'Fast Money' Recap: How Crude

The traders turned the talk toward the financial sector. Finerman said Lehman Brothers(LEH Quote) traded up today after reports surfaced that the company is in talks with HSBC(HSBC Quote). She told viewers to stay away from the stock here. Adami went with USB(USB Quote) in the financial sector.

Joe Terranova joined the crew to discuss the best way to trade crude oil with the weekly inventory report due out Thursday. Terranova said the important thing to look for in this week's inventory numbers, is if you continue to see declines in reformulated gasoline. He said the refiners are moving higher because supplies and inventory are moving lower. Terranova feels that OPEC is most likely going to defend oil at $100. He thinks the better play is remaining on the sidelines, remain a buyer and don't short crude at current levels.

Jon Najarian joined the traders to discuss the global growth trade. He said at this level he likes Nokia(NOK Quote), with the stock down 30% on the year. He favors the stock on a value basis and for a play on wireless in India and China. He explained that Nokia has a large market share in India of 55%. He also thinks the new Nokia products on the high end are competing with products from Research In Motion and Apple.

Pete Najarian added that Nokia is getting into the smartphone handset market in North America aggressively. He said the stock will be up big in three to six months. Jon Najarian also recommended Yum! Brands(YUM Quote) for a play on China.

The traders moved the discussion to companies that are making big transformations with their business models. Macke said Whole Foods Market(WFMI Quote) and Starbucks(SBUX Quote) are making big mistakes with the changes to their business models. He said avoid both stocks.

Finerman offered up three stocks that have come up with successful transformations. She said Intel(INTC Quote) did a good job in the early '80s from switching from a memory to a chip firm. Another one is Bank of New York Mellon(BK Quote), which shifted from being a bank to a fee and transaction company.