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: Market Rebound

Terence Burnham, a finance professor at Chapman University, was a guest on the show. Because U.S. bank accounts are only federally insured up to $250,000, he decided to remove all of his money from his checking account. He reasoned that the risk-to-reward scenario was unfavorable.

Because checking accounts pay a 0% interest rate, there is no reward to having your money there, he said. Since banks borrow short-term money and lend over the long term, it puts depositors at risk if there is some sort of global financial crisis, he concluded.

Another guest, Matt Burnell, an analyst at Wells Fargo, removed Citigroup (C) from his priority list but kept his outperform rating on the stock. He reasoned that the recent issues in emerging markets could weigh on Citigroup because the bank has so much exposure. He said today's U.S. banks have much higher capital requirements and liquidity to handle the type of financial crisis to which Burnham was referring. 

Kelly is a seller of Japanese bonds.

Adami said Hain Celestial Group (HAIN) might find support near $80 after providing lower-than-expected guidance.

Najarian said there was some unusual bullish activity in DirecTV (DTV), with a trader buying a noticeable amount of September $80 call options. 

For their final trades, Nathan is selling Google and Kelly is buying the United States Oil ETF (USO). Najarian is a buyer of Twenty-First Century Fox (FOXA) and Adami is buying Ultra Petroleum (UPL)

-- 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.
3 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
SYM TRADE IT LAST %CHG
AAPL $131.39 0.00%
FB $80.48 0.00%
GOOG $542.51 0.00%
TSLA $245.62 0.00%
YHOO $43.68 0.00%

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs