6 must-see moments from 'Fast Money' this week
From a "Fast Money" milestone to celebrity greetings, here are six things you need to know from this week's shows.
1. A slow start to 2014
Stocks kicked off the first full trading week of 2014 in the red, with the S&P 500 lower in the first three trading days of the year for the first time since 2005.
On Monday's show, Josh Brown of Ritholtz Wealth Management said he's not worried yet about the slow start.
"I don't think that we should make too much of it, it's very early. I don't think we should be extrapolating outward just yet," he said.
TradeMonster's Guy Adami said that with the Fed finally beginning its tapering process, the upcoming earnings season will have added importance in determining the direction of the market. "I think this is the most important earnings period we've had in a few years now," he said.
Monday also saw the Senate confirmation of Janet Yellen as the first chairwoman of the Federal Reserve. Yellen will take over the reins following the conclusion of Ben Bernanke's tenure at the end of January.
2. Downgrading Apple for 'moral reasons'
It's not often that an analyst downgrades a stock for moral reasons, but that's exactly what Ronnie Moas of Standpoint Research did when he slashed Apple's rating to "sell" from "hold."
On Monday's episode of "Fast Money," Moas explained his reasoning behind the downgrade. "I'm disgusted that we have a company sitting on $150 billion, and they're treating their employees in Asia like animals."
Moas continued, saying, "They're sitting on $150 billion in cash, the activists are pressuring them to pay a dividend to their shareholders, and I want to know when someone is going to pressure them to pay a dividend to their employees in Asia who are working for $2 an hour."
When questioned about whether his unorthodox rating method could cost him business, Moas said, "I'm willing to drive my business into the ground, as long as I see some minds changed, and people's thinking changed."
Josh Brown of Ritholtz Wealth Management pointed out that the company is "trying to change some of these things as best they can."
Moral arguments aside, Tim Seymour of Triogem Asset Management broke down the trade on Apple, saying, "$525 is where you stop yourself on this stock. Meantime, risk reward, you can buy it here."
3. Google hits all-time highs
While some momentum names sat out Tuesday's bump in stocks, shares of Google hit another all-time high, extending strong 2013 gains into the new year.
TradeMonster's Guy Adami said that Google is a good bet as a long-term investment.
"Revenue growth at 22 percent, it's hard to knock against it," he said. "They dominate seemingly in every space that they're involved in."
Adami also said that an earnings miss in the next quarter would be the best thing for those interested in getting into Google.
"You've seen them miss before, and I think that is your absolute hope going into this quarter because you'll get a chance to buy it at a significant discount to where it is now," he said.
When asked about other momentum plays for 2014, Karen Finerman of Metropolitan Capital said she's sticking with the shippers.
"I like the shipping space, but very particularly oil shipping," she said. "I think the space is really set to move."
4. 3-D printing shines at CES
Another winner on Tuesday was the 3-D printing space.
New offerings from 3D Systems include the ChefJet, a kitchen-ready appliance which can print edible designs, and the CeraJet, capable of printing ceramics.
3D Systems also announced a new partnership with Intel to make 3-D technology more accessible to a wider base.
Stratasys-owned MakerBot unveiled a new line of consumer printers as well.
Deutsche Bank Senior Analyst Sherri Scribner has a "buy" rating on both Stratasys and 3D Systems, and weighed in on Tuesday's announcements.