'Fast Money' Portfolios of the Week
WINDERMERE, Fla. (Stockpickr) -- According to CNBC's "Fast Money" traders, the commodities market is starting to take off, as demonstrated by the strength in oil and gold despite a strong dollar. On Wednesday's "Halftime Report" segment, Joe Terranova told viewers that he's a buyer of gold here. He mentioned that gold looks to be breaking out and that central banks are buying to diversify away from the dollar.
Jon Najarian said if bond yields break above 4% and Greece gets worse, it could push gold up another $70 an ounce. Zach Karabell thinks the strength in gold is a short-term phenomenon. He advised investors that are long gold to make sure they have an exit plan.
On Tuesday's "Fast Money" show, Jon Najarian said he's watching copper, which is trading at a 20-month high. He thinks the strength in copper isn't a fear trade but rather is demand-driven. Terranova recommended playing commodity stocks that provide the bare necessities, such as
Freeport-McMoRan
(FCX) - Get Report
,
Halliburton
(HAL) - Get Report
and
Schlumberger
(SLB) - Get Report
.
The "Fast Money" crew has recently highlighted trading ideas that play off
Apple's
(AAPL) - Get Report
new iPad product, three bank stocks to buy ahead of earnings and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
Bove's 3 Bank Buys Ahead of Earnings
: The crew spoke with Richard Bove, an analyst with Rochdale Securities to find out which bank stocks he favors ahead of earnings. On Tuesday's "Fast Money" show, Bove told viewers: "
Goldman Sachs Group
(GS) - Get Report
is one of the best companies, if not the best company that I've ever analyzed. I'm committed to owning that stock." The
Bove's 3 Bank Buys Ahead of Earnings
portfolio includes
Morgan Stanley
(MS) - Get Report
and
Citigroup
(C) - Get Report
.
Under-Valued Stocks for an Over-Extended Market
: The traders see opportunity in finding undervalued stocks in a market that's overextended like this one is. On Monday's "Fast Money" show, Hillary Kramer, the chief market strategist of A&G Capital, told viewers: "I think
Dendreon
(DNDN)
is a triple over the next 18 months. And I think in this quarter alone, Dendreon will trade above $50 a share." The
Under-Valued Stocks for an Over-Extended Market
portfolio includes
SuperMedia
(SPMD) - Get Report
.
Fast Money's Options Action Trades
: The traders have noticed some unusual options activity in a number of stocks such as
BB&T
(BBT) - Get Report
and
Palm
(PALM)
. On Tuesday's "Halftime Report" segment, Jon Najarian told viewers: "Options in
MBIA
(MBI) - Get Report
have already traded 6 times their daily average. To me that signals big investors are looking for more upside." The
Fast Money's Options Action Trades
portfolio includes
Textron
(TXT) - Get Report
and
International Game Technology
(IGT) - Get Report
.
Fast Money's High Oil Stock Trades
: Recently, oil prices hit their highest level since October 2008. How should you play this trend? On Monday's "Halftime Report" segment, Jon Najarian told viewers: "If oil pushes toward $90 it could hurt consumer stock such as
Starbucks
(SBUX) - Get Report
, clothiers and other companies that rely on disposable consumer income." The
Fast Money's High Oil Stock Trades
portfolio includes
ETFS Physical Palladium Shares ETF
(PALL) - Get Report
and
FedEx
(FDX) - Get Report
.
: The traders think that stocks like
Broadcom
(BRCM)
will benefit from
Apple's
(AAPL) - Get Report
new iPad product. On last Thursday's "Fast Money" show,
told viewers: "I see opportunity in
Best Buy
(BBY) - Get Report
, which I think is a cheap stock, and will be a retailer of iPads." The
portfolio includes
Electronic Arts
(ERTS)
and
JDS Uniphase
(JDSU)
.
: In a new segment called "The Pitch," one trader has 30 seconds to make their case for a stock, or else they get a dial tone. On Tuesday's "Fast Money" show, Gary Kaminsky told viewers: "
Och-Ziff Capital Management Group
(OZM)
is the best way to play the alternative management space. It's got a shareholder friendly corporate structure, it's showing asset growth and it has very high operating leverage." The
portfolio includes
Herbalife
(HLF) - Get Report
and
AK Steel
(AKS) - Get Report
.
-- Written by Roberto Pedone in Windermere, Fla.
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