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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'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

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • 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