This Day On The Street
Continue to site
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

'Fast Money' Recap: Let Your Winning Trades Keep Running

NEW YORK (TheStreet) -- The S&P 500 and Dow Jones Industrial Average closed at all-time highs, the Dow up two points shy of 17,000. 

Brian Kelly, founder of Brian Kelly Capital, said investors can let their winning trades run, meaning they can stay long their positions that have been doing well as the market continues to grind higher. Specifically, he likes Southwest Airlines (LUV)

Tim Seymour, managing partner of Triogem Asset Management, is looking to the energy space and is a buyer of drilling companies. 

Guy Adami, managing director of, said refinery stocks can continue higher for now but are always susceptible to negative headlines. He also likes Delta Air Lines (DAL) and JetBlue Airways (JBLU)

Dan Nathan, co-founder and editor of, is a buyer of General Electric (GE), which has a good dividend yield and an attractive valuation. He said it seems likely to retest $28. 

Adami said investors are discounting shares of GE too much despite it moving into higher margin businesses. 

Carter Braxton Worth, chief market technician at Sterne Agee, looked at stocks that have underperformed the broader market and have "catchup potential." Specifically, he likes Cameron International (CAM) and Weyerhaeuser (WY)

Kelly pointed out that falling lumber prices would be a positive for Weyerhaeuser. Seymour added that WY looks interesting on the long side. Adami said he would wait for WY to breakout over $33.50 before getting long.

Nathan said investors should hold off on buying shares of Pandora (P) right now because they are approaching strong resistance near $30. 

Kelly said Goldman Sachs' upgrade of Netflix (NFLX) has come a little too late, and pretty much reiterates the bullish points of which investors are already aware. It doesn't present anything new, he reasoned. 

Adami said traders can buy shares of Netflix at current levels and use $450 as a stop-loss. Investors who have been long can take profits, too, he added. Seymour said the valuation is too overpriced for him to buy the stock. 

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $118.00 1.10%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs