AFTER HOURS ACTION: ORACLE
Oracle reported a profit that rose over last year and topped analysts' expectations by 2 cents a share, as sales of its database and business management software met its own estimates.
This chart is setting up like a classic head and shoulders, says Guy Adami.
HIGH FINANCE TO CHEESE
A week of pain for AIG took another hard turn on Thursday when it got booted from the Dow Jones industrial average, ending the shortest term any company has spent in the blue-chip index since the Great Depression.
Taking its place come Monday's opening bell is Kraft Foods . Emblematic of the current market turmoil, the maker of such comfort foods as Oreo cookies and Kraft Mac & Cheese was apparently seen as a better fit for the world's most-watched stock index than another risky financial company.
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Trader disclosure: On Sept 18, 2008, 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 (SDS), (WMT), (MSFT); Adami Owns (AGU), (BTU), (C), (GS), (MSFT), (NUE); Pete Najarian Owns (AAPL) And (AAPL) Collar; Pete Najarian Owns (ETFC); Pete Najarian Owns (MS) And (MS) Puts; Pete Najarian Owns (NOK) And Is Short (NOK) Calls; Pete Najarian Owns (RIMM) Call Spreads; Pete Najarian Owns (TSO) Call Spread; Pete Najarian Owns (WB) Put Spread; Pete Najarian Owns (WM) And (WM) Puts; Pete Najarian Owns (XLF) And (XLF) Puts; Finerman Owns (GS); Finerman's Firm Owns (MO), (MSFT), (NOK), (SUN), (TSO), (VLO); Finerman's Firm Owns (WFC) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (COF)