'Fast Money' Portfolios of the Week

(Updated to add portfolio.)

The traders of CNBC's "Fast Money" are starting to prepare their viewers for the upcoming earnings season and the second half of the year.

Joe Terranova believes that the second half will not be as easy as the second quarter, where everything went up due to the reflation trade. He told viewers to look for more of a trading environment in the second half and to stay nimble.

Karen Finerman said she is mildly optimistic going forward, but she really wants to see what the financial firms have to say when they report earnings in July.

Pete Najarian mentioned that he expects strong earnings reports from financials such as Goldman Sachs ( GS), along with some improvements in the utility sector. Guy Adami thinks Goldman will report a strong quarter, but he wouldn't own the stock at these levels. He said look for Goldman and Jefferies Group ( JEF) to pull back. Terranova likes Goldman and Morgan Stanley ( MS) or the second half, but Adami feels the overall market is set to go lower because of the continued weakness in the transports.

The "Fast Money" crew has recently highlighted trading ideas that play off of the utility sector, stocks for the second half of the year and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

To read more, visit Stockpickr.com.

Stockpickr is a wholly owned subsidiary of TheStreet.com.

More from Investing

Chart: Goldman Sachs Doesn't See U.S. Economy Falling Apart Anytime Soon

Chart: Goldman Sachs Doesn't See U.S. Economy Falling Apart Anytime Soon

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists