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: S&P Snapback

NEW YORK (TheStreet) -- The S&P 500 snapped its losing streak, closing higher by 0.38%. 

On CNBC's "Fast Money" TV show, Guy Adami, managing director of, said investors can "trust" Tuesday's rally. He added the S&P 500 seems likely to continue moving higher but won't make new all-time highs this month.  

Tim Seymour, managing partner of Triogem Asset Management, said investors should avoid stocks that are overvalued. He was a buyer of Apple (AAPL)

Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, called the market "okay" at current levels. He added that he is bullish over the long term. 

Karen Finerman, president of Metropolitan Capital Advisors, said she would not sell into Tuesday's rally. She suggested investors look for quality companies with reasonable valuations such as Google (GOOGL)

Seymour likes General Motors (GM) because of its valuation and the strong U.S. auto market. Adami said investors could stay long the stock with a stop-loss at $34.

Chris Verrone, head of technical analysis at Strategas, said the S&P 500 is likely to decline another 40 to 50 points. He added that possible support could be found near 1,770 to 1,780. However, he argued that individual stocks can still be attractive. He liked Microsoft (MSFT)

Seymour said investors should use broad-based emerging market funds rather than country-specific funds. He added that he is a seller of the iShares MSCI Brazil Capped ETF (EWZ) and a buyer of the iShares MSCI South Korea Capped ETF (EWY)

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • 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