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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Waiting on the Jobs Report

NEW YORK (TheStreet) -- The Dow Jones Industrial Average closed at a record high. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said Thursday's nonfarm payrolls report could create some volatility if it's below investors' expectations. 

Brian Kelly, founder of Brian Kelly Capital, said Thursday -- the last trading day this week and ending at 1 p.m. EDT -- could end up being an important trading day because of the federal nonfarm payrolls report, which is being released on Thursday because of the July 4 holiday. If the result is bad, investors could start to unwind long positions. 

Guy Adami, managing director of stockmonster.com, said the selloff in bonds on Wednesday is possibly suggesting that the nonfarm payrolls report will be good. 

Karen Finerman, president of Metropolitan Capital Advisors, says investors should not use the ADP jobs report released Wednesday as a guide to the nonfarm payrolls report. A good result will likely support equities at current levels, she reasoned. 

Seymour said Freeport-McMoRan (FCX), Southern Copper (SCCO) and Teck Resources (TCK) are all very cheap and starting to break out. He suggested investors get long these stocks and sell aluminum as a hedge. Adami concurred that Freeport-McMoRan appears to be breaking out. 

Tom Kloza, chief oil analyst at GasBuddy.com, was a guest on the show. This year's July 4 holiday gas prices will be highest since 2008, he said. However, prices should fall going into the rest of summer and decline even more sharply after Labor Day. Event risks, such as violence in the Middle East, can always give prices a jump. But without an unforeseen event popping up, gas prices should head lower as crude oil supply remains strong. 

Adami said Valero Energy (VLO) looks "good on the long side." He likes the risk-to-reward setup. Kelly is selling crude oil. 

Seymour reasoned that brent crude oil seems likely to rally and said investors should buy BP (BP), Exxon Mobil (XOM) and Total (TOT), all of which have low valuations and attractive dividends.

Steve Milunovich, managing director at UBS, has a buy rating on shares of Apple (AAPL) with a $100 price target. He reasoned that the iWatch and two bigger iPhones will help drive sales. He added that investors will believe in the company's innovations again and become buyers of the stock. Despite the recent run up in share price, he says the stock will not be a "sell the news" this time because analysts estimates are still too low. 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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