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TheStreet Open House

'Fast Money' Recap: Late-Day Rally, Another Record High

Adami said the company "seems to be living on borrowed time," but he did not want to be involved with the stock, (either long or short). 

Finerman was not a buyer of Family Dollar Stores (FDO), based on its valuation. 

Shares of Coach (COH) sank 9% following a lackluster investor day. Corinna Freedman, footwear, apparel and accessories analyst at Wedbush, said the company's 2015 guidance was weaker than expected and earnings per share could fall below $2, by her own estimates. She added that Coach is an unlikely takeover target and its turnaround story has hope, but will take a long time. 

Finerman, who was short coming into the investor day, said the stock is getting near value territory but is not quite buyable yet because the company has no foreseeable catalysts. 

In a quick game of "Would You Rather?," the traders had to chose between buying shares of Coach or shares of Michael Kors (KORS)

Najarian and Finerman were buyers of Coach, while Adami and Seymour were buying Michael Kors, although they both admitted the valuation was expensive. 

Adami said investors could buy shares of Harley-Davidson (HOG), which has a reasonable valuation, strong shipments and an iconic brand. 

Netflix (NFLX) revealed that Chelsea Handler will have comedy specials in 2015 and regular shows in 2016 on is platform. Najarian said this news is great but unlikely to affect the stock much, since the timing is far off.

Mark Dankberg, chairman and CEO of ViaSat (VSAT), said that many customers do not think of satellite when choosing high-speed Internet but it is actually a viable, quality option. The company's goal is grow its user base and focus on those who currently use 3G, 4G or a DSL connection at home. The company has been focused on improving customer value, which appears to be working he said, based on higher average revenue per customer. 

Seymour said the company has a lot of opportunities but also a lot of competition. He is not a buyer at current levels. Adami called shares of VSAT volatile but "not ridiculously expensive." He said investors who want to get long, should do so soon. 

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