AFTER HOURS ACTION: ORACLE
The headline: Oracle (ORCL) Earnings, Revenue Beats, New Software Licenses More Than Forecast
Pete Najarian likes Oracle going forward and reveals he bought shares 10 minutes before the close.
Guy Adami calls Oracle the best M&A firm in the nation. They roll up the software space like a steamroller, he says.
AFTER HOURS ACTION: NIKE
The headline:Nike Inc (NKE) Says Quarterly Profits Jumped 10% Helped By Strong International Demand And Higher Margins.
Jeff Macke suggests the market might sell the good news in Nike Thursday morning. He recommends buying any pullback.
The rest of the panel agree.
MORGAN STANLEY'S SINO SALVATION:
The headline:Morgan Stanley (MS) Posts Worse-Than-Expected Loss, But Shares Pop On $5B China Infusion.
CNBC’s Charlie Gasparino joins the panel for this conversation. Following is a synopsis of his main points.
- Morgan Stanley took a $9.4b write-down, more than twice initial estimate of $3.7billion says Gasparino.
- Morgan Stanley CEO John Mack's future could be in question because of writedowns and firing of Zoe Cruz according to Gasparino.
- Mack's chances of survival are now slimmer than previously reported. Gasparino says odds of ouster now 4 to 1.
- Jimmy Cayne, the Chief at Bear Stearns is likely the next to go Gasparino adds.
Pete Najarian doesn’t agree with Gasparino. He’s long Morgan and likes the stock.
LORD ALL FLIGHTY:
The headline:Sallie Mae (SLM) Plummets After CEO Albert Lord Unnerves Investors On Conference Call.
He was talking about slowing profit growth explains Tim Seymour. It’s hard to get fired up about a stock on that kind of news.
For a trade, Guy Adami recommends buying Sallie Mae Thursday morning with a tight stop.
Pete Najarian prefers Fannie Mae (FNM) or Freddie Mac (FRE).
WHALE WATCHING: LET HIM EAT CAKE:
The headline: Activist Investor Nelson Peltz Buys 10% Stake In Cheesecake Factory (CAKE).
Jeff Macke thinks it’s a selling opportunity. It’s a great place to eat but get out of the stock, he says.
PUTIN PERSON OF THE YEAR:
The headline: Time Magazine Names Russian President Vladimir Putin Its “Person Of The Year”
Why Putin? Russia has become relevant again because of Putin’s leadership explains Tim Seymour.
Who will be Fast Money’s Person of the Year? Vote Now!
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Trader disclosure: On Dec. 19, 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), (DIS), (SWY); Najarian Owns (C), (MS), (ORCL); Najarian Owns (RIMM) Options; Najarian Owns (BSC) Options; Seymour Owns (MER), Seymour Owns (MSFT); Seygem Asset Management Owns (CCJ) Uranium One; NBC Universal Is The Parent Company Of CNBC
