Fast Money's Trades For A Dangerous Market
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Date updated:10-08-2008

Ratigan asked the traders how they traded today’s dangerous stock market.

symbol name last price % change open
  • +
  • NCC
    10.91
  • $2.20
  • 0.00
  • $2.20

Pete Najarian said he is holding onto the regional banks because they will have the “opportunity” going forward. He says the big banks will gobble up names like National City (NCC), Wachovia (WB) and Regions Financial (RF). “I would still buy these names through options are with buying the stocks outright,” he added

People owning NCC also tend to own: BACBBTCCMAFITBJPMKEY

TheStreet.com Rating: No Rating What is this?

  • +
  • WB
    32.35
  • $5.27
  • 0.00
  • $5.27

Pete Najarian said he is holding onto the regional banks because they will have the “opportunity” going forward. He says the big banks will gobble up names like National City (NCC), Wachovia (WB) and Regions Financial (RF). “I would still buy these names through options are with buying the stocks outright,” he added

People owning WB also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: No Rating What is this?

  • +
  • RF
    Regions Financial
  • $5.71
  • +3.82%
  • $5.70

Pete Najarian said he is holding onto the regional banks because they will have the “opportunity” going forward. He says the big banks will gobble up names like National City (NCC), Wachovia (WB) and Regions Financial (RF). “I would still buy these names through options are with buying the stocks outright,” he added

People owning RF also tend to own: AMDBBTCOPDUKFIBMMRK

TheStreet.com Rating: D What is this?

  • +
  • BNI
    Burlingtn N Sante
  • $98.66
  • +0.06%
  • $98.69

Guy Adami says there is value in names like Burlington Northern Santa Fe (BNI) and MasterCard (MA).

People owning BNI also tend to own: ASHBTUCELGENGHANSHTELMT

TheStreet.com Rating: B What is this?

  • +
  • MA
    Mastercard Inc
  • $241.33
  • +2.19%
  • $240.00

Guy Adami says there is value in names like Burlington Northern Santa Fe (BNI) and MasterCard (MA).

People owning MA also tend to own: AAPAXPBRK-ABRK-BBROCHKCNQR

TheStreet.com Rating: B What is this?

  • +
  • MCD
    Mcdonalds Cp
  • $61.59
  • -0.61%
  • $62.46

Macke told viewers he bought BNI and McDonald’s (MCD) today.

People owning MCD also tend to own: DENNDRTEHNZIASGJRCCNOOFPBY

TheStreet.com Rating: A What is this?

  • +
  • USB
    Us Bancorp
  • $23.50
  • +1.08%
  • $23.75

Najarian said look at U.S. Bancorp (USB), Wells Fargo (WFC), JPMorgan Chase (JPM) and Citigroup (C) which all had bullish reversals on the day. “In the long run they all tend to win,” he said.

People owning USB also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • WFC
    Wells Fargo & Co
  • $26.96
  • +1.77%
  • $27.02

Najarian said look at U.S. Bancorp (USB), Wells Fargo (WFC), JPMorgan Chase (JPM) and Citigroup (C) which all had bullish reversals on the day. “In the long run they all tend to win,” he said.

People owning WFC also tend to own: ASHATGBACCBMNINFBNI

TheStreet.com Rating: C What is this?

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