'Fast Money' Recap: A Volatile Market

NEW YORK (TheStreet) -- The broader markets were up and down in a volatile trading session before ultimately closing flat on Wednesday. 

On CNBC's "Fast Money" TV show, Guy Adami, managing director of stockmonster.com, said Microsoft (MSFT) could continue higher but doesn't have a ton of growth potential. 

Brian Kelly, founder of Brian Kelly Capital, said the new management change should help with execution and would be a positive for Microsoft stock. 

Josh Brown, a financial adviser at Ritholtz Wealth Management, said Twitter (TWTR) does not trade based on traditional valuation and he suggested that investors wait for its first earnings report before making a decision on the stock. 

Adami said Twitter needs to trade down to the mid-$30s before it becomes compelling enough to buy. 

Tim Seymour, managing partner of Triogem Asset Management, said Hewlett-Packard (HPQ) is undervalued based on 2014 earnings and its free-cash flow generation. 

Kelly argued HP stock is up 100% year-to-date and has already priced in CEO Meg Whitman's five-year turnaround plan, making the stock overvalued. Brown concurred.

Kelly said Las Vegas Sands (LVS) is undervalued and could go higher based on growth in international and emerging markets. 

Jordan Rohan, senior analyst at Stifel Nicolaus, was a guest on the show. He said Facebook (FB) is likely to be one of the next candidates added to the S&P 500. The stock has formed a nice base in the mid-$40s and the SnapChap acquisition would remove investors' uncertainty.

Seymour likes Baidu (BIDU) and said it's favorably valued considering its growth. He suggested investors remain long the Chinese Internet sector. 

Adami stressed that Yahoo! (YHOO) is on its way to $40 per share and he's a buyer. 

Kelly said a deal with China Mobile Limited (CHL) and strong holiday iPad sales are reasons to own Apple (AAPL). 

Bahram Akradi, founder, chairman and CEO of Life Time Fitness (LTM), was a guest on the show who said 65% of revenue at his company come from membership fees. December and January are the strongest months for signups, and the push into new markets will expand growth. The stock is undervalued based on its assets and buyback program, he said.

Kelly said the stock is basing nicely around $40 and has a strong buyback program, making it a buy. 

Pandora (P) was the first stock on the show's "Pops & Drops" segment. Brown said it appears to have broken out and is likely to continue higher. 

J.C. Penney (JCP) fell 4% and Adami said it looks to be headed towards $8.50. 

Mosaic (MOS) jumped 3%. Kelly said he would rather buy Deere (DE). Seymour said Deere has support near $83 and he wouldn't chase today's 3% move higher. 

Adami said Tesla Motors (TSLA) seems to have completely lost its momentum and he prefers BorgWarner (BWA) or Delphi Automotive (DLPH) for his auto selections. 

Dennis Gartman, publisher of The Gartman Letter, was a guest on the show. He said he shorted more Treasury bonds and noted that 10-year yields could hit 4% next year but won't have an adverse affect on the housing market or equity markets. He concluded that as the economy improves, rates increase. 

Brown said that as long as the move higher in rates is gradual it will be good for stocks and could boost the banks' earnings by 11%. He suggested buying the Financial Select Sector SPDR ETF (XLF). 

Kelly said he would stay long WTI crude oil, either through the United States Oil ETF (USO) or Ensco (ESV). 

Seymour said he would buy the U.S. dollar, Canadian dollar and Australian dollar. He thinks the yen should continue to weaken.

Adami said AutoNation (AN) is a buy near $50. 

Kelly likes Australia -- because of its recent economic policy changes, he suggested that for every 1,000 shares of the iShares MSCI Australia ETF (EWA) that investors buy, they should also sell 240 shares of the CurrencyShares Australian Dollar Trust ETF (FXA). 

Seymour is a buyer of Rio Tinto (RIO). 

Brown suggested buying Chinese equities, which should go higher from an expansion of the earnings multiple rather than outright growth. 

Adami said Aetna (AET) is likely to trade back down to $60. 

Kelly said he's buying Cliffs Natural Resources (CLF), with support near $25. 

Seymour said he's buying China Mobile because of its positive catalysts and 4.2% dividend yield. 

Brown said he is not a buyer of GoGo (GOGO). 

For their final trades, Seymour said to buy CHL and Kelly is buying ESV. Adami likes FB on the long side and Brown is buying Bank of America (BAC). 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow TheStreet.com on Twitter and become a fan on Facebook.

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.

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