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 Volatile Market

Seymour likes Baidu (BIDU) and said it's favorably valued considering its growth. He suggested investors remain long the Chinese Internet sector. 

Adami stressed that Yahoo! (YHOO) is on its way to $40 per share and he's a buyer. 

Kelly said a deal with China Mobile Limited (CHL) and strong holiday iPad sales are reasons to own Apple (AAPL)

Bahram Akradi, founder, chairman and CEO of Life Time Fitness (LTM), was a guest on the show who said 65% of revenue at his company come from membership fees. December and January are the strongest months for signups, and the push into new markets will expand growth. The stock is undervalued based on its assets and buyback program, he said.

Kelly said the stock is basing nicely around $40 and has a strong buyback program, making it a buy. 

Pandora (P) was the first stock on the show's "Pops & Drops" segment. Brown said it appears to have broken out and is likely to continue higher. 

J.C. Penney (JCP) fell 4% and Adami said it looks to be headed towards $8.50. 

Mosaic (MOS) jumped 3%. Kelly said he would rather buy Deere (DE). Seymour said Deere has support near $83 and he wouldn't chase today's 3% move higher. 

Adami said Tesla Motors (TSLA) seems to have completely lost its momentum and he prefers BorgWarner (BWA) or Delphi Automotive (DLPH) for his auto selections. 

Dennis Gartman, publisher of The Gartman Letter, was a guest on the show. He said he shorted more Treasury bonds and noted that 10-year yields could hit 4% next year but won't have an adverse affect on the housing market or equity markets. He concluded that as the economy improves, rates increase. 

Brown said that as long as the move higher in rates is gradual it will be good for stocks and could boost the banks' earnings by 11%. He suggested buying the Financial Select Sector SPDR ETF (XLF)

2 of 3

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 17,031.14 +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 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