This Day On The Street
Continue to site
ADVERTISEMENT
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: 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.

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
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
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
SYM TRADE IT LAST %CHG
AAPL $112.92 2.94%
FB $89.73 2.91%
GOOG $637.61 1.43%
TSLA $242.75 8.00%
YHOO $33.68 3.60%

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs