This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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: Opening the Oil Spigot?

Seymour took a look at Chinese growth in general, saying that it is very impressive. He likes Baidu (BIDU), Vipshop (VIPS), and Tencent Holdings. 

Adami said investors should stay long Yahoo!. As long as Alibaba's valuation comes in above $150 billion, which he thinks it will, then shares of Yahoo! should trade "north of $40." 

Dennis Gartman, editor and publisher of The Gartman Letter, pointed out the United States is becoming more self-sufficient in regards to energy, and part of that is because of fracking. He is a buyer of the suppliers to fracking, which has large demand for water and sand. Gartman likes Hi-Crush Partners LP (HCLP), a sand supplier, which also has an attractive dividend. 

He added that the spread between brent crude oil and WTI crude oil is likely to widen, with the price of brent moving higher. He argued the price of oil looks like to be a little "pressed" on the upside, considering headlines from Iraq are sending prices higher, despite the fighting and conflicts not happening near the oil production facilities. 

Adami said he would stay long Apache (APA), which could be headed toward $100 to $105 per share. 

Seymour took a look at emerging markets via the iShares MSCI Emerging Markets ETF (EEM), which is near 30-month highs. It's running into resistance near $45 but Seymour thinks it will continue through this level and he is a buyer if it is able to breakout.

Tesla Motors (TSLA) jumped 8.5% after the company said the Model X will be available for delivery in the first quarter of 2015. Seymour said this news shouldn't matter because this information was already assumed. He added that Monday's price action was likely follow through from Friday when the company opened up its patents for other companies to see, allowing more advancements in the electric vehicle space. 

Seymour added he is not a buyer of this "ridiculously priced" stock, but also said he would never sell it short either. 

Grasso pointed out the company not only makes environmentally-friendly, electric cars, but vehicles that people actually want to drive, too. 

Grasso said investors can stay long Microsoft (MSFT) at current levels. 

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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