3 Stocks I Saw on TV
NEW YORK ( TheStreet) -- The markets were mixed Tuesday in a choppy trading session. The Dow Jones Industrial Average fell 16.88, or 0.15%, to 11,416.30. The S&P 500 added 0.65, or 0.05%, to 1195.54. The Nasdaq rose 16.98, or 0.66%, to 2583.03. Tim Seymour said on CNBC's "Fast Money" TV show it was hard for him to believe that Europe's bailout plans hinged on the vote of a small country like Slovakia. He said he believes Slovakia will eventually approve the plan but found the entire situation "absurd." Karen Finerman also felt the Slovakian vote was a non-event and was impressed with the lack of movement in the markets. She said the markets "didn't give anything back." For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
She said she was going to take a little off the table but acknowledged that she might be on the wrong side of the trade if the markets were to break out to the upside. Guy Adami said the market could be setting up for an interesting "outside month" if the S&P miraculously were to close above 1299 this month. Joe Terranova also said overall performance of the market was good. "Hanging in there was enough today." Tim Seymour said the markets will benefit from some good news in China in its attempts to deal with its battered banks and a forecast for a "soft" 8% growth rate next year. Peter Boockvar, equity strategist for Miller Tabak, said he expects Slovakia to approve the plans the second time around after some horse trading among the political parties. Does the current rally have legs? Jeff Saut, chief investment strategist for Raymond James, thinks so. He said the market hit a bottom last Tuesday. He agreed with Finerman that the country is not going into a recession. Sault said he would be listening to what companies have to say in their guidance during the earnings season. He told the panel that he sees the S&P breaking above 1230