The traders of CNBC's "Fast Money" are starting to warm up to the U.S. stock market. The crew sees some incredible values and ridiculously cheap stocks in this bear market. The gang has been getting its viewers ready for a market rally by highlighting equity opportunities that continue to flash across the trading screens.
The traders know that in order to be successful on Wall Street, an investor must be able to identify when market sentiment has gone to an extreme. When this happens, the gang knows it's time to take the other side of the trade.
The gang recently highlighted trading ideas that play off potential takeover candidates, forced hedge fund selling and global energy stocks. Here are some highlights from over the past week as aggregated from the show.
Fast Money's Hedge Fund Forced Selling Stock Plays: Is it time to buy stocks that have experienced forced selling due to hedge fund liquidations? On last Thursday's "Fast Money" show, Pete Najarian told viewers: "Go with Chesapeake Energy." Fast Money's Hedge Fund Forced Selling Stock Plays include Starbux (SBUX) and Vale (RIO).
Fast Money's Global Energy Trade: The traders say that global recession fears are overblown and that this is the beginning of a commodities comeback. On Tuesday's "Fast Money" show, Joe Terranova told viewers: "I think the up-cycle is specific to the energy equity names themselves." Fast Money's Global Energy Trade include Exxon (XOM) and National Oilwell Varco (NOV).
Fast Money's Stocks Unfairly Punished: The traders see opportunity in stocks that are ridiculously cheap and have been unfairly punished in the selloff. On last Friday's "Fast Money" show, Karen Finerman told viewers: "At two times cash flow, I'd look at Freeport McMoRan (FCX)." Fast Money's Stocks Unfairly Punished include RTI (RTI).
Fast Money's Takeover Plays: Has the bear market created some potential takeover candidates? On Monday's "Fast Money" show Jon Najarian told viewers: "I'd keep an eye on Swiss bank Credit Suisse Group (CS) or a takeover play." Fast Money's Takeover Plays include Suncor (SU) and UBS (UBS).
Fast Money's Bear Market Stock Plays: The traders highlighted a number of stocks to play in this bear market. On last Friday's "Fast Money" show, Guy Adami told viewers: "If you want to be in stocks play infrastructure. The world is going to spend $30 trillion on infrastructure. It's not a trade for Monday, but soon." Fast Money's Bear Market Stock Plays include Apple (AAPL) and Harmony (HMY).
Fast Money's Trader Radar: In a segment called "Trader Radar," the crew highlights stocks with unusual volume. On Monday's "Fast Money" show, Dylan Ratigan told viewers: "On the trader radar tonight we're watching Capital One (COF). The credit card company was among the most active names on the NYSE today. Check out Fast Money's Trader Radar.
Posted on Oct. 29, 2008
