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: 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, 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, 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

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 $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs