'Fast Money' Recap: The Economy and the Internet

NEW YORK (TheStreet) -- The S&P 500 closed near session lows and the trading panel discussed the global economy. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said Chinese Internet stocks have been doing well because of mobile monetization. Specifically, he said Baidu (BIDU) has a reasonable valuation. 

Dan Nathan, co-founder and editor of riskreversal.com, said the Internet plays are doing well but are not carrying the Chinese economy by any means. He pointed out the Shanghai composite index is still negative on the year. 

Guy Adami, managing director of stockmonster.com, suggested that investors take profits in Yahoo! (YHOO), after it closed above $40, driven mainly by its exposure to Alibaba. He said there is maybe $3 to $4 of upside, while the downside could put the stock in the low $30s. 

Karen Finerman, president of Metropolitan Capital Advisers, said dry bulk shippers such as Navios Maritime Holdings (NM) and Navios Maritime Acquisition Corp. (NNA) will continue to outperform so long as global growth continues to improve. 

Nathan suggested a deal between China Mobile Limited (CHL) and Apple (AAPL) might be priced into APPL shares already and could be making less of an impact than investors think. 

Seymour disagreed, saying most of AAPL's recent move was attributed to it being undervalued. He thinks CHL will be important to AAPL's bottom line in 2014. 

David Gerstenhaber, president of Argonaut Capital Management, was a guest on the show who said shares of AAPL are undervalued and should benefit from exposure to China. He likes Japanese equities more than U.S. equities in 2014 and thinks Delta Air Lines (DAL) should continue to do well. He concluded that the biggest risk to equities was a tapering of asset purchases by the Federal Reserve. 

MasterCard (MA) announced a 10:1 stock split, an 83% increase to its current dividend and a $3.5 billion share buyback program. Finerman complimented the company's margins and said she still likes the stock despite its stretched valuation. 

Twitter (TWTR) made new highs on Tuesday, but Nathan suggested investors will likely get a chance to buy shares at $45 or possibly even $40. 

Seymour said TWTR is a great company but said he would not be a buyer because it is very overvalued. Adami agreed that he would not be a buyer. 

Steve West, the analyst at ITG Investment Research whoss comments pushed shares of Starbucks (SBUX) lower on Tuesday, was a guest on the show. He said customers are spending less and visiting less frequently at Starbucks stores than they have in the past. He added the slowdown was similar to what has been seen at Whole Foods Market (WFM), Panera Bread Company (PNRA) and Chipotle Mexican Grill (CMG). However, he was very positive on Starbucks over the long term. 

Adami said that even though revenue might be slowing, improved operating margins should compensate. He suggested investors buy the stock if it hits $75.

Tom Werner, chairman, president and CEO of SunPower (SPWR), was a guest on the show and said costs for solar continue to drop while its popularity continues to increase. He added that customer relationships are dramatically improving and there are tons of opportunities in international markets.

Seymour called SPWR one of the best in its industry and said the valuation was decent. He added that its heavy exposure to Japan is good.

Outerwall (OUTR) was the first stock on the show's "Pops & Drops" segment. Nathan said he is not a buyer of the stock near all-time highs. 

Nokia (NOK) fell 1% and Seymour suggested investors could stay long the stock. 

CVS Caremark (CVS) jumped 2% and Finerman said the new deal with Cardinal Health (CAH) is one of many positives at the company. 

Facebook (FB) popped 3% and Adami said the stock seems likely to trade up to $55. 

General Motors (GM) announced Mary Barra will be its next CEO. Finerman said she liked the selection and expects a seamless transition. 

Earl Hesterberg, CEO and president of Group 1 Automotive (GPI), was a guest on the show who said GM made the best pick because Barra had one of the most important jobs at the company. He added that GM has been coming back strong with its new vehicles, particularly its truck line. He concluded that higher interest rates would not affect car demand. 

Adami said a better-than-expected jobs reports may force the Fed to taper sooner than most investors have considered. 

For their final trades, Nathan is buying GM and Finerman suggested selling Hertz Global Holdings (HTZ) above $25. Adami is a buyer of SPWR and Seymour suggested buying NOK with a 10% stop-loss near $7.40.

-- 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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