NEW YORK (
TheStreet) -- The markets rallied off the lows Tuesday on a move to beef up the eurozone rescue efforts.
Dow Jones Industrial Average was up 52.30, 0.43%, to 12,150.13. The
S&P 500 rose 1.39, or 0.11%, to 1258.47. The
Nasdaq lost 6.20, or 0.23%, to 2649.56.
Melissa Lee, the moderator of
CNBC's "Fast Money" TV show, started the panel discussion when she brought in Carl Icahn to comment on his $1.73 billion cash bid for
(CMC - Get Report). Icahn, whose firm has a 10% stake in the company, said his bid has energized the stock and hopefully the shareholders to support his bid.
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Contrary to his failed bid for
, Icahn said the bid for Commercial Metals has shareholder backing, adding he would need a big turnout for the tender to succeed.
Icahan also said he supports the idea of a merger between
, both of which he has stakes. He said the two companies would benefit from the synergies of a merger.
Pete Najarian said the Jan. 14 calls in Commercial Metals were very active today. He wondered whether another bidder might step in the situation. Finerman and Lee pointed out the stock traded at a discount on the day that Ichahn made his bid.
Lee noted that
took a hit today after
launched a service to stream movies and TV shows over the Web.
Any Hargreaves, of Pacific Crest, said he didn't think Verizon's move represented much direct competition for Netflix. He characterized Verizon's efforts more like taking a "cable-like bundle" that will done over IP in a nationwide effort.
He disagreed with the panel that Netflix should be owned soley for its value as an acquisition target. He said Netflix is still offers an attractive customer service for $8. He said the long list of interested parties in Netflix includes names such as
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts