it was overdone and due for a sell off. Expect Celgene to rebound, he said.
CEMENTING A DEAL:
The headline: France’s Lafarge to Buy Cement Unit of Egypt’s Orascom for $12.9 Billion
NO CHECK, PLEASE
The growth in the Middle East cannot be ignored. Karen Finerma thinks Texas Industries (TXI) could be tapped to be a player there. Guy Adami reiterated a buy on Jacobs Engineering (JEC).
NO CHECK, PLEASE:
The headline: More Than 2/3 of U.S. Noncash Pyaments Last Year Made Electronically
Between the death of checks and the surge of online shopping, Mastercard (MA) is a long-term buy, according to Guy Adami. It doesn’t have the credit risk of its competitors because it isn’t a consumer story so much as it’s a transaction processing story. Other credit card makers were downgraded recently. Not Mastercard, though. Guy would continue to buy MA.
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Trader disclosure: On Dec. 10, 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 (DIS), Macke Owns (ATVI); Najarian Owns (ETFC), Najarian Owns (PHM) Options, Najarian Owns (TSL) Options, Najarian Owns (BHP) Options, Najarian Owns (GOOG), Najarian Owns (BIDU), Najarian Owns (EMC) Options; Finerman's Firm Owns Russell 2000 Puts, Finerman's Firm Is Short (MDY) And Owns (MDY) Puts, Finerman's Firm Is Short (SPY), Finerman's Firm Is Short (IJR), Finerman's Firm Is Short (IYR), Finerman's Firm Is Short (IWM), Finerman's Firm Is Short (MBI), Finerman's Firm Owns (LEH) Puts, Finerman's Firm Owns (GS), Finerman's Firm And Finerman Own (HD), Finerman's Firm Owns (LOW), Finerman's Firm Own (XHB), Finerman's Firm Owns (SKS), Finerman's Firm Owns (NYX), Finerman's Firm Owns (NMX) And (NMX) Options, Finerman's Firm Owns (TWX), Finerman's Firm Owns (TXI); Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC