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'Fast Money' Portfolios of the Week

The 'Fast Money' crew has recently highlighted trading ideas that play off the top bank stocks, the energy sector and more.

By Roberto Pedone

WINDERMERE, Fla. (

Stockpickr

) -- The traders of

CNBC's

"Fast Money" are starting to get less worried about the European debt crisis following some positive comments made by Ben Bernanke. On Wednesday's "Halftime Report" segment, Joe Terranova told viewers he liked hearing Bernanke say European leaders are showing a firm resolve to fight the crisis and restore confidence in their markets. He thinks the Fed will remain "highly attentive" to the problems abroad and their possible impact on the U.S. economy.

Terranova mentioned that this could mean there's a global coordination happening behind closed doors. He recommended playing this with long currency positions in the British Pound, the Aussie dollar and the Canadian dollar.

Jon Najarian thinks the bullish comments from Bernanke should move the

S&P 500

up against 1100 but that then it will most likely selloff. He said the market is probably stuck in a range of 1040 to 1100 through the end of June.

Pete Najarian noted that he's seeing a lot of put-buying in the options pits. However, he thinks that action is just smart market-players buying protection ahead of options expiration next week. Najarian said it's probably bullish if so many people are buying puts.

The "Fast Money" crew has recently highlighted trading ideas that play off the top bank stocks, the energy sector and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

Fast Money's Gaming Energy Trades

: The traders have come up with some smart trades to game the energy sector off the chaos from the

Gulf oil spill

. On Tuesday's "Halftime Report" segment, Collin Gerry told viewers: "Investors need to trade the energy space carefully, but I like the shallow water names. Look at

Rowan

(RDC)

and

Hercules

(HERO)

." The

Fast Money's Gaming Energy Trades

portfolio includes

BP

(BP) - Get Report

and

Suncor Energy

(SU) - Get Report

.

Fast Money's Defensive Stock Plays

: The traders believe defensive stocks such as

CVS Caremark

(CVS) - Get Report

and

Disney

(DIS) - Get Report

could be good places to hide in this treacherous market. On last Friday's "Fast Money" show,

Karen Finerman

told viewers: "In this kind of environment, I'm inclined to stay on the sidelines. However, if I see value I'll buy it. And right now there are a few select names I'm looking at, including

Hewlett-Packard

(HPQ) - Get Report

and

Johnson & Johnson

(JNJ) - Get Report

." The

Fast Money's Defensive Stock Plays

portfolio includes

Best Buy

(BBY) - Get Report

and

IBM

(IBM) - Get Report

.

Fast Money's Options Trades

: The traders have highlighted some options trades and activity in names such as

SPDR Gold Trust ETF

(GLD) - Get Report

and

iShares Lehman 20 Year Treasury Bond ETF

(TLT) - Get Report

. On last Thursday's "Fast Money" show, Pete Najarian told viewers: "I'm noticing a lot more call-buying than put-buying in

US Airways

(LCC)

and

UAL

(UAL) - Get Report

TheStreet Recommends

. I take it to mean options investors are expecting these stocks to go even higher in June and July." The

Fast Money's Options Trades

portfolio includes

Financial Select Sector SPDR

(XLF) - Get Report

and

SPDR S&P 500 ETF

(SPY) - Get Report

.

Fast Money's 3 Key Market Movers

: The traders have identified three key stocks that act as an early warning sign to future market direction. On Monday's "Fast Money" show, Pete Najarian told viewers: "I'm watching

Freeport-McMoRan

(FCX) - Get Report

as my market tell. The stock is trending lower. The global growth trade may be falling apart." The

Fast Money's 3 Key Market Movers

portfolio includes

Goldman Sachs Group

(GS) - Get Report

.

Fast Money's Top Bank Stock Trades

: The crew thinks bank stocks like

Bank of America

(BAC) - Get Report

and

U.S. Bancorp

(USB) - Get Report

could see a relief rally once we get some clarity on financial reform. On Monday's "Fast Money" show,

Karen Finerman

told viewers: "I established a new position in

Citigroup

(C) - Get Report

. It just seems to me the stock is getting clobbered and the selling is probably overdone." The

Fast Money's Top Bank Stock Trades

portfolio includes

Morgan Stanley

(MS) - Get Report

and

MasterCard

(MA) - Get Report

.

Who Owns Bank of America? Eddie Lampert Glenn Greenberg David Dreman

Fast Money's G20 Retail Trades

: Treasury Secretary Tim Geithner recently told his G20 counterparts that the world shouldn't rely on the U.S. consumer. What's the retail trade? On last Friday's "Fast Money" show, Patty Edwards of Storehouse told viewers: "I know the consumer is weak but I like retailers that have strong management teams that are badly beaten down.

J. Crew Group

(JCG)

falls into that category as well as

Apple

(AAPL) - Get Report

." The

Fast Money's G20 Retail Trades

portfolio includes

Abercrombie & Fitch

(ANF) - Get Report

and

Target

(TGT) - Get Report

.

-- Written by Roberto Pedone in Winderemere, Fla.

RELATED LINKS:

>>Nat Gas Buys Off the BP Oil Spill

>>Charts of the Day: Pfizer, Disney

>>5 Solid Growth Plays for June

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