This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Blame David Tepper


Cisco Systems (CSCO) jumped 6%. Najarian said management sounded "very bullish" and the stock had impressive strength on a bad day in the overall market. 

Blackstone (BX) fell 2%. Kelly said investors who like the stock can buy it based on Thursday's selloff. 

Najarian said Red Hat (RHT) looks poised to "go higher," based on bullish call option activity. 

Tim Seymour, managing partner of Triogem Asset Management, made a guest appearance on the show. He is short Melco Crown Entertainment (MPEL), saying the valuation of the stock no longer makes sense now that the company is not growing annual revenue by 60%. He reasoned that a good level to cover the short position is near $30. He likes Tencent Holdings (TCEHY) and Baidu (BIDU)

Donald Drapkin, managing director and co-founder of Casablanca Capital, and Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, were guests on the show. Drapkin said he sold his common shares of General Motors (GM) at a profit and bought a long position in call options. 

Drapkin argued the stock trades at a very attractive valuation and will do well over time. Scaramucci agreed, calling it a "low P/E stock," referring to GM's valuation. He said the management team has accepted accountability for the recall issue and suggested that the company may increase its dividend and announce a share buyback. He called the stock a good investment for the current market environment. 

Lauren Bush, co-founder and CEO of FEED Projects, was a guest on the show. The philanthropist said her organization has donated 75 million meals since its inception seven years ago. She is optimistic on the younger generation, calling them "conscious consumers." Those who want to help can do so buy purchasing products to benefit the hungry on 

For their final trades, Adami was a buyer of Goodyear Tire & Rubber (GT) and Kelly was a seller of Toyota Motors (TM)

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

Follow on
Twitter and become a fan on Facebook.


Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,778.15 +421.28 2.43%
S&P 500 2,057.40 +44.51 2.21%
NASDAQ 4,743.2230 +98.9110 2.13%

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