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: Looking for Quality Stocks

NEW YORK (TheStreet) -- The Russell 2000 rallied 1.41% while the S&P 500 closed at a new all-time high of 1,911.91. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said investors should continue rotating into low-valuation industrial and cyclical stocks. He added that investors can consider selling short the iShares Russell 2000 ETF (IWM) soon. 

Dan Nathan, co-founder and editor of riskreversal.com, agreed with Seymour, saying the IWM is getting towards levels to sell. He advised investors not to try picking a top in the S&P 500 and said not to buy into the current rally. 

Karen Finerman, president of Metropolitan Capital Advisors, said she is a buyer of Bank of America (BAC)

Guy Adami, managing director of stockmonster.com, said the S&P 500 seems likely to continue grinding higher. He added that airline stocks continue to perform well and the IWM is a sell if it fails to break through $115, where is seems poised to go for now.

Nathan pointed out the strength in stocks like Priceline.com (PCLN), Google (GOOGL) and Apple (AAPL), which he called high-quality companies with reasonable growth at a low valuation.  

Peter Misek, managing director at Jefferies, has a buy rating on shares of Apple with a $700 price target. While he said the company's home automation plans sound exciting, the iPhone 6 upgrade cycle will mean the most to the bottom line.

He added the expected larger screens should help the company regain market share from rivals such as Samsung (SSNLF). He added the number of expired iPhone contracts are nearly double what they were when the iPhone 5s launched, a bullish sign suggesting that customers will want to upgrade. 

Seymour said he bought Apple on Tuesday after waiting for it to drift lower toward $575. He reasoned that the stock is breaking out and should do well in the second half of 2014. 

Adami's "instincts" tell him to sell the strength in shares of Apple ahead of its WWDC event and stock split next week. However, he admitted that momentum appears to be to the upside still. 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASDAQ 4,352.6390 -17.1340 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • 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