Instant Insights with the Fast Money traders
If you’re a long term investor, you’ve got to be concerned about the very serious challenge posed by Facebook which is expected to go public over the next 12-18 months, says Joe Terranova. If you’re a trader, the 200-day is $15.48, he adds. If the stock breaks below that level I suspect we see a lot of selling pressure.
The only people who can cut their way to prosperity are surgeons and butchers and Yahoo! is neither, adds Guy Adami.
If I were to play this stock, it would only be on the hope that private equity comes in and carves this thing apart, counsels Tim Seymour.
AFTER HOURS ACTION: JUNIPER
Shares of Juniper sold-off in extended trade, after the company issued a tepid outlook; 30 to 33 cents per share, below the market's forecast of 34 cents a share.
The weak forecast trumped Juniper’s otherwise strong results.
Its fourth-quarter revenue rose 26 percent to $1.19 billion. That beat the market's average forecast of $1.12 billion, according to Thomson Reuters.
What’s the trade?
I like the stock and I think the pullback is an opportunity, says Guy Adami.
I’m also a buyer of Juniper on a pullback, says Joe Terranova. I think the fundamentals are positive.
TECH LED BY CISCO
Tech was the best performing sector on Tuesday with gains led by Cisco .
What’s the tech trade?
In the space, I’d put Oracle and Microsoft on the radar as value plays, says Guy Adami.
BREAKING NEWS: NIELSEN IPO
According to CNBC’s Kate Kelly, Nielsen’s offering has priced above its expected range at $23. The deal has 2 components, equity and convertible bonds. The offering is expected to generate $2.2 billion.
What’s the trade?
The metrics for measuring media are changing by the minute, reminds Tim Seymour. I’m not a buyer.
I can't get excited either, says Brian Kelly. I’m not sure the business model is sustainable or can show growth.
STREET FIGHT: GOLD
Gold settled at its lowest level in almost 3 months, on Tuesday. Is the sell-off about over or just getting started?
James West, author of the Midas Letter and part owner of a gold mine tells the desk the declines are nothing more than a temporary correction. He expects the precious metal to end the year between $1,500 and $1,580 an ounce.
Hear why. Watch the video now!