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TheStreet Open House

'Fast Money' Recap: Still in a Bull Market

Walter Energy (WLT) was the first stock on the show's "Pops & Drops" segment. Seymour said investors could stay long because coal prices seem likely to go higher. 

ExOne (XONE) fell 9% and Najarian said investors should only buy one name in the 3-D printing space: 3D Systems (DDD)

Alcoa (AA) jumped 2% and Scaramucci said it looks like a technical bounce. He thinks it could trend higher on increased aluminum demand. 

Tesla Motors (TSLA) popped 2% and Grasso said the stock needs to hold the $157.80 level. He complimented CEO Elon Musk on how he's managed the company thus far.

Grasso said the refinery stocks are at risk of losing 30% to 50% of their value if the 40-year ban on crude oil exporting is lifted. He added refineries are able to take advantage of massive WTI crude oil spreads due to international pricing. If the spreads diminish due to the ban being lifted, then the margins will also diminish, crushing many of the refiners.

For their final trades, Scaramucci is a buyer of Morgan Stanley (MS) and Grasso said to buy Qualcomm (QCOM). Seymour said he would continue to own Potash (POT) and Najarian said Applied Micro Circuits (AMCC) could reach $13 or $14 post-earnings, based on unusual call buying activity.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow TheStreet.com 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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