AXP jumped on earnings at 4:08. MA moved up 50c and V didn't even blink.Quote from osubeavs:
The AH jump was due to American Express beating analysts 1st qtr estimates. Fast Money pumping it probably didn't hurt as well. I bought in at 59.50 the day of the IPO![]()
Yeah, I caught that segment on my Tivo replay of Fast Money tonight. They sure were pumping the hell out of Visa, saying they expect Visa to trounce earnings estimates next week LOL.Quote from paj:
AXP jumped on earnings at 4:08. MA moved up 50c and V didn't even blink.
At 5:25, just as Fast Money were pumping, V jumped over $3. MA moved up another $2 and AXP barely moved.
V's pop was all down to Fast Money. Hopefully, the Amex earnings will help keep the gain through tomorrow.
I was watching Visa move up afterhours, and it was on pretty heavy volume (100 - 200k shares). I was wondering what the hell was going on.Quote from stock_trad3r:
Hmm I didn't know fast money could move a stock that much.
Fast money tends to pump AAPL and RIMM into earnings. I noticed this last quarter cause Najarian was pumping RIMM and it went up $2 in the AH as a result. A possible play could be to buy a TON of RIMM and AAPL the day before earnings and wait for fast money to give the stock a slight lift and then sell it the following morning. You could probably make 1% doing that, but on leverage it could translate to 4%. Repeat each quarter.
Fast money tends to focus on larger cap, quality companies and they are always bullish on AAPL RIMM GOOG V
I alos wonder if there is a fast money 'fade' affect as is the case of mad money?