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'Fast Money' Recap: Where to Start Taking Profits

Seymour said Qualcomm (QCOM) has great technology and impressive products but could be susceptible to lower margins due to lower pricing points in emerging markets. 

Adami said that a lot of recent news for Tesla Motors (TSLA) has been negative. However, bullish news could be just around the corner, with the company set to report earnings in roughly three weeks. He suggested investors could start a small long position at current levels. 

Seymour said he would get long Yahoo! (YHOO) at current levels, with a stop-loss just below $35.

Finerman said shares of General Motors (GM) will likely be "dead money" for awhile as the company continues to recall more vehicles. She added there is no quick fix to the current issues. 

Must Read: 'Fast Money' Recap: Stressed by the Tests

Adami pointed out GM continues to hold $34 but is starting to look less desirable on the long side. 

On a day when everyone on Wall Street was buzzing about Michael Lewis' new book Flash Boys: A Wall Street Revolt, Irene Aldridge, author of High Frequency Trading and managing partner at Able Alpha Trading, came on to refut his claims.

As a supporter of high-frequency trading, she said computers and algorithms are necessary in today's world of large data. She added that retail investors benefit from high-frequency trading because of the lower transaction costs that used to be associated with traditional brokers.

Dennis Gartman, editor and publisher of The Gartman Letter, said Japan will need to intensify its quantitative easing measures if the country wants to prevent deflation. He was a seller of the yen against gold or against "English speaking" currencies. 

Kelly said investors could go long the WisdomTree Japan Hedged Equity ETF (DXJ) with a stop-loss at $45. 

Seymour said Japanese exporters should continue to benefit from currency fluctuations. He was a buyer of Toyota Motors (TM)

Doug Bowers, president and CEO of Square 1 Financial (SQBK), said his company generally makes investments or loans to private companies that are connected with venture capitalists. He added that loan growth and deposit growth have grown nicely over the past five years and grew particularly well in 2013.

While many investors may think the company makes loans to less-stable companies, he argued that Square 1 generally sticks to companies that are backed strongly by venture capitalists and have valuable assets. 

Seymour said shares of eBay (EBAY) look "interesting" on the long side at current levels. 

For their final trades, Kelly was a buyer of Control4 (CTRL) and Finerman was covering her short position in SFX Entertainment (SFXE). Seymour was taking profits in the iShares MSCI Brazil Capped ETF (EWZ) and Adami was a buyer of Snap On (SNA).

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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.
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