Financial News from Fast Money from 8/31/2009

Watson Pharmaceuticals, Inc. (WPI) Discussed on CNBC's Fast Money

Watson Pharmaceuticals, Inc. is in the news. Find out how this impacts WPI trading on Ockham Research.

Being short. I've taken off 80% of the plan on taking off the rest >> you heard mr. Schmo. >> karen. >> navigene in the hospital. Doing great. >> pete. >> general err ericks. I like WATSON PHARMACEUTICALS. >> i'm melissa lee. Halftime report. Back tomorrow at 5:00 for more "fast money" on cnbc. >> tomorrow, ruining the rally? The ambassador takes you to why china could be the blame. And are smartphones smart buys? John chen weighs in. Cnbc, first in business is all about heat mapping shows me where the money's moving. Twenty five hundredstocks... One quick look. That's where the action is. Amazing gadget... It's called the telephone. I can call td ameritrade anytime and talk trades, anything.

“… w at 5:00 for more "fast money" on cnbc. >> tomorrow, ruining the rally? The ambassador takes you to why china could be the blame. And are smartphones smart buys? John chen weighs in. Cnbc, first in business is all about heat mapping shows me where the money's moving. Twenty five hundredstocks... One quick look. That's where the action is. Amazing gadget... It's called the telephone. I can call td ameritrade anytime and talk trades, anything. …”

Boston Scientific Corporation (BSX) Discussed on CNBC's Fast Money

Boston Scientific Corporation is in the news. Find out how this impacts BSX trading on Ockham Research.

>>> time for a little options action. Pete, you're watching bsx. >> BOSTON SCIENTIFIC interesting tell you what, today what's interesting is the stock was a $6 stock about 3 1/2 months ago now it's nearly doubled to 11.75 when it closed but when it was trading 11.50 today an enormous number of puts were being maybe in speculation that there maybe the speculation that they actually want to get some we talk about how cheap things are right now. These were 20-cent puts. They're 50 cents out of the people are able to buy over 7,000 of these to buy protection if they're owning the stock. Speculating on the down side, there certainly could be a if you look at the chart there's

“… ading 11.50 today an enormous number of puts were being maybe in speculation that there maybe the speculation that they actually want to get some we talk about how cheap things are right now. These were 20-cent puts. They're 50 cents out of the people are able to buy over 7,000 of these to buy protection if they're owning the stock. Speculating on the down side, there certainly could be a if you look at the chart there's …”

Teva Pharmaceutical Industries Limited (TEVA) Discussed on CNBC's Fast Money

Teva Pharmaceutical Industries Limited is in the news. Find out how this impacts TEVA trading on Ockham Research.

This category already have expired patents. There's no pathway for the generic manufacturers to create a competitive drug. What needs to happen is you need an enabling law through congress. Then the fda has to bless a and then companies like TEVA and others can come out with competitive biogenerics that create competition in that market and bring prices down for everybody. So that is a real reform measure that gets at a root cause e problem. >> and that would be good for >> that would be great for including medco. >> mr. Snow, thanks so much for >> big smile on his face. >> everyone really -- >> he should have a big smile. His stock trades at the wrong valuation. It's going to grow around 20% I think the stock trades around 16, 17 times forward earnings. I don't think it's priced right. I think it should trade higher. It's been moving higher. It should be higher than it is

“… rs can come out with competitive biogenerics that create competition in that market and bring prices down for everybody. So that is a real reform measure that gets at a root cause e problem. >> and that would be good for >> that would be great for including medco. >> mr. Snow, thanks so much for >> big smile on his face. >> everyone really -- >> he should have a big smile. His stock trades at the wrong valuation. It's going to grow around 20% I think the stock trades around 16, 17 times forward earnings. I don't think it's priced right. I think it should trade higher. It's been moving higher. It should be higher than it is …”

Medco Health Solutions, Incorporated (MHS) Discussed on CNBC's Fast Money

Medco Health Solutions, Incorporated is in the news. Find out how this impacts MHS trading on Ockham Research.

This after we got word carl icahn has reduced his stake in yahoo to 4.48%. That is down from 5.45%. So a decline of about 1% for carl icahn and shares of yahoo moving lower in the after-hours time now for an obama trade as the mission's largest pharmacy benefit manager MEDCO HEALTH systems is the company at the center of the health care debate. Will health insurance and pharmaceutical stocks have traded sideways as washington mulls reform, medco is near a here to explain is the company's ceo, david snow. Mr. Snow, it is a pleasure to have you with us here at the show. >> why don't you handicap obama care for us? Because there are aspects of the plan that would benefit generic, which would be good for your business, but at the same time there has got to be a fear that once congress sort 6 gets its tentacles into a sector such as for instance, you to open up it might tax you on windfall

“… enefit manager MEDCO HEALTH systems is the company at the center of the health care debate. Will health insurance and pharmaceutical stocks have traded sideways as washington mulls reform, medco is near a here to explain is the company's ceo, david snow. Mr. Snow, it is a pleasure to have you with us here at the show. >> why don't you handicap obama care for us? Because there are aspects of the plan that would benefit generic, which would be good for your business, but at the same time there has got to be a fear that once congress sort 6 gets its tentacles into a sector such as for instance, you to open up it might tax you on windfall …”

Yahoo!, Incorporated (YHOO) Discussed on CNBC's Fast Money

Yahoo!, Incorporated is in the news. Find out how this impacts YHOO trading on Ockham Research.

Nasdaq we are live at the nasdaq square. Shares of YAHOO are moving lower this after we got word carl icahn has reduced his stake in YAHOO to 4.48%. That is down from 5.45%. So a decline of about 1% for carl icahn and shares of YAHOO moving lower in the after-hours time now for an obama trade as the mission's largest pharmacy benefit manager medco health systems is the company at the center of the health care debate. Will health insurance and pharmaceutical stocks have traded sideways as washington mulls reform, medco is near a here to explain is the company's ceo, david snow. Mr. Snow, it is a pleasure to have you with us here at the show. >> why don't you handicap obama care for us? Because there are aspects of the plan that would benefit generic, which would be good for your business, but at the same time there has got to be a fear that once congress sort 6 gets its

“… fter-hours time now for an obama trade as the mission's largest pharmacy benefit manager medco health systems is the company at the center of the health care debate. Will health insurance and pharmaceutical stocks have traded sideways as washington mulls reform, medco is near a here to explain is the company's ceo, david snow. Mr. Snow, it is a pleasure to have you with us here at the show. >> why don't you handicap obama care for us? Because there are aspects of the plan that would benefit generic, which would be good for your business, but at the same time there has got to be a fear that once congress sort 6 gets its …”

CBS Corporation Class B (CBS) Discussed on CNBC's Fast Money

CBS Corporation Class B is in the news. Find out how this impacts CBS trading on Ockham Research.

>> pop for international paper. >> they've been able to raise and today an unusual amount of calls in the 22 and 23 lines of international paper keep an eye >> I think you play them more >> how would you know? >> i'm just guessing. Drop for CBS, down 4%. >> pp. Only sold 65% of their super bowl spots versus nbc last year having sold 85%. Given what happened to the auto space that doesn't seem so bad prices are a little lower, >> a drop here for tidy whities. >> huh? >> not the kind you wear, I forget the lipstick indicator, the newest gauge of economic health is men's underwear. The theory goes as the going gets tough men hold off on buying new undergarments. Rate of decline is now starting to slow. A bullish sign for everyone.

“… >> pp. Only sold 65% of their super bowl spots versus nbc last year having sold 85%. Given what happened to the auto space that doesn't seem so bad prices are a little lower, >> a drop here for tidy whities. >> huh? >> not the kind you wear, I forget the lipstick indicator, the newest gauge of economic health is men's underwear. The theory goes as the going gets tough men hold off on buying new undergarments. Rate of decline is now starting to slow. A bullish sign for everyone. …”

International Paper Company (IP) Discussed on CNBC's Fast Money

International Paper Company is in the news. Find out how this impacts IP trading on Ockham Research.

Musicians. >> good for them. >> pop for INTERNATIONAL PAPER. >> they've been able to raise and today an unusual amount of calls in the 22 and 23 lines of INTERNATIONAL PAPER keep an eye >> I think you play them more >> how would you know? >> i'm just guessing. Drop for cbs, down 4%. >> pp. Only sold 65% of their super bowl spots versus nbc last year having sold 85%. Given what happened to the auto space that doesn't seem so bad prices are a little lower, >> a drop here for tidy whities. >> huh? >> not the kind you wear, I forget the lipstick indicator, the newest gauge of economic health is men's underwear. The theory goes as the going

“… sing. Drop for cbs, down 4%. >> pp. Only sold 65% of their super bowl spots versus nbc last year having sold 85%. Given what happened to the auto space that doesn't seem so bad prices are a little lower, >> a drop here for tidy whities. >> huh? >> not the kind you wear, I forget the lipstick indicator, the newest gauge of economic health is men's underwear. The theory goes as the going …”

JPMorgan Chase & Company (JPM) Discussed on CNBC's Fast Money

JPMorgan Chase & Company is in the news. Find out how this impacts JPM trading on Ockham Research.

Down 1% on the down tape. >> they didn't want to show, didn't want to reveal they didn't want their facial expressions to show how much positive data there really was. Positive data expected on migraine drugs. >> i'm going to get technical on you, melissa. JPMORGAN went down four days in a row last week. Great technical setup. Opens up today, trades down to 42.06, reverses and goes higher. What do you want to do with long 42.06. I bought it today. 42.06 is your stop. Builders. >> penny home sales tomorrow. You heard diana olick today talking about all the foreclosure properties coming this thing has had a tremendous I think it's going to go back >> we've got a pop for mariachi. I know, guy, you're a big fan of the mariachi bands. So I hear. >> yesterday apparently

“… . JPMORGAN went down four days in a row last week. Great technical setup. Opens up today, trades down to 42.06, reverses and goes higher. What do you want to do with long 42.06. I bought it today. 42.06 is your stop. Builders. >> penny home sales tomorrow. You heard diana olick today talking about all the foreclosure properties coming this thing has had a tremendous I think it's going to go back >> we've got a pop for mariachi. I know, guy, you're a big fan of the mariachi bands. So I hear. >> yesterday apparently …”

Allergan, Incorporated (AGN) Discussed on CNBC's Fast Money

Allergan, Incorporated is in the news. Find out how this impacts AGN trading on Ockham Research.

Time now for tonight's edition of "poms and drops." we kick it off with a pop for the nasdaq. >> we sit here every single night and looks like they're starting to gain even more that was the reason we see in >> we got a pop for ALLERGAN, down 1% on the down tape. >> they didn't want to show, didn't want to reveal they didn't want their facial expressions to show how much positive data there really was. Positive data expected on migraine drugs. >> i'm going to get technical on you, melissa. Jpmorgan went down four days in a row last week. Great technical setup. Opens up today, trades down to 42.06, reverses and goes higher. What do you want to do with long 42.06. I bought it today. 42.06 is your stop. Builders. >> penny home sales tomorrow.

“… wn tape. >> they didn't want to show, didn't want to reveal they didn't want their facial expressions to show how much positive data there really was. Positive data expected on migraine drugs. >> i'm going to get technical on you, melissa. Jpmorgan went down four days in a row last week. Great technical setup. Opens up today, trades down to 42.06, reverses and goes higher. What do you want to do with long 42.06. I bought it today. 42.06 is your stop. Builders. >> penny home sales tomorrow. …”

Caterpillar, Incorporated (CAT) Discussed on CNBC's Fast Money

Caterpillar, Incorporated is in the news. Find out how this impacts CAT trading on Ockham Research.

We made a new low, they didn't. We bounced back. So it may very well be we're in a little bit of trouble here, but we have to see over the next couple of weeks. Trading is still thin. The last two weeks still is a bit of a summer market. >> greg, let's drill down on an individual stock. CATERPILLAR, you're bearish on that according to the chart. >> yeah, I am because we didn't make a new high over the last we made a high a few weeks ago, we could not close above that high. Right now we've broke anne boff the 21-day moving average line. Still a positive slope at this point but qatarcaterpillar seems to be a little bit in trouble. If china is cooling off that will affect cat. >> greg, thanks for joining us at the nasdaq. Time now for tonight's edition of "poms and drops." we kick it off with a pop for the nasdaq. >> we sit here every single night and looks like they're starting to gain even more that was the reason we see in

“… ill down on an individual stock. CATERPILLAR, you're bearish on that according to the chart. >> yeah, I am because we didn't make a new high over the last we made a high a few weeks ago, we could not close above that high. Right now we've broke anne boff the 21-day moving average line. Still a positive slope at this point but qatarcaterpillar seems to be a little bit in trouble. If china is cooling off that will affect cat. >> greg, thanks for joining us at the nasdaq. Time now for tonight's edition of "poms and drops." we kick it off with a pop for the nasdaq. >> we sit here every single night and looks like they're starting to gain even more that was the reason we see in …”