WINDERMERE, Fla. (Stockpickr) -- According to CNBC's "Fast Money" traders, the commodities market is starting to take off, as demonstrated by the strength in oil and gold despite a strong dollar. On Wednesday's "Halftime Report" segment, Joe Terranova told viewers that he's a buyer of gold here. He mentioned that gold looks to be breaking out and that central banks are buying to diversify away from the dollar.
Jon Najarian said if bond yields break above 4% and Greece gets worse, it could push gold up another $70 an ounce. Zach Karabell thinks the strength in gold is a short-term phenomenon. He advised investors that are long gold to make sure they have an exit plan.
On Tuesday's "Fast Money" show, Jon Najarian said he's watching copper, which is trading at a 20-month high. He thinks the strength in copper isn't a fear trade but rather is demand-driven. Terranova recommended playing commodity stocks that provide the bare necessities, such as
The "Fast Money" crew has recently highlighted trading ideas that play off
new iPad product, three bank stocks to buy ahead of earnings and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
: The crew spoke with Richard Bove, an analyst with Rochdale Securities to find out which bank stocks he favors ahead of earnings. On Tuesday's "Fast Money" show, Bove told viewers: "
Goldman Sachs Group
is one of the best companies, if not the best company that I've ever analyzed. I'm committed to owning that stock." The
: The traders see opportunity in finding undervalued stocks in a market that's overextended like this one is. On Monday's "Fast Money" show, Hillary Kramer, the chief market strategist of A&G Capital, told viewers: "I think
is a triple over the next 18 months. And I think in this quarter alone, Dendreon will trade above $50 a share." The
: The traders have noticed some unusual options activity in a number of stocks such as
. On Tuesday's "Halftime Report" segment, Jon Najarian told viewers: "Options in
have already traded 6 times their daily average. To me that signals big investors are looking for more upside." The
International Game Technology
: Recently, oil prices hit their highest level since October 2008. How should you play this trend? On Monday's "Halftime Report" segment, Jon Najarian told viewers: "If oil pushes toward $90 it could hurt consumer stock such as
, clothiers and other companies that rely on disposable consumer income." The
ETFS Physical Palladium Shares ETF
: The traders think that stocks like
will benefit from
new iPad product. On last Thursday's "Fast Money" show,
told viewers: "I see opportunity in
, which I think is a cheap stock, and will be a retailer of iPads." The
: In a new segment called "The Pitch," one trader has 30 seconds to make their case for a stock, or else they get a dial tone. On Tuesday's "Fast Money" show, Gary Kaminsky told viewers: "
Och-Ziff Capital Management Group
is the best way to play the alternative management space. It's got a shareholder friendly corporate structure, it's showing asset growth and it has very high operating leverage." The
-- Written by Roberto Pedone in Windermere, Fla.
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