Fast Money's Market Bottom Stock Plays
707 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by barrons3
DESCRIPTION:

Date updated:10-22-2008

October 10th – remember that date. It could well be the day the stock market bottomed. On October 10th the Dow hit its intraday low of 7,882 while the S&P 500 also touched its intraday low. What does it mean going forward? The crew spoke with Oppenheimer chief market technician Carter Worth on how to trade his market bottom call.

symbol name last price % change open
  • +
  • CHK
    Chesapeake Energy
  • $23.92
  • 0.00%
  • $N/A

Worth says, "I am all in on the long side." He told viewers to look for the most beaten-down names or the most defensive names that have held up in the bear market. Some beaten down names he likes are Chesapeake Energy(CHK), Peabody Energy (BTU), AK Steel(AKS), U.S. Steel(X) and CONSOL Energy (CNX).

People owning CHK also tend to own: ACIAINVANRAPCBBDBTUCMCSK

TheStreet.com Rating: C- What is this?

  • +
  • BTU
    Peabody Energy Co
  • $44.46
  • -0.22%
  • $44.65

Worth says, "I am all in on the long side." He told viewers to look for the most beaten-down names or the most defensive names that have held up in the bear market. Some beaten down names he likes are Chesapeake Energy(CHK), Peabody Energy (BTU), AK Steel(AKS), U.S. Steel(X) and CONSOL Energy (CNX).

People owning BTU also tend to own: AAPLBRCMCCJCNQCTRPGGGOOG

TheStreet.com Rating: B- What is this?

  • +
  • AKS
    A K Steel Hldg Co
  • $20.00
  • +2.30%
  • $20.15

Worth says, "I am all in on the long side." He told viewers to look for the most beaten-down names or the most defensive names that have held up in the bear market. Some beaten down names he likes are Chesapeake Energy(CHK), Peabody Energy (BTU), AK Steel(AKS), U.S. Steel(X) and CONSOL Energy (CNX).

People owning AKS also tend to own: BACOGNLUKMMMMOUNHAKN

TheStreet.com Rating: C- What is this?

  • +
  • X
    United States Ste
  • $44.66
  • +3.74%
  • $44.55

Worth says, "I am all in on the long side." He told viewers to look for the most beaten-down names or the most defensive names that have held up in the bear market. Some beaten down names he likes are Chesapeake Energy(CHK), Peabody Energy (BTU), AK Steel(AKS), U.S. Steel(X) and CONSOL Energy (CNX).

People owning X also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D+ What is this?

  • +
  • CNX
    Cons Energy Inc
  • $45.92
  • +0.07%
  • $45.60

Worth says, "I am all in on the long side." He told viewers to look for the most beaten-down names or the most defensive names that have held up in the bear market. Some beaten down names he likes are Chesapeake Energy(CHK), Peabody Energy (BTU), AK Steel(AKS), U.S. Steel(X) and CONSOL Energy (CNX).

People owning CNX also tend to own: AAVABXAADGAMATAQRBGRBXL

TheStreet.com Rating: B What is this?

  • +
  • UYM
    Ultra Basic Mater
  • $30.89
  • 0.00%
  • $N/A

Patterns in the ProShares Ultra Basic Materials ETF (UYM) appear bullish to Worth. “I’d play for a rebound in that part of the market."

People owning UYM also tend to own: AACSCOCSXDDMOTRSPSD

TheStreet.com Rating: No Rating What is this?

  • +
  • DIG
    Prosultra Oil & G
  • $34.77
  • 0.00%
  • $N/A

Similarly, the chart of the ProShares Ultra Oil & Gas ETF (DIG) suggests the risk reward is to the upside, according to Worth.

People owning DIG also tend to own: BPCCSCOFRGSKSPOSP

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

latest articles | popular forums
Rocket Stocks for the Week

By Jonas Elmerraji Posted on Nov. 30, 2009 With Black Friday behind us and another data-heavy week ahead, it’s time to turn once again to Rocket Stocks, our list of b...

11.30.09 | 09:16 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 27, 2009 According to Jim Cramer, investors need to know the four enemies of all bull markets. On Wednesday’s “Mad Money” TV show...

11.27.09 | 13:36 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 27, 2009 According to CNBC’s “Fast Money” traders, the adjustment in the third-quarter GDP figure released on Tuesday from an exp...

11.27.09 | 12:22 PM
Black Friday Short-Squeeze Oppor...

By Jonas Elmerraji Posted on Nov. 25, 2009 With Thanksgiving fast approaching, retailers have one thing on their collective minds: Black Friday. After all, the day, whi...

11.25.09 | 13:33 PM
more articles
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Wealth distribution by race and ...
11.23.08 | 18:44 PM From author Valerie J
Cartoon Thread
11.15.07 | 20:31 PM From author Peter near Matanzas Inlet
more forums
recent answers | popular answers
bubble(1)
Q. Stockpickrs, I currently own sha...
11.30.09 | 21:47 PM Asked by reinorht

A. Mr. Partridge can answer that, but not
until tomorrow maybe.
He has not indicated a preference for
keeping one or the other,
which leads me to believe he will keep
both.

show all recent stockpickr answers
today 's lists
Dogs of the Dow

Here are the 10 stocks in the Dow Jones Industrial Average stocks with the highest yields as of the market close on June 2, 2009. more

Biggest % Gainers

Here are some of the largest % gainers from Nov. 30, 2009. more

52-Week Lows

Here is a list of some of the biggest stocks that hit 52-week lows on Nov. 30, 2009. more

show all today's lists