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TheStreet Open House

'Fast Money' Recap: Getting Defensive

Citrix Systems (CTXS) missed on its earnings report. and Link said that ServiceNow (NOW) is a stock that interests her.

Yum! Brands (YUM) was the first stock on the show's "Pops & Drops" segment. Seymour said investors can look to buy near $65.

Alcoa (AA) popped 2%. Link said the comments from management seem optimistic.

Murphy Oil (MUR) dropped 1%. Mike Khouw said that crude inventories weighed on the stock today and he would avoid it.

Darden Restaurants (DRI) jumped 7%. Finerman said the stock seems interesting after news surfaced of a possible breakup of some of its restaurant brands.

Fastenal (FAST) fell 6%. Adami said it could trade all the way down to $40.

Link doesn't really care for Hewlett-Packard (HPQ) because of growth issues. Seymour said the turnaround story is working slowly, but is already priced into the stock.

Adami said Exxon Mobil (XOM) seems like a solid bounce play because of a "double bottom" on the charts, but Apache (APA) is better for the longer term.

Regis Philbin was a guest on the show and said Micron (MU) should go to $20 and higher. He's correctly called the stock for several months. He prefers to buy near Halloween, since the markets are seasonally weak in September and October. He also likes Facebook, International Business Machine (IBM) and Hewlett-Packard.

For their final trades, Finerman was a buyer of Jos. A. Bank Clothiers, Link liked Dollar General (DG), and Adami said to buyer Costco Wholesale (COST). Seymour said to go long Tesoro (TSO) and Khouw concurred, but by selling November put options instead.

-- 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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