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'Fast Money' Recap: Going With the Market's Flow

Dan Ives, managing director at FBR Capital Markets, has a buy rating on shares of Microsoft (MSFT) with a $49 price target. He argued that if mobile and cloud users begin to show larger adoption rates of Office 365, the company could eventually add 40 cents to its earnings per share figure. He added that free-cash flow seems likely to expand and the company can hopefully take market share in the smartphone market. He admitted that Microsoft's acquisition of Nokia's (NOK) handset division could have issues in the future. 

Nathan said Microsoft is unlikely to amass a 10% market share in the smartphone market. However, he said investors can buy the stock because of the strong balance sheet and the dividend yield. 

Najarian agreed with Nathan but added the stock looks likely to break through $42 and make run toward $50.

Finerman said she is long Softbank because it is a "great allocator" of capital and owns a significant stake in Alibaba. 

Najarian said Baidu's (BIDU) $1 billion debt offering has investors excited about what the company could be doing with the funds, which is most likely tied to M&A activity. He said he likes the stock at current levels due to its dominance in the Chinese Internet search engine. 

Nathan said Twitter (TWTR) could be forming a bottom near $30. He is long call options. 

Lululemon Athletica (LULU) was the featured company on the show's "Street Fight" segment. Nathan was the bull, arguing that sentiment for the stock is very poor and its high short-interest could allow for a pop following its earnings release. He added the new CEO is unlikely to provide lowered guidance for the next quarter. 

Kelly disagreed, and argued that Lululemon Athletica's margins could continue to compress as competition from Nike (NKE), Under Armour (UA) and Gap (GPS) increases. He added the company's strong growth phase is in the past and the stock's technical setup looks quite bearish as it could soon break long-term support. 

Najarian admitted that LULU has lost market share over the past year but said he believes the company can make a comeback. 

Ben Baldanza, CEO and president of Spirit Airlines (SAVE), said his company is very transparent with its fees and fares, the latter of which he called the "lowest" in the industry. He added that Spirit will be purchasing its planes, not leasing them. This should save the company roughly $840,000 per plane, he reasoned, a savings that will be passed along to its customers. It will also allow for tax advantages. 

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