'Fast Money' Recap: From Stocks to Bonds?

NEW YORK (TheStreet) -- Despite opening lower in the morning, the S&P 500 closed up 0.03%. 

On CNBC's "Fast Money" TV show, Guy Adami, managing director of stockmonster.com, said he's surprised by the continued move higher in the S&P 500. He added that bond yields will likely go lower since bond prices have remained strong. 

Tim Seymour, managing partner of Triogem Asset Management, suggested investors not sell copper because it is near the critical $3 level. He added that the Market Vectors Russia ETF (RSX) is oversold. 

Karen Finerman, president of Metropolitan Capital Advisors, said that emerging markets still appear to be growing. 

Dan Nathan, co-founder and editor of riskreversal.com, was a seller of emerging markets. He pointed out the weak Chinese economic data that was released earlier this week.

The global "flight to safety" may be to U.S. equities for now, but Adami said the real flight to safety trade will ultimately be in U.S. bonds, which will drive bond yields down. 

Garmin (GRMN), Alcoa (AA) and Salesforce.com (CRM) are among the most heavily shorted stocks in the S&P 500. Seymour said that although demand for aluminum is up, shares of Alcoa have gone too far, too fast. He was a seller at current levels. 

Nathan said Salesforce.com should continue to move higher so long as it continues to see growth in the cloud business. Adami is a buyer of Garmin, saying it can move above $60 per share.

Nomura Securities' Anthony Diclemente said investors underestimated how well Facebook (FB) would do on mobile. The company has three core growth avenues: user growth, ad pricing growth and further monetization. He has a buy rating on the stock with a $78 price target. 

Diclemente added the company has a lot of opportunities with video advertisements and Instagram. He suggested that ad prices for the company could go a lot higher in the future because it is drastically cheaper than television for advertisers. 

Eric Roza, CEO of Datalogix, was a guest on the show. His company works with digital ad companies and retailers to create the most efficient online advertisements. Regarding Facebook, he said the returns for advertisers are "really good." He added that these retailers see a "meaningful sales lift" that easily justifies the investment in advertising with the social media giant. 

Shares of Herbalife (HLF) fell 7% on reports the Federal Trade Commission would launch an investigation into the company to see if it is doing anything wrong. Nathan pointed out that there is a lot of interest in the $50 level, according to the options market for HLF. 

Whether the investigation turns out to be positive or negative, Adami viewed it as a good thing since investors would at least know the truth about the company. 

SolarCity (SCTY) closed higher by 7% on Tuesday after it announced a deal with Best Buy (BBY) to make its solar products easier for prospective customers to buy. Seymour said many residential owners want to have solar power and he believes the company will certainly hit its metrics. 

Adami was surprised by the big move higher in Williams-Sonoma (WSM) after it reported earnings. He suggested investors not chase the stock higher. 

Aeropostale (ARO) is down 20% for the year to date and down 48% over the past 12-months. CNBC's John Jannarone said teen retail has been a hated investment. However, the company has a social media leader with Bethany Mota, who has a popular fashion line with the retailer. It could spark higher-than-expected sales. He concluded the company has enough liquidity to last at least a few more years. 

Adami pointed out the high short interest in shares of ARO, which is over 30%. He suggested that an earnings result that's not terrible could drive the stock higher. 

General Motors (GM) closed lower by roughly 1%. Nathan said a good March sales result could push shares back to $38. He was a buyer.

Seymour said the impending investigation into GM shouldn't do that much damage and he was a buyer at current levels. Finerman was staying long too and Adami said investors could buy the stock. 

Activision Blizzard (ATVI) was the first stock on the show's "Pops & Drops" segment. Finerman said the balance sheet looks good and she is bullish on the stock. 

Pfizer (PFE) fell 1%. Seymour said sales could take a hit from a patent ruling in Virginia, but not enough of a hit to warrant shares trading lower. 

PulteGroup (PHM) fell 1%. Adami said he is a buyer of the stock as long as it holds $19. 

Nathan said he would be buyer of Pandora (P), but not until it was near $30. 

Seymour said to buy McDonald's (MCD) because of its low valuation and current upside price momentum. 

Dr. Yaron Werber, who leads Citigroup's biotech research team, was a guest on the show. He said the fundamentals for biotech stocks are still strong. However, the group has to consolidate after making a lot of big moves higher over the past year. While small- and mid-cap biotech stocks may be stretched on valuation, he suggested that large-cap biotech stocks still have good valuations. He was cautious on Sarepta Therapeutics (SRPT), with a sell rating. 

Adami likes Celgene (CELG) for its strong cash flow and balance sheet. 

Moshe Hogeg, founder and CEO of Mobli,  said his picture-sharing company (much like Instagram) is focused on emerging markets. He reminded viewers there are a lot more people in the world than just those in the U.S., and that more than one social picture-sharing business could exist. 

Nathan said to avoid King Digital Entertainment (KING) after it debuts for public trading, especially with a valuation near $7.6 billion. 

Finerman said Morgan Stanley (MS) is worth a look on the long side, but she's not currently a buyer. She still likes Citigroup (C). 

With China Mobile Limited (CHL) off 13.5% in 2014 and a lot of uncertainty in emerging markets, Nathan said that using call options to bet on future upside is a good way for investors to define their risk. 

Seymour said investors could stay long Vodafone (VOD). 

Adami said investors could stay long iRobot (IRBT) against a $40 stop-loss.  

For their final trades Seymour was a buyer of RSK March $25 call options and Nathan said to buy the Energy Select Sector SPDR ETF (XLE). Finerman was a buyer of GNC Holdings (GNC) and Adami said to buy Newmont Mining (NEM). 

-- Written by Bret Kenwell in Petoskey, Mich. 

Follow @BretKenwell

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.

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