This Day On The Street
Continue to site
ADVERTISEMENT
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

'Fast Money' Recap: Industrials in the Spotlight

Adami said, "Today is the day where the momentum has been taken out. You had this pretty significant reversal on two times normal volume traded. ... Now I think it's a coin flip."

He added, "Today, I think, set it up for the downside to be more accessible than the upside."

Host Scott Wapner weighed in with the news that Bill Ackman of Pershing Square, who has a significant investment in Herbalife (HLF), was responding to the company's reaudited financials from Price Waterhouse Coopers.

"It is not the role of Herbalife's auditor to determine if the company is a pyramid scheme," Ackman said. "Rather, that determination depends on whether distributors earn more from recruiting new distributors than from retail sales to consumers who are not distributors. The few Herbalife distributors that make money earn the vast majority of their profits from recruiting. ... Herbalife is a pyramid scheme that will be shut down by regulators."

Must Read: 'Fast Money' Recap: Worrying About the Fed, Again

The stock rose to more than $75 a share. "The real question is what happens next," Wapner said.

Phil LeBeau of CNBC reported that Tesla (TSLA) will introduce a lower cost electric car, the Model E, at the Detroit Auto Show in January 2015. The car would be available in showrooms in 2016 or 2017.

LeBeau said the price and the range of the car will be significant factors in determining whether consumers respond to this product.

In regard to the more expensive Model S, the company has opened a website for orders to be taken in China for the cars that start at $145,000.

Nathan said, "That geographic expansion story is a big part of it, and also going down range to a more mass-market product." But he emphasized that it will be 2015 before the new car is introduced.

Najarian said, "The problem for Tesla right now is they can't produce enough cars to really be relevant."

Two new studies call into question the benefits of taking vitamin supplements. Finerman said that she is invested in GNC Holdings (GNC) and that she hopes the stock doesn't react badly. "It's a growth story," she said. "I still like it."

Silver has had a tough year but if the Fed decides to taper, would that change things for the industry?

John Smith, president and CEO of Silver Standard Resources (SSRI), said that like most industries, the silver industry is cyclical. "I think we're starting to see the bottom of the cycle," he said. "Nobody can ever pick the absolute bottom but I think we're in that bottom region, which bodes well for next year and beyond."

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BA $143.01 -0.78%
CAT $78.35 1.32%
GE $26.12 -0.53%
HON $105.38 -0.15%
MMM $151.57 0.08%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs