'Fast Money' Recap: The Retail Blues

Najarian said airline stocks continue to look good with oil at such low price level.

Dylan Ratigan, the moderator of the show, shifted the discussion to President-elect Barack Obama's comments earlier in that day that he would double alternative energy production.

Under those circumstances, Seymour said he liked Solafun Power(SOLF Quote) and First Solar(FSLR Quote). Adami said he liked URS(URS Quote) for its nuclear business.

In the options corner, Najarian told viewers to keep an eye on Elan(ELN Quote), which is a partner with Biogen(BIIB Quote). He said there was heavy options activity today in Elan.

Ratigan shifted the discussion to one of the big business stories of the day that involved Citigroup (C Quote)(C Quote) signing a deal with top Democrats in the Senate that would allow bankruptcy court judges to modify the terms of distressed mortgages.

Sen. Charles Schumer (D, New York) called the deal a "breakthrough" that could help 60% to 70% of the homeowners threatened with foreclosure. With Citigroup breaking the dam, Schumer expects the banking industry to get behind the deal and believes there is a "real chance" to get it in the stimulus bill.

With the jobless report coming out Friday, Ratigan asked Tony Crescenzi, a market strategist for Miller Tabak, for his observations. Crescenz said that while the expected large jobless figure may produce "scary headlines," it also shows companies are making rapid adjustments in their payrolls to deal with the economic downturn. And he expects these adjustments will be deep and substantial in the next few months before the situation begins to subside.