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: Syria Back in the Headlines

NEW YORK ( TheStreet) -- The S&P 500 closed at session lows as news out of Syria returned to the headlines.

Guy Adami, managing director of stockmonster.com, said the S&P 500 could work its way down to 1,740 and the selling could continue on Friday. He added that weakness in the financials is concerning.

Brian Kelly, founder of Brian Kelly Capital, said it's worrisome that small-cap stocks have been selling off and noted that the market didn't respond well to favorable Chicago PMI number.

Steve Grasso of Stuart Frankel said Syrian conflict is not factored into the market and could cause a pullback.

Mike Khouw, managing director and primary strategist at DASH Financial, said he doesn't believe equities are in a "bubble."

John Rogers, CEO and chairman of Ariel Investments, was a guest on the show and said equities are fairly valued at the moment but will eventually have more room to go on the upside. He added that interest rates will rise in the longer-term and therefore he would avoid bonds. He likes Blackstone Group (BX), Janus Capital Group (JNS) and Lazard (LAZ).

Grasso said Blackstone is hitting resistance, but overall should be good on the long side.

Adami said Blackstone is compelling because of its valuation and thinks it can go higher.

First Solar (FSLR) popped higher following its earnings report and Kelly said the stock has more room to go on the upside.

Tesla Motors (TSLA) is 19% off its highs. Grasso said he does not like the stock right now because of its bleak technicals.

American International Group (AIG) fell after its earnings report. Karen Finerman, president of Metropolitan Capital Advisors, said the stock is cheap on a price-to-book ratio, but advised investors not to initiate a new position.

She is still short Weight Watchers International (WTW), but said a positive investors meeting next week could be good for the stock. Adami said it seems likely for shares to head lower in the near term.

Kelly said Newmont Mining (NEM) and other miners is the best way to play gold because they will benefit from higher gold prices and falling input costs.

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
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!
SYM TRADE IT LAST %CHG
AAPL $132.65 1.82%
FB $81.91 0.47%
GOOG $555.37 -1.71%
TSLA $231.55 6.01%
YHOO $44.36 -0.36%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs