Updated from 10:14 a.m. EDT
The traders of
's "Fast Money" are always one step ahead of Wall Street. The crew knows how to spot market-moving news, unusual options activity or a conference event that can lead to gigantic profits. They don't call the show "Fast Money" for nothing. The crew's trading ideas can produce lighting-fast returns.
The gang recently highlighted trading opportunities that play off the American Society of Clinical Oncology meeting, a potential ethanol phase-out and stocks that will get hurt with high oil prices. Here are some highlights from over the past week as aggregated from the show.
: The traders discussed the stocks that could present market moving data at the American Society of Clinical Oncology meeting this weekend. On Wednesday's "Fast Money" show,
pharmaceuticals reporter Mike Huckman told viewers: "Look for headline-grabbing test results out of
( OSIP) and
: Recently, crude oil surpassed $135 a barrel and the traders discussed which stocks will be the biggest losers. On last Thursday's "Fast Money" show, Pete Najarian told viewers: "The economic downturn is already hurting casinos and high oil as it relates to the airlines is going to be crippling for the industry as people rethink their summer vacations to Vegas."
: The traders think the uptrend in natural gas and coal stocks will continue. On Wednesday's "Fast Money" show, Pete Najarian told viewers: "Natural gas keeps working and keeps going higher."
( MEE) and
: The traders talked about which stocks would benefit if ethanol were to be phased out. On Tuesday's "Fast Money" show, Karen Finerman told viewers: "Look at
because their feed costs should go down."
Clean Energy Fuels
: Donny Deutsch, host of
's "The Big Idea," joined the traders to discuss the spending trends he sees as consumers adjust to high gasoline prices. On Tuesday's "Fast Money" show, Deutsch told viewers: "Consumers are practicing 'staycations.' Instead of traveling, families are finding fun things to do much closer to home."
: The traders know which emerging market offers investors a safety zone from inflation. On Wednesday's "Fast Money" show, Tim Seymour told viewers: "Brazil has two things that allow it to insulate itself from inflation. First, its currency is up 20% year-over-year which gives the economy room to absorb higher prices. Second, they have 'real' rates. I expect companies to continue to do well in this nation."
: In a segment called "Trader Radar," the crew highlights stocks with unusual volume that are lighting up screens across Wall Street. On Wednesday's "Fast Money" show, Dylan Ratigan told viewers: "On the trader radar tonight we're watching
. Shares of this airline were among the most active names on the Nasdaq today. Check out
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
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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;
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