3 Stocks I Saw on TV
NEW YORK ( TheStreet) -- The markets finished the week on a positive note despite a disappointing jobs report. The Dow Jones Industrial Average added 19.68, or 0.17%, to 11, 382.09 while the S&P 500 rose 3.18, or 0.26%, to 1,224.71. The Nasdaq climbed 12.11, olr 0.47%, to 2,591.46. Guy Adami said on CNBC's "Fast Money" TV show that it was a good day for the market considering the poor jobs report. He said the market hung in there despite every opportunity for a sell-off. For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Brian Kelly commented on the weakness of the bond market, which he said indicated the markets ignored the report. Karen Finerman downplayed the jobs report, saying it was only one piece of data. As for specific trades, Kelly said he remained long ProShares UltraShort 20+ Year Treasury ETF ( TBT - Get Report). Adami said Netflix ( NFLX), down more than 4% today, continues on the decline. He also said some retailers are starting to show their hand and recommended taking profits in Abercrombie & Fitch ( ANF). Tim Seymour noted the strong market action in the emerging markets this week, with Russia "going through the roof" and Brazil "lagging." Melissa Lee, the moderator of the show, asked the panel for suggestions on plays on the metals, copper and gold. Kelly said he was following a stock replacement strategy. For example, he said he took profits on Market Vectors Junior Gold Miners ETF ( GDXJ - Get Report) and bought calls in GDXJ. Adami said silver continues to do well, especially Silver Wheaton ( SLW). Patty Edwards said she was holding onto platinum and adding to it. In the trucking trade, Finerman returned to a trade that has worked over the past month. In early November, she touted the trucking industry on some good data for an industry that has rebounded. She said trucking stocks rebounded again today after some phenomenal data on Wednesday on run rates for truck orders. Her firm owns ArvinMeritor ( ARM). Kate Kelly, CNBC reporter, commented on the latest buzz among hedge fund managers: segregated risk funds. Anthony Scaramucci said these funds are essentially betting on a doomsday strategy.
He said he personally doesn't like them. He said hedge fund managers would be better off coming up with their best long and short ideas. In the trading the globe segment, David Riedel, of Riedel Research Group, said investors in Chinese equities should heed the warning signs of inflation in China. He said consumer worries about inflation in China are at the highest levels since the beginning of 2008. He said the Chinese government has few tools to handle the situation except for the use of blunt instruments. According to Reidel, inflation is approaching 5%, far above the government's target. He said two groups that will be affected by inflation are energy makers and banks. He said investors who own iShares FTSE/Xinhua China 25 Index ( FXI) should be worried because 45% of the portfolio is energy-related. He advised shorting the FXI and banks and going long Hong Kong properties and durable goods companies. In the final trades, Edwards said she liked Nordstrom ( JWN - Get Report) if the "price is right." Seymour said to stick with Trina Solar ( TSL). Adami liked Roper Industries ( ROP - Get Report) Finerman liked Omnicare ( OCR). Kelly liked Andersons ( ANDE - Get Report) . --Written by David Tong in San Francisco. To contact the writer of this article, click here: David Tong. To follow the writer on Twitter, go to http://twitter.com/davidtong. To submit a news tip, send an email to: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Follow TheStreet.com on
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