This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

'Fast Money' Recap: A Market In Higher Gear

NEW YORK (TheStreet) -- The S&P 500 added to Monday's gains, closing higher on Tuesday by 0.70%. 

On CNBC's "Fast Money" TV show, the trading panel discussed General Motors (GM) and the recent issues surrounding its recalls. 

Tim Seymour, managing partner of Triogem Asset Management, thinks GM will have a poor first quarter but is optimistic over the longer term. He added that sales and the auto market are both strong. 

Dan Nathan, co-founder and editor of, suggested GM could bounce back to the $37.50 level and he was long April $34 calls. 

Brian Kelly, founder of Brian Kelly Capital, said the stock has held the $33 level and he was a buyer. He would buy Toyota (TM) near $110. 

Steve Grasso, director of institutional sales at Stuart Frankel, was a buyer of Ford (F) at current levels. He suggested investors buy GM on a breakout over $36 rather than trying to pick a bottom. 

Michael Ward, a managing director at Sterne Agee, said General Motors has been very transparent and upfront regarding the recent recalls and issues with its vehicles. He added that the failure to recall the vehicles earlier fell under the responsibility of the "old GM" -- the company that filed for bankruptcy in 2009 -- not the "new GM." He concluded that earnings growth should remain strong, particularly in 2015. He was also bullish on Ford. 

Jack Nerad, executive editorial director at Kelley Blue Book, said GM's recalls have yet to weigh on auto sales. However, he admitted that when Toyota dealt with a similar situation several years ago -- when cars would suddenly accelerate -- that recall did negatively affect sales. He concluded the current issues at GM will eventually blow over, at least in the mind of consumers. 

Grasso likes casino stocks since they typically do well in April. Specifically, he's a buyer of Las Vegas Sands (LVS)

Seymour said investors could sell-short Melco Crown Entertainment (MPEL) near $43 or $44. 

Kelly was a buyer of JetBlue Airways (JBLU) on a pullback and of United Continental Holdings (UAL) at $45.50. 

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
AAPL $125.47 1.80%
FB $82.86 -0.53%
GOOG $548.77 0.08%
TSLA $183.29 -0.92%
YHOO $45.04 -0.13%


DOW 17,974.68 +262.02 1.48%
S&P 500 2,080.68 +19.66 0.95%
NASDAQ 4,927.4060 +36.1870 0.74%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs