The stock market exploded higher Thursday as investors cheered President Bush's mortgage plan that could help bail out many subprime borrowers. The Dow finished up 174 points and the Nasdaq closed up 42 points. The team at CNBC's "Fast Money" reviewed critical levels in the market as well as the tech stocks and the global outlook.

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Pete Najarian explained that everything was working Thursday from the agriculture sector, financials, metals, energy and technology. The question now for Najarian is will this broad based rally continue? Jeff Macke thinks that now is the time to buy stocks after the S&P 500 broke key resistance at 1490. Macke explained that 1490 is now support and the market can trade higher as long as it stays above that ever important level.

Tech Time

Tim Seymour remarked that a lot of volatility has been taken out of the market and that is good for riskier assets. Guy Adami likes big-cap technology stocks like

Microsoft

(MSFT) - Get Report

and

Intel

(INTC) - Get Report

.

Tech Time

Apple

(AAPL) - Get Report

traded up 2.4% after rumors hit Wall Street that Apple will introduce a ultra portable laptop computer at Macworld next month. Also, Apple announced it will be releasing a 3G version of the iPhone in 2008. Najarian thinks the street is getting overly bullish on Apple and he sold some of his Apple options into strength Thursday.

Chip stocks like

Intel

and

Micron

(MU) - Get Report

continued to show strength for a second day in row. Macke and Adami think the best chip stock to play is Intel. Adami predicted that Intel will go to $30 or higher. Najarian recommended investors sell

Rambus

(RMBS) - Get Report

even after the S.E.C. closed an options backdating probe.

Emerging Markets Trade

Emerging market companies are aggressively competing for a share of the global growth pie. Tim Seymour, the resident "Fast Money" global growth expert gave viewers some of his best ideas for the emerging market trade. Seymour recommends

Posco

(PKX) - Get Report

,

Vimpel-Communications

(VIP)

,

China Aluminum

(ACH) - Get Report

,

Cemex

(CX) - Get Report

and

CVRD

(RIO) - Get Report

. Adami and Najarian favor

China Mobile

(CHL) - Get Report

over China Aluminum.

Coal in your Stocking?

Coal stocks like

Fording Canadian

(FDG)

and

Peabody Energy

(BTU) - Get Report

surge after Fording announces plans to look into selling the company. Najarian explained that coal is strong because it can be used to form steel and steam coal demand out of China is huge. Seymour said an interesting name is Russian steel firm

Mechel

(MTL) - Get Report

which is planning to spin off its coal mining business.

(Here's a look at a coal portfolio on Stockpickr.com

Coal Plays

.)

November Sales

Retail stocks like

Target

(TGT) - Get Report

fell after November sale-store sales missed the mark. Macke advises playing the best-of-breed retailers like

Costco

(COST) - Get Report

or weak plays like

Gap

(GPS) - Get Report

which have very low expectations. Najarian thinks the sell off on Target was overdone and he would look to bottom pick the stock now. Adami likes

MasterCard

(MA) - Get Report

for a retail consumer play. He explained that even though people are spending less, they are spending with a credit card which is bullish for MasterCard.

Solar Spots

Solar stocks had a mixed day Thursday with

Solarfun

(SOLF)

falling 4% and

Hoku Scientific

(HOKU)

exploding up 20%. Najarian explained that Hoku signed a deal to borrow $185 million from Merrill Lynch for setting up a polysilicon plant. His favorite name in the solar space is

Cypress Semiconductor

(CY) - Get Report

, but he mentioned he sold his position in the stock.

Happy 52-Week High

Tivo

(TIVO) - Get Report

Face2Face

Viewers write in with their own topics to be addressed.

Bill from Michigan wants to know, "With the housing crunch bottoming soon, is

Home Depot

(HD) - Get Report

at a bottom?" Macke doesn't agree that the housing crunch is bottoming soon and he isn't a fan of Home Depot. Jameson from Texas writes, "I know Tim Seymour loves global telecom plays, if he had to choose one and only one between

American Movil

(AMX) - Get Report

,

VimpelComm

(VIP)

and

China Mobile

(CHL) - Get Report

which would he choose?" Seymour went with China Mobile.

Pops & Drops

POPS-

Motorola

(MOT)

traded up 4% after the cell phone maker reaffirmed its fourth-quarter forecast and announced it's considering breaking up the company. Adami thinks it's a lottery ticket worth a look.

Tribune

(TRB)

traded up 8% after the newspaper company said it will reduce debt by $500 million. In Najarian's opinion, this is a good thing for Tribune.

Flowserve

(FLS) - Get Report

traded up 7% after the firm won a major pump order contract in Qatar. Adami likes the valuation on Flowserve, but he advised taking some profits on this move.

H.B. Fuller

(FUL) - Get Report

traded up 11% after Key Bank Capital Markets upgraded the stock to an aggressive buy. Najarian pointed out that the chemical sector had a great day on Thursday.

Fleetwood

(FLE)

exploded up 30% after the mobile home maker reported a narrowed second-quarter loss. Seymour remarked that it doesn't seem the consumer is slowing down.

Toll Brothers

(TOL) - Get Report

traded up 13% off the President's mortgage plan to help out the subprime borrower. Adami predicts the shorts will see another day of pain Friday.

Ryder

(R) - Get Report

traded up 8% off an upgrade from Morgan Keegan. Macke wouldn't bother with any truck or car rental firms.

Rambus

(RMBS) - Get Report

traded up 7% after the chip licensing company said the SEC has ended its informal stock options probe. Najarian counsels getting out on this pop.

Drops -

Family Dollar

fell 8% after the retailer said same-store sales went down 3.4%. Macke cautions viewers to walk away from retailers that miss same-store sales.

Zumiez

(ZUMZ) - Get Report

fell 14% after November sales fell short of Wall Street estimates. It's dead money for now and Macke feels you must give it time.

Final Trade

The team handed out their best trade ideas for the day.

  • Adami recommends Intel (INTC) - Get Report.
  • Seymour tells investors to buy Stillwater Mining (SWC) .
  • Najarian prefers buying Apple (AAPL) - Get Report.
  • Macke suggested the S&P 500 Index (SPY) - Get Report and stop out if the S&P falls below 1495.

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