'Fast Money' Recap: Awaiting the Jobs Data

NEW YORK (TheStreet) -- The S&P 500 had its best day of 2014, finishing higher by 1.24%. The index closed at session highs. 

On CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, said the market seems like it will sell off on any bad news. He expects weather to negatively affect Friday's nonfarm payrolls report and suggested investors be careful about getting too optimistic after Thursday's move higher. 

Brian Kelly, founder of Brian Kelly Capital, said he is staying short equities. He called the jobs market "stagnant at best" and said the nonfarm payrolls report won't be very good. 

Karen Finerman, president of Metropolitan Capital Advisors, said Thursday's action didn't change her overall perspective on the market that much now that the S&P 500 is back to the same levels it was at a few days ago. 

Dan Nathan, co-founder and editor of riskreversal.com, was positive about the stock market over the intermediate term, but suggested the S&P 500 could trade down to 1,700 if the jobs report is weaker-than-expected. 

LinkedIn (LNKD) beat earnings estimates but fell in the after-hours session following weaker-than-expected guidance. 

Gene Munster, managing director and senior analyst at Piper Jaffray, said that although LinkedIn usually provides conservative guidance, it was still too low for investors' expectations. However, he considers the selloff a good opportunity for long-term investors. He said the growth story is still intact. 

Nathan said investors can own LNKD if it stabilizes above $200 within the next few trading sessions. Seymour called LinkedIn one of the "rare secular opportunities in mobile" and said investors could take a shot on the long side. 

Expedia (EXPE) beat on the top and bottom lines and Kelly said he would not buy the stock after this move. He suggested that investors who are long the stock sell one-third of their position at $75. 

Sony Entertainment (SNE) is cutting 5,000 jobs, selling its PC unit and spinning off its TV operations. Nathan added that the company seems like a mess. 

Seymour is a buyer of Coca-Cola (KO), which took a 10% stake in Green Mountain Coffee Roasters (GMCR) for $1.25 billion. He called it a cheap way for Coca-Cola to gain exposure to a potentially very profitable business. 

Nathan suggested a company could completely buy SodaStream (SODA) for a similar amount since it only has a market cap of roughly $800 million. 

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