'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. 

Shares of SodaStream initially fell on the Coca-Cola announcement, but rallied 7% in Thursday's session. Guy Adami, managing director of stockmonster.com, called into the show. On Wednesday, he said he was a buyer of the stock in the after-hours, when the stock initially declined. After the big move higher on Thursday he told investors to stay with the trade, calling the high short interest a potential catalyst for a higher stock prices.  

Rick Bergman, president and CEO of Synaptics (SYNA), was a guest on the show. Although there are worries about a slowing smartphone market, he reminded investors there were one billion units sold globally in 2013. This year that figure is expected to climb to 1.2 billion units. He added that pricing pressure hasn't really hurt the company since it is an industry leader. 

Tesoro (TSO) fell 5% and was the first stock on the show's "Pops & Drops" segment. Kelly said he would be a buyer near $45. 

Kohl's (KSS) was up 3%. Finerman said the company's disappointing results weren't as bad as everyone had anticipated. Thus, shares rallied slightly higher. 

Vodafone (VOD) popped 3%. Seymour said investors who are long should use $35 for their stop-loss. 

USG Corp. (USG) finished higher by 13%. James Metcalf, the company's CEO and chairman, said his company is not just a play on housing, which only accounts for 25% of its business. He said 50% of its business comes from repair and remodeling, a division on which the company is very optimistic. He concluded that the current global macro trends support USG's growth for the next several years. 

Seymour said he prefers Home Depot (HD), which has a lower valuation and higher return on equity. Kelly said he likes USG even after Thursday's big move.

Seymour said he bought Yahoo! (YHOO) as a play on Alibaba, but SoftBank (SFTBF) would be a good way to play for exposure as well. 

Kelly said he sold his natural gas position and would not be a buyer of Chesapeake Energy (CHK). 

Nathan said investors should be very cautious on SolarCity (SCTY) as an investment. Instead, he suggested only trading the stock while using tight stop-losses. 

Finerman said she's a buyer of Citigroup (C), which has been sold off very hard in recent weeks. 

For their final trades, Seymour is a buyer of Sina (SINA) and Kelly is buying the iShares Silver Trust ETF (SLV). Finerman said to buy General Motors (GM) after its multi-week selloff and Nathan is a buyer of Nike (NKE) with a stop-loss at $70.

-- 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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