Sell off again today, led by big cap tech companies. NFLX and AAPL both got hammered today. But things might turn around tomorrow after the release of a few positive earning reports after hours today. Facebook is trading up about 13% after disclosing the home run quarter they just had. Paypal also released a very positive report.
Traders were especially anxious today after the Fed statement that led traders to believe that the Fed may not be done raising rates this year, we’ll see.
CNBC FAST MONEY FINAL TRADES 01/27/2016
Tim Seymour – Buy Boeing (BA), weak guidance on earnings, but this is a good level with nice free cashflow.
Pete Najarian – Buy Merck (MRK), unusual options activities in the March options.
Karen Finerman – Buy Bank of America (BAC), good value
Guy Adami – Buy Texas Instruments (TXN)
Jim Cramer’s Checklink to Finding a Bottom
- Fed narrative changes
- Political uncertainty resolves itself
- China cleans up its act
- All commodities bottom
- Oil stabilizes
- Geopolitical situation improves
- Zombie companies put to death