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: The Retiring Mr. Ballmer

Adami said Target (TGT) was a great performer except for the past couple of months. After this week's 6% selloff, he said traders could buy the stock with a stop-loss target at $60.

Pandora (P) fell 7% on the week and 13% on Friday from poor earnings guidance. Kelly said the company is an attractive takeover candidate and he likes the stock.

Facebook (FB) now has a market cap of close to $100 billion and Seymour said the stock could go a lot higher as long as it lives up to its earnings potential.

Julia Boorstin, a CNBC contributor, said that since the botched Facebook initial public offering on the Nasdaq, the New York Stock Exchange has raised twice as much in tech company IPOs . She added that the trend will likely continue, especially with names like Twitter, Uber and DropBox all expected to file IPOs of $1 billion or more.

Adami said LinkedIn (LNKD) is the best social media stock to be in, despite people saying that it's overvalued. He added that at some point the naysayers will be right, but momentum has been too strong so far.

The SPDR Homebuilders ETF (XHB) was the first stock on the show's "Trending Trades." Adami said it feels like mortgage rates are topping out and it might make sense to take a look at this exchange-traded fund on the long side.

With disappointing housing sales data, Federal Reserve bond tapering in September becomes even more unlikely, according to Grasso. Because of this, gold popped 2% on Friday and is nearing another key level at $1,400. He is a buyer.

For their final trades, Kelly said he likes the market and would buy the dips in the SPDR S&P 500 Trust ETF (SPY) and Grasso said he's buying Tesla, as long as it hold $160. Adami said he is a buyer of Ashland (ASH) and Seymour is buying VimpelCom (VIP).

-- 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 $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs