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'Fast Money' Recap: What's On? How About Netflix Stock?

Seymour pointed out that momentum appears to have returned to bitcoin since mid-April. On Thursday DISH Network (DISH) announced it will accept the digital currency. 

BlackBerry (BBRY) was the featured company on the show's "Street Fight" segment. Najarian was the bull, arguing the company's restructuring plan is complete and BlackBerry can begin focusing on lucrative businesses such as big data solutions. He added that 98% of Android apps will work on BlackBerry, which is good, while gross margins should exceed 40% by the first quarter of 2015. 

Adami disagreed, arguing that gross margins would only be that high based on cost cutting. The only issue is how many costs the company can cut before there is nothing left to cut. He called BlackBerry Messenger a "wild card," questioning when or if it would be monetized in the future. He concluded that fourth-quarter revenue declined 64% year over year. BlackBerry said a similar fall was in store for the upcoming first-quarter results. 

Seymour said BlackBerry has M&A potential and called the stock undervalued based on a sum of the parts valuation. Finerman is not a buyer of BBRY. 

Must Read: 'Fast Money' Recap: Going Global

Lions Gate Entertainment (LGF) fell after beating on top- and bottom-line estimates. Adami said the stock should find support near $25 once again. "Unfortunately," shareholders will just have to give the company time to prove itself, he added. 

Najarian is a buyer of the November $45 call options in shares of Skyworks Solutions (SWKS) after he detected bullish options activity in those calls. 

Seymour said investors should stay in the food industry, which is experiencing a plethora of M&A activity, with Tyson Foods (TSN) outbidding Pilgrim's Pride (PPC) for Hillshire Brands (HSH). The potential takeout of HSH makes investors wonder what will now happen to Pinnacle Foods (PF), which was supposed to be taken over by HSH. Najarian agreed with Seymour, saying investors should stay in this industry. 

Finerman said Children's Place Retail Stores (PLCE) has a low Ebitda valuation and still has a lot of growth. She is a buyer. 

Adami is a buyer of SodaStream (SODA), reasoning that Starbucks (SBUX) or Pepsico (PEP) seem like likely candidates to take a stake in it. 

Shares of Gap (GPS) are up 4% year to date and Art Peck, president of growth, innovation and digital at the company, said the company's new brand, Athleta, is on track to open 100 stores by year end. The brand was originally an online and catalog brand. Gap used previous customer sales to determine the best locations for opening stores of Athleta, which so far is taking market share from competitors, he said. 

Adami said he is a buyer of Gap due to its low forward earnings valuation, but admitted that margins looked a tad "sketchy."

Seymour said Nike (NKE) continues to find support at the 200-day moving average near $73. He is buyer, based on the company's global growth model and the stock's "decent" valuation. 

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