This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

'Fast Money' Recap: 4-Day Winning Streak

NEW YORK (TheStreet) -- The S&P 500 improved its winning streak to four consecutive days, closing higher by 0.29% on Wednesday. 

On CNBC's "Fast Money" TV show, Pete Najarian, co-founder of optionmonster.com and trademonster.com, said Amazon's (AMZN) new streaming set-top box, the Fire TV, will likely underwhelm customers, especially with its $99 price tag.

Jon Najarian, co-founder of optionmonster.com and trademonster.com, agreed, saying the device does not have enough features to support the price. He added that Google's (GOOG) Chromecast device is similar, but much cheaper at $35. 

Guy Adami, managing director of stockmonster.com, pointed out Amazon has not traded well since the last earnings report and he suggested investors avoid the stock at current levels.  

Karen Finerman, president of Metropolitan Capital Advisors, said shares of Amazon could fall a lot if the company misses earnings expectations again, with results expected to be reported on April 24. She did not like the company's valuation. 

Michael Pachter, managing director of equity research at Webush Securities, agreed Amazon's Fire TV device was "too little, too late." He added the device is not a negative for Netflix (NFLX) since the service will be available on the device as well. Overall, though, he was not bullish on Netflix and expects operating and content costs to hurt the stock, especially once the company is forced to raise prices. 

Adami said Tesla Motors (TSLA) appears to have formed a short-term bottom on Monday and will likely continue to move higher over the next several weeks. Pete Najarian added Tesla has strong support at its 50-day moving average. 

Daniel Ives, an analyst at FBR Capital Markets, has a hold rating on Microsoft (MSFT) with a $40 price target. It's good to see the tech giant going after cloud and mobile businesses, he said. He added that CEO Satya Nadella is the leader who is finally taking steps to navigate the company toward growth. However, he admitted that the mobile and cloud business would be an uphill battle. 

Adami said investors should stay long Microsoft into its earnings release. He is targeting the $46 level, where he suggested taking profits. Pete Najarian agreed. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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