Shifting to the trading the globe segment, Seymour said the emerging market trade, which played catch-up late in the first quarter, looks good in the second. He said he would be in stocks like
Market Vectors: Russia
iShares MSCI Brazil
Looking at the "fine print" of the
, Finerman said the deal didn't pass the smell test for her because it excluded a number of assets worth $500 million.
She said the GSI Commerce's CEO was allowed to buy those assets, putting up only $31 million in equity and eBay lending the rest. She sharply criticized GSI Commerce's board for not doing a better job of shopping around those assets.
The chart of day was on
, which appears to be topping out as the stock has been rebounding off lower highs. Kelly said he thinks highly of the company, adding the stock looks interesting at $340.
Terranova said he was long Apple puts, adding the June quarter will show how supply challenges affected the company. Seymour said Apple is not broken but clearly has a high bar to clear.
In the final trades, Terranova said he had puts on
. Finerman liked
(JPM - Get Report)
trade. Kelly liked PowerShares DB Agriculture Fund. And Seymour liked
, saying it was cheap at 5.5 times earnings.
--Written by David Tong in San Francisco.
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