'Fast Money' Portfolios of the Week
Not a Stockpickr member? Join the community today -- for free.
By Roberto Pedone
PEWAUKEE, Wis. (
) -- The traders of
CNBC's
"Fast Money" are split as to which way they think the market will move in the near future. On Tuesday's "Fast Money" TV show, Pete Najarian told viewers that a large number of put options are trading. He said the market will continue higher because there's just too much protection in place for the bears to gain any ground.
Guy Adami continues to express a bearish view of the current market rally. He said investors should enjoy the ride while it lasts because it never does. Joe Terranova said the market is overbought but that that doesn't mean stocks will pull back. He thinks there's a possibility of a "super spike" through the end of the year in the
S&P 500
to 1100.
Host Melissa Lee pointed out that the market is starting to get some leadership from high-quality financial stocks such as
Goldman Sachs Group
(GS) - Get Report
and
Morgan Stanley
(MS) - Get Report
.
On Wednesday's "Halftime Report" segment, Jared Levy of Peak6 warned investors that if the
S&P 500
fails to hold 1059, which marks the 10-day moving average, it could sell off significantly.
The crew has recently highlighted trading ideas that play off of potential takeover targets for
Dell
(DELL) - Get Report
, missile defense plays and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
: The traders have noticed some unusual options activity in a number of stocks. On Monday's "Halftime Report" segment, Jon Najarian told viewers: "I'm seeing a lot of options activity in
General Electric
(GE) - Get Report
. I'm also seeing it in
American International Group
(AIG) - Get Report
." The
portfolio includes
RealNetworks
(RNWK) - Get Report
and
Palm
(PALM)
.
Potential Dell Takeover Targets
: With over $11 billion in cash on the balance sheet,
Dell
(DELL) - Get Report
is looking to beef up its enterprise business. Which stocks could be takeover targets? On Monday's "Fast Money" show, Bernstein analyst Toni Sacconaghi told viewers: "I think Dell wants to move into software and other higher-margin hardware categories such as storage." The
Potential Dell Takeover Targets
portfolio includes
Salesforece.com
(CRM) - Get Report
and
CommVault
(CVLT) - Get Report
.
Fast Money's Bank Stock Trades
: The banking sector is starting to show signs of leadership. How should you play it? On Tuesday's "Fast Money" show, Joe Terranvoa told viewers: "I'm watching
Wells Fargo
(WFC) - Get Report
. I think it breaks above $30." The
Fast Money's Bank Stock Trades
portfolio includes
CME Group
(CME) - Get Report
and
Bank of America
(BAC) - Get Report
.
Fast Money's Missile Defense Trades
: President Obama scrapped the Bush-era missile defense plan for Europe and instead has moved his focus toward defending against Iran's short- and medium-term missiles. What's the trade? On last Thursday's "Fast Money" show, Tim Seymour told viewers: "I'd look at Russia. If Obama's move improves our relations with Russia, it should benefit stocks in that region." The
Fast Money's Missile Defense Trades
portfolio includes
Mobile TeleSystems
(MBT) - Get Report
and
Mechel
(MTL) - Get Report
.
: Is now the time to get into the natural gas sector? On last Friday's "Fast Money" show, Joe Terranova told viewers: "I think a lot of speculators are moving out of oil and into nat gas. As far as I can tell, there's no trade in oil." The
portfolio includes
United States Natural Gas Fund
(UNG) - Get Report
and
Chesapeake Energy
(CHK) - Get Report
.
Fast Money's Retail Stock Trades
: Citigroup upgraded
Macy's
(M) - Get Report
to buy from hold, citing increased confidence in the company's top-line and margin potential. What's the trade? On Tuesday's "Fast Money" show, Guy Adami told viewers: "For me, the trade is short
Abercrombie & Fitch
(ANF) - Get Report
. Those valuations don't make sense." The
Fast Money's Retail Stock Trades
portfolio includes
Amazon.com
(AMZN) - Get Report
and
TJX
(TJX) - Get Report
.
-- Written by Roberto Pedone in Pewaukee, Wis..
Register for Stockpickr today!
Stockpickr is a wholly owned subsidiary of TheStreet.com.
Roberto Pedone, based out of Pewaukee, Wis., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also na outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
