'Fast Money' Recap: Oil Gushes

Finerman mentions that her hedge fund has no exposure in the auto sector right now because of issues with the U.S. consumer. In Macke's opinion, Toyota Motor(TM Quote), Honda Motor(HMC Quote) and Hertz Global Holdings(HTZ Quote) all lose from the continued improvements at Ford and General Motors He advocates being long Ford here.

Financials Fumbling

Jeff Macke says we saw a counter trend rally on Tuesday and everything worked accept Citigroup(C Quote) and the retailers. He feels that investors can still be long volatility in this market. Pete Najarian says the mortgage insurers had a nice bounce Tuesday and he cautioned investors to not buy into the hype. He feels the sector has a problem and he mentioned that Doug Kass might be dead right on his bearish take of the group.

Goldman Sachs(GS Quote) denies write-down speculation for the fourth time on Tuesday. Finerman believes Goldman Sachs and she thinks they'll do a better job at managing risk then the rest of the investment banks. Najarian says this is a stock pickers market and you have to pick your spots carefully in the financial sector.

Trade off Google

Google (GOOG Quote)continues to surprise investors with news like the recent entry into the mobile handset market. Is there another way to trade the mobile space if you've missed the move in Google? Najarian claims the trade is Focus Media Holding(FMCN Quote), which is a China play that sells advertising space on mobile handsets. He mentions that the options activity in Focus Media is suggesting to him the stock is poised to move higher. Adami also reminds investors that Focus Media is set to report earnings on or around November 21st and the stock has doubled on the year. Najarian continues to believe that China isn't dead yet.