The Dow had its best one-day performance on Tuesday for the month of September by rocketing up 180 points. With the Dow now only off 5% from record levels, the team at CNBC's "Fast Money" looks for the best trade.

Tech stocks persist in outperforming the markets. Pete Najarian says global growth is the reason and likes

SAP

(SAP) - Get Report

. Jeff Macke likes the tech stocks for capital expenditures and the consumer. Guy Adami still loves

Hewlett-Packard

(HPQ) - Get Report

and he thinks

Dell

(DELL) - Get Report

has a $30 handle.

All for Oil

Oil traded up 1% as OPEC raised production less than expected. Macke says OPEC doesn't matter anymore and they basically cheat. Karen Finerman wonders if the peak oil theory will become relevant, but until it does she thinks demand for oil will increase.

Najarian says the oil service sector keeps working and he likes

Baker Hughes

(BHI)

,

Schlumberger

(SLB) - Get Report

,

Halliburton

(HAL) - Get Report

,

National-Oilwell Varco

(NOV) - Get Report

and

BJ Services

( BJS), which he owns.

Word on the Street

McDonald's

(MCD) - Get Report

traded higher after reporting blowout August same-store sales. The team seemed to all agree that MCD was a positive play. Macke likes McDonald's off the weak dollar and he recommends owning it now. Adami likes that MCD beat North American comps and Najarian likes that they had strong numbers in Asia. Finerman reiterates that the MCD numbers were strong on every front.

Financial stocks were some of the strongest performers on Tuesday led by

Lehman Brothers

( LEH). The crew continues their almost daily discussion of

Goldman Sachs

(GS) - Get Report

.

Macke says Goldman Sachs closed the day down slightly and feels the market rally wasn't really led by financials. Najarian is the contrarian and thinks GS will report a monster earnings number. However, Finerman thinks that GS will not report a record earnings number.

Macke sees GS as a sell until it breaks $190, which is its resistance level. (

RealMoney

Take: Jim Cramer said recently, "The Goldman rally is the strangest. It's almost as if Goldman was just long volatility in a levered way. That would be something!" To read more on what Cramer said,

click here.)

Texas Instruments

(TXN) - Get Report

fell after hours on lighter-than-expected revenue. But Adami likes TXN and thinks it's a long-term bull story.

Masco

( ASD) fell after a Merrill Lynch downgrade. Adami thinks that Merrill is late to the party and you can own Masco down here. He feels most of the bad news is in the stock. Finerman prefers

American Standard

( ASD).

Najarian highlighted unusual call options activity on

St. Jude

(STJ)

. Najarian says he is seeing monster options activity for the September $50 calls with over 14,000 contracts trading hands Tuesday. He feels that someone is placing a bet that the company is going to be acquired.

Drug Trade

Big Pharma and Biotech continue to see positive news flow. The Fast Money crew maintains that investors should buy these stocks into the end of the year.

CNBC's

Pharmaceutical Reporter Mick Huckman joined the show to discuss the drug stocks. Huckman says

Amgen

(AMGN) - Get Report

cleared a major hurdle after the FDA rejected new restrictions on the firm's Anemia drugs, which are sold as Epogen and Aranesp.

Finerman says the Amgen news was bullish for

Davita

(DVA) - Get Report

. (

RealMoney

Take: Steven Smith recently said, "The most active strike was the September $55 calls for Amgen with 8,000 contracts traded, nearly 6,000 of that volume occurring in the last hour of trading. But overall put volume outpaced call volume by about 30,000 to 19,000 contracts." To read more on what Smith said,

click here.)

Arena

(ARNA) - Get Report

reported on Tuesday that its obesity drug doesn't appear to cause Fen-Phen-like heart damage. Najarian says the market overreacted to good news on ARNA and traders should sell the rally.

Sepracor

( SEPR) shares traded higher after news that the firm plans to use

GlaxoSmithKline

(GSK) - Get Report

to market Lunesta abroad. Adami says he loves GSK and the news is bullish for SEPR.

Wireless World Play

Information that people exchange on cell phones is growing by leaps and bounds. Morgan Stanley says wireless data revenue will triple over the next five years. How can investors profit from this? Najarian says the growth is coming from data. He is bullish on

Juniper

(JNPR) - Get Report

,

Cisco

(CSCO) - Get Report

,

Nokia

(NOK) - Get Report

,

Ericsson

(ERIC) - Get Report

,

American Tower

(AMT) - Get Report

and

Crown Castle

(CCI) - Get Report

.

He also likes

Research In Motion

( RIMM). (

RealMoney

Take: Alan Farley recently said, "Research In Motion ran to a new high just two days after the Aug. 16 reversal. It peaked out above $84 the following week, pulled back and then posted another high. It has now rolled over with the broad market, but it continues to show a bullish pattern that favors a continuation of the persistent uptrend." To read more on what Farley said,

click here.)

Finerman would play the data trend with

Fiber Tower

( FTWR) and

Comverse Technology

( CMVT).

Macke says

Synchronoss

(SNCR) - Get Report

is going higher and the stock is a play on booting up your cell phone from anywhere. Adami says

China Mobile

(CHL) - Get Report

still has room on the upside.

Recession Trade

According to Goldman Sachs strategist David Kostin, a recession is in the cards for the U.S. Kostin recommends buying consumer staples and health care stocks if you want to play the market from a defensive standpoint. Adami and Finerman seem to agree with Goldman's advice. Adami says

Unilever

(UL) - Get Report

could move higher and Finerman chooses

Kraft

( KFT).

Face2Face

The crew answers viewer mail and responds to Greg from Connecticut who writes, "My friend is about to sell the farm to buy the mansion on

Tenet Healthcare

(THC) - Get Report

. Any words of advice?" Najarian says forget Tenet and buy either

United Healthcare

(UNH) - Get Report

or

Wellpoint

(WLP)

.

Pops & Drops

Pops:

Nabi Biopharmaceuticals

(NABI)

exploded up 20% after the firm sold its Biologics division, but Najarian says don't look for any more.

Blackstone

(BX) - Get Report

traded up 5% after hitting a new low on Monday. Finerman says BX is good to own.

IHOP

( IHP) traded up 5% after Fidelity Investments disclosed a 13% stake in the company. Finerman is bullish on the stock.

General Motors

(GM) - Get Report

traded up 5%. Adami says the CEO figured it out.

Las Vegas Sands

(LVS) - Get Report

traded up 8%. Finerman says she likes the gaming stocks.

Option Express

( OXPS) popped 3%. Najarian says Bank of America raised all the online brokers and that is good for OXPS.

American Eagle

(AEO) - Get Report

popped 9% after an insider bought a large chunk of stock. Macke says he would take some off here and he doesn't like the group long or short. (

RealMoney

Take: Jim Cramer said recently, "Can retail be next? Yes, if there is insider buying like the execs from American Eagle, oh, and if you want to know how to make your stock stop going down, take a look at those executive purchases!!" To read more on what Cramer said,

click here.)

Drops:

Countrywide Financial

( CFC) traded down 2% after news that the company is looking for a second billion-dollar infusion. Macke says get out!

King Pharmaceuticals

( KG) dropped 7% after news that generic drugs can compete with the firm's blood pressure drug Altace. Najarian thinks the upside is done.

Final Trade

The crew signs off with their final words of trading wisdom.

  • Macke likes Dick's Sporting Goods (DKS) - Get Report and Under Armour (UA) - Get Report.
  • Adami recommends GlaxoSmithKline (GSK) - Get Report at $54.
  • Finerman says buy American Standard( ASD).

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