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'Fast Money' Recap: Momentum Stocks Gain Traction

Adami said he would not buy Boeing (BA) since it is beginning to get stretched on a valuation basis. He was not a seller either because the stock has been so strong. 

For their "smart gadgets" play, Kelly likes Badger Meter (BMI), Finerman picked Google (GOOG) and Adami likes Honeywell (HON)

After shares plunged by over 20% this week, Finerman said she has already sold half her position in SodaStream (SODA), and likely plans to sell the rest. 

Kelly admitted that December's retail sales were better than expected. However, he pointed out how poorly most retailers are doing when they report earnings. Nathan agreed. 

Must Read: 'Fast Money' Recap: Jumping Into Retail

Potash (POT) was the first stock on the show's "Pops & Drops" segment. Adami is a buyer. 

Intuitive Surgical (ISRG) jumped 7% and Kelly suggested using the move to take profits. 

Finerman said nothing has changed in Navios Maritime Holdings (NM) after its 4% move higher. She is staying long. 

Nathan pointed out heavy call buying in the SPDR S&P 500 Trust ETF (SPY) and the iShares Russell 2000 ETF (IWM). However, those didn't compare to the 242,000 February 40 strike put options that were purchased on the iShares MSCI Emerging Markets ETF (EEM)

Bonnie Herzog, senior analyst at Wells Fargo, was a guest on the show. She said the e-cigarette business will cannibalize tobacco sales in the future but can actually increase profitability. She added that 10 years from now e-cigs could surpass tobacco cigarettes. Lorrillard (LO) and Phillip Morris International (PM) are her top picks.  

Kelly is a buyer of LO because of its dividend and buyback. Adami likedsit for its upside. 

Adami said one way he likes to pick his entry point in a stock is when there is a very high amount of volume in a particular stock, relative to its average volume. 

Kelly said he loves the technology in the 3-D printing space and prefers 3D Systems (DDD) over Stratasys (SSYS)

Finerman said Bank of America (BAC) will likely increase its dividend in 2014, but the real catalyst will be its earnings-per-share growth. 

For their final trades, Nathan is buying GM and Finerman is buying Citigroup (C). Kelly wants to buy calls on the CBOE Volatility Index (VIX.X) and Adami likes Anadarko Petroleum (APC)

-- Written by Bret Kenwell in Petoskey, Mich.

Follow on Twitter and become a fan on Facebook.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.
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