Updated from 7:03 a.m. EDT
The traders of
"Fast Money" know exactly how to extrapolate the important data from Wall Street's daily news flow. The crew takes great pride in cutting through the market noise to find profit ideas.
The gang recently highlighted trading ideas that play off of stock fundamentals, hedge fund favorites and the booming hybrid car market. Here are some highlights from over the past week as aggregated from the show.
: Some major hedge funds are loading up on shares in a few firms in which they see tremendous value. On
, Pete Najarian told viewers, "
Thermo Fisher Scientific
is a great stock because it's consistent and predictable but still manages to deliver growth, which is precisely why the hedge funds are buying it."
: The "Fast Money" traders noticed some unusual options activity in a few key stocks that could be suggesting a takeover is in the cards. On Monday's "Fast Money" show, Pete Najarian told viewers, "The options action in
suggests to me that this stock could go higher."
: Hybrid sales in the U.S. surged 44% last year and accounted for 11% of domestic new car sales. On Tuesday's "Fast Money" show, Pete Najarian told viewers, "
plan to profit from the trend by introducing battery-run versions of the Chevy Volt and Toyota Prius by 2010."
Energy Conversion Devices
( ENER) and
: Is now the time to get long momentum stocks, or should market players focus on fundamentals? On last Friday's "Fast Money" show, Karen Finerman told viewers, "I think the market is getting a little carried away. I have no idea where the market is going short term and I try not to focus on it."
: The Russian oil market is booming. The country is producing 10 million barrels a day and exporting 70% of that crude and product. On
Tuesday's "Fast Money" show
, Tim Seymour told viewers, "If you're looking for more trades, take a look at
Market Vectors Russia ETF
: Natural gas demand continues to surge, and the "Fast Money" traders know just how to play it. On last Monday's "Fast Money" show, Pete Najarian told viewers: "Natural gas has another energy superhero besides me behind it. I'm talking about Boone Pickens. He was called crazy for saying oil was going to $100, but now he believes natural gas is the future."
( BJS) and
: In a segment called "Trader Radar," the crew highlights stocks with unusual volume that are lighting up screens across Wall Street. On Monday's "Fast Money" show, Dylan Ratigan told viewers: "On the trader radar tonight we're watching
. Shares of this underwear company were among the most active on the NYSE today."
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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