Fast Money's Earnings Stock Plays
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Date updated:10-21-2009

How should you trade the earnings season? The "Fast Money" traders have plenty of ideas on how to play the top stocks, before and after, they report their earnings numbers.

symbol name last price % change open
  • +
  • WFC
    Wells Fargo & Co
  • $26.49
  • -3.50%
  • $27.52

Our price target on Wells Fargo (WFC) is $33, says Stifel Nicolaus analyst Chris Mutascio. I’m holding Wells Fargo preferred, reveals Karen Finerman. UBS came out with a sell and a $20 price target, reminds Guy Adami. I wouldn’t short this stock but I’m curious to see how it trades.

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • MS
    Morgan Stanley
  • $30.20
  • -1.31%
  • $30.91

Clearly the stock has had a nice run, says Guy Adami.. I’d take a wait and see approach to this stock. I like Morgan (MS) but the stock hit a 52-week high, adds Pete Najarian. It makes me wonder just how strong business has to be to take shares even higher.

People owning MS also tend to own: AIGBACCPWRDISFWLTGS

TheStreet.com Rating: No Rating What is this?

  • +
  • YHOO
    Yahoo! Inc.
  • $15.11
  • -1.31%
  • $15.34

Don’t look at the absolute number, counsels Sanford Bernstein analyst Jeff Lindsay, look at projections instead. Expectations are in the basement. The bar is so low that if they just turn up, Yahoo! (YHOO) wins. If the stock gets whacked on weak results, I’d get long adds Guy Adami. I like the stock right here, counters Pete Najarian. I think the stock could go to $23. At $17 I see much more upside than downside.

People owning YHOO also tend to own: CBSDISGOOGNWSTWXVIAAIG

TheStreet.com Rating: C What is this?

  • +
  • CAT
    Caterpillar Inc
  • $58.20
  • -1.26%
  • $59.12

Adami said he thinks Caterpillar (CAT) is overvalued. He said the company's third-quarter profit is down 36% from a year ago while the stock has jumped from $41 to $59.61, "There's a disconnect there," he said.

People owning CAT also tend to own: AAALLAPCBABACCCBH

TheStreet.com Rating: C+ What is this?

  • +
  • AMGN
    Amgen Inc.
  • $56.55
  • -1.65%
  • $57.34

Eric Schmidt, an analyst with Cowen & Co., said Amgen's (AMGN) track record in the first two quarters has been inconsistent, lurching from a lousy first quarter to a good second quarter. He said he would "feel good" if the company hits $3.8 billion on the revenue side in its earnings report.

People owning AMGN also tend to own: AAPLGESGPCECEMRVLOMRIANF

TheStreet.com Rating: B What is this?

  • +
  • BRCM
    Broadcom Corporat
  • $30.30
  • -0.46%
  • $30.47

Adami said Texas Instruments has a lot of good things going for it. Terranova said Texas Instrument and Apple results set up well for Broadcom (BRCM).

People owning BRCM also tend to own: CTSHGOOGINFYMRVLPTIREDFSAY

TheStreet.com Rating: C What is this?

  • +
  • AMZN
    Amazon.com
  • $141.17
  • -0.76%
  • $143.70

Looking ahead to other tech earnings, Jeffrey Lindsay, an analyst with Sanford Bernstein, said Amazon (AMZN) is already priced for perfection and that any surprises would be "negative." He said he liked eBay (EBAY) more than Amazon because the beaten-down stock offered more potential upside.

People owning AMZN also tend to own: AAPLAMTATHRBEASCTSHEMCGOOG

TheStreet.com Rating: B What is this?

  • +
  • EBAY
    Ebay Inc.
  • $23.60
  • -0.67%
  • $23.93

Looking ahead to other tech earnings, Jeffrey Lindsay, an analyst with Sanford Bernstein, said Amazon (AMZN) is already priced for perfection and that any surprises would be "negative." He said he liked eBay (EBAY) more than Amazon because the beaten-down stock offered more potential upside.

People owning EBAY also tend to own: AESCKHCTRPDRHENSLFBG.OBPEIX

TheStreet.com Rating: C+ What is this?

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Q. I think that you've got to be lo...
12.03.09 | 21:01 PM Asked by DogBones

A. " I think that you've got to be
long here, despite the imminent monthly
jobs number."

um...yeah...youre correct...except you
can replace the comma above with one big
giantic period. The Fed (world
banks/govts) are practically holding a
gun to everyones head FORCING them to
take on risk (buy assets) - hands down
that trumpts any argument anywhere about
anything... Benanke made that very clear
weeks ago... yet the very obvious weekly
head fakes continues.

Who would want to fight the Fed here?
None of us retail folks should be
selling based on bogus scares (like ANY
bad numbers, Dubia, or any of the many
LAME reasons we've heard since August),
unless that selling is part of our plan.
I dont know why everyone is mincing
words (even Cramer, although today he
was a tiny bit more explicit). Just say
it!!! "There are absolutely no
reason to be afraid of the market,
people must escape falling currencies by
purchasing assests!!!"...which is
exactly what the Fed wants...when the
dust settles, JOBS WILL BE CREATED...at
least that appears to be the plan...The
Fed is at "DEFCON 1", an
election year is coming up...They are
forcing some stuff to be fixed here;
attacking from all sides; you will be
swashed trying to get in their way...at
least thats how I see right now (lol). I
do not know if things will work out for
them (Great Depression II?), but so far
theres nothing showing it will not. USA
rocks!!!

lol...I probably shouldnt be saying this
today; jinxing myself; because Im
expecting tomorrow is quiet or down (not
UP!!!!), so I can get grab some
goodies...I really shouldnt be
advertising how bogus it is...but yeah,
I cant really see anyone SERIOUSLY being
anti-long anywayz, so its not like
breaking news (lol).

To answer your question(s), my guess is
the numbers will be SPUN so that Friday
is a bad day ...just like the most of
the Fridays...lol...I am amazed that
such trickery works each week...but youd
better get ur shorts/inverses outta
there quick, cause you know what happens
next...same old story...even though I am
cant see this trickery working anymore
Fridays for the rest of the year.

Have Fun!

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