Stocks once again followed the move with oil today, as crude oil prices today traded up 4%, which was a catalyst for the market today, ending the trading session with its highest gain of the year.
The biggest story today has to be the 4Q earnings for AAPL that came out after hours. Apple came out with rather disappointing results, missing the top line, iPhone sales figure also missed, and iPad sales were a huge miss. Market was unsure which direction to go with this report, ultimately, the after hours trading ended with AAPL trading down by 2%.
CNBC FAST MONEY FINAL TRADES 01/26/2016
Dan Nathan – Sell Apple calls (AAPL), the stock will be trading in a range, sell calls against your long position.
Steve Grasso – Buy Bank of American (BAC), best of the financials, watch out for BAC.
Karen Finerman – Buy Golar LNG (GLNG), Karen thinks this stock has been way oversold.
Guy Adami – Buy Market Vectors Gold Miners ETF (GDX), Guy has been pumping gold this whole month, flight to safety in this bear market.