This Day On The Street
Continue to site
ADVERTISEMENT
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: Reacting to Yellen

NEW YORK ( TheStreet) -- All three major indices closed near session highs as investors cheered the dovish tone from future Federal Reserve chairwoman Janet Yellen.

Guy Adami, managing director of stockmonster.com, said the Fed will not taper for a long time, possibly past next summer. He added that he likes Mohawk Industries (MHK).

Brian Kelly, founder of Brian Kelly Capital, said traders could look to buy Zillow (Z) for a trade and added that the Fed will remain accommodative.

Karen Finerman, president of Metropolitan Capital Advisors, said she likes Realogy Holdings (RLGY).

Steve Grasso of Stuart Frankel & Company said Louisiana-Pacific (LPX) has been lagging behind in the rally and should start to play catch-up soon.

Pete Flint, CEO and Co-Founder of Trulia (TRLA), was a guest on the show and simply stated that the company is not for sale. He added that they are actively exploring M&A, partLy because of the massive costs of business expansion.

For their favorite housing plays, Adami liked D.R. Horton (DHI) and Kelly suggested Toll Brothers (TOL).

Finerman said to buy Bank of America (BAC) and Grasso concurred, adding that if the stock can clear $14.92 on the upside, it might start to fill its gap back up to $20.

Kelly said investors could buy Move (MOVE) as a trade.
1 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $437.71 0.07%
GOOG $523.40 0.30%
AAPL $126.44 -0.13%
FB $87.28 0.43%
TSLA $280.02 4.04%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs