Fast Money's Market Bottom Stock Plays
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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
  • $24.22
  • 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
  • $42.21
  • -1.47%
  • $42.14

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: C+ What is this?

  • +
  • AKS
    A K Steel Hldg Co
  • $16.96
  • +2.79%
  • $16.27

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
  • $37.38
  • +1.69%
  • $36.31

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: ATINUEOSRSLENRYLADP

TheStreet.com Rating: D+ What is this?

  • +
  • CNX
    Cons Energy Inc
  • $45.46
  • -0.61%
  • $44.97

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
  • $28.163
  • 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: ABXCSXFWLTGLSHEVSIXSKX

TheStreet.com Rating: No Rating What is this?

  • +
  • DIG
    Prosultra Oil & G
  • $35.00
  • 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?

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