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TheStreet Open House

'Fast Money' Recap: A Relief to Have Another Rally

Adami suggested that rallies in Aeropostale have generally presented better opportunities for investors to sell, rather than buy. 

Nik Ramen, co-founder and COO of, was a guest on the show. In the company's recent survey about the new Apple (AAPL) iPhone, he said customers are "overwhelmingly" looking for the stronger, scratch- and break-resistant sapphire glass. They also care about battery life over a larger screen. He expects Apple to have a large upgrade cycle. 

Adami said it feels like shares of Apple will continue to move higher. He suggested that investors who are not long, wait for a breakout over $101 before getting long. Najarian continues to see bullish options activity for Apple. 

Grasso said shares of GT Advanced Technologies (GTAT) could rally higher if shares of Apple continue to move higher as well. 

Najarian cited bullish options activity in shares of Steel Dynamics (STLD) , specifically in the November $22 call options. 

Adami said investors can stay long shares of Home Depot (HD) if it rallies following its earnings report, or buy more shares if it pulls back. 

Grasso said the downside in KB Home (KBH) seems limited to $16. He added that comparable sales should be easy to top in the upcoming quarter. 

Najarian said shares of Procter & Gamble (PG) could continue to move higher if the company spins off its underperforming brands and sticks with its best ones.

Read More: For Pepsi and Coke, Taste Test Is Over -- Here's Why

Scott Wingo, CEO and chairman for ChannelAdvisor (ECOM) , was a guest on the show. Based on the channel checks and information his company monitors, Amazon (AMZN) , Google (GOOGL) and eBay (EBAY) saw same-store sales for the month of July climb 40%, 40% and 10%, respectively. He attributed eBay's slump to the recent data breach. In regards to his company, he said it is focused on the long-term growth and recently reported record bookings. 

Shares of ChannelAdvisor have struggled in 2014, falling 62% on the year. 

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