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TheStreet Open House

'Fast Money' Recap: Playing the Commodities

NEW YORK ( TheStreet) -- The markets closed lower on Friday, snapping a six-week win streak.

On CNBC's "Fast Money" TV show, Guy Adami said that Iron Mountain (IRM) could be worth a look after it held its lows from 2012, despite the IRS scrutinizing the company's REIT eligibility.

Brian Kelly said he isn't the biggest fan of Alcoa (AA), but the chart is setting up nicely and the news of Russia looking to stockpile aluminum bodes well for the company.

Walter Energy (WLT) and Cliffs Natural Resources (CLF) are breaking out, according to Tim Seymour. He said that if iron ore goes higher, so will these two stocks.

Josh Brown said there is a fundamental shift towards global growth, and international PMI data seems to confirm that. He thinks the Vanguard Materials ETF (VAW) is the best way to play, as long as the market doesn't give out.

Kelly said to go with the gold miners, since a bottom may be in the for the yellow metal. He added that traders could look to the Market Vectors Gold Miners ETF (GDX) or to the SPDR Gold Trust ETF (GLD) to play a rise in gold prices.

American Eagle Outfitters (AEO) was the first stock on the show's "Pop & Drops" segment, which was down 16% for the week. Adami said traders could look to take the long side with a very tight stop.

Potash (POT) was up 4% on the week and Seymour said the stock will continue to go higher.

Brown said First Solar (FSLR) has finally given investors a pullback to buy, after an okay quarter.

Sony (SNE) was down 7% for the week and Kelly said to avoid it because the Japanese stock market looks like it has more downside ahead.

Cisco Systems (CSCO) reports earnings Wednesday. Seymour said the Street will be expecting an increase to the dividend and strong sales. He added that the company had two good quarters in a row, but has seen resistance at $27.

Adami said buyers could look to get into BlackBerry (BBRY) to squeeze the shorts, but the stock never seems to find a true bottom. (PCLN) popped after beating on top- and bottom-line earnings estimates. Brown said the stock will probably hit $1,000 per share soon, but he prefers Google (GOOG).

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