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 stockmonster.com, 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 riskreversal.com, 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.