Looking more closely at the numbers, Starbucks' net income jumped to $217.3 million, or 28 cents per share, for the fiscal second quarter, from the year-ago quarter's profit of $25 million, or 3 cents a share.
What’s the trade?
If the stock breaks above $26, technically it's a break out signal, says Brian Kelly.
> For more coverage of Starbucks earnings click here
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BREAKING NEWS: GOLDMAN FRAUD CHARGES COINCIDENTAL
In breaking news, host Melissa Lee tells the desk that SEC Chair Mary Schapiro issued a statement effectively saying the charges brought against Goldman were not politically motivated.
The release triggered questions on the desk with Gary Kaminksy wondering why Schaprio would make that kind of statement – unless it was, in fact, politically motived.
Though many of the traders on the desk see the comments as a sign that the SEC doesn't have much of a case against Goldman, Anthony Scaramucci of Skybridge reamins cautious.
I’d be very worried if I were inside Goldman, says Scaramucci. You can’t be in a lawsuit with your regulator and not be concerned.
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Trader disclosure: On Apr 21, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Is Short June 2010 Crude Oil; Terranova Is Long December 2011 Crude Oil; Terranova Is Short Australian Dollar; Terranova Is Short Japanese Yen; Terranova Is Short Gold; Terranova Is Short (PCLN); Terranova Is Short (BRE); Terranova Is Long Japanese Yen; Terranova Owns (C), (XCO), (SWN), (TER), (HES), (AXP), (XCL); Terranova Owns (C) May Calls; Scaramucci Owns (GS), Skybridge Owns (GS); Najarian Owns (C) Calls;Najarian Owns (CLF) Call Spread; Najarian Owns (GLW) Call Spread; Najarian Owns (MRVL); Najarian Owns (UNP); Najarian Owns (YHOO) Call Spread; Kelly Owns (CXW) Calls; Kelly Owns (FXE) Puts; Scaramucci Owns (CIT), Skybridge Owns (CIT)
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