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'Fast Money' Recap: A Market In Higher Gear

Seymour said to stay long the iShares MSCI Emerging Markets ETF (EEM), which should hit resistance near $43. Nathan added that the EEM will likely hit resistance near $42. 

When choosing between Facebook (FB) and Gilead Sciences (GILD), Nathan was a buyer of Gilead. He argued the company is growing earnings at a very rapid rate while trading at a more reasonable valuation than Facebook. 

Paul Hickey, co-founder of Bespoke Investment Group, was a guest on the show. His top picks for a rebound in momentum stocks include: Biogen Idec (BIIB), Facebook and Mylan (MYL). He added that analysts' expectations are still rather low headed into earnings season. Hickey expects the companies to issue better-than-expected guidance in the upcoming quarter. 

Intuitive Surgical (ISRG) climbed 13%, making it the first stock on the show's "Pops & Drops" segment. Nathan was not a buyer. 

Must Read: 'Fast Money' Recap: Downward Pressure

Cliffs Natural Resources (CLF) fell 2%. Seymour was long the stock but admitted that it will likely remain rangebound until demand for iron ore increases. 

Rite Aid (RAD) jumped 2%. Kelly said investors could use $6.20 as a stop-loss target. 

KB Home (KBH) rallied 3%. Grasso said the housing market does well in a rising interest rate environment. He was a buyer at current levels. 

Grasso said new investors continue to buy Microsoft (MSFT), which hit a 14-year high on Tuesday, as it continues its push into new technologies such as the cloud. 

Robert Scoble, startup liaison officer at Rackspace (RAX), was a guest on the show. Regarding Google (GOOG) Glass, he's no longer impressed. He said the product has yet to undergo significant improvements after being introduced more than a year ago.

He critiqued the device's battery life, functionality with photos and its failure to handle applications. However, he did say the device could do really well in the long term and Google's strategy to explore many different technologies is a good. 

Nathan added that Apple (AAPL) seems like the most likely company to master wearable devices. 

For their final trades, Seymour was a buyer ICICI Bank (IBN) and Grasso was a buyer of Hewlett-Packard (HPQ). Kelly was a buyer of Advanced Micro Devices (AMD) and Nathan was long Costco Wholesale (COST) via April 11 weekly expiration call options.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

Follow 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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