'Fast Money' Recap: Twitter Gets Attention

NEW YORK (TheStreet) -- Twitter (TWTR) has been drawing attention by moving closer to $60 a share, but some other big tech names have also been moving higher.

On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said: "Well, Twitter's great but when you look at long-term investing you've got to say, what company are people going to need five years, 10 years from now? And so for me, when I look at the Nasdaq, I look at names that have underperformed. So one of the ones I was looking at today is Cisco (CSCO), down near $20." Calling Cisco "the railroad of the Internet," Kelly said he thinks this is the time to buy it.

Stuart Frankel's Steve Grasso he's "long on Hewlett-Packard (HP). It's had an incredible move. It's up over 85% year to date." He added that it is not just a traditional PC company but is also a 3-D printing company.

Guy Adami, managing director of stockMONSTER.com and head of Advantage Point, said: "I think the landscape still sets up very well for Micron (MU). I think the stock goes higher from here."

Tim Seymour, managing partner of Triogem Asset Management and founder of EmergingMoney.com, said: "Qualcomm (QCOM) was in the news today because they replaced their CEO. A lot of people think this is very good news." But because of the company's dependence on royalties from handsets, Seymour said he would proceed cautiously on Qualcomm.

Both Sprint (S) and T-Mobile (TMUS) surged Friday on a news report from Dow Jones Newswires that Sprint was working toward a bid for T-Mobile. Sprint had no comment on the report, but the panel members certainly did.

Grasso said, "I'm long Sprint and I got long T-Mobile on that news today." He added that both companies have coverage gaps they need to address if they want to compete with AT&T (T) and Verizon (VZ). He doesn't see an antitrust problem because combined the companies would still be smaller than AT&T and Verizon.

Adami thinks the play is AT&T, which just raised its dividend modestly.

Noting that the discussion was all speculation, Grasso said Dish Network (DISH) could make the situation interesting if it decided to get into a bidding war for T-Mobile.

And Seymour said he likes Vodafone (VOD). "This is in my portfolio," he said, "and this is one that stays there for a while."

Scot Wingo, co-founder and CEO of ChannelAdvisor (ECOM), spoke with the panel about online retail sales. Shares of his company are up 170% since its IPO this year.

"What we do is help retailers manage the acquisition of traffic from search engines, like Google (GOOG), Bing (MSFT), Yahoo! (YHOO), comparison shopping engines and also marketplaces like eBay (EBAY) and Amazon (AMZN)," Wingo said, adding that the company has more than 2,200 clients across the retail spectrum.

This holiday seasons, he said, more and more consumers are "going less and less direct," using e-commerce channels to start and often complete their purchases.

He sees significant room for growth. "Some people feel like e-commerce is played out," Wingo said. "Only 10% of overall sales are online and we think that can go as high as 20%-25% when you look at other countries. So I think it's early innings and I think you'll see some really nice margin expansion as brick-and-mortar stores really get their sea legs in the online world."

Amazon is looking to expand into territory that Costco (COST) has dominated. It is creating a new business called Pantry, which will focus on consumer packaged goods.

Even though Costco is coming off a disappointing quarter, Adami said, "if you made me choose between the two here, it's Costco." He noted that every selloff of Costco over the last couple of years has actually been a reason to buy the stock.

Seymour countered that "every selloff of Amazon to this point has been a reason to buy, too."

Kelly said, "If I'm Costco, I'd be worried because Amazon is not afraid to lose money on a product to gain market share."

Google is reportedly considering designing its own server processors using technology from ARM Holdings (ARMH), signalling a partial move away from Intel.

Grasso said he didn't think this would happen for at least a couple of years. "I think it's a way of sort of price haggling with Intel just to let them know that they don't need them," he said.

"I would buy Google because of YouTube and various other reasons," he said. "I wouldn't buy Google off this headline.

Kelly said he looked at the news as a good sign for ARM Holdings. "If Google's out there looking at this technology then other people are going to be out there looking at this technology," he said. "If you want to play this particular thing, I think that's the way to go."

Beyonce's surprise release of a visual concept album on iTunes drew so many visitors to iTunes that it crashed today.

Seymour said that even though he owns Apple (AAPL) because of iTunes, it accounts for only 9% of Apple's revenue. "I don't think this moves the needle for Apple," he said.

Going against consensus on the Street, Goldman Sachs predicted the dollar will weaken through 2014 against the euro.

Kellty said he would have agreed with that call last week, but not this week. "I was long in the euro coming into this week," he said. "Earlier this week I reversed that position and went short. The reason why I did that was because on Monday I believe it was Germany's industrial production came in way below expectations, actually negative."

Seymour said, "I think the euro can go to $1.40 next year."

Bitcoin finished the week with a gain of more than 20% since Monday. But Kelly said Visa (V) and MasterCard (MA) should not worry ... yet.

"As I look more into Bitcoin I think it's really interesting to look at as a payment system," Kelly said. "And as a free payment system it has the potential to be a very disruptive technology. All you really need is a liquid foreign currency market to be able to transfer your Bitcoins into U.S. dollars. Why would I pay a swipe fee? Why would I pay a Paypal fee? Why would I pay 3% to American Express (AXP) as a merchant if I can just simply do it for free anywhere in the world?

In the final trades, Seymour recommended Vodafone (VOD). Kelly favored shorting bonds by buying the ProShares UltraShort Lehman 20+ Yr (TBT) exchange-traded fund. Grasso said T-Mobile is a buy.

-- Written by Carla Baranauckas in New York.

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