Fast Money Traders Share Their Thoughts On Fitbit, Freeport-McMoRan Inc. And Delta Air Lines, Inc.

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On CNBC's Fast Money
, Brian Kelly spoke about
Fitbit IncFIT
. Its app was the most downloaded on Apple's app store on Christmas, but Kelly is not impressed. He explained that the value of this company is a function of the size of its network. He doesn't see growth in number of users. David Seaburg agrees with Kelly. He believes that
Fitbit's
gross margins are going to decline because of discounts it offers. Seaburg added that the stock is trading at a P/E multiple of 26 and it should be trading at 12 because it is a hardware company. Tim Seymour thinks that
Fitbit
feels like
GoPro
Inc
GPRO
and Dan Nathan commented that if
Apple Inc.AAPL
takes on this segment,
Fitbit
is done. Seymour and Kelly have also discussed
Freeport-McMoRan Inc
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FCX
. They concluded that the real question for the stock is the price of copper in 2016 and 2017. Kelly doesn't see any catalysts for a significant move higher copper and the moment and Seymour is neutral on the stock. Nathan is a buyer of
Delta Air Lines, Inc.DAL
. He added that if crude oil stays low,
United Continental Holdings IncUAL
and
American Airlines Group IncAAL
might also move higher.
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Posted In: CNBCMediaBrian KellyDan NathanDavid SeaburgTim Seymour
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