This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

'Fast Money' Recap: Gold Glitters in Flat Market

Najarian remained upbeat about the company, saying it still has EDS, added some "monster" service revenue numbers and was on the upper-end of its full-year forecast. He told Ratigan he would buy HP on the dip.

Seymour was cautious about HP because 60% to 70% of its revenues comes from overseas where countries such as China, Russia and India are dealing with stagnant growth.

Seymour said he liked stocks like Potash (POT - Get Report) and Petrobras (PBR - Get Report) because they were the first ones hit in the deleveraging process and will be first one to rebound when things turn around.

Najarian said he liked Monsanto (MON - Get Report) because it will be providing products that will increase crop yields in drought-ridden areas of the world.

Ratigan asked Najarian to explain what is happening at Wells Fargo (WB), which has fallen to a 12-year low. Najarian said the drop might be due to a perception in the market that it hasn't been able to avoid the problems that have bedeviled other large banks.

Terranova said he believes Wells' fall might have to do with the problems of banks that are tethered to consumers as opposed to those in the capital markets.

Ratigan brought on Barry Ritholtz, CEO of Fusion IQ, to talk about the housing crisis. Ritholtz said home prices still have some ways to go before the situation stabilizes. He said prices, which have dropped 25% since 2006, need to fall another 15%. "We're just in the fifth inning," he said.

Ritholtz said Obama's new housing plan is not going to stop the market from taking prices to where they will eventually go.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
DBP $36.89 0.00%
DBB $16.42 0.00%
GLD $114.10 0.00%
MON $115.92 0.00%
PBR $9.78 0.00%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs