To start, the company just got FDA approval for a test that detects the deadly staph superbug – an illness that is reaching epidemic proportions in parts of the U.S. And it doesn’t end there. Thermo Fisher and the broader lab equipment sector are tapped into a sea chance of sorts as 78 million baby boomers anticipate more doctor visits as they grow older. That’s why the fastest money on the Street has put TMO under the microscope – and they like what they see.

Many investors have been shying away from Corning (GLW) stock amid fears of a consumer-led recession, but not the hedge funds. What is the fast money on the Street seeing, that you're not? First, Corning is winning the flat panel wars as LCD TVs are outselling plasma sets by a five to one margin, explains Guy Adami. Second, Corning is a falling dollar play. Their components get cheaper for Sony (SNE) each time the greenback drops. And lastly, it's a little known green trade. Corning is experiencing booming sales of its emission control devices for autos.

First, we present a smoke play from the smoky back rooms of the Street; Altria (MO). Everyone knows about its sizable dividend but hedge fund managers like MO for its healthy balance sheet. Right now, the fastest money is buying this stock on the suspicion management will load up more debt generating more cash for expansion and even more dividend increases. Add in the fact the cigarette maker owns a giant stake in SABmiller (SAB) and Altria looks as tasty as a cold beer on a hot summer day.