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
TheStreet Open House

'Fast Money' Recap: Hanging Tough

Stocks in this article: AGCO MOS GIS JAKK SJM

NEW YORK ( TheStreet) -- The markets were mixed Tuesday in a choppy trading session.

The Dow Jones Industrial Average fell 16.88, or 0.15%, to 11,416.30. The S&P 500 added 0.65, or 0.05%, to 1195.54. The Nasdaq rose 16.98, or 0.66%, to 2583.03.

Tim Seymour said on CNBC's "Fast Money" TV show it was hard for him to believe that Europe's bailout plans hinged on the vote of a small country like Slovakia. He said he believes Slovakia will eventually approve the plan but found the entire situation "absurd."

Karen Finerman also felt the Slovakian vote was a non-event and was impressed with the lack of movement in the markets. She said the markets "didn't give anything back."

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

She said she was going to take a little off the table but acknowledged that she might be on the wrong side of the trade if the markets were to break out to the upside.

Guy Adami said the market could be setting up for an interesting "outside month" if the S&P miraculously were to close above 1299 this month.

Joe Terranova also said overall performance of the market was good. "Hanging in there was enough today."

Tim Seymour said the markets will benefit from some good news in China in its attempts to deal with its battered banks and a forecast for a "soft" 8% growth rate next year.

Peter Boockvar, equity strategist for Miller Tabak, said he expects Slovakia to approve the plans the second time around after some horse trading among the political parties.

Does the current rally have legs? Jeff Saut, chief investment strategist for Raymond James, thinks so. He said the market hit a bottom last Tuesday. He agreed with Finerman that the country is not going into a recession.

Sault said he would be listening to what companies have to say in their guidance during the earnings season. He told the panel that he sees the S&P breaking above 1230

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,273.41 +82.04 0.48%
S&P 500 2,002.11 -0.05 -0.00%
NASDAQ 4,629.9720 -8.0220 -0.17%

Partners Compare Online Brokers

Free Reports

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