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'Fast Money' Recap: Gold Faceoff

Finerman said it was a very bullish call, adding nothing had change fundamentally at the bank since last night.

Seymour said Citigroup (C - Get Report) might be the better of the two because Citibank has more earnings potential. He said Bank of America will dilute its earnings potential by selling off various assets.

Terranova said he liked Wells Fargo (WFC - Get Report) for its stock buyback and loan growth. He said it is well positioned to take advantage of a refi boom next year if the housing industry rebounds.

Is the market showing signs of a bottom? Jeff Saut, of Raymond James, said today's market looks very much like the declines in October 1978 and 1979 that led to a retesting of lows before a subsequent 13% rally.

Saut said he liked energy names like Energy Partners (EP) and Linn Energy (LINE) as well as rail names like Norfolk Southern (NSC) and Kansas City Southern (KSU) S

In the volatility playbook, Brian Kelly noted that the VIX is still above 35, indicating there is still a lot of fear in the market. He said investors can get some protection on the downside and put that volatility to work through a call spread on the VIX.

Is it time to buy Amazon (AMZN - Get Report) after a 15% drop in the past month? Terranova said he added the stock to his portfolio because he liked its earnings growth.

In the final moves, Seymour liked Tenaris (TS - Get Report). Adami liked CSX (CSX - Get Report) while Finerman liked Macys (M - Get Report).

--Written by David Tong in San Francisco.

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AMZN $671.00 -0.05%
BAC $14.14 -1.60%
C $44.65 -2.00%
CSX $26.16 -1.40%
M $38.68 -2.10%


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