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) --The markets sold off Thursday on increasing concerns about the economy.


Dow Jones Industrial Average

dropped 144.33, or 1.39%, to 10,271.21. The

S&P 500

lost 18.53, or 1.69%, to 1,075.63, while the


fell 36.75, or 1.66%, to 2,178.95.

Guy Adami said on


's "Fast Money" show that


(DELL) - Get Dell Technologies Inc. Class C Report

was falling in afterhours trading despite beating revenue and earnings estimates. He said Dell missed on its gross and operating margins, adding he thought the stock was cheap.

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Tim Seymour felt Dell was executing well around the world. Joe Terranova said the company is searching for a catalyst.

For a breakout of some stocks from a recent "Fast Money" TV show,check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw onTV

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Melissa Lee, the moderator of the show, said


(HPQ) - Get HP Inc. Report

was declining in afterhours even it posted the numbers it said it would post in its preannouncement.

Adami questioned the premium


(INTC) - Get Intel Corporation Report

paid for


( MFE). "It doesn't make sense."

Terranova acknowledged the price was "a bit rich" but he said the deal will give Intel the opportunity to improve its gross margins and be in the data security industry. Brian Kelly said he liked the concept of the deal because it moves Intel out of the commodity business and allows it to differentiate its product.

Seymour said Intel made a tactical and strategically smart move because it takes them out of PCs and into mobile.

Adami said one could short Intel assuming its gross margins have peaked.

Shifting to the general market, which saw every sector down, Seymour said the dismal macro outlook could lead to revised GDP numbers. Terranova said it was disturbing to see positive corporate numbers failing to overcome the wave of bad economic numbers.

Peter Boockvar, an equity strategist for Miller Tabak, said the pain was limited to U.S. as stock indexes in Shanghai and India moved to new highs.

Boockvar said this dichotomy further strengthened his belief that the U.S. economy has decoupled from other parts of the globe. He said Asian nations will rely less on the U.S. and more trade among themselves for growth.

Lee said



(HPQ) - Get HP Inc. Report

conference call was going to begin after the show. But Jon Fortt,


correspondent said it was surprising to see the company downplaying former CEO Mark Hurd's contributions to the company. He said analysts and investors will be looking to see how the company has to say on cost controls and focus.

Moving to tomorrow's headlines, Brent Thill, UBS analyst, said he didn't think


(SYMC) - Get Symantec Corporation Report

would be next on the auction block because it would cost twice as much as McAfee. He said very few tech companies can afford the $12 billion to $15 billion price tag.

He said the greater likelihood would be for cash-rich tech companies to go after smaller hardware and networking companies that are "ripe for consolidation."

Is there a bond bubble? Dan Greenhaus, chief economic strategist for Miller Tabak, doesn't think so. He said the bubble theory doesn't square with the facts that there aren't inflation or supply problems.

"Simply asserting there is a bond bubble because of lower yields doesn't make for a convincing case, he said.

Germany's economy is heating up. Seymour said the Bundesbank revised the country's GDP to 3%. He said German exporters are doing well in Asia and the country is enjoying a domestic buildout. He said some observers are concerned about the possibilities of inflation.

Lee said


(F) - Get Ford Motor Company Report

has been down the last couple of days, lending to the theory that GM's IPO is drawing money away from other companies in the auto sector.

Terranova said that Ford is dipping down to its 200-day moving average and a point where investors should move in and pick shares of the company. Seymour said fragile consumers will hurt Ford's sales.

Shifting to tech, Gene Munster, an analyst with Piper Jaffray, said tech companies with loads of cash should be spending their cash on mobile and media. He said the TV advertising market is three times the size of the Internet ad market.

Lee brought in Ed Stack, CEO for

Dick's Sporting Goods

(DKS) - Get Dick's Sporting Goods Inc Report

, which has been outperforming the S&P.

Stack said sporting goods sales have been a little immune to the recession, adding its sales have been taking away market share away from its competitors.

In the final trades, Adami said he liked


(NTAP) - Get NetApp Inc. Report

. Kelly said to buy some puts because volatility is still low. Terranova said he liked

Marvell Technology

(MRVL) - Get Marvell Technology Inc. Report


-- Written by David Tong in San Francisco

To watch replays of Cramer's video segments, visit the Mad Money page onCNBC


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