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: Music to the Market's Ears?

NEW YORK (TheStreet) -- Stocks dipped lower into Wednesday's close as the S&P 500 finished 0.11% below Tuesday's closing price. 

On CNBC's "Fast Money" TV show, the trading panel took a closer look at Apple's  (AAPL) now official acquisition of Beats Electronics for $3 billion. 

Guy Adami, managing director of stockmonster.com, said Apple made the acquisition for Beats' "cool factor," not it's technology. He added the stock appears likely to rally into the 7:1 stock split, which will take effect on June 9.  

Karen Finerman, president of Metropolitan Capital Advisors, agreed Apple made the purchase of Beats for the latter's consumer products. She added that the $3 billion price tag is too small to really matter for Apple. 

Dan Nathan, co-founder and editor of riskreversal.com, also called the acquisition price a "drop in the bucket." He said investors and analysts seem overzealous right now and he questioned Apple's innovation going forward. 

Steve Grasso, director of institutional sales at Stuart Frankel, said the stock split may mark a "near-term top" in the stock price.

Brian Blair, managing director and senior research analyst at Rosenblatt Securities, said he's "very puzzled" by Apple's deal for Beats Electronics. He called Beats a non-premium brand and suggested Apple's move is "too little, too late." However, he thought Apple's large user base, coupled with Beats' streaming music service, could allow for rapid adoption among users. 

Nathan said he is long September bull call spread options in Twitter (TWTR), which found support near $30 and jumped roughly 10% on Wednesday. Grasso added that perhaps investors feel as though they have the "all clear," now that analysts are starting to warm up to the stock again. 

Adami said LinkedIn (LNKD) appears to be an attractive long candidate "technically speaking" by the setup on the price chart. However, he admitted the stock's valuation is still a bit "stretched." 

Rick Sherlund, a tech analyst at Nomura Securities, was a guest on the show. Regarding Microsoft's (MSFT) future success, he said it's all about doing well in mobile and strengthening its enterprise business because the consumer segment remains weak for the company. Investors will not have "immediate gratification" as it would from financial engineering, because CEO Satya Nadella has opted not to spin off Bing or Xbox and is choosing to organically grow the company. 

1 of 2

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 17,039.49 +60.36 0.36%
S&P 500 1,992.37 +5.86 0.30%
NASDAQ 4,532.1040 +5.6220 0.12%

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