'Fast Money' Portfolios of the Week

The 'Fast Money' crew has recently highlighted trading ideas that play off the tech sector, the biotech sector and more.
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By Roberto Pedone

WINDERMERE, Fla. (

Stockpickr

) -- The traders of

CNBC's

"Fast Money" think that

Apple

(AAPL) - Get Report

has a lot of upside from current levels, following a call from a

JPMorgan Chase

(JPM) - Get Report

analyst. The JPM analyst slapped a $400 price target on Apple following the company's earnings release, saying that the stock trades like a value stock and not like a high-growth story.

On Wednesday's "Halftime Report" segment, Patty Edwards told viewers that she owns Apple and will continue to hold it. However, she thinks the $400 target is a bit ambitious.

Jon Najarian said he thinks Apple can hit $400, but that won't happen for another two years. He explained that the call is all about grabbing headlines, and $325 is a more realistic price target.

Brian Kelly mentioned that if Apple can capture new business in the enterprise market then the stock can move up to $400. But it will need a catalyst of that magnitude.

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

Fast Money's Earnings-Report Watch List

: The crew highlighted a number of companies, including

Starbucks

(SBUX) - Get Report

, that they'll be watching ahead of their earnings reports. On Wednesday's "Fast Money" show, Jon Najarian told viewers: "I will be watching

Netflix

(NFLX) - Get Report

, which reports quarterly earnings after the closing bell on Wednesday. It will be interesting to see what it does in after-hours trading, because after the last earnings report, the stock moved monstrously. I like the stock and I do think they continue to outperform." The

Fast Money's Earnings-Report Watch List

portfolio includes

Amazon.com

(AMZN) - Get Report

and

Caterpillar

(CAT) - Get Report

.

Fast Money's Tech Opportunities

: Shares of Apple traded up in extended hours on Tuesday after the company reported a strong earnings result. How should you play the tech sector now? On Tuesday's "Fast Money" show, Pete Najarian told viewers: "I'm watching the action in

Altera

(ALTR) - Get Report

. They feed into Apple and they're doing well. In the Apple universe, I find there's strength in the related names as well." The

Fast Money's Tech Opportunities

portfolio includes

Qualcomm

(QCOM) - Get Report

and

Best Buy

(BBY) - Get Report

.

Fast Money's Overlooked Biotech Stocks

: The traders think that investors are missing out on some great opportunities in the biotech sector because they're too concerned with the overall market volatility. On last Wednesday's "Fast Money" show, ISI analyst Mark Schoenbaum told viewers: "

Amylin Pharmaceuticals

(AMLN)

could go over $20 if their new diabetes drug is approved." The

Fast Money's Overlooked Biotech Stocks

portfolio includes

Human Genome Sciences

(HGSI)

and

Genzyme

(GENZ)

.

Fast Money's Options Action

: The traders highlighted some options trades and unusual options activity in stocks like

Joy Global

(JOYG)

and

Anadarko Petroleum

(APC) - Get Report

. On Wednesday's "Halftime Report" segment, Jon Najarian told viewers: "Keep an eye on

Biogen Idec

(BIIB) - Get Report

. Options activity is picking up and there are rumors that

Sanofi-Aventis

(SNY) - Get Report

is looking at BIIB." The

Fast Money's Options Action

portfolio includes

Western Digital

(WDC) - Get Report

and Apple

(AAPL) - Get Report

.

Fast Money's Tech Barometer Stocks

: The traders put together a list of stocks that are the best and worst names to follow as tech barometers. The list included names such as

Google

(GOOG) - Get Report

and

Microsoft

(MSFT) - Get Report

. On Tuesday's "Fast Money" show, Dennis Kneale told viewers: "

Texas Instruments

(TXN) - Get Report

and

IBM

(IBM) - Get Report

are solid indicators of the tech industry. IBM is a corporate customer computer maker and if they have a disappointing top line you have to worry about how businesses are feeling." The

Fast Money's Tech Barometer Stocks

portfolio includes Apple and

Yahoo!

(YHOO)

.

Fast Money's BP-Asset-Sale Trades

: The traders see opportunity in the oil sector following the news that

BP

(BP) - Get Report

plans to sell several major assets to

Apache

(APA) - Get Report

for $7 billion. On Tuesday's "Fast Money" show, Joe Terranova told viewers: "I think it's a phenomenal deal. Apache will come under pressure in the short-term, but I'm still bullish. I'd buy a third of a new position on the close over the next three days. I expect you'll be rewarded long term. Elsewhere in the space I like

ConocoPhilips

(COP) - Get Report

." The

Fast Money's BP-Asset-Sale Trades

portfolio includes

Weatherford

(WFT) - Get Report

Chevron

(CVX) - Get Report

.

-- Written by Roberto Pedone in Winderemere, Fla.

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>>Earnings-Season Short-Squeeze Opportunities

>>Charts of the Week: Cummins, Dr Pepper

>>Must-See Charts: Bank of America, Cisco

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