NEW YORK (

TheStreet

) -- The markets rallied Thursday on another day of surprising events in Europe.

The

Dow Jones Industrial Average

jumped 208.43, or 1.76%, to 12,044.47. The

S&P 500

added 23.25, or 1.88%, to 1261.15. The

Nasdaq

soared 57.99, or 2.20%, to 2697.97.

Tim Seymour said on

CNBC

's "Fast Money" TV show that the markets were hostage to the confusing turn of events coming out of Greece. He said there was also some good U.S. economic data from the U.S.

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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Anthony Scaramucci said that although the valuation in stocks is the best in 15 years, the market is responding only to macro events.

Joe Terranova said it was "crunch time." He said it was time to be in the market, making some trades. He said he liked stocks such as

Caterpillar

(CAT) - Get Report

,

Joy Global

( JOYG), and

McDermott International

(MDR) - Get Report

.

Mike Khouw said he was seeing a lot of bullish bets in the options markets in such names as Caterpillar,

Chesapeake

(CHK) - Get Report

and even

Netflix

(NFLX) - Get Report

.

Melissa Lee, the moderator of the show, noted that Carl Icahn had upped his stake in

Navistar

(NAV) - Get Report

to 9.9% from 9.8%. Finerman said she liked the truck space but expressed her disappointment over how Icahn handled his activist move against

Clorox

(CLX) - Get Report

. Stephen Weiss said he thought a better pick in the truck space would be

Cummins

(CMI) - Get Report

.

Lee shifted to

Jefferies Group

(JEF) - Get Report

whose stock fell as much as 20% over its exposure to European sovereign debt.

Jefferies came out and said it had no meaning exposure to European debt. Gary Kaminsky said he did not think Jefferies will make a move to raise capital, adding the company was conducting its "business as usual."

Jeffery Harte, of Sandler O'Neill & Partners, said he didn't see any problems with Jefferies' balance sheet. He said its gross leverage of 13 to 1 was similar to its peers. He said the stock is still not cheap.

Lee noted that

Linkedin

(LNKD)

shares were dropping after it announced plans to sell $100 million worth of stock after disappointing earnings. Seymour expressed concerns for the investors in the lockup period. Scaramucci said the stock is overvalued and was flipped after investors played it for the IPO premium.

Moving on the Groupon IPO on Friday,

CNBC

reporter Kayla Tausche said the IPO could be priced as high as $22 on a small float of about 5% of the company's outstanding shares.

Anupam Palit, of Greencrest Capital, said he was more comfortable with a pricing at $18 share. He felt the stock would be overvalued at $21 and above. He said the company is moving closer to profitability and revenue growth has returned. However, he said the big question is whether the company can grow at a sustainable rate while spending less for sales and marketing.

Lee noted that

Starbucks

(SBUX) - Get Report

was up in afterhours trading after a strong earnings report.

Terranova said Starbucks was doing all the right things, including comparable same-store sales growth, raising its dividend, buying back shares.

With all the market uncertainty, Dan Dicker, a senior contributor for

TheStreet

, is buying gold, specifically the

SPDR Gold Trust

(GLD) - Get Report

.

He blamed his move on the "impossible" situation in Europe. "I'm scared and looking for safety." He admitted he wasn't good at trading gold and that it was probably now a time to sell.

From the volatility playbook, Tim Biggam, a strategist for Trading Block Options, said the market is looking for a more definitive outcome in the European debt crisis. He said the VIX will remain range bound for the next two months between 32 and 25.

Is it time to sell

HP

(HP) - Get Report

? Vitaliy Katsenelson, chief investment officer for the Investment Management Association, said that contrary to the image of HP being a hated company with a broken board, he finds the company attractive. He said the company dominates every business it competes in and has hired a new CEO who just has to make its employees feel comfortable and not do anything dumb with its cash flow.

In the final moves, Seymour liked

Walter Energy

(WLT)

. Scaramucci liked

Disney

(DIS) - Get Report

. Finerman and Terranova liked

HP

(HP) - Get Report

.

--

Written by David Tong in San Francisco.

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

David Tong

.

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.

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.

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