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: Retailers on Sale

Peabody Energy (BTU) was up 4% on Wednesday. Kelly said he didn't believe in the move and would take profits.

Moody's Corp. (MCO) fell 5%, and Finerman said it's likely from the expected slowdown in bond offerings since the company collects fees on these offerings.

Google (GOOG), which is down 5% in the past month, was the featured stock on the show's "Street Fight" segment. Kelly said he loves when stocks are down 5%, which in this case presents a buying opportunity. He cited Google's cash flow, innovation and technical support from the 100-day moving average as reasons to get long.

Nathan argued that the stock looks very weak on a technical basis, with three consecutive closes below the 50-day moving average. He added that the company has reported seven consecutive quarters where cost-per-clicks have declined and that operating expenses are increasing faster than revenue.

Howard Lindzon, co-founder of, said hedge fund manager Carl Icahn didn't do anything wrong in the way he revealed his position in Apple (AAPL) via Twitter. He added Twitter has become the new "human ticker." Regardless of whether or not people like it, it's here to stay.

Kelly said traders should be careful with the bank stocks, citing headline risk in JPMorgan Chase (JPM) over the London Whale incident.

Grasso said Wal-Mart (WMT) will be challenged when it reports earnings on Thursday, and he is avoiding the stock.

Finerman said that despite hedge fund manager George Soros increasing his stake in J.C. Penney, she still is not optimistic on earnings next week and remains short.

For their final trades, Grasso said he was a buyer of McDonald's (MCD) and Nathan was selling Whole Foods Market (WFM). Finerman said she's taking profits in some of her Apple position and Kelly said he was a seller of the iShares High Yield Corporate Bond ETF (HYG).

-- Written by Bret Kenwell in Petoskey, Mich.

Follow on Twitter and become a fan on Facebook.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.
2 of 2

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 $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs