'Fast Money' Portfolios of the Week

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PEWAUKEE, Wis. (TheStreet) -- The traders of CNBC's "Fast Money" are noticing some bullish activity in stocks despite the negative sentiment swirling around Wall Street. On Tuesday's "Fast Money" TV show, Guy Adami told viewers that he's been clearly wrong about the direction of the markets. Adami said the market is defying gravity, and despite the fact that he doesn't trust the move, it seems that stocks want to trade higher.

Joe Terranova mentioned that there's still a large amount of bearish sentiment in the market and that institutional money managers have to put money to work.

As a hedge fund manager, Karen Finerman echoed those thoughts. Finerman said that right now she is bullish on energy and is looking to buy into the sector at lower prices.

Pete Najarian also likes the action in the energy sector. However, he advised investors to buy puts on Freeport McMoRan(FCX Quote) because those options are at the cheapest levels in two years.

The crew has recently highlighted trading ideas that play off of surging oil prices, the top holdings of hedge fund manager David Einhorn and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

David Einhorn's Top Holdings: The traders see opportunity in playing some of the top holdings of hedge fund manager David Einhorn. On last Thursday's "Fast Money" show, Joe Terranova told viewers: "Considering his biggest position is the SPDR S&P 500(SPY Quote) puts, my takeaway is that he doesn't have such a bullish view of the overall market." The David Einhorn's Top Holdings portfolio includes Einstein Noah(BAGL Quote) and Allegheny Energy(AYE Quote).