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

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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,680.09 -200.27 -1.19%
S&P 500 1,945.04 -25.03 -1.27%
NASDAQ 4,391.4610 -71.4410 -1.60%

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