'Fast Money' Recap: 4-Day Winning Streak

NEW YORK (TheStreet) -- The S&P 500 improved its winning streak to four consecutive days, closing higher by 0.29% on Wednesday. 

On CNBC's "Fast Money" TV show, Pete Najarian, co-founder of optionmonster.com and trademonster.com, said Amazon's (AMZN) new streaming set-top box, the Fire TV, will likely underwhelm customers, especially with its $99 price tag.

Jon Najarian, co-founder of optionmonster.com and trademonster.com, agreed, saying the device does not have enough features to support the price. He added that Google's (GOOG) Chromecast device is similar, but much cheaper at $35. 

Guy Adami, managing director of stockmonster.com, pointed out Amazon has not traded well since the last earnings report and he suggested investors avoid the stock at current levels.  

Karen Finerman, president of Metropolitan Capital Advisors, said shares of Amazon could fall a lot if the company misses earnings expectations again, with results expected to be reported on April 24. She did not like the company's valuation. 

Michael Pachter, managing director of equity research at Webush Securities, agreed Amazon's Fire TV device was "too little, too late." He added the device is not a negative for Netflix (NFLX) since the service will be available on the device as well. Overall, though, he was not bullish on Netflix and expects operating and content costs to hurt the stock, especially once the company is forced to raise prices. 

Adami said Tesla Motors (TSLA) appears to have formed a short-term bottom on Monday and will likely continue to move higher over the next several weeks. Pete Najarian added Tesla has strong support at its 50-day moving average. 

Daniel Ives, an analyst at FBR Capital Markets, has a hold rating on Microsoft (MSFT) with a $40 price target. It's good to see the tech giant going after cloud and mobile businesses, he said. He added that CEO Satya Nadella is the leader who is finally taking steps to navigate the company toward growth. However, he admitted that the mobile and cloud business would be an uphill battle. 

Adami said investors should stay long Microsoft into its earnings release. He is targeting the $46 level, where he suggested taking profits. Pete Najarian agreed. 

Adami was a buyer of Juniper Networks (JNPR) on a pullback to $23.50. 

Finerman advised investors not to trade Google solely due to its stock split, which becomes effective Thursday. 

Adami said interest rates seem likely to go lower, contrary to what many investors believe. He suggested the iShares 20+ Year Treasury Bond ETF (TLT) will eventually go to $115. 

Seth Merrin, founder and CEO of Liquidnet, was a guest on the show as controversy continues to swirl regarding high-frequency trading (HFT), an issue recently stirred up by Michael Lewis' new book, Flash Boys: A Wall Street Revolt. 

Merrin argued his firm is quite different than other HFT firms. Instead of front-running many standard orders in the stock market, Liquidnet connects large, institutional clients to each other, helping to absorb liquidity. He added the average size of an institutional order is roughly 250,000 shares, while the average single market execution size is only 250 shares. 

Not all HFT firms are evil, he said, but the ones that are bad ruin the public's view of Wall Street, which is hurtful to everyone. He concluded that some issues in the market need to be corrected, but regulators should also focus on improving the public's perception. 

Adami said he would not be a short-seller of Nasdaq OMX Group (NDAQ) since any bullish news could send the stock higher. 

Twitter (TWTR) fell 3% and was the first stock on the show's "Pops & Drops" segment. Adami said the stock appears "broken" with its recent price action. 

Urban Outfitters (URBN) jumped 4%. Pete Najarian said he was a buyer. 

GT Advanced Technologies (GTAT) climbed 7%. Jon Najarian said the stock looks like it will hit its previous 52-week highs. 

Macy's (M) moved higher by 2%. Finerman is still long the stock, saying it's not overvalued. 

Jon Najarian took profits in MannKind (MNKD) after it climbed 73% in Wednesday's session. He added that it will likely be a takeover target within the next 12 months. Pete Najarian said he is staying long MNKD and looking for slightly more upside. 

Jon Najarian was not a buyer of Plug Power (PLUG) over the long term.

Pete Najarian was not a buyer of Sears Holdings (SHLD) but suggested those investors who are interested in being long do so via options in order to limit their downside risk. 

For their final trades, Finerman was a buyer of Children's Place Retail Stores (PLCE) and Pete Najarian was a buyer of SunEdison (SUNE) due to bullish options activity. Jon Najarian was a buyer of Occidental Petroleum (OXY) and Adami was buying LyondellBassell Industries (LYB).

-- Written by Bret Kenwell in Petoskey, Mich.

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

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