NEW YORK (

TheStreet

) -- The markets rallied Thursday on a key eurozone vote and some good news on initial jobless claims.

The

Dow Jones Industrial Average

jumped 143.08, or 1.30%, to 11,153.98. The

S&P 500

added 9.34, or 0.81%, to 1160.40. The

Nasdaq

fell 10.82, or 0.43%, to 2480.76.

Pete Najarian said on

CNBC

's "Fast Money" TV show that high-end retail names like

Tiffany

(TIF) - Get Tiffany & Co. Report

and

Coach

(COH)

got crushed on concerns over a slowdown in China's economy.

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 on TV

var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1189445264001; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);

Joe Terranova said the trade now is to sell first and raise cash. He said he was adopting this approach in consumer discretionary and tech names.

Karen Finerman said she was hanging onto

Macy's

(M) - Get Macy's Inc Report

and BMW.

Pete Najarian said there was unusually heavy activity in the

ProShares Ultra Short S&T 500 ETF

(SDS) - Get ProShares UltraShort S&P500 Report

from investors who were betting on a pullback.

Options trader Mike Khouw said with elevated volatility, the options markets are anticipating a high correlation of stocks that rise and fall together. He said the broader macro growth picture has made investors skittish.

Terranova said the risk-on trade could come back on next week if there is a hint of positive news from the US ISM and jobless reports.

Melissa Lee, the moderator of the show, said it was a painful day for high momentum tech names, especially

Netflix

(NFLX) - Get Netflix, Inc. (NFLX) Report

, which was down 11.28% today and nearly 50% for September. Adami said it will be a difficult road for Netflix because it is a broken stock. Khouw said options traders have been leaning heavily on the short side of the stock.

Shifting to chip sector and the decline in

AMD

(AMD) - Get Advanced Micro Devices, Inc. Report

, Romit Shah, an analyst with Nomura Securities, said the company's manufacturing and supply constraints are not going to go away soon. He also said it faces a tough competitor in

Intel

(INTC) - Get Intel Corporation (INTC) Report

and a struggling PC market.

The analyst said he was concerned with Intel in the short run and stressed the need for the chipmaker to get into smartphones.

For a global perspective of the markets, Jeff Palma, head of global equity strategy for UBS, said he was cautious about the global economy because the problems in Europe are far from resolved and macro-growth concerns are surfacing in the rest of the world.

He said it is necessary for investors to be selective in their investments. He said the good news is that China and the emerging markets could provide a pop to the markets because they can use monetary and fiscal policies to stimulate their economies.

Lee asked the panel to provide their picks for the fourth quarter. Pete Najarian said he would nibble at

Freeport McMoran

(FCX) - Get Freeport-McMoRan, Inc. (FCX) Report

and

Walter Energy

(WLT)

. Finerman said she was going to be more U.S. focused on value plays in the consumer discretionary stocks such as

Target

(TGT) - Get Target Corporation Report

. Adami said biotech and health care names deserved a look.

TheStreet Recommends

Terranova said he had just got in

Morgan Stanley

(MS) - Get Morgan Stanley (MS) Report

,

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

and

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

. Khouw said he liked the industrial space, including names such as

Joy Global

(JOYG)

and

Caterpillar

(CAT) - Get Caterpillar Inc. Report

.

From the volatility playbook, Jon Najarian said Chinese stocks such as

Baidu

(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report

were getting hit hard because of a report that the Justice Department was looking into accounting irregularities in a number of Chinese companies. The decline even affected U.S. stocks like

Wynn Resorts

(WYNN) - Get Wynn Resorts, Limited (WYNN) Report

with exposure to China.

Is the sun setting on solar? Lee brought in Kevin Smith, CEO of Solarreserve, whose company is waiting word from the Department of Energy on a $737 million loan guarantee.

Smith acknowledged the solar energy is going through a trying time because of the Solyndra scandal. He said the loan guarantee his company is seeking is for the construction of a solar thermal plant in Nevada that will employ 4,300 workers. In addition, the company has a 25-year contract to sell 100% of the electricity from the plant.

As a result of the Solyndra scandal and difficult political environment, the company is looking overseas for future projects, he said.

Gold continued its decline today. James West, CEO of Midas Letter Portfolio Advisors, said gold has declined 10% during a two-week window.

Over the past decade, gold has rebounded from corrections to establish new highs, he said.

West said the dips in physical gold represent buying opportunities and an excellent time for him to bargain for gold mining properties.

In the final moves, Terranova liked

ProShares Ultra Short 20+ Year US Treasury

(TBT) - Get ProShares UltraShort 20+ Year Treasury Report

. Adami liked

Helmerich & Payne

(HP) - Get Helmerich & Payne, Inc. (HP) Report

. Finerman liked

CareFusion

(CFN)

. And Terranova liked

KinRoss

(KGC) - Get Kinross Gold Corporation Report

.

--

Written by David Tong in San Francisco.

>To contact the writer of this article, click here:

David Tong

.

To submit a news tip, send an email to:

tips@thestreet.com

.

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

.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.