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TheStreet Open House

'Fast Money' Recap: Is This Market Pullback a Big Deal?

Oliver Chen, senior research analyst at Citigroup, was a guest on the show. He downgraded shares of Lululemon Athletica (LULU) to hold from buy but did not downgrade the stock to a sell because there is takeover potential. He reasoned that VF Corp. (VFC) could be a viable acquirer, or Lululemon Athletica could be taken private, with the founder owning 26% of the company currently. He added that the company still can expand into Europe, which is a positive. 

Adami said shares of LULU are starting to look attractive on the long side near current levels. 

Nathan suggested that perhaps customers, and women in particular, are choosing Under Armour (UA) products over Lululemon products. He said investors will likely have a chance to buy it lower. 

Najarian reasoned that shares of LULU have plenty of upside potential if the company can turn around its slumping operations.

Finerman said she is short shares of Coach (COH), which report earnings next week. It could be a "kitchen sink" kind of quarter, she said, meaning the new CEO may lower the bar and reset expectations for investors and analysts.

Adami said the "risk-reward" in GameStop (GME) looks attractive, as the stock could pop to the low-$40s. He suggested using a stop-loss near $35. 

Najarian said he likes Whole Foods Market (WFM) on the long side for the long term. He suggested that the company could grow to 1,200 stores in the U.S., more than triple the roughly 350 current stores.

Nathan called Tesla Motors (TSLA) CEO Elon Musk "one of the most innovative leaders" after he opened up the company's patents for other companies to see in order to advance the development of electric car building. While the stock is acting well near $200, he said investors should hope for a pullback to $150 or $160 before buying. 

Amazon (AMZN) announced free streaming music for Prime members. Adami said investors can buy the stock, which looks poised to run toward $345. 

Finerman said Sycamore's 10% stake and possible attempt at a takeover in shares of Express (EXPR) should bode well for the "crappy retailers," because investors may think one of them will be next.

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