'Fast Money' Recap: A Stunning Move
Delta Air Lines (DAL) jumped 2% and Adami said he thinks it'll continue higher to $35.
eBay (EBAY) climbed higher by 3%. Kelly is a buyer at current levels and agreed with hedge fund manager Carl Icahn that the company should spinoff its PayPal business.
Dennis Gartman, editor and publisher of The Gartman Letter, said not to trade natural gas based on Ukraine because U.S. natural gas is essentially non-exportable. He did, however, note that Urkaine is a large exporter of wheat, and those prices could be affected by the recent turmoil in the region. He added that issues in Venezuela could aid in higher crude oil prices while lower copper prices could be a bearish sign for the U.S. economy.
Seymour said investors should not worry about China but he's not a seller of copper either.Finerman said she's selling J.C. Penney (JCP). Steve Tanger, president and CEO of Tanger Factory Outlet Centers (SKT), said every consumer has been feeling the pinch in terms of spending. He loves when his tenants extend discounts to their customers because it builds loyalty towards the stores. The quality and brand awareness have gotten much better in a very short period of time for most of his outlet retailers, he concluded. Finerman said Polo Ralph Lauren (RL) has done well in keeping a strong brand name alongside a strong outlet business, whereas Coach (COH) has not. Adami said Tanger Factory Outlet Centers has a reasonable valuation and should do well as long as the broader market does well too. Seymour said there seems to be value in SKT, with a dividend yield near 3% and 20% return on equity. Adami said Groupon (GRPN) could continue lower towards $7.25. Finerman said Walgreen (WAG) was "okay," but she prefers CVS Caremark (CVS). Seymour said he did not want to play First Solar (FSLR) into earnings. Kelly said Compass Minerals International (CMP) will not benefit from high salt demand since this season's contracts were finished last year. For their final trades, Seymour is buying Sina (SINA) and Kelly is buying HollyFrontier (HFC). Finerman said to buy North Atlantic Drilling (NADL) and Adami is a buyer of Nvidia (NVDA). -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell Follow TheStreet.com on Twitter and become a fan on Facebook.
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