'Fast Money' Portfolios of the Week
James Altucher
07/03/08 - 11:14 AM EDT
Updated from 6:59 a.m. EDT
The traders of
CNBC's "Fast Money" are seasoned stock market players who know how to trade both a bull and a bear market. The gang knows that bear markets, like the one we're in right now, are a land of opportunity if an investor knows how to identify the right stocks and sectors that thrive in tough economic times.
The gang recently highlighted trading ideas that play off bullish charts bucking the downtrend, biotech stocks for a bear market and stocks that were unfairly punished during the market selloff. Here are some highlights from over the past week as aggregated from the show.
Fast Money's Bullish Chart Trades: The traders noticed a few stocks that are bucking the bearish trend in the stock market. On Monday's "Fast Money" show, Dan Fitzpatrick told viewers: "The trends in the charts of three companies appear to be bullish."
Fast Money's Bullish Chart Trades include
Aecom(ACM Quote).
Fast Money's Synthetic Short-Squeeze Trade: The traders think that bear market pessimism is overdone. On Tuesday's "Fast Money" show, Stacey Gilbert, market strategist for Susquehanna, told viewers: "Focus on names that have seen excessive growth in their short positions in a relatively small period of time."
Fast Money's Synthetic Short-Squeeze Trade includes
Sears(SHLD Quote) and
VMware(VMW Quote).
Fast Money's Unfairly Punished Stocks: The traders think a number of stocks were unfairly punished during last week's market selloff. On last Thursday's "Fast Money" show, Pete Najarian told viewers: "When
ConocoPhillips(COP Quote) sold off, I was amazed. I think this stock is trading far too cheaply."
Fast Money's Unfairly Punished Stocks include
L-3 Communications(LLL Quote) and
Nucor(NUE Quote).
Fast Money's Options Trades: The traders noticed heavy call and put buying in a number of stocks. On Tuesday's "Fast Money" show, Pete Najarian told viewers: "Keep your eye on
Prudential(PRU Quote). Options traders are buying September 50 puts."
Fast Money's Options Trades include
Research In Motion(RIMM Quote) and
Washington Mutual(WM Quote).
Fast Money's Trader Radar: In a segment called "Trader Radar," the crew highlights stocks with unusual volume that are lighting up screens across Wall Street. On Monday's "Fast Money" show, Dylan Ratigan told viewers: "On the trader radar tonight, we're watching
H&R Block(HRB Quote). Shares of this tax service were among the most active names on the
NYSE today. Check out
Fast Money's Trader Radar.
Fast Money's Biotech Stocks For A Bear Market: The traders think the best place to be in a bear market is the biotech sector. On Tuesday's "Fast Money" show Guy Adami told viewers: "
Celgene(CELG Quote) has free reign in Europe now and it has lots of good things going for it."
Fast Money's Biotech Stocks For A Bear Market include
Elan(ELN Quote) and
Novartis AG(NVS Quote).