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TheStreet Open House

'Fast Money' Recap: A Stock-Specific Market

Kelly disagreed, arguing that money is going to come out of Facebook and flow into Twitter once it goes public. He added Facebook only has advertising and that it will eventually end up like Myspace.

Adami said traders could continue to own the stock into its earnings report.

Speaking of Twitter, it may list its initial public offering on the New York Stock Exchange. Dan Primack, senior editor at Forbes, was a guest on the show and said the move isn't that surprising. He added that Twitter doesn't want to be like Facebook, which had plenty of problems when it debuted for public trading on the Nasdaq.

Regarding Nasdaq OMX Group (NDAQ), Adami said he would not short the stock. He would either be long or flat, but stressed not to short it.

WebMD Health (WBMD) is up 106% in 2013. CEO David Schlanger was a guest on the show and said the move to mobile has not pinched revenue, especially as demand for the company's mobile app has increased so much. He said 80% of the company's revenue come from advertisements but desktop ads are buoying the mobile platform. He added WebMD is more than a health search site, making it harder for competitors to directly compete.

Adami called the stock volatile, but said the name has been working. He added the short-interest is high, which could push the stock higher, but the valuation is also extremely rich.

Grasso said any pullback we get in the markets from the debt-ceiling issue is a buying opportunity.

When asked what American stock he would buy, Kelly said he liked Apple (AAPL).

Between Green Mountain Coffee Roasters (GMCR) and Starbucks (SBUX), Najarian was a buyer of the latter because of its international growth.

Delta Air Lines (DAL) was the first stock on the show's "Pops and Drops" segment. and Grasso said the airlines should continue higher as oil goes down.

Lennar (LEN) jumped 4%. Adami said this was a bounce from an oversold condition and that traders could possibly short the stock Wednesday.

J.C. Penney (JCP) fell 4% and Kelly said the stock, "sucks."

Carnival (CCL) cratered 7% and Najarian said he would still avoid the name.

For their final trades, Kelly said to buy United States Oil ETF (USO) and Grasso was a light buyer of Tesla Motors (TSLA). Najarian said to buy JetBlue Airways and Adami was a buyer of AGCO Corp. (AGCO).

-- Written by Bret Kenwell in Petoskey, Mich.

Follow TheStreet.com 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.
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