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
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).  

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 17,143.87 +72.65 0.43%
S&P 500 1,983.09 +5.29 0.27%
NASDAQ 4,516.0420 +10.19 0.23%

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