NEW YORK (

TheStreet

) -- The markets were flat Wednesday as the events in Cairo took a bloody turn.

The Dow Jones Industrial Average

rose 1.81, or 0.02%, to 12,040.16. The

S&P 500

fell 3.56, or 0.27%, to 1,304.03. The

Nasdaq

dropped 1.03, or 0.04%, to 2,750.16.

Brian Kelly said on

CNBC

's "Fast Money" TV show said sugar and grains were on fire, fueled by the inflation trade and a large cyclone in Australia that affected the sugar crop.

He recommended two ETFs --

PowerShares DB Agriculture Fund

(DBA) - Get Invesco DB Agriculture Fund Report

and

iPath DJ-AIG Grains Fund

(JJG) - Get iPath Series B Bloomberg Grains Subindex Total Return ETN Report

-- and a play on

Monsanto

(MON)

on the supply side.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

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Steve Cortes, taking the contrarian view, said the action in gold and crude indicated there wasn't a broad-based inflationary scare as the high price of soft commodities would suggest.

Karen Finerman expressed concerns about high commodity costs on companies like

Kraft Foods

( KFT).

Joe Terranova said he would get exposure in this area with stocks like

Bunge

(BG) - Get Bunge Limited Report

,

CF Industries

(CF) - Get CF Industries Holdings, Inc. Report

and even

Green Mountain Coffee Roasters

(GMCR)

.

Crude took a breather today, but Terranova said he would stay in the oil service, refining and integrated names. Finerman said she especially liked

Canadian Oil Sands

(COSWF)

for its turbocharged earnings and lower geopolitical risk.

Cortes said it's bad news for crude when auto stocks like

Ford

(F) - Get Ford Motor Company Report

are trading lower.

As a derivative trade, Kelly said he would look at the solar names such as

Yingli Green Energy Holding

(YGE)

, which he is long.

Shifting to copper, which cooled off a little today, Kelly discussed getting into aluminum as a replacement for copper. He said that will happen when the price of copper is three times that of aluminum. One way to play aluminum is with

Alcoa

(AA) - Get Alcoa Corp. Report

, he said.

Melissa Lee, the moderator of the show, asked the panel to comment on

Verizon

's

(VZ) - Get Verizon Communications Inc. Report

launch of its iPhone on Feb. 10. Finerman said she was still sticking with

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

, while Kelly thought the better play was

Qualcomm

(QCOM) - Get QUALCOMM Incorporated Report

.

Are the markets heading for a correction? Mary Ann Bartels, head of U.S. technical analysts for Bank of America Merrill Lynch, thinks so. She pointed out the negative divergence between the Dow and S&P against the Dow Transports. She predicted a pullback of 4 percent to 10 percent in February, calling it a "pause that refreshes" in a secular bull market.

She said that bull market is evident in the commodities, especially copper. She sees the S&P heading to 1,400 and oil rising to $100 to $120 a barrel.

With the increase volume in trades from the unrest in Egypt, exchange stocks have been rising. Kelly said he bought shares of

CME Group

(CME) - Get CME Group Inc. Class A Report

, which recently reported good revenue growth and is involved in commodity trades. He also liked

InterncontinentalExchange

(ICE) - Get Intercontinental Exchange, Inc. (ICE) Report

on a pullback.

Lee said retail stocks were hard hit because of the snow storms, high gas prices and fall in foot traffic. Deborah Weinswig, a Citigroup analyst, said retailers like

JC Penney

TheStreet Recommends

(JCP) - Get J. C. Penney Company, Inc. Report

were wrestling with sluggish sales.

However, she said there were bright spots, including

Saks

(SKS)

, which benefitted from the strong margins from the sale of cold weather merchandise and

CVS

(CVX) - Get Chevron Corporation Report

, which benefited from an outstanding flu-shot season.

Finerman saw opportunities in the retail space in stocks such as

Target

(TGT) - Get Target Corporation Report

and

Children's Place

(PLCE) - Get Children's Place, Inc. Report

.

Weiss went to the charts to show how small-cap stocks have historically outperformed large-caps. His small-cap favorites include

Pzena Investment Management

(PZN) - Get Pzena Investment Management, Inc. Class A Report

,

Super Micro Computer

(SMCI) - Get SUPER MICRO COMPUTER, INC. Report

and

Intrepid Potash

(IPI) - Get Intrepid Potash, Inc. Report

.

In the Tweet the Street segment, Finerman said she was glad she stuck with

Flir Systems

(FLIR) - Get FLIR Systems, Inc. Report

, which, she said, benefitted from the unrest in Egypt and some "good events specific to the company."

Lee brought in Simon Baker, CEO of Baker Avenue Asset Management, to talks about derivative plays in social media sites. He said he liked

Sina

(SINA) - Get SINA Corp. Report

, which has Welbo, a microblogging site with 50 million registered users as of last October. He also liked

Tibco Software

(TIBX)

, which has a social business product, and

Salesforce.com

(CRM) - Get salesforce.com, inc. Report

, which has a proprietary social business product called "Chatter." He also liked

Blackstone

(BX) - Get Blackstone Group Inc. Class A Report

for its investments in emerging tedchnologies.

Lee brought in Don Dubar, CEO of

Avalon Rare Metals

(AVL)

to talk about the run in rare earth metals. Bubar said he wasn't worried about competition from substitutes because there will always be new technologies requiring rare earth metals. He agreed with the panel on the need for the U.S. to set up a strategic reserve for such metals.

In the final trades, Kelly favored

Jefferies Group

(JEF) - Get Jefferies Financial Group Inc. Report

. Cortes liked

Excelon

(EXC) - Get Exelon Corporation Report

, while Finerman liked

Hain Celestial Group

(HAIN) - Get Hain Celestial Group, Inc. Report

. Terranova liked

Abbott Labs

(ABT) - Get Abbott Laboratories Report

.

--Written by David Tong in San Francisco.

To contact the writer of this article, click here:

David Tong

.

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.

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.

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.

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