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"Fast Money" TV show, the traders opened the show by speaking on today's market activity, specifically the financial sector and its bounce.

Jeff Macke led off by saying that right now, investors "have no idea" with financials and that betting on red or black gives you roughly the same odds as betting on the financial stocks.

Jon Najarian added that he has been noticing a lot of selling of puts and a lot of buying of calls in options activity.

Joe Terranova said that "what is troubling about financials is commercial mortgage-backed securities."

Guy Adami, speaking on

Lehman Brothers

( LEH), said "I don't trust this rally at all," and investors "did not see capitulation yesterday."

Suggesting a trade, Terranova weighed in, saying to take

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report


Morgan Stanley

(MS) - Get Morgan Stanley Report

long and to short any other financials.

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Jon Najarian disagreed, saying that he likes

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

the best.

Other Action

Briefly discussing


(HP) - Get Helmerich & Payne, Inc. Report

, Adami said that he believes this stock looks cheap from a valuation perspective and that yesterday's news was not tremendously impressive.

Moving into oil, Terranova said that today's inventory numbers show a "huge build in oil," and the "non-OPEC supply continues to decline." He said to "play integrated oil service names."

Adami, speaking on commodities, said "I still like the steel stocks," but we are in a "sell-the-rallies mode." He said to look at

US Steel

(X) - Get United States Steel Corporation Report


Losing at the Casino

Next, moving into casinos having trouble, Macke brought up

MGM Mirage

(MGM) - Get MGM Resorts International Report


Las Vegas Sands

(LVS) - Get Las Vegas Sands Corp. Report

. He said, "I think MGM is going to wish they were BP getting kicked out of Russia," referring to the shakedown happening in Macau.

Adami pointed out what he says is a short-covering round for

Boyd Gaming

(BYD) - Get Boyd Gaming Corporation Report


Macke said that Boyd Gaming has no Macau exposure but it does have a "half-done casino sitting in Vegas," which does not help.

Tech Takes

Moving on to tech stocks, Najarian said


(AAPL) - Get Apple Inc. Report


Research In Motion

( RIMM) were "upgraded from everyone." He said that


(NVDA) - Get NVIDIA Corporation Report


Marvell Technology

(MRVL) - Get Marvell Technology, Inc. Report

"continue to rock."

Next, retailer


(TGT) - Get Target Corporation Report

can be flipped now, according to Adami. He said that valuation wise, TGT is cheaper than


(WMT) - Get Walmart Inc. Report


Macke disagreed, saying that TGT has credit-card exposure and "has too many headwinds."

The Commodities Beat

Guest Dennis Gartman of

The Gartman Letter

came on Wednesday's show to discuss commodities. He said that it is "time to start taking a look," into the grains. He said that "when something does not go down when it is supposed to go down, it is probably going up."

When Gartman was asked if



would be a good play for this, he affirmed it. He offered a couple of other ideas, namely

Suncor Energy

(SU) - Get Suncor Energy Inc. Report

for energy and the

San Juan Basin Royalty Trust

(SJT) - Get San Juan Basin Royalty Trust Report

for natural gas.

Shifting back to technology, Gene Munster of Piper Jaffray spoke on Apple and its future. Munster said it is the "time to own," and that new products are coming. He said that its Mac business is growing at 40%-plus and that "people want their products." Munster summarized Apple by saying that in this rough economic time, "everything seems to be doing very well."

At the time of publication, Posluszny had no positions in the stocks mentioned.

Richard Posluszny is a finance major at Seton Hall. He provides invaluable research support as an intern at