This Day On The Street
Continue to site
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

'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. 

Must Read: 'Fast Money' Recap: The Gains Are Gone

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

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%
YHOO $32.94 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs