'Fast Money' Recap: Yahoo!'s Nice Beat

NEW YORK (TheStreet) -- The markets retreated Tuesday on disappointing housing data.

The Dow Jones Industrial Average lost 50.71, or 0.50%, to 10,041.48, while the S&P 500 dropped 6.85, or 0.62%, to 1,091.06. The Nasdaq fell 12.85, or 0.59%, to 2,163.47.

Despite strong earnings from Apple(AAPL Quote) and Texas Instruments(TXN Quote), the market slid on housing permit and new home construction numbers that fell short of expectations.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Melissa Lee, the moderator of CNBC's "Fast Money" TV show noted Yahoo!(YHOO Quote) was up more than 3% in after-hours trading on an earnings beat and encouraging search-ad estimates.

Pete Najarian said the market was encouraged by the comments about how the search ad market is stabilizing. Guy Adami said Yahoo! is a stock investors should get into on a pullback. "Carol Bartz got it right. It should be a $20 stock," he said. The stock closed at $17.17 today.

Tim Seymour said investors are still waiting for the company to come up with a comprehensive growth plan.

Jim Goldman, a CNBC reporter who is in on the conference call, said the report leaves investors wondering where the growth is going to come from. He said the company's growth in its earnings is more a reflection of an improving economy and than anything fundamentally happening at the company.

Goldman said Yahoo! is trying to execute a plan that will monetize all the various parts of its Internet business.