This Day On The Street
Continue to site
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: 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. 

Must Read: 'Fast Money' Recap: Mardi Gras on Wall Street

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. 

2 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
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs