NEW YORK (

TheStreet

) -- The markets rallied Friday, continuing an impressive run so far for the month.

The

Dow Jones Industrial Average

gained 73.11, or 0.59%, to 12,391.25. The

S&P 500

added 2.58, or 0.19%, to 1,343.01, and the

Nasdaq

was up 2.37, or 0.08%, to 2,833.95.

GuyJ Adami said on

CNBC

's "Fast Money" show that the market continues to move higher as it shrugs off bad news. He said he would stay with the stocks that continue to work such as

IBM

(IBM) - Get Report

and

Brocade

(BRCD)

.

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

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Joe Terranova said the Nasdaq, which is closing in on a 10-year high, was up despite a down day for

Apple

(AAPL) - Get Report

.

Tim Seymour said that even some old tech names like

Intel

(INTC) - Get Report

and

Seagate

(STX) - Get Report

were working. He said Intel's CEO Paul Otellini had said that PCs are not dead. Adami, though, mentioned $22 as a resistance level for Intel.

Jon Najarian said the decline in Apple stock had to do with the uncertainty over the release date of its new iPhones and iPads.

Seymour said

Freeport McMoran

(FCX) - Get Report

also has been on the decline. He said he would stay short on FCX and wait until $48.25 to take a nibble. Brian Kelly said he would shift from copper into silver to make money.

Shifting to auto sales and a report that China auto sales were up 19% in January, Seymour said that kind of growth will benefit

General Motors

(GM) - Get Report

and

Ford

(F) - Get Report

, which are working on joint ventures in China.

Najarian said it should also help auto parts and suppliers like

Lear

(LEA) - Get Report

and

Johnson Controls

(JCI) - Get Report

.

Doug Kass, a RealMoney Silver contributor at

RealMoney.com

, came on the show a day after Kelly argued that a wave of defaults in state and muni bonds isn't in the cards.

Kass took the other side. He said investors are underestimating the enormity and severity of the state and local imbalances that he believes are producing a toxic cocktail of elevated unemployment and higher marginal tax rates while jeopardizing an uneven economic recovery.

He said the collective shortfall of state and local governments is $1 trillion. He said it rises to $3.5 trillion, when corporate accounting standards are applied.

As for a trade, he said he would short the dental stocks because their services are elective and postponable. Specifically, he would short

Henry Schein

(HSIC) - Get Report

and

Patterson Companies

(PDCO) - Get Report

.

In the Tweet the Street, Seymour defended his comments on Thursday's show about overvalued fertilizer stocks such as

Potash

(POT)

and

Mosaic

(MOX)

, which were down again today.

Seymour said the reality is that the upcoming G-20 meeting in Paris is going to deal with the hike in global food prices. He said food prices are going to have to come down, adding his belief that "there will be supply response."

Anthony Scaramucci came on the show to talk about three stocks with pricing power. His first pick was

Philip Morris International

(PM) - Get Report

, which benefits from being an addictive product and a market in which regulation bars new entrants.

The second pick,

Walter Energy

(WLT)

, produces metallurgical coal that is needed in the production of steel, which is in high demand. And the third pick was

Loral Space and Communications

(LORL) - Get Report

, which enjoys 70% market penetration, with 12 telecommuncations satellites in orbit and two more on the way.

He said all three have good manangement teams and strong business fundamentals.

In the final trades, Seymour liked

Petrobras

(PBR) - Get Report

. Adami liked

Silver Wheaton

(SLW)

, while Terranova liked

Baxter

(BAX) - Get Report

. Najarian liked

Pan American Silver

(PAAS) - Get Report

. Kelly liked

AMD

(AMD) - Get Report

--Written by David Tong in San Francisco.

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David Tong

.

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.

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.

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.

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