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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Gold Isn't a Bubble

He agreed with Terranova that corn is a good commodity play. He said it would be wrong to short corn when demand in China is so strong for it.

Retail stocks continue to rise today, especially Staples (SPLS), which was up 1%. Finerman said she was satisfied with Staples' earnings. She said the stock is cheap and attractive and much better positioned than Office Max (OMX) or Office Depot (ODP). She said Staples has been aggressive about pricing and has built an impressive online sales operation.

Adami said he liked Home Depot (HD), while Finerman was impressed with Target's bigger-than-expected profits in the past quarter.

CNBC reporter Jane Wells noted that with rising apparel prices, shoppers are getting picky about what they buy, choosing shoes, for example, instead of sweaters. She said retailers, including Apple (AAPL), are offering discounts to lure customers.

Volatility has ebbed from last week and was above 30 today. Options trader Jim Iuorio said the VIX seems to settling into a range, allowing investors to tip toe back into stocks.

Lee noted that privately held Carlyle Group is in exclusive talks to purchase Pharmaceutical Product Development (PPDI) for $4.3 billion and asked what might be the next target in the space. Adami offered up Covance (CVD), which was upgraded Tuesday and could move higher.

Is it time to buy the financials? Isana said it's probably the second great chance since 2009 to to get into the financials after a big selloff of these stocks by hedge funds. He said Bank of America (BAC) looked interesting from a long-term perspective.

In the final trades, Seymour liked Petrobras (PBR). Adami liked Forest Labs (FRX). Finerman reiterated her preference for Target, while Terranova said he liked Amazon (AMZN).

--Written by David Tong in San Francisco.

To contact the writer of this article, click here: David Tong.

To follow the writer on Twitter, go to http://twitter.com/davidtong.

To submit a news tip, send an email to: tips@thestreet.com.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

Follow TheStreet.com on Twitter and become a fan on Facebook.

2 of 2

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!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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