Updated from 6:59 a.m. EDT
The traders of
's "Fast Money" are seasoned stock market players who know how to trade both a bull and a bear market. The gang knows that bear markets, like the one we're in right now, are a land of opportunity if an investor knows how to identify the right stocks and sectors that thrive in tough economic times.
The gang recently highlighted trading ideas that play off bullish charts bucking the downtrend, biotech stocks for a bear market and stocks that were unfairly punished during the market selloff. Here are some highlights from over the past week as aggregated from the show.
: The traders noticed a few stocks that are bucking the bearish trend in the stock market. On Monday's "Fast Money" show, Dan Fitzpatrick told viewers: "The trends in the charts of three companies appear to be bullish."
: The traders think that bear market pessimism is overdone. On Tuesday's "Fast Money" show, Stacey Gilbert, market strategist for Susquehanna, told viewers: "Focus on names that have seen excessive growth in their short positions in a relatively small period of time."
: The traders think a number of stocks were unfairly punished during last week's market selloff. On last Thursday's "Fast Money" show, Pete Najarian told viewers: "When
sold off, I was amazed. I think this stock is trading far too cheaply."
: The traders noticed heavy call and put buying in a number of stocks. On Tuesday's "Fast Money" show, Pete Najarian told viewers: "Keep your eye on
. Options traders are buying September 50 puts."
Research In Motion
: 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 tax service were among the most active names on the
today. Check out
: The traders think the best place to be in a bear market is the biotech sector. On Tuesday's "Fast Money" show Guy Adami told viewers: "
has free reign in Europe now and it has lots of good things going for it."
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;
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