This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Oil Jitters

Stocks in this article: AAPL HPQ DECK CRM BID

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)'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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs