'Fast Money' Portfolios of the Week

Stock quotes in this article: INTC , KR , AMTD , NITE , GS , AMGN , RIMM  

Updated from 7:02 a.m. EDT

The financial markets are in turmoil! This week, investors have seen the collapse in share prices for Lehman Brothers(LEH Quote) and AIG(AIG Quote) and a sharp one-day drop of more than 500 points in the Dow. Despite the market chaos, the traders of CNBC's "Fast Money" have been prepared and have offered up timely advice to their viewers.

The gang has been all over the collapse in the financial stocks. On numerous occasions, the traders advised viewers to stay clear of the sector or even to bet against some of the names that have now plunged to single-digit levels. No matter which way the stock market is trending, the gang is experienced enough to know how to play it.

The gang recently highlighted trading ideas that play off forced hedge fund selling, such as Fortress(FIG Quote); unfairly punished stocks, including Amgen(AMGN Quote); and the financial winners, including Goldman Sachs(GS Quote). Here are some highlights from over the past week as aggregated from the show.

To find out what the crew's been recommending, please click here.

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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.

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