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: Long on Financials

NEW YORK (TheStreet) -- After a late afternoon selloff the S&P 500 was able to bounce higher, closing up 0.82%. 

On CNBC's "Fast Money" TV show, Karen Finerman, president of Metropolitan Capital Advisors, said Citigroup's (C) earnings report was much better than expected. She added that she was still long the stock, and was buying JPMorgan Chase  (JPM)

Guy Adami, managing director of, is also long Citigroup due to its low valuation. He added that Blackstone (BX) looks good ahead of its earnings report on Wednesday. 

Dan Nathan, co-founder and editor of, said Citigroup could be "dead money." He suggested the stock may remain rangebound between $45 to $50. 

Brian Kelly, founder of Brian Kelly Capital, said he does not want to be long financial stocks. He would rather be long steel stocks if the economy begins to pick up again.

Finerman argued the financial companies are very cheap on a price-to-earnings basis, meaning the stocks can go higher if the economy performs better than expected. 

Google (GOOG) bought Titan Aerospace, the drone company that Facebook (FB) tried to recently buy. 

Kara Swisher, co-executive editor at Re/code, said it would be interesting to see how much the deal was done for since the price tag has yet to be announced. She added Google and Facebook are looking for technology that will be big in the future, not necessarily soon.

Finerman said she continues to like Google due to valuation, especially at current levels. 

Nathan said Google should continue searching for ways to diversify its business away from search engines, which the company is doing by making many small acquisitions. 

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 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

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