Fast Money Recap

Word On The StreetWORD VIDEO HERECitigroup TakeCitigroup (C) is holding an investor meeting on Friday to discuss the company’s future. Finerman said she hopes Citigroup CEO Vikram Pandit will consider spinning off the consumer banking business. Macke said don’t expect the company to announce anything important. He thinks the bank will just keep buying time. Adami said investors should buy the dip if the stock sells off….
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  8 May, 2008| Economy | @ 18:28

Fast Money Recap

POPS&DROPSPOPS- AbitibiBowater (ABH) traded up 11% despite reporting a loss of $248 million. Adami called it a classic relief rally. R.H. Donnelly (RHD) soared 29% after the publisher beat profit estimates. Finerman warned investors that RHD is highly leveraged. Manitowoc (MTW) traded up 5%. Adami said buy MTW.DROPS- Toyota Motor (TM) fell 4% after the auto maker forecasted a profit fall. Adami said avoid this stock. Home Depot (HD) dropped 2%. Macke advised investors to buy the dip. Kaiser Aluminum (KALU) fell 11%. Finerman disclosed she bought the dip Thursday. Nike (NKE) fell 3%. Najarian said don’t worry it’s just profit-taking. Warner Music Group (WMG) lost 2% after the recording and publishing company reported a loss and eliminated its dividend. Macke said the stock is going to zero. Hansen Natural (HANS) plunged 15% after the drink maker missed profit estimates. Najarian said the stock was hurt after Goldman cut its forecast.T…
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  8 May, 2008| Economy | @ 17:38

Fast Money Recap

Trader RadarShares of Hansen Natural (HANS) were among the most actively traded stocks on the Nasdaq Thursday.Face2FaceRodney writes, “Will I see Goldman Sachs (GS) pop to $250 in the first half of next year?” Adami said Goldman could possible see $215. Andrew writes, You guys are pretty dead-on but I have been hurt by Crocs (CROX). Are they finally on track with international growth?” Macke said walk way from CROX.Final TradeA…
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  8 May, 2008| Economy | @ 17:25

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