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: A Brief Nasdaq Stay Above 4,000

NEW YORK (TheStreet) -- Stocks essentially finished flat on Monday to start off the holiday-shortened trading week. The Nasdaq briefly topped 4,000 for the first time in 13 years. 

Guy Adami, managing director of, said investors can stay long Celgene (CELG) because of its strong balance sheet and growth. 

Josh Brown, a financial adviser at Ritholtz Wealth Management, said he prefers solar stocks such as First Solar (FSLR) and pointed out the flat revenue growth in large-cap tech names like Intel (INTC) and Cisco Systems (CSCO)

Jon Najarian, co-founder of and, advised investors not to short biotech stocks and said he likes Chinese Internet stocks Baidu (BIDU) and Sina (SINA)

Stuart Frankel & Company's Steve Grasso said his top pick is Google (GOOG), which should continue moving higher into the first quarter of next year. He also likes Yahoo! (YHOO) and a half-sized position in Twitter (TWTR)

Regarding TWTR, Adami said it seems likely to trade down to about $35. 

Qualcomm (QCOM) is being investigated by China for a possible infringement of the Anti-Monopoly Law, although some are saying it's to get better pricing power on the company. James Faucette, senior research analyst at Pacific Crest Securities, was a guest on the show and said it could shave off 25 cents to 50 cents in annual earnings, but is unlikely to have any effect. 

Adami said there's definitely risk in the stock, especially at $73, despite it not being overly rich in valuation. 

Brown said the bigger risk to QCOM is a slowdown in the smartphone and tablet market. He added the stock seems okay right now and investors "will know" when sellers retake control of the stock price.

Najarian suggested the stock was reasonably valued and could outperform the market over the next six months since it's been a laggard throughout 2013. 

Nuance Communications (NUAN) provided poor guidance in its earnings report and Najarian said the stock was a buy at $15 and is going long by selling put options. 

Adami said eBay (EBAY) looks to be breaking down and he would not be a buyer. 

Brown said investors should forget about retailers and buy Visa (V) and MasterCard (MA) if they think the holiday season is going to be strong.  

Grasso likes Compass Minerals (CMP) because it too often gets sold off with potash stocks, but really benefits from its salt mining. 

1 of 2

Select the service that is right for you!

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 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from

  • 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