This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

'Fast Money' Recap: What Should You Buy in July?

Adami agreed with Finerman, saying that between Ford (F) and GM, he would buy GM. He also likes BorgWarner (BWA) and Delphi Automotive (DLPH) on the long side. Grasso is a buyer of Ford.

Yahoo! (YHOO) jumped 2.5% following an analyst upgrade based on Alibaba's valuation. Yahoo! has a 22.6% stake in the Chinese Internet company. Nathan said investors are discounting shares of Yahoo! because they are unsure of what CEO Marissa Mayer will do with the proceeds from the Alibaba IPO, and they are also pessimistic on Yahoo!'s core business. He is a buyer near $30, not $35. 

Adami said Yahoo! should appreciate by $6 to $7 per share based on its stake in Alibaba. 

D.R. Horton (DHI) is "very exposed to the first-time homebuyer," Grasso said. The stock has a lot of room to the upside. He is long KB Home (KBH)

Dennis Gartman, editor and publisher of The Gartman Letter, was a guest on the show. He said the corn and soybean crop this year is "huge" while the wheat crop is also relatively large. This drives prices down, making input costs lower for companies like Kellogg (K) and General Mills (GIS), he reasoned. 

Adami said shares of GIS are still not cheap based on valuation, despite the recent selloff. He added that Archer Daniels Midland (ADM) needs to break through $46 on the upside or it could risk forming a "double top," a bearish technical formation. 

Grasso is a buyer on Monsanto (MON)

Alexandra Lebenthal, president and CEO of Lebenthal & Company, suggested that Puerto Rican debt, 66% of which is held by U.S. mutual funds, could be at risk of default. The bonds are currently trading at 40 cents on the dollar but a restructuring of the debt could reprice the bonds at just 10 cents on the dollar. She suggested investors avoid this investment. 

GoPro (GPRO) jumped 14% and was the first stock on the show's "Pops & Drops" segment. Adami said traders should buy the stock because it has upside momentum. 

Micron  (MU) climbed 5%. Grasso suggested that investors take some profits near current levels despite the positive catalysts currently driving the stock higher. 

Allergan (AGN) fell 3%. Finerman said a deal between Allergan and Vertex Pharmaceuticals (VRTX) appears likely to happen. 

2 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%
YHOO $45.10 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs