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TheStreet Open House

'Fast Money' Recap: The Markets Roar Back

NEW YORK (TheStreet) -- The Dow Jones Industrial Average closed at an all-time high as the markets roared higher once again. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said Google (GOOG) is his top technology pick. 

Jon Najarian, co-founder of optionmonster.com and trademonster.com, said if China starts to do well, then Sina (SINA), Qihoo 360 Technology (QIHU) and the iShares China Large-Cap ETF (FXI) should all do very well.

Karen Finerman, president of Metropolitan Capital Advisors, said that not all stocks are going up and down in unison. She added that many stocks are now trading based on the fundamentals. 

Dan Nathan, co-founder and editor of riskreversal.com, agreed with Finerman, pointing out the weakness in big tech names like International Business Machine (IBM) and Cisco Systems (CSCO)

He also said investors shouldn't buy Micron (MU) until it pulls back. Najarian concurred, adding that he wouldn't short the stock. 

Najarian said Apple (AAPL) should break out of its trading range and could hit $560 by year's end. He added that it should report a great quarter in January. 

Nathan said Apple could get a deal done with China Mobile Limited (CHL) by mid-December. 

Pandora (P) fell after reporting earnings and Nathan said to buy it the mid-$20s. 

Mary Epner, a retail analysis principal, was a guest on the show and said she liked Ross Stores, (ROST), despite its earnings report. She said the luxury market and discount stores are still doing well, while middle-priced markets aren't faring as well. She said companies like Polo Ralph Lauren (RL) and Michael Kors (KORS) should continue to do well. Epner stressed that jewelry, accessories, shoes and athletic apparel should do well. 

Finerman said her top picks in retail continue to be Macy's (M) and Foot Locker (FL)

Najarian said he likes Burlington Stores (BURL) and TJX Companies (TJX)

Nathan warned investors about the number of retailers near 52-week highs, and noted that many have sold off since, such as GameStop (GME) and Best Buy (BBY).  

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