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'Fast Money' Recap: Focusing on Apple

Najarian said shares of Micron (MU) can continue to move to the upside since the stock is not expensive based on forward estimates. He also likes Canadian Pacific Railway (CP)

Seymour said investors should stay long industrial metal and mining stocks, with the exception of aluminum companies. He likes Freeport-McMoRan (FCX), Cliffs Natural Resources (CLF) and Southern Copper (SCCO). Najarian concurred, saying he likes FCX and SCCO. 

Brown said the only movie theater stock he found to have a good risk-to-reward was Cinemark Holdings (CNK). He suggested investors use Monday's low as their stop-loss. 

Finerman said she's not thrilled to see Google (GOOGL) entering the fresh food delivery space, which means going head-to-head with Amazon (AMZN). She said Google's entry would be expensive for both companies; overall, she still likes Google on the long side. 

Seymour said Japanese equities seem poised to begin outperforming. 

Dennis Gartman, editor and publisher of The Gartman Letter, was a guest on the show. He is still long Apple and Alcoa (AA) but is largely paring back his long exposure for the time being. Although we're still "in a bull market," Gartman reasoned the market has gotten a "bit ahead of itself" and needs to cool down over the next few weeks. Over the long term he is still bullish. 

Golar LNG (GLNG) fell 2% and was the first stock on the show's "Pops & Drops" segment. Finerman said the decline is just a pullback and investors should not worry about it. 

King Digital Entertainment (KING) fell 5%. "I would avoid it for a little while," Najarian said. 

BlackBerry (BBRY) is up 60% since the beginning of June and up 6% on Monday. Brown said to stay long the stock but not to initiate a new position. 

Tesla Motors (TSLA) fell 3%. Seymour said a reported car accident is not a reason to sell the stock.

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AAPL $95.01 0.00%
FB $99.51 -0.24%
GOOG $677.65 -0.75%
TSLA $147.00 -0.67%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

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