This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Market Rebound

NEW YORK (TheStreet) -- After a sharp decline on Monday, the S&P 500 bounced back on Tuesday. 

On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said rising heating costs for consumers could crimp spending. Natural gas is up 25% in 2014 and propane costs could double for some customers. 

Kelly said he would likely exit his long natural gas position sometime later this month. He added the S&P 500's selloff could continue if Wednesday's ISM data is weaker than expected. 

Pete Najarian, co-founder of optionmonster.com and trademonster.com, said consumers are continuing to buy select items from Michael Kors (KORS) and Under Armour (UA) while ignoring retailers such as J.C. Penney (JCP)

Guy Adami, managing director of stockmonster.com, agreed consumers are spending, but only in specific areas. He said the consumer does not appear as healthy as investors seem to think. 

Dan Nathan, co-founder and editor of riskreversal.com, said the SPDR S&P Retail ETF (XRT) has drastically underperformed the S&P 500, down 12% versus 5%, respectively. He added the weak January auto sales show that U.S. consumers are drained at the moment. 

Paul Hickey, co-founder of Bespoke Investment Group, was a guest on the show. He said the recent 5% pullback in U.S. equities has been "very textbook." He added that at this time there doesn't seem to be anything that investors should worry about. His top sector picks include consumer discretionary, financials, industrials and materials. Of those industries, his top picks include Comcast (CMCSA), Bank of America (BAC), Alliant Technology (ATK), and Dow Chemical (DOW)

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

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