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TheStreet Open House

'Fast Money' Recap: Another Week, Another Record Close

NEW YORK (TheStreet) -- The S&P 500 ended the week in record territory once again, tacking on a 0.46% gain to Thursday's record close. 

On CNBC's "Fast Money" show, the trading panel discussed whether value stocks can still be found in this market.

Pete Najarian, co-founder of and, said investors can look at the WisdomTree India Earnings ETF (EPI) and Whole Foods Market (WFM),. He thinks Whole Foods appears to be getting some upside momentum. 

Brian Kelly, founder of Brian Kelly Capital, said the U.S. stock market is getting to levels that are tough to buy near. However, he does like emerging markets, specifically the iShares MSCI Brazil Capped ETF (EWZ)

Tim Seymour, managing partner of Triogem Asset Management, said the European Central Bank's new monetary policy will allow for increased liquidity for banks. This should give a boost to emerging markets and he likes the iShares MSCI Emerging Markets ETF (EEM)

Steve Grasso, director of institutional sales at Stuart Frankel, said he believes the market is due for a slight pullback, and he is a buyer of KB Home (KBH). He added that investors who are expecting a continued move to the upside in the broader market can look at Arch Coal (ACI).

Hedge fund manager Carl Icahn has taken a 9.4% stake in shares of Family Dollar Stores (FDO). Kelly said investors can always follow Icahn into positions, but suggested they watch out for weakness in Wal-Mart (WMT) over the next several quarters. 

Najarian said there may be some value in the dollar store businesses due to the recent selloff in the stocks. 

Seymour reasoned there could be some consolidation in the dollar store industry. 

Shares of Apple (AAPL) will open for trading on Monday near $92.22 following its 7:1 stock-split after the Friday close. Mark Newton, chief market technician at Greywolf Execution Partners, said the stock is unlikely to go much higher without having a pullback.

Apple stock is in "nosebleed levels" now, with the stock up over 25% in the past 35 trading sessions. He said the stock is more likely to trade to $85 post-split levels (about $600 pre-split levels) before it trades to $100 post-split levels (about $700 pre-split levels). However, despite being cautious over the short term, he finds the long-term story and fundamentals attractive. Newton said he is a buyer near $85. 

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