'Fast Money' Portfolios of the Week

08/07/08 - 12:22 PM EDT

James Altucher

Updated from 7:59 a.m. EDT

The traders of CNBC's "Fast Money" are constantly searching for the next big idea or trend in the markets that has the potential to make their viewers some meaningful profits.

The crew doesn't care if the idea is to go long or to short a stock, and they don't care what industry the opportunity comes out of. The traders have no bias, other than to make their fans the most money possible and keep the show entertaining and educational.

The gang recently highlighted trading ideas that play off of bullish action in the biotech sector, such as Celgene(CELG Quote - Cramer on CELG - Stock Picks); coal and steel stocks, including U.S. Steel(X Quote - Cramer on X - Stock Picks); and bank stocks, such as Barclays(BCS Quote - Cramer on BCS - Stock Picks). Here are some highlights from over the past week as aggregated from the show.

To read the rest of this story, please click here.


A note from James Altucher:

Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap.

Here are some examples:

Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other hedge fund managers on my list.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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