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'Fast Money' Recap: Rangebound Treasury Yields

NEW YORK (TheStreet) -- After selling off early in Thursday's session, the S&P 500 regained most of its losses, only closing lower by 0.12%.

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said the Federal Reserve wants to see wage inflation increase before making any dramatic decisions. He says 10-year Treasury yields are rangebound between 2.5% and 2.9%. 

Guy Adami, managing director of, said Treasury yields look poised to head lower. Despite the rally in bonds, equities continue trading to the upside, he added. 

Steve Grasso, director of institutional sales at Stuart Frankel, said some of the price action looks odd, but that's likely because of the portfolio rebalancing that comes at the end of each quarter, which is quickly approaching. 

Nike (NKE) beat revenue and earnings estimates. Corinna Freedman, an analyst at Wedbush Securitiessaid it's good the company is focusing on growing its digital business considering revenue grew 40% year-over-year for that segment. 

Freedman added the digital segment also improves the company's margins. Selling, General and Administrative (SG&A) expenses increased significantly in the quarter, something she attributed to marketing for the World Cup. It should pay off, though, as the U.S. team advanced to the next round. Women's apparel was much stronger than expected, she concluded. 

Karen Finerman, president of Metropolitan Capital Advisors, said she is long Foot Locker (FL), which has drastically outperformed Nike since the start of 2014 and has a lower valuation. 

Seymour is long Nike, saying the company has solid earnings growth and improving operating margins. He added that China will be the "make or break" market for Nike in 2015, but admitted that the stock has a lot of resistance near $80. 

Adami also pointed out the resistance at $80 for Nike. If the stock can break through that level and find support near $80, it will likely trade within a new, higher range, he said. 

Shares of Twitter (TWTR) jumped 5% on Thursday. Mark Mahaney, managing director and lead Internet analyst at RBC Capital Markets, has a buy rating on shares of Twitter with a $60 price target. 

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