Think Global, Trade Local: Karen Finerman talks about ADRs and foreign exposure. Click here for the Fast Money Trade School Lesson of the week. |
The Fast Money five takes a look at the week's biggest market movers. | |||
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This week, the market had its best week in nearly five years. But as with everything, context is key, and considering the context of having the best week in nearly five years following the worst start of a year in decades, we begin to have less cause for celebration. In a week that saw the Fed lower rates, rumors of a bailout for beleaguered bond insurers floated about, and the weakest job growth in five years, one could be forgiven for not really knowing if this week's rally was a classic bear trap, or the work of some savvy investors sniffing out bargains. Time will tell. But as always, we look to future for our Fast Money opportunities, so let's begin. Next week will be considerably lighter on the economic front, but there will be a number of earnings and a few conferences to move the tape (keep an eye on Merrill's Pharma conference and Corning's investor meeting on Friday). Media stocks will take center stage next week, with News Corp. on Monday, Disney on Wednesday and Time Warner on Thursday. To what effect will the economic slowdown manifest itself in the earnings of entertainment companies? And will Disney continue to benefit from the weak dollar, as more and more foreigners come and spend their money and time on Space Mountain? But the big "Kahunna" of the earnings stories will be Cisco. We've seen an interesting divergence in the performance of tech names, as the more mature companies like Microsoft have posted great numbers, while the newer, hyper-growth names like RIMM and Google have gotten crushed. Which camp will Cisco fall into? We'll be watching, and I hope you will too. Remember, open markets are markets in which you can always make money. And we'll try to do just that all next week. See you then. . If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com |
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