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Two Day Losing Streak Snapped

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Stocks rallied to break a two-day losing streak. What’s the word on the Street?

TWO DAY LOSING STREAK SNAPPED:

The headline: ECB puts half a trillion into banking system and raw material, energy shares bounce.

Energy and technology led the market Tuesday explains Pete Najarian.

Jeff Macke considers the “action” in stocks Tuesday, to be bullish.

> Read more: ECB "Injection" Boosting Stocks, Pressures Bonds

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GOLDEN BOY NO LONGER?

The headline:Goldman Sachs (GS) Earnings Beat Estimates, But Shares Fall On Uncertain Outlook.

Goldman’s CFO said Tuesday, “We're cautious about the near-term outlook for our businesses.”

The cautious outlook hurt GS says Pete Najarian.

Karen Finerman wishes they had been more “transparent”. However, she remains long.

Guy Adami remains bullish on GS.

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THIS BUY MAY NOT BE BEST FOR LONG:

The headline:Best Buy (BBY) Posts 52% Surge In Profit, But Shares Drop On Disappointing Forecast.

Best Buy shattered estimates on sales of laptops, video games, as well as flat-screen TVs explains Jeff Macke. He likes this stock as a trade.

Meanwhile competitor Circuit City (CC) shares remain volatile ahead of earnings Friday before the bell.

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ORLOVS1
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AFTER HOURS ACTION: FIFTH THIRD BANCORP

The headline: Fifth Third Bancorp (FITB) Plans To Set Aside $275 Million In The Fourth Quarter To Cover Loan Losses.

Forget this stock, says Pete Najarian. Instead he recommends following Warren Buffet into Wells Fargo (WFC) and US Bancorp (USB).

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AFTER HOURS ACTION: TD AMERITRADE

The headline:TD Ameritrade (AMTD) Raised Its Outlook For Q1 Earnings On Tuesday, And Said Average Daily Trades Per Client Rose To A Record In November.

Pete Najarian likes this stock for it’s CEO Joe Moglia.

It might be a little ahead of itself cautions Guy Adami. I wouldn’t go diving in, he says.

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BGES
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AFTER HOURS ACTION: DARDEN

The headline:Darden Restaurants Inc (DRI) Reported A Nearly 30% Drop Tuesday Due To Soft Sales And Higher Food And Acquisition Costs.

There’s no reason to go shopping in any of the casual dining names, says Jeff Macke.

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AFTER HOURS ACTION: PALM

The headline: Treo maker Palm (PALM) drops after earnings, revenue forecast fall short.

I still think they can turn it around, but don’t bother with the stock says Jeff Macke.

APPLE KEEPS I ON JAPAN:

The headline:Apple (AAPL) In Talks With Mobile Operator NTT DoCoMo To Sell iPhone In Japan.

The stock should rally on this news says Pete Najarian. He adds on a pullback it could be a buy.

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VOW3
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COAL IN YOUR STOCKING?

The headline:Joy Global (JOYG), Mining Equipment Maker, to Report Earnings Wednesday.

Guy Adami explains JOYG is an extremely volatile stock and he recommends it for a trade.

Also coal is a good Christmas play on “naughty,” Jeff Macke interjects!

HEALTHY ACTION:

The headline: New Eli Lilly (LLY) CEO Just One Of Several Developments Tuesday In The Health Trade.

Chief Operating Officer John Lechleiter will succeed Sidney Taurel as Lilly’s new Chief Executive explains Dylan Ratigan.

Pete Najarian says the move was expected and he feels the company “looks good” for 2008.

Guy Adami adds LLY is another volatile stock but it’s worth a look.

On a related note, biotech companies Genentech and Medtronic plan to buy a 15% stake in Chinese medical device maker for $221 million.

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LLY
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WHY IS EVERYONE SELLING?

The headline: December U.S. Equity Fund Outflow On Pace To Be Highest Since July 2002.

U.S. equity funds posted an enormous outflow of $12.9 billion on the five days ended Friday, December 14, bringing the month-to-date outflow to $16.1 billion, explains Dylan Ratigan.

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Trader disclosure: On Dec. 18, 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), (DIS), (INTC); Najarian Owns (BIIB), (C), (ETFC); Najarian Owns (GOOG) Options, (GS) Options, (WYNN) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (SUN), (TSO), (VLO), (YHOO); Finerman's Firm Owns (BEAS) Options; Finerman's Firm Is Short (SPY), (MDY), (IYR), (IJR), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Calls; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts Finerman's Firm Owns (MDY) Puts; Charles Schwab Is A Sponsor Of "Fast Money"