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: Are Investors Finally Fed Up With Amazon?

NEW YORK (TheStreet) -- The S&P 500 slid 0.48% on Friday, ending the week unchanged. 

On CNBC's "Fast Money" TV show, the trading panel took a look at Amazon's (AMZN) earnings, which caused the stock to decline by 10%. 

Pete Najarian, co-founder of optionmonster.com and trademonster.com, said investors are getting fed up with the continued losses and ballooning expenses at Amazon. He is not currently looking for the stock to bounce. 

Tim Seymour, managing partner of Triogem Asset Management, reasoned that investors are tired of seeing revenue growth come at the expense of profits. It's simply not worth this type of valuation, he argued.

Brian Kelly, founder of Brian Kelly Capital, said if the stock fails to hold $280 don't get long, he cautioned. 

Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said last year was "the tell" for Amazon investors when the company failed to grow its full-year revenue by more than 20%. Look to buy the stock around $280, he suggested.

Seymour said the U.S. is likely to hit Russia with more sanctions "sometime early next week." He is a seller of German equities via the iShares MSCI Germany ETF (EWG).

Kelly agreed with Seymour in regards to Russian sanctions, saying investors can play the scenario by getting long Brent crude oil and Stillwater Mining (SWC)

Brown disagreed, saying the U.S. government "doesn't follow through" and for that reason he is a buyer of select Russian equities such as Gazprom (GZPFY) and Sberbank (SBRCY)

Instead of buying or selling foreign equities, Najarian said investors could buy the airline and energy sectors on weakness caused by geopolitical events.

Brown said El Pollo Loco (LOCO) has a "great story" and is a cheaper stock than Chipotle Mexican Grill (CMG) given its faster growth. 

Najarian pointed out bullish options activity in shares of Estee Lauder (EL). Specifically, he referred to the August $80 call options.

1 of 2

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 $122.37 0.00%
FB $94.75 -0.48%
GOOG $632.59 0.00%
TSLA $267.90 0.42%
YHOO $37.42 0.00%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs