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'Fast Money' Recap: Nasdaq Snafu

Khouw said investors will likely get a better chance to own the stock in the future because the valuation is a little rich, given the semi-weak earnings per share.

Kelly said it looks like traders can buy Symantec (SYMC) because the gap higher appears to have held. He said to use $25.80 as a stop-loss.

Retailer Aeropostale (ARO) had a disastrous quarter. Finerman said at some point the stock becomes a buy because of the cash levels. She added that it was still too early to enter, but near $6 the stock would get interesting.

Brown said teens are not interested in walking around with corporate logos on their clothes, such as those of Aeropostale and American Eagle Outfitters (AEO). He added that at some point there is value, but these companies are experiencing fundamental deterioration.

Najarian said he would not buy Nasdaq OMX Friday, but he would be more interested in the stock in the upper-$20 range. Finerman agreed.

Kelly said the markets should have gone up on Thursday based on good economic news from China and a decent jobless claims number. Najarian pointed out Apple and Tesla (TSLA) helped give the market a boost once the Nasdaq reopened.

For their final trades, Brown said to avoid Nasdaq OMX and Finerman remains a buyer of Citigroup (C). Najarian is buying U.S. Silica Holdings (SLCA) and Kelly said to buy Freeport McMoRan (FCX).

-- Written by Bret Kenwell in Petoskey, Mich.

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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.
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