'Fast Money' Recap: The Markets Roar Back

NEW YORK (TheStreet) -- The Dow Jones Industrial Average closed at an all-time high as the markets roared higher once again. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said Google (GOOG) is his top technology pick. 

Jon Najarian, co-founder of optionmonster.com and trademonster.com, said if China starts to do well, then Sina (SINA), Qihoo 360 Technology (QIHU) and the iShares China Large-Cap ETF (FXI) should all do very well.

Karen Finerman, president of Metropolitan Capital Advisors, said that not all stocks are going up and down in unison. She added that many stocks are now trading based on the fundamentals. 

Dan Nathan, co-founder and editor of riskreversal.com, agreed with Finerman, pointing out the weakness in big tech names like International Business Machine (IBM) and Cisco Systems (CSCO). 

He also said investors shouldn't buy Micron (MU) until it pulls back. Najarian concurred, adding that he wouldn't short the stock. 

Najarian said Apple (AAPL) should break out of its trading range and could hit $560 by year's end. He added that it should report a great quarter in January. 

Nathan said Apple could get a deal done with China Mobile Limited (CHL) by mid-December. 

Pandora (P) fell after reporting earnings and Nathan said to buy it the mid-$20s. 

Mary Epner, a retail analysis principal, was a guest on the show and said she liked Ross Stores, (ROST), despite its earnings report. She said the luxury market and discount stores are still doing well, while middle-priced markets aren't faring as well. She said companies like Polo Ralph Lauren (RL) and Michael Kors (KORS) should continue to do well. Epner stressed that jewelry, accessories, shoes and athletic apparel should do well. 

Finerman said her top picks in retail continue to be Macy's (M) and Foot Locker (FL). 

Najarian said he likes Burlington Stores (BURL) and TJX Companies (TJX). 

Nathan warned investors about the number of retailers near 52-week highs, and noted that many have sold off since, such as GameStop (GME) and Best Buy (BBY).  

The Financial Select Sector SPDR ETF (XLF) is finally breaking out above resistance, Nathan said. He suggested the ETF could go above $24 and said it should trend higher into 2014. 

Finerman said she likes J.P. Morgan (JPM) and Bank of America (BAC), while Citigroup (C) was her top pick. 

Seymour said BAC could get to $19. 

Nathan said he's short the SPDR Gold Trust ETF (GLD) and is looking for it to hit $115, where it will likely find support. 

General Motors (GM) was the first stock on the show's "Pops & Drops" segment and Finerman said the U.S. Treasury department is almost completely out of the stock. 

Yum Brands (YUM) popped 4%. Seymour said he would be cautious, because there always seems to be unappealing Chinese data that hurts the stock. 

GoGo (GOGO) jumped 7% and Nathan said the huge short interest can easily cause a short-squeeze higher whenever there is good news. 

GameStop (GME) fell 7% and Najarian said the time to buy the stock was three or four months ago, not now. 

The Fresh Market (TFM) missed on the top and bottom lines and Nathan said the industry seems expensive because competition continues to increase. 

Finerman said she does not like to buy ahead of big events, such as Lions Gate Entertainment's (LGF) Hunger Games: Catching Fire debut. Instead, she called it a "buy-the-rumor, sell-the-news" type of event. 

Nathan said he would be a buyer of F5 Networks (FFIV) near $70. 

Seymour said U.S. Steel (X) could continue to go higher and he would stay long. 

Nathan said 3D Systems (DDD) has a high short interest and a ridiculous valuation, but investors could probably buy below $50.

For their final trades, Najarian is buying Dollar General (DG) and Seymour suggested investors trim long positions in Cliffs Natural Resources (CLF) and Walter Energy (WLT). Finerman is a buyer of FL and Nathan said to short IBM via long put options.

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.