The stock market pulled back off record highs Wednesday after Wall Street analysts forecast negative earnings growth in the first quarter for the S&P 500. The team at


"Fast Money" did a post-mortem on the market.

Tim Seymour of Red Star Asset Management wasn't in bull mode Wednesday. Instead, he sold some steel and aluminum stocks because he is concerned about inflation and retail sales numbers. Jeff Macke maintains that the bears had nothing today and they couldn't break any of the heavily shorted stocks.

Bad news from


(BA) - Get Boeing Company Report



(HON) - Get Honeywell International Inc. (HON) Report

helped the bears. The bad news for Boeing was the delayed delivery of the new 787 Dreamliners. Finerman wasn't surprised by the delay, and she isn't worried about it.


( DAI) was hit with bad news Wednesday. The United Auto Workers are striking at the car maker after the union failed to reach a tentative contract before a union-imposed deadline. Macke doesn't think the strike will impact the auto supply stocks. He favors

Johnson Controls

(JCI) - Get Johnson Controls International plc (JCI) Report


American Axle

(AXL) - Get American Axle & Manufacturing Holdings, Inc. Report

. Seymour recommends


(MGA) - Get Magna International Inc. Report


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Me Worried?

Dennis Gartman of

The Gartman Letter

joined the crew to discuss his thoughts on the commodities markets ahead of Bernanke's speech on Friday. Gartman's perception is that the

Federal Reserve

isn't concerned about inflation and will continue to cut rates. He would be a buyer on weakness in gold and sell short the U.S. dollar. He would accomplish this via the

streetTRACKS Gold Trust

(GLD) - Get SPDR Gold Trust Report


Even if the Fed isn't concerned about inflation, Seymour is. His fear is that the weak dollar will eventually cause inflation. Gartman says until the Treasury Department comes out and defends the dollar that it's a short sale. Lastly, he continues to be bullish on the metal and grain markets.

(Take a look at this gold portfolio on

Gold Miser Fund


Stent Trade

News broke Wednesday night that the FDA advisory panel is backing drug-coated stents made by


(MDT) - Get Medtronic Plc (MDT) Report



Mike Huckman joined the "Fast Money" crew to discuss the stent developments.

Huckman explained that the advisory panel will require Medtronic to do a huge post-market study that will involve 5,000 people for five years. While this is good news for Medtronic, it's not good for

Boston Scientific

(BSX) - Get Boston Scientific Corporation Report


Johnson & Johnson

(JNJ) - Get Johnson & Johnson (JNJ) Report


Huckman recommends investors look at side plays off this news with


(SRDX) - Get Surmodics Inc Report


Abbott Labs

(ABT) - Get Abbott Laboratories Report



(NVS) - Get Novartis AG Sponsored ADR Report



( WYE). Lawsuit risk keeps Najarian from being a fan of the stent market. He would rather be in diagnostics plays like

Myriad Genetics

(MYGN) - Get Myriad Genetics, Inc. Report


Medical device maker



TheStreet Recommends

saw huge options activity Wednesday in the October $85 and $90 calls. Najarian feels the $90 calls are cheaper and have more upside ahead.

(Check out this portfolio devoted to medical stocks on

Black Rock Health Sciences


Spin the Bottle

Cadbury Schweppes


announced plans to spin off its US beverage unit after falling to find a buyer of the division. Cadbury plans to list the new company on the NYSE. Finerman is skeptical on this but having said that, would buy Cadbury if it were a bit cheaper.

Stocks on the Move

The positive story of the day was the strength in the Nasdaq, and Chinese stocks. Najarian mentioned that


(GOOG) - Get Alphabet Inc. Class C Report

might be close to releasing a Gphone and in his opinion, the stock is heading to $700.


(COST) - Get Costco Wholesale Corporation Report

traded higher after reporting strong earnings and same-store sales. Macke thinks too many shorts are leaning against the retailers.


(GPS) - Get Gap, Inc. (GPS) Report

is a name to get long and he likes

Children's Place

(PLCE) - Get Children's Place, Inc. Report

for a trade.

Finerman expects numbers to be bad for retailers, but she doesn't believe the stocks will go down. She mentioned some big insider buying at

American Eagle

(AEO) - Get American Eagle Outfitters, Inc. Report

. Najarian suggests that the best trade in the retail space is


(KSS) - Get Kohl's Corporation (KSS) Report


Oil continues to trade higher, moving over $81 on Wednesday. Seymour says fundamentally nothing has changed for the oil names. He advises investors look at


(COP) - Get ConocoPhillips Report

. Finerman disagrees and comments that she has been selling some of the ConocoPhillips position in her hedge fund.

Printer Play?

Rumors are swirling around Wall Street that


(DELL) - Get Dell Technologies Inc Class C Report

might be in takeover talks with



. Najarian points out that the options activity in Lexmark is very active with buying in the October, November and January call options. He finds the November calls to be the most profitable.

Pops & Drops

Pops --


(NOK) - Get Nokia Oyj Sponsored ADR Report

traded up 1%. Najarian declares this stock is going to go higher.


(AKAM) - Get Akamai Technologies, Inc. Report

traded up 4% after being upgraded. Macke tells investors to look elsewhere.


(GOOG) - Get Alphabet Inc. Class C Report

traded up 2%. Seymour claims the beat goes on with Google.

Drops --


(AA) - Get Alcoa Corp. Report

fell 3% after earnings disappointed. Seymour says higher energy prices are hurting Alcoa.



fell 4% after lowering profit forecasts. Macke advises buying this stock under $30.


(TKC) - Get Turkcell Iletisim Hizmetleri A.S. Sponsored ADR Report

dropped 5%. Seymour remarks that Turkey's government is hurting business for this cellular play.


(IRBT) - Get iRobot Corporation Report

fell 8% after reporting a loss. Anything with a vacuum doesn't interest Finerman enough to get on board.

TempurPedic International

(TPX) - Get Tempur Sealy International Inc Report

fell 7% after bearish analyst comments. Macke wants investors to get out of the mattress business.

Final Trade

The crew gave their last and final trade for the show.

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