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: Oil Jitters

NEW YORK ( TheStreet) -- The price of oil topped $108 a barrel on Thursday while gas prices moved closer to $4 a gallon.

Brian Kelly said on CNBC's "Fast Money" TV show that the 50-cent jump in the price of gas since the start of the year will start to impact profit margins in a month or so.

Karen Finerman said retailers like Walmart (WMT) must find that rise disconcerting.

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

Melissa Lee, the moderator of the show, noted the economic impact of higher energy prices. According to Lee, the Schork Report noted that a $10 rise in crude causes a 0.5% drop in GDP and a 10-cent increase in gas translates to a $11.7 billion drop in personal income.

Tim Seymour said it's not panic time for consumers, but he acknowledged luxury retail names like Tiffany (TIF) and Coach (COH) will be tested.

Seymour said the high price of oil is more a reflection of supply disruption issues than demand issues. He said he wasn't ready to bake in the impact of these prices onto stocks.

Paul Sankey, an analyst with Deutsche Bank, said he's most worried about the rise in Brent crude and the supply disruption in non-OPEC countries like Syria, Yemen and Somalia.

He said the next phase of this troubling trend will be the extent high oil prices will hurt emerging market growth. He said oil might rise to $130 to $140 a barrel before it rolls over.

He said his favorite picks in this situation are Marathon Oil (MRO), Occidental (OXY), SM Energy (SM) and ConocoPhillips (COP).

Kelly said Japan is especially vulnerable to oil shocks because it relies heavily on oil and natural gas imports since the Fukushima nuclear disaster.

Lee shifted the discussion to Apple (AAPL - Get Report)'s shareholder meeting in which the big news was the lack of a dividend announcement.

Finerman said Apple's handling of the dividend was "really ridiculous" for an issue that "isn't that complicated." She said Apple is doing a disservice to shareholders by not doing anything.
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
AAPL $111.31 0.48%
BID $33.94 0.21%
DECK $59.59 -1.73%
CRM $74.42 -1.13%
HPQ $28.00 3.02%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs