This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

'Fast Money' Recap: Second-Quarter Playbook

Stocks in this article: XOMPBRSYTADMBGTGTCSCOJPM

Seymour said he liked stocks with exposure to companies that are involved in improving productivity like Syngenta (SYT), Bunge (BG) and Archer-Daniels Midland (ADM).

There was a difference of opinion on whether the financials would make a run in the second quarter. Kelly said financials will head lower if oil prices rise.

But Seymour said the financials are starting to make money and come back from a "death scare." Finerman agreed, saying the current valuation of financials prices in a lot of bad things. She said the banks' earnings power will grow once the economy improves and they start increasing their loan books.

Silver was a popular trade in the first quarter, up 22%. Peter Schiff, head of Euro Pacific Capital, said silver works because it's a play on its value as a precious metal and industrial metal. He also said it will continue to rise as long central banks around the globe continue to print money.

Seymour, though, said he would rather own gold, downplaying silver as a big momentum trade.

The losers in the first quarter included Cisco (CSCO), Best Buy (BBY), Target (TGT) and Akamai (AKAM).

Are any worth picking up in the second quarter? Kelly said he would pick up Akamai, which was down 19% in the first quarter, because its business is at least Internet- and online-related. Finerman said she liked Target, which was down 17%, while Seymour said Cisco was worthwhile based on valuation and its dividend.

A day before Friday's jobs report, Alan Krueger, a former assistant Treasury secretary and now an economic professor at Princeton, said the job market is healing slowly, with not enough job growth to make up for the job deficit. Karabell agreed, saying the country is in for a long period of structural unemployment.

Looking at the charts, Christopher Verrone, of Strategas Research Partners, said the bull trend is intact for the second quarter, with the risk to the upside. He favored owned cyclical stocks in transport and railroad names and set a target of 1,450 for the S&P.

He also liked Petrobras (PBR), which, he said, has gone through a bearish-to-bullish reversal and provides a positive comment on the emerging market complex.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs