NEW YORK ( TheStreet) -- The markets were mixed Friday as tech continued to show weakness. The Dow Jones Industrial Average added 49.04, or 0.41%, to 11,871.84. The S&P 500 gained 3.09, or 0.24%, to 1,283.35. The Nasdaq fell 14.75, or 0.55%, to 2,689.54. Joe Terranova said on CNBC's "Fast Money" TV show that it was disconcerting to see the loss of leadership from Apple ( APPL) and Google ( GOOG) late in the day. 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
Steve Grasso said a lot of traders were lightening up on winners before "the unknown comes." He said the market hasn't cracked yet.' Tim Seymour said the market definitely shows signs of rotation as investors move into cash. Brian Kelly said a lot of people got hurt by this week's market action. In the aftermath of Google's big shakeup, Melissa Lee, the moderator of the show, noted its former CEO Eric Schmidt, on the same day of the shakeup announcement, had filed with the SEC plans to sell 534,000 shares of stock worth an estimated $335 million. Lee wondered whether investors should be following Schmidt out the door. Grasso didn't care what the reasons were for the sale of the stock, saying it was a clear signal to investors to shy away from the stock. Seymour said Google stock appears to be stuck in neutral. Kelly said investors are wondering whether it is going to be the same company with founder Larry Page as CEO. And Terranova said the price action of Google indicates the momentum is pointing down. General Electric ( GE) was a bright spot, lifting the industrial space with its strong earnings, Seymour said he was fired up by GE's order book, which he noted had grown another 3% to $175 billion. He said GE has become a major player in energy infrastructure around the globe. Terranova said he sees the stock breaking above $20. Lee noted that Marvin Schwartz, managing director of Neuberger Berman, had said on "The Strategy Session" that he was bullish on Anadarko ( APC) and thought it was a takeover target. Kelly said he could understanding the reasoning behind the pick but he said he would rather be in the oil services space.