Karen Finerman, president of Metropolitan Capital Advisors, said she liked Coach because of its strong balance sheet, despite the stock having a bumpy 2013.
News Corp. (NWSA) missed on top and bottom line earnings estimates and Adami said the stock will likely go to the low-$16's.
Tesla Motors (TSLA) bounced back after several volatile sessions and Brown said to let the charts set back up before getting long. Adami added that there seems to be support near $140, but investors should let the stock consolidate for a few more days.Deckers Outdoor (DECK) was the first stock on the show's "Pops & Drops" segment and Finerman noted Piper Jaffray upgraded its price target to $100. E-Commerce China DangDang (DANG) jumped 11% and Seymour said market participants are looking for a better-than-expected earnings result later this week. TD Ameritrade (AMTD) popped 2% and Adami said the stock will likely move higher.
3D Systems (DDD) was up 8% and Brown said the move higher is getting out of control and he would look to trim some of his position. Rackspace Hosting (RAX) disappointed on earnings and Adami said the stock could trade down to $40 per share, given the short-interest. Twitter (TWTR) reversed its midday losses and closed higher on the day. But Brown said investors will likely get a chance to buy in the $30s. Facebook (FB) was down roughly 3% and Adami said investors should sell out of their long position if it fails to hold $45. Dennis Gartman, editor of The Gartman Letter, was a guest on the show who said bonds look like they might be headed for a bear market and have put in a massive "top." He is bullish on equities, copper, and shipping and rail stocks. He added that the economy seems to be recovering nicely. Adami said Exxon Mobil (XOM) should continue moving higher. Seymour said he would be a buyer of Apple (AAPL) at $440 and added that it needs to hold the $525-level for the time being.
Potbelly (PBPB) reports earnings on Tuesday and Brown said it may be a fantastic growth story over the long-term, but to avoid it over the short-term ahead of the report.
D.R. Horton (DHI) also reports on Tuesday and Adami said the company needs to say something positive, because below $17.50 per share, the price action could get ugly with an 18% short-interest. Seymour said Netflix (NFLX) does not have a favorable risk-to-reward ratio and will likely trade sideways in the short-term. Adami said investors could be long F5 Networks (FFIV) with a stop-loss at $80. Brown called GoGo (GOGO) a potential "cult stock" and said it could continue moving to the upside for a while. Seymour said Expedia (EXPE) seems likely to go to $65. Finerman said Clean Energy Fuels (CLNE) is a good way to play natural gas, along with Apache (APA), Southwestern Energy (SWN) and Chesapeake Energy (CHK). For their final trades, Adami said to buy KSS and Finerman suggested selling upside calls against a long position in Macy's (M). Seymour said to sell DPS and Brown said to buy Google (GOOG). -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell Follow TheStreet.com on Twitter and become a fan on Facebook.
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