This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Portfolios of the Week

Stocks in this article: FCX RIO AAPL

Updated from 8:11 a.m. EST

The traders of CNBC's "Fast Money" believe that President Obama's budget plan is the reason that stocks in the U.S. have been dropping precipitously. Since Obama issued his budget plans last Thursday, the S&P 500 has dropped 8.4%. The president's budget proposal will swell the budget deficit to $1.8 trillion and expand the debt-to-GDP ratio to around 60%, the highest level since the 1950s.

The panel is also worried that Obama is spinning the facts after he came out and said that valuations of stocks are attractive. At a press conference on Tuesday, Obama said that "buying stocks is a potentially good deal if you've got a long-term perspective on it." The crew questioned how Obama could possibly value stocks.

Despite the perceived notion on Wall Street that Obama is bad for stocks, the crew is starting to find reason to take the other side of the trade and fade the pessimists. Some of those reasons include cheap valuations, a market trading on things that aren't fundamentals and the large amounts of cash on the sidelines.

The gang recently highlighted trading ideas that play off of precious metals stocks, retail value stocks and unusual options activity. Here are some highlights from over the past week as aggregated from the show, including takes on Freeport McMoRan (FCX) and Genentech (DNA).

To read more, visit Stockpickr.com.

Who's on Stockpickr Answers next? David Peltier will be on Stockpickr Answers on Friday, Mar. 6 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.

Stockpickr is a wholly owned subsidiary of TheStreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs