Updated from 10 a.m. EDT

The traders of CNBC's "Fast Money" have been amazed and shocked at the rapid decline in the U.S. stock market this week. Despite the carnage on Wall Street, the gang is currently hunting for the next big trend that will arise out of the massive selloff. The crew knows that at times like these, it pays to be in the right sectors and out of the wrong ones. The traders also know that when the time is right, it will pay big to be the contrarian on the street and go against the crowd and prevailing investor sentiment.

The crew will surely be prepared to spot the bottom in the stock market once it occurs. Don't be left guessing when it might happen. Tune in to the show and be one step ahead of the street.

The gang recently highlighted trading ideas that play off value stock picks, such as Apple ( AAPL); bank stocks, such as Bank of America ( BAC); and stock picks for a low-return environment, including Johnson & Johnson ( JNJ). Here are some highlights from over the past week as aggregated from the show.

To read more, visit Stockpickr.com.

At the time of publication, Altucher and/or his fund was long Mastercard and Bank of America, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

More from Investing

SEC Says Bitcoin and Ether Are Not Securities -- but Prices Stay Bearish?

SEC Says Bitcoin and Ether Are Not Securities -- but Prices Stay Bearish?

GE's Exit From Dow Could Be a Blessing in Disguise, Goldman Says

GE's Exit From Dow Could Be a Blessing in Disguise, Goldman Says

Former General Electric CEO Jack Welch Has 4 Tips to Getting a Promotion

Former General Electric CEO Jack Welch Has 4 Tips to Getting a Promotion

Own Retail Stocks? This Chart Will Make You Want to Instantly Cash Out

Own Retail Stocks? This Chart Will Make You Want to Instantly Cash Out

Disney CEO Bob Iger Touts Benefits of His Firm's Deal for Fox Beyond Just Money

Disney CEO Bob Iger Touts Benefits of His Firm's Deal for Fox Beyond Just Money