NEW YORK (
TheStreet) -- The markets were mixed today ahead of January jobs report.
Dow Jones Industrial Average was down 11.05, or 0.09%, to 12,705.41. The
S&P 500 was up 1.45, or 0.11%, to 1,325.54. The Nasdaq rose 11.41, or 0.40%, to 2859.68.
Melissa Lee, the moderator of
CNBC's "Fast Money" TV show, led off the discussion by focusing on the success of large-cap stocks such as
(MSFT - Get Report), which hit another 52-week high.
Brian Kelly said Microsoft has a chance to take an advantage of an imbedded opportunity in enterprise and get Windows 8 on mobile.
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Kelly, though, has reservations about the ability of Microsoft's management to execute, having seen them beaten in previous situations by
Joe Terranova was impressed with Microsoft's chart, saying it is now trading close to its 50-day moving average, something not seen "since men wearing vests was in style."
Ron Insana said he had telegraphed the move in large-cap stocks, adding large-cap tech remains inexpensive.
Carter Worth, a chartologist with Oppenheimer Asset management, said he sees a pullback and some profit-taking in Microsoft after its move from $24 to $30.
On the other hand, he said Google has the potential to rebound to the upside, and that the
Powershares QQQ Trust
is poised for a breakout.
Kelly said he expects a market melt-up the next few months, with a solid jobs report number being a catalyst for the next move up.
Lee noted that
was up 16.79% today after Facebook said in its filing that the social gaming company accounts for 12% of its revenue.
Richard Greenfield, co-head of BTIG Research, said Facebook needs Zynga to be successful because it relies heavily on the success of the social gaming category. He said Zynga is driving ad dollars to Facebook's platform and is working hard to come up with new games in its portfolio.
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