NEW YORK (
) -- The markets were down on Monday on lingering concerns about Greece's debt situation.
Dow Jones Industrial Average
was down 17.10, or 0.13%, to 12,845.13. The
declined 0.57, or 0.04%, to 1,344.33. The Nasdaq lost 3.67, or 0.13%, to 2901.99.
Melissa Lee, the moderator of
's "Fast Money" TV show, turned the trading panel's attention to
, which was up 15% in afterhours trading after agreeing to buy
(NCR - Get Report)
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Under the $100 million deal, Coinstar, which operates Redbox's DVD rental kiosks, will be getting NCR's DVD kiosks, retailer contracts and DVD inventory. The two companies have also entered a strategic supplier arrangement. The deal coincides with a Redbox announcement that it would be entering into a subscription-based streaming partnership with
Coinstar's twin moves are viewed as a threat to
Joe Terranova applauded the deal, saying Coinstar, which reported excellent earnings and guidance today, is positioning itself to do all the right things. He expressed concerns, though, about the possible drain on free cash flow.
Guy Adami said he liked Coinstar's operating margins, adding its valuation is not that rich.
Michael Pachtner, an analyst with Wedbush Securities who was in on the Coinstar conference call, praised the NRC deal, calling it "huge news." He said Coinstar officials commented in the conference call on interchange fees, a price increase, the Verizon partnership and Netflix attrition.
Pachtner said the stock, which was up 15% in afterhours, should drift up to $72. He has an outperform rating on Coinstar.
Brian Kelly said he was following the money and putting his money on content providers such as
(DIS - Get Report)
(CMCSA - Get Report)
Options trader Scott Nations said options activity in Coinstar was nine times heavier than normal, with call activity outpacing put activity.
Lee shifted to a Morgan Stanley report that said that emerging markets were the best place to park investor cash, followed by Europe and the U.S.