The traders of CNBC’s “Fast Money” are experts at evaluating important market information and new developments -- such as the $700 billion bailout plan -- and turning that info into trading ideas. The crew is also smart enough to know that sometimes the best trading idea is to just remain on the sidelines.
No matter what the market throws their way, the traders will adapt and guide their viewers through bull and bear markets.
The gang recently highlighted trading ideas that play off stocks away from the crisis, the new winners on Wall Street and companies buying back stock. Here are some highlights from over the past week as aggregated from the show.
Dennis Gartman’s Stock Picks: Strategic investor Dennis Gartman says the $700 billion bailout plan will be bullish for the brokers and banks. On Tuesday’s “Fast Money” show, Gartman told viewers: “I think the bailout will generate new derivatives that will have to be put on an exchange. And I think the banks will do quite well.” Dennis Gartman’s Stock Picks include CME (CME) and Goldman Sachs (GS).
Fast Money’s Trades for a Murderous Market: The traders revealed their strategies for playing a murderous market. On last Wednesday’s “Fast Money” show Guy Adami told viewers: “I like Lockheed Martin (LMT) right now. At $105, it seems attractive.” Fast Money’s Trades for a Murderous Market include Apple (AAPL) and Boeing (BA).
Fast Money’s New Wall Street Winners: Who are the new winners on Wall Street? On last Friday’s “Fast Money” show, Guy Adami told viewers: “I think boutique investment banks are the winners.” Fast Money’s New Wall Street Winners include Jefferies Group (JEF).
Fast Money’s Stocks Away From the Crisis: The traders see opportunity in playing stocks away from Wall Street. On last Thursday’s “Fast Money” show, Jon Najarian told viewers: “Dell (DELL) has behaved quite impressively over the last four or five sessions.” Fast Money’s Stocks Away From the Crisis include NutriSystem (NTRI) and True Religion (TRLG).
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 Circuit City (CC). The second-biggest U.S. electronics chain was among the most active names on the NYSE today. Check out Fast Money’s Trader Radar.
Fast Money’s Stock Buyback Plays: The traders noticed that some big blue chip players are buying back large amounts of their stock. On Monday’s “Fast Money” show, Karen Finerman told viewers: “Cisco Systems (CSCO) has a lot of cash on their balance sheet. It wouldn’t surprise me to see them buyback as well.” Fast Money’s Stock Buyback Plays include Microsoft (MSFT) and Nike (NKE).
Posted on Sept. 24, 2008
