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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Awaiting the Jobs Report

NEW YORK (TheStreet) -- The broader market traded lower for the fifth straight session in a data-loaded week that ends with the nonfarm payrolls report (NFP) on Friday. 

Guy Adami, managing director of stockmonster.com, still thinks the S&P 500 will decline to 1,760. He said today's GDP number looked good but when the report was studied, nearly half of it was from inventory builds, something that could come back to haunt the economy. 

Jon Najarian, co-founder of optionmonster.com and trademonster.com, said a lot of investors are betting on a decline in bonds, meaning the Street is anticipating a strong NFP result. 

Stuart Frankel & Company's Steve Grasso said a good, but not great, NFP result would be perfect, showing that the economy is recovering but not a pace that warrants tapering by the Federal Reserve. 

Dan Nathan, co-founder and editor of riskreversal.com, said the NFP whisper number is getting as high as 250,000, which could send the S&P 500 down 20 points if it were true. He admitted that the dip would likely be bought, however. 

Turning to individual stocks, Nathan said he would be a buyer of Apple (AAPL) on a pullback to the $550 level, because it still has upcoming catalysts and a likely deal with China Mobile Limited (CHL). Adami concurred. 

Najarian had a slightly longer-term view and suggested that in three months the stock will be closer to $625 than $550. 

Adami was a buyer of Celgene (CELG) because of its strong business, margins and balance sheet. 

Grasso said he didn't like Walter Energy (WLT) or the coal sector, but Adami suggested investors could own it as a potential M&A candidate. 

Najarian said he liked Netflix (NFLX), but not at its current levels. He suggested investors wait for a pullback to the $320 level. 

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 17,039.49 +60.36 0.36%
S&P 500 1,992.38 +5.87 0.30%
NASDAQ 4,532.1040 +5.6220 0.12%

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