'Fast Money' Recap: Parsing the Jobs Report

The S&P 500 put in its best weekly gain in five years as Wall Street shook off a weaker-than-expected jobs report Friday. The Dow closed up 92 points and the Nasdaq finished up 23 points.

U.S. payrolls fell by 17,000 for January, which was the first loss in over four years. Tim Seymour of CNBC's "Fast Money" panel says that the payroll data suggest to him that the U.S. is heading into a recession, and that consumer spending will slow. Karen Finerman explained that the weak jobs report keeps her from being more bullish on the markets. Pete Najarian says the performance of the week goes to Ben Bernanke.

3 Stocks I Saw On TV

Yahoo!(YHOO Quote) exploded up 47% after Microsoft(MSFT Quote) bid $44.6 billion to take over the search giant. Macke says YHOO and MSFT are both buys off the news. Finerman mentioned that MSFT will probably bid higher for YHOO. Najarian says he oversold the calls and purchased YHOO stock on Friday. He says YHOO will trade between $28 and $31. Seymour says MSFT shareholders aren't happy with paying a 60% premium for YHOO. Najarian disclosed he bought MSFT on Friday because he feels the stock is cheap. Finerman explained that if an investor wants to own MSFT the cheaper way to do it is buy YHOO. ...