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: Where to Start Taking Profits

NEW YORK (TheStreet) -- The S&P 500 rallied on Monday, closing higher by 0.79%. 

On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said he would take profits in Caterpillar (CAT). He added that investors can short the stock with a stop-loss at $101. 

Guy Adami, managing director of stockmonster.com, said technology stocks will likely continue moving higher. He was a buyer of Oracle (ORCL) and Microsoft (MSFT) and a seller of International Business Machine (IBM)

Tim Seymour, managing partner of Triogem Asset Management, said he likes financial and large-cap technology stocks going into the second quarter. 

Karen Finerman, president of Metropolitan Capital Advisors, said Apple (AAPL) needs to introduce a new product category to break the stock out of its current range.

Adami pointed out that cloud technology stocks, particularly F5 Networks (FFIV), continue to trade well. 

Brent Thill, an analyst at UBS Securities, has a buy rating on Microsoft with a $46 price target. He expects the company to begin building a "cross platform" between mobile and desktop computing. He added that the big management change continues to be the bullish catalyst for the stock. He concluded the Microsoft Windows app on Apple devices works great so far. 

Kelly said he'll likely look to take profits in Microsoft near the $42.50 level. 

Seymour said Microsoft's current valuation is historically higher than usual, meaning the company will have to do well when it reports earnings on April 24. 

Adami said the stock needs to beat earnings estimates "meaningfully" in order for the stock to go higher. He suggested being long until the event. 

Brian Marshall, senior managing director at ISI Group, was a guest on the show. Apple is suing Samsung for five patent infringements. Marshall said Apple could sue a lot of companies, but likely will not. He thinks the lawsuit is unlikely to alter either the patent or technological landscape for smartphone makers. He suggested the iPhone 6 will be a big catalyst for the company as more and more customers upgrade to the device. 

1 of 2

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
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!
SYM TRADE IT LAST %CHG
AAPL $127.60 2.28%
FB $83.09 2.87%
GOOG $535.38 2.16%
TSLA $205.27 -0.74%
YHOO $44.66 0.46%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs