This Day On The Street
Continue to site
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: What's On? How About Netflix Stock?

NEW YORK (TheStreet) -- The S&P 500 made another record close, ending Thursday's session at 1,920, up 0.54%. 

On CNBC's "Fast Money" TV show, the trading panel took a look at shares of Netflix (NFLX)

Guy Adami, managing director of, said the stock looks likely to push up to the $458 level, where it will either breakout or breakdown. 

Tim Seymour, managing partner of Triogem Asset Management, said the stock has simply bounced higher from oversold levels. With a relative-strength index (RSI) reading of 80, he reasoned that the stock is now overbought. 

Must Read: 'Fast Money' Recap: Stocks You Should Sell Now

Karen Finerman, president of Metropolitan Capital Advisors, said the stock's valuation is way too high for her to consider buying the stock. She added the valuation make it dangerous to own a stock like this. 

Jon Najarian, co-founder of and, acknowledged Netflix has a high valuation but said it could still continue higher with more "reality shock" selloffs in the future. 

Victor Anthony, managing director at Topeka Capital, has a buy rating on shares of Twitter (TWTR) with a $60 price target by the end of 2014. He admitted the stock got ahead of itself before selling off in what became a "de-risk" environment. He said Twitter's monetization potential is very high with its platform.  

Seymour said he is long June $32 call options in Twitter. He said the stock seems to "temporarily" have its momentum back. Najarian is long Twitter as well, but he is not trading the stock based on valuation. He is not that optimistic on Twitter's ability to properly monetize its platform. 

Adami pointed out how good Facebook (FB) earnings were last quarter. With its "very strong" results in nearly every metric, he reasoned the stock should be able to climb to $75.

Finerman is a buyer of Softbank and said it is a better investment than Yahoo! (YHOO) in terms of a play on Alibaba since both own stakes in the Chinese e-commerce company. 

Najarian called Walter Energy (WLT) "undervalued" at current levels. 

Seymour said eBay (EBAY) is both oversold and undervalued. He is a buyer. 

Najarian questioned whether investors have already "baked" in all of the upcoming announcements into Apple's (AAPL) stock price. He worries about a selloff in the stock if the company fails to announce a "blow away" product. 

Seymour argued the Apple's valuation alone is enough to keep the momentum going to the upside. Finerman suggested the market is unlikely to price in too much of a premium into shares of Apple, based on a product they have never seen or heard of. 

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs