Fast Money Recap: Bull Party Continues

On Sept. 14, a Credit Suisse analyst rated the stock an outperform. Adami also predicted that Fedex(FDX Quote) will rally on Thursday and investors should sell into the strength. (RealMoney Take: Andrew White said recently, "As estimates have declined -7% over the last three months, FedEx may (but not necessarily) negatively surprise." To read more on what White said, click here.)

Emerging Markets Trade

The iShares MSCI Emerging Markets(EEM Quote) hit a record high on Wednesday. This action prompted Merrill Lynch to tell clients that this is the last great buying opportunity for emerging markets. Is it time to get in?

Tim Seymour, of Red Star Asset Management, joined the crew to discuss the emerging market trade. Seymour explained that stocks around the globe shot up after the Fed cut rates.

He feels many of these markets are up too much to jump into right here. Seymour suggests investors buy Tenaris(TS Quote) on speculation of a takeover. Najarian asked Seymour for some liquidity plays in emerging markets and he pointed him to Russia via Vimpel-Communications(VIP Quote), Mobile Telesystems(MBT Quote) and Mechel OAO(MTL Quote).

The Old Soft Shoe

Shoe companies have been some of the hardest-hit stocks since July. Names like Collective Brands(PSS Quote) and Brown Shoe Company(BWS Quote) have taken double digit hits.

CNBC Retail Reporter Margaret Brennan joined the crew to discuss how investors can play the shoe trade. Brennan recently spoke with the CEO of Payless and the company blamed the decline on weather and the increased demand for products out of competitor Crocs(CROX Quote). Finerman hates when companies use weather as an excuse, but she thinks investors can buy PSS, BWS and Limited Brands(LTD Quote).

Goldman Sell Call

Dick Bove, an analyst for Punk Ziegel, is the only analyst on Wall Street who is telling investors to sell Goldman Sachs(GS Quote). Bove believes that the $700 billion in securities that GS holds are overvalued. He also feels that the hedge fund trading business is declining because fewer and fewer profitable products are being launched.