Fast Money's Pairs Trade
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Date updated:04-17-2008

Within individual industries there’s a case to be made for being very much in favor of one player at the expense of another player, explains Oppenheimer Chief Market Technician Carter Worth. It’s called a "pairs trade" where you buy one and sell the other and I think this market lends itself to that.

symbol name last price % change open
  • +
  • IBM
    Intl Business Mac
  • $129.52
  • -0.37%
  • $129.78

Worth recommended getting long IBM (IBM) and shorting Hewlett-Packard (HPQ). I'd be long both, counters Guy Adami.

People owning IBM also tend to own: AAPLAMDCSCODELLGOOGINTCMSFT

TheStreet.com Rating: A- What is this?

  • +
  • HPQ
    Hewlett Packard C
  • $44.28
  • +1.72%
  • $43.68

Worth recommended getting long IBM (IBM) and shorting Hewlett-Packard (HPQ). I'd be long both, counters Guy Adami.

People owning HPQ also tend to own: ACASCLPMRKPHISHFLVZAA

TheStreet.com Rating: A- What is this?

  • +
  • XOM
    Exxon Mobil Cp
  • $80.99
  • -2.26%
  • $82.76

He also likes going long Exxon (XOM) and shorting Apache (APA) because he thinks Apache has gone up too much too fast. I like getting long Exxon but I'd short some of the EM names instead, such as Petrobras, counters Tim Seymour.

People owning XOM also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: A+ What is this?

  • +
  • APA
    Apache Cp
  • $108.76
  • -4.95%
  • $114.21

He also likes going long Exxon (XOM) and shorting Apache (APA) because he thinks Apache has gone up too much too fast. I like getting long Exxon but I'd short some of the EM names instead, such as Petrobras, counters Tim Seymour.

People owning APA also tend to own: BGCBHPCBIIPSSSRIAAPLAGU

TheStreet.com Rating: A+ What is this?

  • +
  • PG
    Procter Gamble
  • $64.70
  • +0.94%
  • $64.25

Worth said go long Proctor & Gamble (PG) and short Clorox (CLX) because P&G has more international exposure.

People owning PG also tend to own: CLCTDENNFFEXJBSSJRCCMEEMSFT

TheStreet.com Rating: B What is this?

  • +
  • CLX
    Clorox Co
  • $54.76
  • +0.27%
  • $54.79

Worth said go long Proctor & Gamble (PG) and short Clorox (CLX) because P&G has more international exposure.

People owning CLX also tend to own: CCVSGOOGGSHDJNJLLY

TheStreet.com Rating: C+ What is this?

  • +
  • PBR
    Petroleo Brasilei
  • $55.81
  • -3.33%
  • $56.95

I like getting long Exxon but I'd short some of the EM names instead, such as Petrobras, counters Tim Seymour.

People owning PBR also tend to own: AAAINVAPABBDBTUCHKCNX

TheStreet.com Rating: A+ What is this?

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