Dow was up more than 300 points at point today before selling off again, but this time the rally mostly held, closing with 1.4% gain. The rally was buoyed by the gain in crude oil prices today, with WTI crude settling with a 2.40% gain today. The market also had a surprise to the upside from JP Morgan Chase earnings, beating the bottom and top line, helping to boost the entire sector.
CNBC FAST MONEY FINAL TRADES 01/14/2016
Tim Seymour – Sell Netflix (NFLX), trading at $107.06 as of closing 1/14/2016. Disappointing price action today, drops at least to $95 and then see.
Steve Grasso – Buy The Children’s Place (PLCE), trading at $62.39 as of closing 01/014/2016. Plenty of retail names outperform, including Children’s Place, up 13% YTD, has a little more juice to go. Major resistance level at $70, wait for it to cross over.
Karen Finerman – Buy Energy Select Sector SPDR ETF (XLE), trading at $55.97 as of closing 01/14/2016. Energy exposure without having to pick individual names.
Guy Adami – Buy Halliburton (HAL), trading at $31.84 as of closing 01/14/2016. Halliburton say bye to 30, going higher.