This Day On The Street
Continue to site
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: U.S. Markets the Place to Be

NEW YORK ( TheStreet) -- The markets retreated Monday on concerns about eurozone contagion.

The Dow Jones Industrial Average fell 39.51, or 0.36%, to 11, 052.49 and the S&P 500 lost 1.46, or 0.14%, to 1,187.76.35. The Nasdaq went down 9.36, or 0.37%, to 2,525.22.

Joe Terranova said on CNBC's "Fast Money" TV show that oil, cloud computing and retail names performed well today. He said the only bugaboo was the systemic risk posed by the troublesome debt problems in Europe.

Tim Seymour said the U.S. markets are turning out to be the best place to be, with China tightening and Europe wallowing in debt problems.

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

Terranova cited a string of possible strong reports this week to back up his belief that the U.S. economy is improving. They included the upcoming Institute of Supply Management report, auto sales and a Friday jobs report that could push the number of jobs created in November to above 180,000.

Steve Weiss said he believed the U.S. market should have been up all day long from the strong retail results over the weekend.

Terranova blamed the weakening euro on the lack of competitiveness in debt-ridden countries such as Ireland, Portugal and Greece. He said the only country in Europe that is growing is Germany.

Melissa Lee, the moderator of the show, noted some confusing data that showed crude, copper and gold up despite a rise in the U.S. dollar. Brian Kelly said that the movement of gold is not always correlated with the dollar, while Seymour said he expects oil to stay higher as investors move from gold to crude.

Pete Najarian said the financials held up pretty well throughout out the day and was largely responsible for generating momentum in the final stage of the trading session.

In the retail space, Karen Finerman said she liked Saks (SKS), Target (TGT - Get Report) and Wal-Mart (WMT - Get Report) for the holiday season. Kelly added Digital River (DRIV) to the list.
1 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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SKS $0.00 0.00%
AMZN $670.90 -0.06%
DRIV $25.99 0.23%
FDX $165.25 0.28%
TGT $79.71 -0.35%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs