This Day On The Street
Continue to site
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: Jumping Into Retail

NEW YORK (TheStreet) -- The S&P 500 barely closed higher Thursday. On CNBC's "Fast Money" TV show, the traders were jumping into the retail trade. 

Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said Sears Holdings (SHLD) has been in bad shape for years. He said the management is a mess and the technicals are terrible. 

Guy Adami, managing director of, suggested investors think twice about shorting the stock since the short interest is already very high. 

Brian Kelly, founder of Brian Kelly Capital, said he would buy Family Dollar Stores (FDO) as a trade after it sold off on Thursday due to its earnings report. 

Dana Telsey, CEO and chief research officer of Telsey Advisory Group, was a guest on the show. Overall, the holiday season was disappointing and traffic was weak, she said. Urban Outfitters (URBN) is one of her top picks for 2014. She added that TJX Companies (TJX) could benefit from unsold inventory at other retailers. 

Steve Grasso, director of institutional sales at Stuart Frankel & Company, said Abercrombie & Fitch (ANF) has resistance near $38 to $40, but could increase as much as $20 per share from current levels. He added that URBN could have up to $7 per share in upside.

Must Read: 'Fast Money' Recap: Breaking a Losing Streak

Adami said he would not sell ANF and said it could move above $40.

Brown likes Finish Line (FINL) because it is cheap on a cash-flow-to-enterprise-value basis. He added that each pullback has been greeted by buyers. 

Kelly revealed his new short position: Europe. He did so by shorting the Eurostoxx 50 futures. He reasoned that the economies are beginning to slow and the stocks are overextended. He added that a slowdown in China would hurt Europe since it is Europe's biggest customer. 

1 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs