8 must-see moments from 'Fast Money'
From a few stock selloffs to interconnected homes, the "Fast Money" traders have you covered in eight must-see moments from this past week.
1. Selloff to start the week
Stocks kicked off the week on a negative note, with the Dow Jones Industrial Average, S&P 500 and NASDAQ all falling more than 1 percent. The Dow had its worst day in over three months, down nearly 180 points.
Brian Kelly of Brian Kelly Capital said he sees more downside ahead.
"The path of least resistance for this market is still down," he said.
Tim Seymour of Triogem Asset Management took the opposite view, saying, "People are reading way too much into it."
Seymour added that "all the data over the last three months, the indications are that the data is erring to the higher."
Josh Brown of Ritholtz Wealth Management blamed the selloff on one sector in particular.
"If you look at what has generated most of the red in this selloff, its retailers, and it should be that way," he said. "The retailers disappointed, almost to a man."
2. Earnings in focus
Earnings remained in focus Monday, ahead of a number of big announcements due out during the week.
Morgan Stanley's Adam Parker joined the crew to give his best ways to play earnings season.
(Watch video: Tapering could be risk to downside: Parker)
"I think earnings season is going to be fine," he said. "I think the bar has been set low enough that the Q4 earnings that start here in earnest this week are going to be fine. I don't see it as a negative catalyst that's spooking the markets."
Despite the low bar, TradeMonster's Guy Adami said he's looking for a downside surprise out of IBM.
"Last few quarters for IBM have been, in a word, disastrous. I think you're going to see another one," he said.
3. Monday's after-hours action
Two big stories had stocks on the move in Monday's after-hours session.
Both stocks saw a 1 percent in pop in after-hours trading.
Brian Kelly said that the offer, valued somewhere in the $130-per-share range, sets up a great trade in Time Warner, adding, that "$130 is now your floor, so it's an asymmetric trade. … Somebody's going to come in here and bump this up. I'd buy Time Warner here."
Google also made headlines Monday after announcing its acquisition of Nest Labs, a home-hardware maker, for $3.2 billion in cash.
CNBC's Jon Fortt gave the breakdown of what the acquisition could mean for the search giant.
"This is potentially huge on a number of levels," he said. "This is potentially a YouTube moment for the post-smartphone era."
Google acquired YouTube for around $1.65 billion back in October of 2006.
Josh Brown of Ritholtz Wealth Management said that the "Internet of everything," an umbrella term for interconnected appliances and technologies including those made by Nest Labs, could be "the next industrial revolution."
(Read more: Bet on big banks: Bill Nygren)
Tim Seymour said that Google is the best way to play the "Internet of things," saying, "I think it's a genius purchase. I think it's a fantastic company. I think Google has a lot more of these up their stream."
But Seymour did warn about the potential security concerns related to interconnectivity.
"You think it's creepy how people can see your key strokes? Nest understands tastes about how you live your life," he said.
4.The Smart Home Revolution
On Tuesday, "Fast Money" dug deeper into the "Internet of things" with a company aiming to turn household items into internet-connected devices.
Alex Hawkinson, the founder and CEO of SmartThings, an open-platform software and hardware company, joined the crew Tuesday to talk about the emerging industry.
Hawkinson also weighed in on Google's acquisition of Nest, a company that also makes Internet-connected devices.
(Watch video: The smart house revolution)
"I think it's great for the entire industry," he said. "We've really seen this as the tipping point year, 2014, where a lot of these technologies really gain mass-market adoption."
Brian Kelly of Brian Kelly Capital gave a tradable way to play the new home revolution.
"I think you go Badger Meter, BMI. They make all the smart meters that go into the utilities," he said.
Karen Finerman of Metropolitan Capital also said that Google is the best way to play the "Internet of things," especially given its acquisition of Nest.
"It doesn't move the needle, this acquisition, but the tentacles are getting into your car, your smartphone, your home," she said. "That's interesting."
5. Tesla drives higher
One company driving the gains was Tesla.
The electric-car maker jumped 16 percent in Tuesday's session after reporting fourth-quarter deliveries that were 20 percent above estimates.
(Read more: Tesla's projections are through the roof: Pro)
On "Closing Bell," Tesla CEO Elon Musk said that he's "very optimistic" about his company's prospects this year.
"Our rough aspirations … are to be somewhere in excess of 800 vehicles a week by the end of the year," he said.
R.W. Baird Analyst Ben Kallo upgraded the stock to outperform on Tuesday, and joined "Fast Money" to explain his move.
"The news today was definitely positive. I think we'll continue to see gross margins improve throughout the year," he said.
Kallo also said that overall sentiment on the name has shifted to a "negative place," and that Tesla should easily be able to beat the street's low expectations.
Brian Kelly said he would still look to buy Tesla, despite the day's big run.