Jon Najarian said, "I beg you, stay away from these stocks," in response to whether coal stocks have bottomed.
Again, Kelly disagreed. He was a buyer of Cliffs Natural Resources CLF and the Market Vectors Coal ETF KOL.
Nike (NKE) beat on top- and bottom-line expectations. The company improved margins and reported higher future orders. Sam Poser, senior research analyst at Sterne Agee, said Nike is making "very good headway in China." He added the company should be able to grow earnings per share in the mid-teens in terms of percentage despite gross margins pressure from emerging market currency fluctuations. Overall, he called the business very strong with solid demand.
Jeffry Rosenthal, president and CEO of Hibbett Sports (HIBB), was a guest on the show. His company sells sports gear for teams, not individuals. He said the company is focused on opening and operating its stores in small towns and small markets, where 75% of its stores are already located. The company could use an e-commerce overhaul but Rosenthal, for now, is focused on growing the number of physical locations.
Adami expressed concern over the company's high margins since it could be susceptible to falling in the future. That said, investors could own the stock after the recent selloff.
On a special "Spring Breakout" segment, the traders picked their favorite stocks for the upcoming season.
Adami was a buyer of U.S. Steel (X) because of stabilizing steel prices, cost-cutting by the new CEO and the company's leverage.
Kelly was a buyer of BlackBerry (BBRY). He sees value in the company's BlackBerry Messaging application and suggested that shares could climb to $12.
Pete Najarian was a buyer of Home Depot (HD). He said the spring home-buying season should help drive sales, which have been strong despite weather issues for other retailers.
Jon Najarian was a buyer of Deckers Outdoor (DECK). He added the stock is $20 per share off its recent high.
Kelly said on Thursday he bought more FireEye (FEYE), which is off some 16% since he mentioned it a few weeks ago.
For his online security play, Pete Najarian said he preferred F5 Networks (FFIV) for its valuation.
-- Written by Bret Kenwell in Petoskey, Mich.
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