This Day On The Street
Continue to site
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

'Fast Money' Recap: Nader Takes on Cisco

NEW YORK ( TheStreet) -- NEW YORK ( TheStreet) --'s (AMZN - Get Report) high valuation was the topic of conversation after the online retailer traded sharply down Tuesday after a revenue miss.

Karen Finerman complained on CNBC's "Fast Money" show about Amazon's stretched valuation and wondered how long it was going to take to achieve the growth to justify it.

Joe Terranova said Cisco was a name he did not want to be in. He was particularly worried about the slowdown in sales growth and the increase in spending.

Mike Khouw said option traders were positioning for a down move and got it.

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

Kerry Rice, an analyst with Needham & Co., said Amazon is driven more by opportunities than valuation. He said Amazon's top line was disappointing, adding the revenue from its U.S. operations and media segment were weaker than expected. Rice, who has a hold on the stock, said Amazon needs to tackle some tough problems such as the sales tax issue, continued infrastructure spending, slower revenue growth and its lofty valuation.

CNBC reporter Kayla Tausche came on the show to report that Facebook was preparing to file a $5 billion IPO on Wednesday with Morgan Stanley as the lead underwriter. She said investors would be probably disappointed at the lower figure because they been expecting the $10 billion that had been reported earlier. She said it will be important to see what percent of the outstanding shares Facebook will offer in the IPO. She also said there was no information yet on which exchange the stock will be listed.

Ron Insana said it was difficult to say how much of a pop the stock will get based on the sketchy information. Finerman said the stock's valuation will depend on its multiples.

Larry Haverty, of Gabelli Global Multimedia Market Portfolio, said the stock will be up the first two days. However, he said the stock's multiple of cash flow is so high that the chances of it performing well are slim to none.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $671.32 0.00%
C $45.57 0.00%
CSCO $26.86 0.00%
PAY $28.07 0.00%
TRN $18.36 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs