NEW YORK ( TheStreet) -- The markets were up slightly Monday on light volume . The Dow Jones Industrial Average rose 18.24, or 0.79%, to 10,216.27, while the S&P 500 added 0.79, or 0.07%, to 1,078.75. The Nasdaq added 1.91, or 0.09%, to 2,198.36. Tim Seymour said on CNBC's "Fast Money" TV show that Alcoa's ( AA) outlook off a strong earnings report, was encouraging with an forecast for a 10% to 12% increase in the demand for aluminum. "These guys told us everything they wanted to." Melissa Lee, the moderator of the show, said the bar was set low for Alcoa going into its earnings report. 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
Joe Terranova expressed doubts about the longer-term story of Alcoa and its pricing power going forward. Karen Finerman said the key this week for her is whether some of the major financials like Bank of America ( BAC), Citigroup ( C) and JPMoragan Chase ( JPM) can beat low expectations. Seymour countered, saying he believes the bar has been set high for earnings expectations and low for outlooks. Dennis Gartman said Alcoa's CFO said in a conference call that the company produced some pretty strong numbers, including free cash flow, and a "fairly clean quarter." He said the only hitch might be weak aluminum prices. Gartman said the company reported a loss of 37,000 jobs, an improvement in every area of business and an agreement reached with the steelworkers union. Seymour said Alcoa's success might not translate into a lift for the entire market, while Brian Kelly said a better bet might be in oil. Lee also noted that CSX ( CSX), another important market indicator, was trading slightly higher today. Kelly said he wanted to heard what the company is going say in Tuesday's conference call. Seymour said he was impressed with CSX's revenues, which were up 22% for the quarter. Terranova said the rail stocks are improving, showing better margins, pricing power and volumes. Shifting to tech, which saw Microsoft ( MSFT) move higher on some bullish analyst comments, Finerman said the tech behemoth is a kind of big-cap value stock that hasn't been trading well. Seymour said Microsoft's chart needs to "bust" through the 20-day moving average convincingly.