'Fast Money' Recap: Rally Time

Oil traded down 2.5% and closed at $88.71. Adami predicts oil will trade down to the mid-80's. He advised looking at refiner Tesoro(TSO Quote) at $49 for a buy. Finerman is long TSO and continues to like the name. Najarian added that Bank of America upgraded two refiners, Valero(VLO Quote) and Western Refining(WNR Quote).

(Here's a look at a raw materials portfolio on Stockpickr.com Portfolio 10 Raw Materials.)

Analyst Day Preview

Analyst conferences can move stocks up when positive news is released to investors. A number of conferences are scheduled for next week. Najarian says watch Merck(MRK Quote) on Tuesday, Bristol Meyers(BMY Quote) on Wednesday and Eli Lilly(LLY Quote) on Thursday. He would also keep GMAC(GMA Quote) on the radar screen as a play off of the Bank of America credit conference on Monday. Najarian thinks Eli Lilly is the best upside trade going into next week's conferences.

China Trade

China's stock market has been the hottest market on the planet for the past year. Some market experts think China has gotten ahead of itself. Seymour predicts the next major trend in China will be mergers and acquisitions. Based on this, he likes China Mobile(CHL Quote) and Aluminum Corp. of China(ACH Quote) as long term trades as these firms look to grow through acquisitions. He also recommends that investors look for smaller Chinese energy stocks that could be the next target for PetroChina(PTR Quote). Seymour, Adami and Najarian all think China Mobile is the best idea.