The crew on CNBC's "Fast Money" TV show said the market took a breather Thursday, with the major averages ending the day essentially flat.
Does that mean the recent downtrend is over? Carter Worth, chief market technician at Oppenheimer joined tonight's panel -- he said the range in the market is set for the year. Jeff Macke said banks going to the
discount window isn't a sign of financial health.
But Pete Najarian said the market's swagger is back, citing the current chatter of takeovers. He said the volatility coming out of the broad markets is moving into the commodity sector.
Guy Adami said
is up because Atticus Capital raised its stake by 17%. Worth said the commodity sector led the market on the way up, and he's a buyer of the sector. Macke believes these stocks are crowded and overvalued. (
RealMoney Take: Jim Cramer said recently, "The mineral stocks reported some huge numbers -- BHP and Rio Tinto. Can CVRD and Freeport-McMoRan be far behind? I don't think so." To read more on what Cramer said,
posted a strong profit and announced a $1.5 billion buyback. Macke said to sell it, while Worth said the chart for another retailer,
is forecasting a move higher.
Worth said market divergences are telling him to buy gold stocks and short the actual metal. His picks in the gold stock sector were
Chinese toy concerned continued with the recall of
Thomas The Tank Engine
merchandise. Macke said now is not a great time of the year to be recalling America's favorite toys. He believes
is either a screaming buy here or the problems will spread and make for a bearish Christmas - he's leaning towards the latter. Najarian is worried about dog-treat problems at
with the Food and Drug Administration now stepping in.
announced a new ad campaign that will feature Donald Trump and Martha Stewart. Macke said the company is trying to create a perception of high class and he wonders if it will work. He compared the idea to
selling meat pitched by Donald Trump.
Is The Bottom Here?
has begun to move higher after recently reaching four-month lows. Does the recent violent drop mark the bottom, or are we just resting before the next big slide down? Worth believes if the market doesn't retest lows right away then it becomes less likely that it will.
Adami believes the next 500 points on the Dow are up. Najarian believes the market will trade in a range for a while and retest the lows one more time. Macke sees the market is going lower.
Time To Buy Energy
The recent correction in the market took every sector lower. Energy stocks caught the brunt of the correction as hedge funds sold these winners to raise capital. But is it time to get back into the sector?
Adami doesn't believe the global demand story is over and he'd buy
near $80 and
Najarian likes the service sector and his picks are
. Worth mentioned that the energy sector hasn't bounced yet, but he believes it will happen soon.
(RealMoney Take: Jim Cramer recently said, "What's amazing about today's turn is that it was led by the financials (which are still down but not as much) and the ever-loved oils and oil-service plays like Schlumberger, ExxonMobil, and ConocoPhillips, which have a real hard time staying down, even for a session." To read more on what Cramer said,
New England Journal of Medicine
study was published Thursday that showed adults in their 70s and 80s are having more sex then previously thought. What's the trade? Najarian would be a buyer of
, maker of Cialis,
, maker of Viagra and
m maker of Invitra.
Najarian likes Eli Lilly the best of the three.
Face 2 Face
Brazil's economy has been on fire lately due to high demand for natural resources. The country also has been straightening out its financial situation by lowering debt, controlling inflation and strengthening its currency. Brazilian stocks fell sharply in early August, so is now the time to buy this hot country via the
iShares MSCI Brazil Index
? Adami said buy it, while Worth said trade it for a bounce. Najarian is cautions, because he sees lots of put options buying. Macke says sell.
Pops & Drops
traded up 9% after the gamemaker beat analyst estimates. Najarian said video games are on fire. (RealMoney Take: Michael Comeau recently said, "The lesson? Don't extrapolate what's happening at
to the rest of the retail world, because some merchants sell stuff that people are still buying, and others offer a good shopping experience. GameStop does both." To read more on what Comeau said,
popped 6% after beating estimates. Macke said don't go fishing for a bottom here -- this is a sell.
traded up 5% after winning a contract with
. Worth said stay away -- the Microsoft deal means nothing.
traded up 4% after raising commissions. (RealMoney Take: Dick Arms recently said, "The decline in Sotheby's has already gone quite far, but it looks as though it has further to go." To read more on what Arms said,
popped up 4% after reporting a bullish earnings forecast. Worth said the chart is "fantastic."
traded up 2%. Najarian said stay away -- Amgen has "issues."
popped 8% after beating analyst estimates. Macke said to stay long this stock.
fell 9% after reporting a disappointing forecast.
fell 5% on a bearish earnings forecast -- Najarian said this stock is "terrible."
dropped 17% on a big earnings miss -- Macke said sell this stock.
dropped 2% on profit-taking. Najarian said forget about this one -- the stock is up 300% on the year. (RealMoney Take: Rev Shark recently said, "There are no good entry points today, and if you chased things like Research In Motion or Crocs, you are down on the day." To read more on what Rev Shark said,
. Adami recommends buying
. Macke says play the game trend with
. Worth said get short
(RealMoney Take: Michael Comeau said recently, "My top buys: Breakout Stocks pick Activision." To read more on what Comeau said,
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