By Roberto Pedone
WINDERMERE, Fla. (
) -- The traders of
"Fast Money" think that market players should get into
Goldman Sachs Group
ahead of the company's potential spinoff of its proprietary trading business. On Wednesday's "Halftime Report" segment, Jon Najarian told viewers that the spinoff is a good reason to buy the stock and that he likes the idea.
Joe Terranova said he's bullish on Goldman because the move allows the firm to keep intellectual capital and not have any restrictions on the business its best at. He also likes the stock from a technical perspective, and he thinks it's
. Terranova told investors to get into Goldman at current levels.
Zach Karabell cautioned investors from buying the stock in the high 150s, but he did say the stock is fine.
Brain Kelly mentioned that Goldman has already had a huge run, and he doesn't think the spinoff is a reason to get long the name right now. However, he said that if you're bullish on the financial sector, then a long position in Goldman makes sense.
The "Fast Money" crew has recently highlighted trading ideas that play off a slowdown in China, their best stock trades into the year end and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
: Recently, the traders highlighted some of their top trading ideas for the second half of 2010. Some of the names mentioned were
. In a special report on
, Pete Najarian told viewers: "I'm bullish on
. I love the growth -- they're growing around the globe especially in Asia. Also, they manage themselves so well they typically profit in both the tough times and the good times." The
: The traders highlighted some options trades and unusual options activity in stocks such as
. On Wednesday's "Halftime Report" segment, Jon Najarian told viewers: "A large volume of calls traded in
. That action suggests to me that positive catalysts may boost both companies." The
Research In Motion
SPDR S&P 500 ETF
: The traders spoke with David Riedel of Riedel Research, who thinks China is experiencing a slowdown, not a meltdown. On Monday's "Fast Money" show, Riedel told viewers: "I prefer consumer-oriented names, like
New Oriental Education & Technology
China Mobile Limited
. The government seems to be driving the economy towards the consumer, so position your portfolio accordingly." The
Aluminum Corp. of China
: The crew has spotted earnings trade opportunities in stocks such as
. On Monday's "Fast Money" show, Joe Terranova told viewers: "I think money rotates out of
and into Pfizer." The
: The crew sees opportunity in the oil complex off of a report that showed a higher than expected fall in crude stocks. On Tuesday's "Halftime Report" segment, Brian Kelly told viewers: "The higher oil goes the better the chance that the driller moratorium is cut short. I'd be long the
Oil Service HOLDRs ETF
: The traders want market players to put media stocks on their radar with earnings coming this week from
. On Wednesday's "Halftime Report" segment, Jon Najarian told viewers: "I'd play the space with
Interpublic Group of Companies
as beneficiaries of ad spending ahead of the mid-term elections." The
Follow Stockpickr on
and become a fan on
Stockpickr is a wholly owned subsidiary of TheStreet.com.