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'Fast Money' Recap: Riding the Momentum

Richard Bove, vice president of equity research at Rafferty Capital, has a hold rating on Citigroup (C) with a $48 price target. He said the bank has had too many management changes in the past two decades and is currently not managed well. He does not like the level of Citigroup's international exposure. He concluded  the stock is cheap because it has so many headwinds.

Seymour said Citigroup is a buy because the market has priced in its potential headwinds. 

Tuesdays have produced an 8% gain in 2014 versus a loss of 6% for all of the other days of the week. Seymour said the trade is likely over now that investors are aware of it. 

Mark Newton, chief technician analyst at Greywolf Execution Partners, said Biogen Idec (BIIB) has sold off too much over the past seven weeks. He added the stock has found support near its one-year trend line and could move up to $325 in the short term and up to $360 sometime this summer.

In addition, Facebook (FB) could climb to $67 because it has cleared the $63.18 level. Apple (AAPL) looks good on the long side, based on appealing risk-to-reward metrics. 

Must Read: 'Fast Money' Recap: Is Google Now a Buy?

Michael Kors (KORS) jumped 3% and was the first stock on the show's "Pops & Drops" segment. Finerman called the company a "great retailer" but did not say if she was a buyer or seller. 

Lexmark International (LXK) fell 11%. Kelly said $40 seems to be support but he would sell the stocks on rallies. 

Royal Philips NV (PHG) dropped 6%. Adami said the company reported poor earnings-per-share results but had good revenue. 

Conn's (CONN) popped 8%. Seymour cited hedge fund manager David Einhorn's positive comments and investment in the stock as the catalyst for the move higher. 

Jonathan Weinbach, senior vice president and executive producer of Mandalay Sports Media, said the company plans to debut a nine-episode series about street soccer called Every Street United on Microsoft's (MSFT) Xbox platform. It will be one of the first original programs to launch on Xbox. 

Kelly was a buyer of Disney (DIS) over Netflix. Seymour agreed. 

For their final trades, Finerman suggested taking some profits in United Rentals (URI) and Adami was a buyer of Facebook. Kelly was a buyer of Control4 (CTRL) and Seymour said to buy Citigroup.

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.
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