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: Headwinds for Netflix?

NEW YORK ( TheStreet) -- The markets were down on Monday on lingering concerns about Greece's debt situation.

The Dow Jones Industrial Average was down 17.10, or 0.13%, to 12,845.13. The S&P 500 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 CNBC's "Fast Money" TV show, turned the trading panel's attention to Coinstar (CSTR), which was up 15% in afterhours trading after agreeing to buy NCR's (NCR - Get Report) entertainment assets.

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

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 Verizon (VZ).

Coinstar's twin moves are viewed as a threat to Netflix (NFLX).

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 Walt Disney (DIS - Get Report) and Comcast (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.
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
CMCSA $56.34 0.54%
CVI $26.78 3.40%
DIS $90.30 -0.01%
HFC $30.51 1.90%
IBM $120.27 2.10%


Chart of I:DJI
DOW 15,881.73 +221.55 1.41%
S&P 500 1,851.11 +22.03 1.20%
NASDAQ 4,301.9720 +35.1350 0.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs