'Fast Money' Portfolios of the Week

(Updated to add portfolio.)

By Roberto Pedone

The traders of CNBC's "Fast Money" think the strong earnings reports from Intel ( INTC) and Goldman Sachs Group ( GS) on Tuesday were exactly what the stock market needed to power higher.

Joe Terranova said Intel's double-digit revenue growth for the third quarter was phenomenal. He said the stock would take the rest of the market higher on Wednesday, and that's exactly what happened. The Dow Industrial Average closed up 256.72 points, or 3.07%, to 8,616.21, while the Nasdaq traded up 63 points, or 3.51%, to 1,862.90.

Pete Najarian thinks Intel's news was very bullish. He said we needed something strong to follow Goldman, and Intel gave it to us. However, not everyone is looking at the market with rose-colored glasses. John Kosar of Asbury Research said patterns in the charts suggest the tech sector might be ahead of itself. He explained that whenever the Nasdaq's performance relative to the S&P 500 reaches an overbought condition, tech historically has sold off.

Tim Seymour told viewers he's worried about the resistance for the S&P 500 at around 930. He advised viewers to play tech stocks, which could benefit in a slowing consumer economy.

The "Fast Money" crew has recently highlighted casino stocks, three stocks for an economic recovery 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.

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