For the first time in awhile the equities market did not selloff after a 6% drop in crude oil price today. The market finished flat for the day for all indexes. S&P has rallied about 6% since the lows of Janurary 2016. Appears the earnings so far this season shows we may avoid the recession levels, GOOG was a good example with a nice healthy earnings beat that came out after market close today.
CNBC FAST MONEY FINAL TRADES 02/01/2016
Tim Seymour – Sell Netflix (NFLX), at 100 it’s a sell, back down to 85 or 90
Dan Nathan – Sell ExxonMobil (XOM), earnings tomorrow moring, sell in the 70s then buy with a 6 handle.
Karen Finerman – Wait on Google (GOOG), likes Google but wait on it a bit
Guy Adami – Buy Netflix (NFLX), taking the other side from Tim Seymour, it’s going higher