NEW YORK ( TheStreet) -- The markets were able halt their three-day losing streak, finishing in positive territory on Thursday.
On CNBC's "Fast Money" TV show, Karen Finerman said she is not as bullish about the back-to-school season as she once was. She is still a buyer of Macy's (M) and Foot Locker (FL), but wants to avoid teen retailers.
She added that J.C. Penney (JCP) could continue to lose market share, but thinks that the lion's share is already gone,
Dan Nathan said the Consumer Discretionary SPDR ETF (XLY) is only 1% from its all-time highs, showing that investors continue betting on the sector despite disappointments from individual stocks.Guy Adami said it might be time to take profits in Michael Kors (KORS) and that MasterCard (MA) and Visa (V) were the best ways to play retail. Brian Kelly said to stay away from Monster Beverage Co. (MNST) because of legal headline risks, but longs already in the name should wait to see if it will bounce off the 50-day moving average. Carter Braxton Worth, chief market technician at Oppenheimer & Co., said the defense sector has gotten too ahead of itself. He added that the group is 17% above the 150-day moving average and believes it will underperform going forward. Adami argued the call, saying Lockheed Martin (LMT) not only beat on its last earnings report, but raised guidance significantly. He said not to fight the tape on this one. Tesla Motors (TSLA), which beat top- and bottom-line earnings estimates, was the first stock on the show's "Today's Trending Trades" segment. The stock is up over 360% for the year to date. Nathan said it's getting hard to justify the price. Although he didn't advise shorting it, he didn't recommend going long either. Groupon (GRPN) was up 22% on Thursday after reporting earnings. Adami said there could be a bit more upside. Freeport-McMoRan (FCX) popped higher due to positive Chinese data. Kelly said that he is worried about the validity of the data and suggested taking profits. Nathan said that he would not initiate a position in Priceline.com (PCLN) after it beat on earnings. International Business Machine (IBM) was the featured stock on the show's "Street Fight" segment. Finerman took the bull side and said the stock is not only cheap compared to the S&P 500 and tech sector, but is on its own historical price/earnings valuation, too. She added that Europe is getting better and the company's backlog is strong.
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