The traders of CNBC’s “Fast Money” are quickly adjusting to the new political environment in America. The gang knows the change at the highest office in the land will lead to new investment and business trends. The crew also knows that the economy and Wall Street are facing some serious challenges. Some of those challenges include the new business model for former Wall Street investment banks and economic activity returning to levels last seen following Sept. 11, 2001.

Despite all of the headwinds, the trades continue to find sectors and stocks that are working. The crew knows that in times like these it pays to be patient and wait for the right opportunity. As hedge funds are forced to liquidate high-quality stocks, the traders are ready to take the other side of the trade. The gang knows these situations don’t come around often, so now is the time to capitalize.

The gang recently highlighted trading ideas that play off an Obama’s first 100 days, hedge funds in trouble and biotech stocks. Here are some highlights from over the past week as aggregated from the show.

Fast Money’s First-100-Days Trade: The gang highlighted stocks that could be winners for the first 100 days of the new administration. On last Wednesday’s “Fast Money” show, Joe Terranova told viewers: “I think you can find value in the resource sector on Obama's promise of infrastructure spending.” Fast Money’s First-100-Days Trade include Chicago Bridge & Iron (CBI) and Centene (CNC).

Fast Money’s Options Trades: The traders have noticed some unusual options activity in a number of stocks. On Tuesday’s “Fast Money” show, Pete Najarian told viewers: “Commodity play Archer Daniels Midland (ADM) is seeing a lot of bullish options activity.” Fast Money’s Options Trades include Google (GOOG) and Best Buy (BBY).

Fast Money’s Troubled Hedge Fund Stocks: The crew sees opportunity in stocks that have come under liquidation selling pressure from troubled hedge funds. On Tuesday’s “Fast Money” show, Karen Finerman told viewers: “Investors should read the 13Fs for Citadel Investment, Atticus Capital, Harbinger Capital and Pershing Square Capital. They are very big holders of some stocks, and if you have seen stocks that have moved a lot, than that could be the reason.” Fast Money’s Troubled Hedge Fund Stocks include Apple (AAPL) and MasterCard (MA).

Fast Money’s Engineering Stock Picks: Is it time to buy engineering stocks? On last Friday’s “Fast Money” show, Pete Najarian told viewers: “Investors should stay clear of the emerging markets. Look at engineering stocks for the long term.” Fast Money’s Engineering Stock Picks include Foster Wheeler (FWLT).

Fast Money’s Biotech Stock Trades: The crew likes the biotech sector. On Monday’s “Fast Money” show, Pete Najarian told viewers: “AstraZeneca (AZN) might be worth a look, but I’ve got my eye on Amgen (AMGN) because they have as many as five blockbuster drugs in the pipeline.” Fast Money’s Biotech Stock Trades include Myriad Genetics (MYGN).

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 Tyco International (TYC). The world’s largest maker of security systems was among the most active names on the NYSE today. Check out Fast Money’s Trader Radar.

Posted on Nov. 12, 2008