NEW YORK ( TheStreet) -- The markets retreated Monday on concerns about eurozone contagion. The Dow Jones Industrial Average fell 39.51, or 0.36%, to 11, 052.49 and the S&P 500 lost 1.46, or 0.14%, to 1,187.76.35. The Nasdaq went down 9.36, or 0.37%, to 2,525.22. Joe Terranova said on CNBC's "Fast Money" TV show that oil, cloud computing and retail names performed well today. He said the only bugaboo was the systemic risk posed by the troublesome debt problems in Europe. Tim Seymour said the U.S. markets are turning out to be the best place to be, with China tightening and Europe wallowing in debt problems. 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
Terranova cited a string of possible strong reports this week to back up his belief that the U.S. economy is improving. They included the upcoming Institute of Supply Management report, auto sales and a Friday jobs report that could push the number of jobs created in November to above 180,000. Steve Weiss said he believed the U.S. market should have been up all day long from the strong retail results over the weekend. Terranova blamed the weakening euro on the lack of competitiveness in debt-ridden countries such as Ireland, Portugal and Greece. He said the only country in Europe that is growing is Germany. Melissa Lee, the moderator of the show, noted some confusing data that showed crude, copper and gold up despite a rise in the U.S. dollar. Brian Kelly said that the movement of gold is not always correlated with the dollar, while Seymour said he expects oil to stay higher as investors move from gold to crude. Pete Najarian said the financials held up pretty well throughout out the day and was largely responsible for generating momentum in the final stage of the trading session. In the retail space, Karen Finerman said she liked Saks ( SKS), Target ( TGT) and Wal-Mart ( WMT) for the holiday season. Kelly added Digital River ( DRIV) to the list.