today it was a disappointing results from nokia. that took nokia stock down more than 13%. it was among the most active stocks today. it came as the market took down wireless chip company qualcomm for its disappointing outlook last night. and motorola got caught in the turbulence as well. speaking of telecom, verizon stock is less than $1 away from a new 52-week low. it was one of the leading losers of the dow industrials today. first quarter results came in as expected. wireless subscriber growth was driven by pre-paid customers signing up through partners like walmart, which means less money for verizon. cost cuts and price hikes were the first quarter recipe at hershey, leading to much better than expected profits. hershey easily beat the street with earnings doubling from a year ago. the firm also upped its 2010 forecast. that helped fuel the stock to a new 52-week high. it was back in mid-january when it dropped its effort to buy cadbury and since then, shares are up about 30%. you heard the sweeter news earlier on existing home sales, up for the first time in three mo

same way nokia. it was a laggard. people bought it. and it came in a couple -- you're looking at a 20%, 30% decrease in price in nokia because it was a laggard and as a ten-day outperformed the six months of the group. >> one of the things we pointed out on the program a couple of weeks ago was that with this credit crisis a lot of newspaper or competition in the local markets were not able to get credit and in fact shut down. so the newspaper business is in fact healthier than it was in other cycles. >> let's quickly go to b.k. on the prop desk. you've got some newspaper names because you are actually on the side of spike. when it comes to the showdown. >> i'm with spike on this one. there's a huge change that's happening here, particularly with the local media market. back in january supreme court ruled that corporations can directly spend on political advertising. names like media general, meg, blc, big play on texas politics. they have been screaming. i still think you get it with "new york times" and both of those names stilt have

the real handsets are the cheap ones, and this hurts nokia, too which will probably be trading down in the after-hours and tomorrow because the implication as cross the sector are very large. >> so as a low-end trade on the smartphone-s that dead at this point? just because there's so much competition the average selling prices are coming down and the margins are razor thin at this point-s that low-end dead and you only go to the higher end of the likes of an apple? >> the business is changing dramatically and for people like nokia the reality for them is their business is still the cheap handsets, not the smartphones. they're going to continue to dominate that landscape. but again, the margins are getting squeezed everywhere. and pap'll apple is exactly whe are pointing to with qualcomm. >> and it's one of the reasons i'm bearish on rimm. >> let's continue on, discuss netflix. this is a curious after-market mover after they released their earnings. they traded, as you see there, sharply lower, and then reversed. brian kelly is on the prop desk. he's been on the case. brian, why the re

focusing attention on the survival and study of jewish source materials, and activities during the nokia, as well as remarkable efforts to rebuild the jewish world after the war, this addition of attempts with the study of jewish life. during and immediately following the period of the assault. this afternoon we will seek the fruits of the labor. the first point of the series, "jewish responses to persecution, volume i, 1933-1938". the first volume edited by applied researcheresearch at the museum and doctor mark roseman of indiana university exams the initial years of persecution. 1933-1938. through the voices of the victims, letters, diaries, jewish community reports, communiquÉs and other documents. these documents illuminate history from the ground up and address questions as how did jews respond? what was it like for jews accustomed to full rights as citizens to have their lives become more and more restricted. how did german jews attempt to integrate. roosevelt of the devastating choices rescinded to them and their families? without these doctrines were left with only the perpetrat

you can see them on april 13th at club nokia in los angeles and then at coachella later this month.the bud light golden wheat outdoor stage. tomorrow night, martin lawrence, "science bob" pflugfelder, and music from jonathan tyler and the northern lights. yes. what happened to guillermo? he's gone? did guillermo -- did he get deported or something? is he gone? oh. let's just see where he usually stands. it's like he disappeared. all right, well, we'll move on. you know our first guest from "bottle rocket," "old school," "the royal tennenbaums," and other delightful films. starting friday, you can see him at his very whitest alongside chris rock, martin lawrence and tracy morgan in the new comedy "death at a funeral." please welcome luke wilson. [ cheers and applause ] >> jimmy: what's happening? >> thank you. how is it going? good to see you. js >> jimmy: i'm doing all right. you have the same look on my face i feel like when i walk out on a talk show. it's weird to have somebody yell your name and -- >> it goes from quiet to chaotic. >> jimmy: it's embarrassing. >> i'd like to do i

. >> nokia. >> tim, my man pete and john love it. i think it's posed to break out from this level. i think the stock longer term is a buy. >> bed, bath and beyond, up 4% today. patty, are you a buyer? >> you know, i think you've got to be. they just had blowout earnings. the consumer hasn't been spending on their homes for the past three years. they're back, at least spending a little bit. >> aluminum core of china also did well today. >> this is a stock that as it ballooned up earlier part of the year looks good. >> yahoo had a very good day today. john? >> as i was saying on "closing bell" today, yahoo is benefitting from google leaving china. and yahoo is gaining market share of the search. >> baidu has got to be the play. >> baidu is the play, but you can't buy nem direthem directly. but yahoo is undervalued. >> international game tag, up 3%. >> we talked about this in the "a" block. use 17.80 as your out. >> more "fast money" coming up after this. >>> welcome back to "fast money" live. forget about apple and goldman. tonight, we have something special. we're covering "under th

qualcomm shares plunging and nokia plunging 13% on a weak forecast due to stepped-up competition in the>> and posting earnings after the closing bell, amazon moving sharply lower, despite beating expectations. >>> microsoft also on the decline after hours, the tech giant beating on earnings and revenue as well, citing strong sales of windows seven and the xbox. now back to "hardball." >>> welcome back. we saw thousands of tea partiers rally in washington on tax day last week and a recent political poll shows the movement is split between social conservatives, who look to sarah palin as their leader and libertarians who look to congressman ron paul. it's an honor to have you, sir, you're a leader of a movement. sometimes you remind me of my hero growing up, who was in fact barry goldwater. and then i grew up and i began to see the complications of life like people get old and they don't have a lot of ability to save money, so they need social security and we need a civil rights bill, even if it was done under the interstate commerce clause. but the fact is it isn't always as clear and si

a kid came out with a nokia telephone, and when it stops working, it sends a message.is all of that low-cost technology and innovation. africans being able to text each other. there is really cool innovation, and it scales. >> i think you are right. i agree with you. what you're saying is as we hit obstacles, like international property rights, we put them back because those innovations will not skill unless you remove the obstacles. there is a lot of innovative capability, but there are a lot of places that are still poor, institutional, and that is -- >> what i find interesting is this arbitrage thing. like, in dubai, 90 percent of the people are ex pats. i can get passports for anyone in singapore. it is in striking range, a six- hour or seven-hour flight, and they make it easy. so that is kind of infrastructure place. >> in the chart, you have lots of countries. singapore is not on there. what happened? >> i think a lot of the stuff they are doing on the venture side is experimental. they are looking how did israel figure out. for me, personally, some of the barrie

one, this nokia portable cellular phone is just $595.ends by telling them it cost a lot more. >> yeah, those early cell phones were so high priced that i only had one through work and they looked and felt like a brick. in 1996 motorola changed that with the streamlined handset with the flip design but my bosses wouldn't buy that. it was also the first phone with a vibrate function but the only drawback, it had only 90 minutes of talk time. how far we've come. the cell phone, our pick for the gadget that most transformed our modern society. >> hey, guys. it's here. >> what? >> the new i-pad. >> thank you, apple. i cannot wait to use it. >> you're the man, daniel! >> good-bye. >> okay. so comedy central funny man daniel has his own take on the i-pad. while the new gadget has many uses, golf practice is not one of the obvious ones. starting tomorrow you can buy apple's newest wonder for less than 800 bucks. before you shop we're finding out exactly what the i-pad can do. joining us now from boston is a technology analyst. first of all, no g

we are calling them the ilosers, google, nokia, qualcomm, and rimm, four tech companies that plummeted after earnings last week. one thing they all have had in common, a common enemy, of course apple, which posted a 90% jump in profits. let's take a check on google because we just reported that goldman sachs removed google from the conviction buy list. also an iloser. why are you laughing? ♪ loser >> now you see it a little soft in the after-hours session as people start digesting this news. anybody brave tomorrow going to go in the market and buy this one? >> you know, with google i think you really need to see the volume. you need to see that massive liquidation for you to get excited about it. but no, i think google will be under pressure clearly over the next couple days. there will be some people that move to the sidelines. but longer-term i agree with timmy, i agree with goldman, the model's not broken. >> google's trading 530. their six-month price target is what? >> 680. >> that sort of softens the blow of being removed from the conviction buy list. >> if that's not a convictio

pepsi, nokia, blackstone are some of the one withes we're looking forward to today, christine. >> joining us to talk more about the issues or the day, aaron smith, managing director of europe fund financial. aaron, good to have you with us. we are focused on the earnings coming out from the u.s. right now. we had disappointing profit outlooks. markets are down. one day up, one day down. what is going to get us out of this trading range? >> christine, one day up, one day down, i think that the short-term focus is the problem in the markets. >> basically what we see from a technical standpoint, we don't see any technical information in the markets if you look tt at the rsi or any of the analysis tools that we have, that there should be a reversal in the market. the market is clearly in an up trend worldwide as equities have a high correlation. we don't expect that to change any time soon as long as the trend is to spend n u.s. as well as by any other major central banks worldwide. >> does that mean that we're in for an earnings recovery, that we're going to see top line growth? >> yeah, it

nokia may step in here, or motorola. i have no position in that, although i bought along with the other guys, because this was very fast buying. like you say, stock coming down from 5.5% to 2.70, like that. >> you've got to be playing this surely. >> you know, i spoke to jon about this earlier, and unfortunately i didn't pull the trigger. jon made a great point when we spoke on the phone before, and that is, a lot of people are short palm. this is probably not a one-day event. >> peace in our time. senior white house players saying china is indicating it will move on its currency, as treasury secretary geithner lands there tomorrow to press the flesh. zach, how will that change the way you position yourself? >> the headlines should be, i'm shocked there's gambling in casablanca. this has been the most telegraphed move in mankind. the chinese made it clear they intend to have the currency appreciate, much more slowly than american politicians want. this is good timing given that the treasury department will be a currency

i think even something like a nokia could hurt from that. but i do think that amazon could actually benefit because you could still buy books and still put it on your ipad. i would buy some amazon here. >> i didn't expect that, i have to tell you that much. didn't expect to hear you say you're a buyer. >> i have to shake things up. >>> want to move on and talk about a number of big names like microsoft, ebay, seeing big drops following earnings reports. could these downturns give you, though, a buying opportunity. lets start off with microsoft since they came out yesterday. see the stock crushed. eugene, is this one you could look at? >> i would buy microsoft here. large cap tech stock that people have learned to love to hate. if you look at their numbers, they were up 29% revenue in the areas and windows 7 is coming on strong. the deferral of income which was a hit which a lot of company's market cap. beat the street by 3 cents is very positive for microsoft. >> yeah. the tools revenue line, eugene, missed the street estimates and, also, th

>> we have a special group that deals specifically with community groups, including nokia. and through those channels is how you would speak apparently channels are working that is there an appeal i want to do after getting frustrated? >> company. >> are you, ms. she had. your first name is -- >> molly. >> molly sheehan. >> molly sheehan from chase. >> indicated that she can be the one who could be talked to on his. and the gentleman from texas. >> thank you, mr. chairman. there have been a number of editorials written about the approach of the administration on foreclosure mitigation. u.s.a. today wrote on the first of this month, quote, helps irresponsible lenders, barbers, unquote. "the wall street journal" the same day wrote, quote, instead we're heading toward your five -- year five of the crisis, to prolong the agony, one senior bank trader calls it quote pretending -- excuse me, extending and pretending. the question i have, i spent part of the congressional recess over easter speaking to a number of private equity funds, banks, within the dallas metropolitan area, w

i'm sure there is somebody in here that could tell me there is a lot of innovation in nokia but up until now they have had a hard time getting that into the product. they have market share but not so much because of innovation in product as much as cutting the price. >> can i add one thing? i think thatter is wren deputy is important -- i think that serendipity is important. when you look at the rise of different regions, it is unintentional, if the japanese had chosen gsn instead of their own version, you wouldn't have such growth. the fact that japan crippled itself gave opportunities to other countries. the account buyers in medical are sued zahn ease -- sudanese. you will find groups of people that develop expertise or innovations happen in certain place, but not usually because of some great government program. it is because one guy talked to some other guy, but i think what is important is to embrace the serendipity. the trick, and this is about innovating in agile developments. you see it in a dating site and then figure out what is successful. >> not everything you said is incorr