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TheStreet Open House

'Fast Money' Recap: Shrugging Off Negative News

Seymour added that interest rates are too low, while high-value stocks continue to move higher. He was cautious on the market and reiterated his sell call on the XLB. 

FuelCell Energy (FCEL) continues to move higher in an unbelievable fashion. Seymour said investors should avoid the stock, while Kelly suggested investors take profits, if they are long. 

Kelly was a buyer of Twitter (TWTR) and Tesla Motors (TSLA). In regards to Tesla, he said the stock is down about 20% from its recent highs and may get a boost to the upside if the bullish momentum returns. 

Grasso was bullish on Facebook (FB) because of its Instagram asset. Nathan added  the WhatsApp acquisition would be the forward growth catalyst in the years to come. 

Boeing (BA) fell 1.5% but closed above Monday's lows. Nathan said the stock has been underperforming in 2014 and could do worse if guidance take a hit in the upcoming earnings results. 

Seymour agreed and is avoiding shares of BA. 

Jason Mackenzie, Americas president of HTC Corp., was excited about the unveiling of HTC's new smartphone on March 25, after the recent announcement the HTC One was named "Smartphone of the Year" for 2013. Although HTC's market share has fallen from 11% in 2011 to 4.5% in 2013, he believes that great smartphones will eventually reverse that trend. 

Seymour suggested that outside of the U.S. HTC will have much more success. However, he preferred to buy Samsung, based on valuation. 

Dennis Gartman, editor and publisher of The Gartman Letter, was a guest on the show. He said that China is shifting to a consumer-driven economy, which could hurt U.S. Treasury buying as the country would be allocating more of its funds to expanding its own infrastructure. He was a seller of copper and crude oil, and long gold and equities. 

Seymour suggested investors sell the Canadian dollar. 

Kelly agreed with Gartman, saying crude oil looks likely to head lower. 

Seymour said he would buy a small position in Freeport-McMoRan (FCX) since it is no longer a pure-play on copper and the recent selloff is overdone. 

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