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: Can GM Shares Drive Through $38?

NEW YORK (TheStreet) -- The S&P 500 climbed on Wednesday, ending higher by 0.49%. 

On CNBC's "Fast Money" TV show, the trading panel looked at shares of General Motors (GM)

Karen Finerman, president of Metropolitan Capital Advisors, said the stock continues to shrug off negative headlines. For that reason, along with the attractive valuation and dividend, she is long. 

Guy Adami, managing director of, said GM could regain upside momentum if the stock can break through $38. However, he is a buyer of BorgWarner (BWA) and Delphi Automotive (DLPH) instead. 

Brian Kelly, founder of Brian Kelly Capital, questioned why GM is the only company to have all of these recall issues and suggested investors watch how its peers trade on the negative headlines. He is a buyer of Ford (F) and a seller of Toyota Motors (TM)

Dan Nathan, co-founder and editor of, said Ford looks like it could breakout to new highs over $18. 

Bob Peck, managing director at SunTrust Robinson Humphrey, has a buy rating with a $680 price target on shares of Google (GOOGL). He said the company is focused on improving three consumer categories: the TV, the car and the smartwatch. 

Google is also interested in the "Internet of things," he said, so it can collect data and personalize users' experience. He said investors should pay attention to Google's paid clicks metric in the upcoming earnings quarter. 

Kelly said shares of Google look likely to moved toward $600. Adami agreed. 

Bed Bath & Beyond (BBBY) missed on top- and bottom-line earnings estimates. Nathan said investors are not willing to pay the type of premium they were for BBBY last year, but the stock has fallen too much to short-sell at this point. 

Kelly suggested Bed Bath & Beyond's poor earnings results could be a read-through on the housing market, and wondered if Home Depot (HD) and Lowe's (LOW) would have underwhelming results as well.

Kelly said he was surprised Netflix (NFLX) and Disney (DIS) didn't rally on Wednesday along with their peers. He suggested both could be buying opportunities on Thursday. 

1 of 3

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 $93.97 0.25%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $238.50 -0.94%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs