joe, i know you've been in pfizer. >> yep. bought some pfizer. worked out real well. i think those earnings this morning were good. you look at the health care space, you are seeing significant underperformance. i talked last night about -- on the show about being out in california talking to a money manager with north of 1 billion, and they are heavily, heavily weighted right now in the health care space. they say health care retains pricing power, which i agree with. and when you look at allocations to the health care space, right now most folks are underallocated. >> i think scaramucci's been on pfizer. he mentioned that the other day. i would still sort of steer clear of pfizer. i don't think there's tremendous up side. but abbott labs at current levels with valuations and basically drugs coming off patent 2016 i think that might be a place to look as well. >> karen, you've got a couple too. cvs is one. >> they had pretty good earnings. i think today was not the day to have those earnings show. but still the story is very attractive here. but also names -- if walm

pfizer. middle guy was mr. merck. guy to right was mr. general mills. what's happening here is not just people are dump stocks, caterpillar, 3m and saying i'm going to the sidelines. classic rotation. they are going into the car and buying the pfizer and merck -- which, by the way, have the added advantage of just mr. pfizer report ad good number and mr. merck was the stellar number. general mills is -- did a split. we know splits are -- they do call the attention to what's going on well and ken powell is the -- what i'm trying to say is it is not just like a run for the hills. panic, gloom situation. we did that at the top of the show. what i am saying is that there's money going to a sector that's so beaten down that i think it is putting at a bottom. the last three days the drug stocks acted well. i think this was being foretold. this group is getting a rush of money. short-term outlook this is where you go. because i think that the others -- really a butcher block. which means there's a lot of knives coming down. no knives coming down in the drugs i

pfizer was one of a handful of healthcare stocks that were up today. was better than expected. it paid $68 billion for wyeth in october, and that helped fuel a 54% jump in sales. lipitor continues to be pfizer's best-selling drug, with sales up 1%. shares were among the few to beat back sellers, rising about 2% up to a six-week high. fellow drug giant merck also swallowed a big merger. in november, merck bought schering-plough for almost $50 billion. that helped sales more than double, with earnings beating estimates. eight of its ten biggest drug groups saw increases. m-r-k stock also bucked the weak trend, even though the low end of its 2010 forecast means results could miss estimates. a couple of other health stocks made some earnings-related moves. mckesson is the biggest pharmaceutical distributor in the u.s. profits were up, thanks to the h1n1 vaccine. the stock rallied 4%. but a light flu season hurt admissions at hospital operator tenet healthcare. earnings were better than expected, but its unpaid patient bills rose. the stock dropped 7%. as i

for ten years dan ross proudly worked in the lab at pfizer and then this headline, pfizer stuns michigan. the plant shuts down and for dan came the excruciating question, should i stay here in a town with nearly the highest unemployment rate in the nation? do i gamble with my life savings? he would take the gamble opening his own lab, but for months with his own small team, the bills would mount, and just this week he told us they've turned the corner and turned a profit. >> i've had two days off this year. we've already done more business in 2010 than we did in all of 2009. >> reporter: the number of new mail entrepreneurs is up. women up too. minority, african-americans also on the rise. and this around the corner is corporate headquarters. >> yes. >> reporter: tucked in the corner of this brooklyn loft, another reinvention. this is where the ceo is? >> yes, it is. >> reporter: saudia spent a decade in the movie business promoting movies like "my big fat greek wedding" but not in the script was the day her entire department got laid off. >> it was that, you know, do i take the safe rou

. >>> on the upside better than expected earnings from drugmakers pfizer and merck. >>> nissan is recalling more than 130,000 infinity g 35 to prevent the air bag from deploying. they're recalling coupes and 05-06 sedans. >>> bud light will soon be the official beer of the nfl again. a deal with anheuser-busch inbev is set. the league's official brew since 2001. >>> keep an eye on news corp. shares were up in late trade after the media giant posted upbeat earnings thanks to avatar's box office success and improving ad sales. >>> and finally a new pole finds that sen tty nurrians are text savvy. they're text messaging while 12% use an ipod. good for them. >>> well, the sharks are on the doorstep, a sports voice is silenced, and a shocking spectator experience. >>> plus, abracadabra, dwight howard and the magic down the hawks. your early morning sports headlines are straight ahead. >>> our warm spring is going to come to an end as one more shot of cold air from canada is on the way. your regional forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up,

pfizer stock today up 2% in the face of weakness elsewhere. goldman sachs added toymaker hasbro to its conviction buy list with a price target of $56 a share. the analyst telling clients hasbro is in the early stages of a renewed revenue growth cycle which will be helped by strong brands including transformers and sesame street. hasbro stock tonight nonetheless down 3%. let's head over to the nasdaq marketsite. melissa lee is standing by with a preview of what's coming up, "fast money" top of the hour. hi, melissa. >> hi there, maria. big show at the top of the hour on "fast money." first of all, we will trade the fear. the trades you want to have on long and short in light of this european contagion. and we'll also go through the trades you might want to have on if you believe the euro zone is destined to break up. and of course our traders will also give you their best ideas for opportunities amidst the sell-off here in the united states in terms of stocks you want to buy on the dip. and then joe terranova has his ear to the wall when it com

the celtics, lakers, betty white and wayne rogers, buy a classic stock with a great dividend and pfizere of the best. >> cheryl: all right. jonas? >> take two interactive rock star game and drop red dead resumption and it will be a super big hit. get it now w while the getting is good. >> cheryl: jonathan? >> safety deposit box key. one factor that is fueling goal to all-time highs is this collectivist notion that we're all in it together. it's prompting people to hide their wealth and pushing gold to higher

that brings you to pfizers and america and teva.e out and strong when you look at that time projections. the generic space, took a hit this quarter. i think some of these are opportunities and if you are looking for something that's less to this volatility you are looking at now thoeshgs are names that will probably do you well in the meantime. >> can you take a look at the health care space? does it look like it is all right technically. >> well, here is what it is. almost a case of just being contrarian. charts are so bad in many cases that they are good. it is just -- atrocious patterns. they are defensive. this is a time to be -- go for them. >> go for walmart and pfizer. >> couple that, though, with your view on the entire s&p 500. how does that chart look? is it -- does it look so bad it might look good? >> right. here's what we are playing for. s&p is okay. here's -- i think we are playing for the january highs. that's 11501, 160 or thereabouts. perfect bounce off the 150 average, 5. straight up three-month move. normal enoug

witness pfizer and merck actually up today.labs, a stock my charitable trust bought right in the middle of the downturn because of its great growth, its bountiful dividend not to mention a stock that's become ridiculously cheap. number two, you can buy the foods, especially general mills, as ken powell, the company's great ceo, wouldn't split the stock unless he's comfortable. hey, you can buy perrigo as a knockoff food and drug play. works fine for me after that great quarter. three, dividend plays. remember nrgy, the propane retailer? report aid good quarter today, yielded 4.7%, nothing to sneeze at. fourth, the oil spill in the gulf and the coal mine explosion in west virginia spell no drilling and no mining which mean those new marcellus gas plays i'm talking about. atlas energy and fuel gas. remember i brought the nfg on? they were really good. fifth you can own the utilities. capacity utilization's going up in the country. check out duke's earnings today. how about dominion? number 6. nike works going into its first analy

merck gaining 1.5% after beating profit estimates and pfizer adding 2% on a huge jump in first quarterenue. that's it from cnbc. now back to "hardball." >>> it will be interesting to me, and i'm not trying to introduce a conspiracy theory. but was this deliberate? you know, you have to wonder -- >> sabotage? >> if there was sabotage involved. >> what better way to head off more oil drilling, nuclear plants, then by blowing up a rig. i'm just noting the timing here. >> welcome back to "hardball." those are some of the comments from people on the right about the oil spill in the gulf yesterday on neil cavuto's show. former fecal director, michael brown, said this. >> only now is the president appearing to be engaged. and i think the delay was this -- it's pure politics. they don't say these things without it being coordinated. so now you're looking at this oil slick approaching the louisiana shore. according to certain noaa and other places, if the winds are right, it will go up the east coast. this is exactly what they want. because now he can pander to the environmentalists and say, i'

clients will say to financial let pfizer's what is wrong with you guys? advisers are getting 30% a year and media independent on wall street will say to the ceos your just to risk averse. you were living in the dark ages, get with it. management board of directors and government officials will all feel these conflicting pressures and when they react they will turn up the heat within the whole system and that climate experts and even people who are generally smart and why is would reassure everyone this time it's different. just as the head repeatedly done in the past and we know it won't be different. so what do we do? the history has to continue to clone itself. how can we make sure the lessons that we have learned are imbedded in our collective memory so that we can at least mitigate future crisis. and we have spent a lot of time thinking about this for citi how do like riggins institution for the future. we thought about it for the system, how we make sure the system internalizes the learning and i know of to the answers. one is regulation. to try to h