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: 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)

Must Read: 'Fast Money' Recap: Merger Mania

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

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
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
SYM TRADE IT LAST %CHG
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%
TSLA $280.02 0.00%
YHOO $39.38 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs