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
TheStreet Open House

'Fast Money' Recap: Goldman Sachs' Picks

NEW YORK ( TheStreet) -- The markets rallied into the weekend despite the government failing to resolve the current shutdown.

On CNBC's "Fast Money" TV show, the panel discussed Goldman Sachs' (GS) top picks based on potential upside. Tim Seymour said his favorite is Cameron International (CAM), adding that its valuation is compelling and it has about 32% upside from current levels.

Steve Grasso said he likes Marathon Petroleum (MPC), which has up to 70% upside. He added that crude oil is its only input cost, and that continues to get cheaper.

First Solar (FSLR) is the top pick of the list for J.C. Parets. He said the stock has consolidated nicely and looks ready to run higher again.

Guy Adami said his top pick is Abercrombie & Fitch (ANF), which reported terrible earnings in the second quarter. He added that with a high short interest, any good news could quickly send the stock to $40.

Digging up the very long-term charts for Micron Technology (MU), Parets said he would be a seller of the stock based on its past performance near current levels.

Adami disagreed, saying that as long as market pricing stays strong for Micron, the stock should continue to move higher.

BlackRock (BLK) Chief Investment Strategist Ross Koesterich was a guest on the show and said he mostly expects companies to beat on the bottom-line while struggling with top-line growth this earnings season.

He added that markets don't seem too worried about the government shutdown but could become volatile if it goes to the brink. He likes U.S. mega-cap stocks, energy, technology and emerging markets.

With earnings season starting next week, Adami said the third quarter will likely be disappointing, even though the market's price action doesn't indicate that.

Seymour said he wouldn't be a buyer of Sotheby's (BID), despite hedge fund manager Dan Loeb's activism. However, he added that there is value in the company and as a result, the stock could go higher.

Grasso said that Tesla Motors (TSLA) will continue its march higher once the news of the burning Model S battery clears away.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs