NEW YORK (TheStreet) -- The markets were higher on Monday, after analysts upgraded bellwether stocks Alcoa (AA) - Get Report and Intel (INTC) - Get Report, and President Obama's health care bill made new strides.
Dow Jones Industrial Average
increased 0.8% to 10,414.14, while the
added 1.1% to 1,114.05. The
gained 1.2% to 2,237.66.
Melissa Lee, moderator of "Fast Money" on
, started the discussion with the rally of
and the rest of the retail sector on the heels of the snow storm that blanketed most of the Northeast this weekend.
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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It was a great day across the board in retail, from the high-end names like
, to discounters like
, Karen Finerman said. The only stock she didn't see do well was
Family Dollar Store
Guy Adami picks
as his favorite retail name.
Online retailers saw sales surge 28% over the weekend, Lee said.
This is expected to have been a boost to Amazon, guest Internet analyst Mark Mahaney said. To value the stock, Mahaney said to look at the conversion of earnings into free cash flow, which is generally overlooked.
But be careful, "you don't want to trade in and out of the quarter," Mahaney said.
Tim Seymour says if you are a value investor, Amazon is a tough play. He would buy Target instead on its online sales momentum. "The stock looks like it is starting to break out today."
Joe Terranova said a better play on the snow storm is
. They sell holiday trinkets and since stores are local, consumers don't have to travel to shop.
"You would think
would also benefit" from the retail rally, Lee said. But FedEx was a letdown after it lowered fourth-quarter guidance last week.
Guest Carter Worth of Oppenheimer, said he would sell FedEx since its PE ratio is at one of its highest points ever.
But if you think the economy is improving, Seymour said FedEx is a good play.
is another name being highly talked about.
Guest Gene Munster, analyst at Piper Jaffray, said demand for Apple products are strong and the 5th Avenue store in New York City looks like a "locker room."
And there is still room to grow, since only 40% of people in the U.S. have a smart phone and just 18% globally.
Investors remain nervous, however, about the introduction of the new smart phone from
But Munster said Apple is in a great spot and there is a 70% chance Verizon will get the phone by the middle of next year.
The Apple Tablet is expected to launch in 2010, most likely in the first quarter, Munster said. At the end of next year, the device will make up 3% of Apple's revenue. "This is another upside not built into the Street's numbers."
One of the biggest news events of the day was the upgrade of Alcoa. As a result, the stock hit its highest level since October 2008.
Adami suggests taking some money off the table after the volumes seen today.
Other upgrades included
Adami says at this point investors are late to the Potash trade.
After Senate this weekend got closer to national health care, HMO names ended the day more than 4% higher, Lee said.
While names like
were good buys on negative rhetoric, "you don't want to be a part of the herd; want to buy before these things happen," Adami said.
"Now that you have some certainty, you step to the sidelines," Terranova said.
A better play on health care is in medical devices like
Take-Two Interactive Software
is moving sharply in aftermarket trading after it lowered its forecast for the current quarter. Adami says he thinks there is more to the selloff and there could be a buying opportunity tomorrow.
In final trades, Adami likes
, Terranova would be a buyer of
, Seymour liked Potash and Finerman is long
-- Written by Jeanine Poggi in New York
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