This Day On The Street
Continue to site
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: Late on Exxon, Early on China

NEW YORK (TheStreet) -- All three major indices closed near the highs of the day on Friday.

On CNBC's "Fast Money" TV show, Guy Adami, managing director of, said Exxon Mobil (XOM) could still have upside potential, but those looking to buy now are a "little late to the game."

Warren Buffett recently purchased 40 million shares of Exxon Mobil for $3.1 billion, so the price is naturally rising.

Brian Kelly, founder of Brian Kelly Capital, said WTI crude oil keeps going lower because more and more supply keeps coming online. He suggested shorting Pioneer Natural Resources (PXD).

Tim Seymour, managing partner of Triogem Asset Management, said he likes XOM and General Electric (GE).

Must Read: 'Fast Money' Recap: Reacting to Yellen

Stuart Frankel & Company's Steve Grasso said the refinery stocks should keep benefiting if WTI crude keeps going lower, but acknowledged the stocks seem to be getting a little too extended.

Bill McDermott, co-CEO of SAP AG (SAP - Get Report), was a guest on the show and said his company is very focused on China. He added that the country has a ton of potential with the cloud and in big data. McDermott said that constant innovation allows it to stay ahead of its competition and it is currently focused on growing organically, not through M&A.

Seymour said emerging markets won't be able to rally without the participation of China. He added that likes SAP, Pepsico (PEP) and Mead Johnson Nutrition (MJN).

If China continues to lessen restrictions within the country, Grasso said he likes Las Vegas Sands (LVS) and Wynn Resorts (WYNN).

Kelly said he would be a buyer of J.P. Morgan (JPM) if it can break above, and hold, $55.

Grasso said investors could keep buying the dip in shares of Pandora (P), but should use a 3% trailing stop-loss.

Adami said GameStop (GME) will likely rally into earnings but investors should sell out and possibly even get short if it can't get through $61.

U.S. Steel (X) was the first stock on the show's "Pops & Drop" segment and Grasso said he is neither a buyer or a short-seller of the stock.

Archer Daniels Midland (ADM) fell 3% and Kelly said an unfavorable EPA decision will hinder it going forward.

Zulily (ZU) cruised 71% higher and Adami said there's no reason for investors to buy the the stock.

Jos. A. Bank Clothiers (JOSB) was up 1% and Seymour said management will continue to hunt for the best way to unlock more value for shareholders.

Kelly said investors should be cautious of Japanese equities after its yields jumped so high in the overnight session. He added that he is still long the WisdomTree Japan Hedged Equity ETF (DXJ), but suggested investors be aware of the situation.

For their final trades, Seymour was a buyer of Clean Energy (CLNE) and Adami was buying Cisco Systems (CSCO). Grasso said to buy Disney (DIS) and Kelly was a buyer of iShares MSCI Mexico Capped ETF (EWW).

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

Follow on Twitter and become a fan on Facebook.

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.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SAP $78.62 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs