'Fast Money' Portfolios of the Week

Here's what the crew's been talking about lately.
Author:
Publish date:

Updated from 10 a.m. EDT

The traders of

CNBC's

"Fast Money" have been amazed and shocked at the rapid decline in the U.S. stock market this week. Despite the carnage on Wall Street, the gang is currently hunting for the next big trend that will arise out of the massive selloff. The crew knows that at times like these, it pays to be in the right sectors and out of the wrong ones. The traders also know that when the time is right, it will pay big to be the contrarian on the street and go against the crowd and prevailing investor sentiment.

The crew will surely be prepared to spot the bottom in the stock market once it occurs. Don't be left guessing when it might happen. Tune in to the show and be one step ahead of the street.

The gang recently highlighted trading ideas that play off value stock picks, such as

Apple

(AAPL) - Get Report

; bank stocks, such as

Bank of America

(BAC) - Get Report

; and stock picks for a low-return environment, including

Johnson & Johnson

(JNJ) - Get Report

. Here are some highlights from over the past week as aggregated from the show.

To read more,

visit Stockpickr.com

.

At the time of publication, Altucher and/or his fund was long Mastercard and Bank of America, although positions may change at any time.

James Altucher is president of

Stockpickr

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

Financial Times

and the author of

Trade Like a Hedge Fund

,

Trade Like Warren Buffett

and

SuperCa$h

. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

click here

to send him an email.

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