The traders of CNBC’s “Fast Money” continue to be amazed and shocked by the volatility and selling pressure in the stock market. The gang has been telling viewers for weeks that high volatility, irrational selling and institutional liquidations of stocks are creating some once-in-a-lifetime opportunities.
The crew knows that the crazy moves in the market have forced some of the best hedge funds and traders to the sidelines in cash. This is the precise time the gang thinks that average investors should begin to search for investment opportunities.
Don’t let the falling stock market scare you off. Tune in to the traders of “Fast Money” and begin to create your watch list of potential stock plays. At a time like this, you need to hear what the experienced pros on Wall Street are saying.
The gang recently highlighted trading ideas that play off potential bank takeovers, stock picks for a market bottom and alternative energy stocks. Here are some highlights from over the past week as aggregated from the show.
Fast Money’s Bank Takeover Candidates: The Treasury department plans to allocate money in its $250 billion rescue package to banks that are willing to buy weaker rivals. On Tuesday’s “Fast Money” show, Steve Liesman told viewers: “Once the government gives the banks the money, they have no say where it goes. They can use it for an acquisition, they can lend it out, or they can sit on it.” Fast Money’s Bank Takeover Candidates include KeyCorp (KEY) and National City (NCC).
Fast Money’s Market Bottom Stock Plays: Oppenheimer Chief Market Strategist Carter Worth says the stock market has hit a bottom. On Monday’s “Fast Money” show, Worth told viewers: “Patterns in the S&P 500 suggest the low of Oct. 10 should stand for a long time. I expect to see a strong advance this week that leaves the index above the 1025 level.” Fast Money’s Market Bottom Stock Plays include Peabody (BTU) and Chesapeake (CHK).
Fast Money’s Green Bull Market Stock Picks: Is the next bull market going to be in the alternative energy sector? On Monday’s “Fast Money” show, Karen Finerman told viewers: “I think the easiest way to play green is long oil, because the urgency we had six months ago to find alternative energy is starting to fade.” Fast Money’s Green Bull Market Stock Picks include JA Solar (JASO) andShaw Group (SGR).
Fast Money’s Stock Plays for an Irrational Market: The traders see opportunity in trading an irrational market as investors throw out the baby with the bath water. On last Thursday’s “Fast Money” show Guy Adami told viewers: “I’d look at buying IBM (IBM). I think the company still has upside growth.” Fast Money’s Stock Plays for an Irrational Market include MGM (MGM) and Charles Schwab (SCHW).
Fast Money’s Battle-the-Bear Stock Plays: The traders say it’s time to battle the bear and “dive in” to high-quality stocks. On last Thursday’s “Fast Money” show, Pete Najarian told viewers: “Abbott Labs (ABT) is my pick. This company’s numbers were outstanding and worldwide sales were up 17%.” Fast Money’s Battle-the-Bear Stock Plays include Altria (MO).
Fast Money’s Trader Radar: In a segment called “Trader Radar,” the crew highlights stocks with unusual volume. On Tuesday’s “Fast Money” show Dylan Ratigan told viewers: “On the trader radar tonight, we’re watching Netflix (NFLX). The leading online DVD rental company was among the most active names on the Nasdaq today. Check out Fast Money’s Trader Radar.
Posted on Oct. 22, 2008
