This Day On The Street
Continue to site
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

'Fast Money' Recap: Impressed by Yahoo!

NEW YORK (TheStreet) -- After selling off through the morning session the S&P 500 had a strong rally in the afternoon, closing up 0.68% and near session highs.

On CNBC's "Fast Money" TV show, the trading panel discussed Yahoo!'s (YHOO) bottom-line beat, decent guidance and Alibaba data. 

Jon Najarian, co-founder of optionmonster.com and trademonster.com, was impressed with the company's mobile users growth. He added that its stake in Alibaba should push the stock higher. 

Brian Kelly, founder of Brian Kelly Capital, questioned what would happen to Yahoo! after its stake in Alibaba is gone since its growth is relatively stagnant. 

Karen Finerman, president of Metropolitan Capital Advisors, said Alibaba will be "a monster." However, she's not participating via Yahoo! but through a long position in SoftBank. 

Guy Adami, managing director of stockmonster.com, argued there's more to Yahoo! than Alibaba. He suggested that near $36 the stock was still cheap and that it should be trading above $40. 

Robert Peck, managing director at SunTrust Robinson, has a buy rating on Yahoo! with a price target of $40. Alibaba's revenue increased 66% while net income jumped 110% year over year in the October through December quarter.

He also pointed out the company's margin expansion, which increased to 78% from 71% in the same time period. He suggested Alibaba is a good way for investors to gauge how the Asian consumer is doing  economically. He concluded that Yahoo!'s earnings report was a good start to earnings season for technology companies.

Shares of Twitter (TWTR) surged 11% on Tuesday after the company announced that it hired Daniel Graf, the former chief of Maps at Google (GOOG). Kelly said shares of Twitter can continue to go higher.

Adami called Twitter "interesting" at current levels. He said the large trading volume and reversal in the stock price may signal a temporary bottom. 

Intel (INTC) beat on bottom-line estimates and reported in-line revenue results. 

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
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!
SYM TRADE IT LAST %CHG
AAPL $132.63 -0.02%
FB $81.34 -0.70%
GOOG $555.04 -0.06%
TSLA $234.16 1.10%
YHOO $44.52 0.36%

Markets

DOW 18,093.89 +55.92 0.31%
S&P 500 2,112.28 +3.36 0.16%
NASDAQ 5,062.91 +2.6640 0.05%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs