NEW YORK (TheStreet) -- After-Christmas deals, private equity shopping for bargains, ETF explosion and best commodity trades for 2011 were hot topics among the "Fast Money" crowd on Thursday.CNBC contributor Dennis Gartman said the global recovery is propping up crude oil futures. The black gold rose to two-year highs on Thursday, settling at $91.56 per barrel. Gartman said stronger oil prices mean the global economy is strong, and that's good for stock price growth as well. 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
Trade UpdateIn the "trade update" segment, the "Fast Money" crowd said Kirkland's ( KIRK) was the hedge fund trade of this week. The small-cap low-cost stock gained more than 7% on Thursday amid heavier-than-average volume. Pete Najarian cautioned investors not to overly pile into the stock and always stay diversified. Melissa Lee turned the conversation to speculation about a new Apple ( AAPl) iPad and what the updated device will look like. The group said it could include large speakers, and possibly front and rear cameras. It could also ship as early as next month though Najarian said it probably won't be introduced until April of 2011. Melissa Lee then turned the conversation to the $1 trillion of inflows in ETFs in 2010. Special guest Matt Hougan, managing director at IndexUniverse, pointed out that copper futures are up 27% year-to-date, and up 2.4% this week, but warned that fees for copper ETFs are sky high. Industrial ETFs are also too high. Hougan said people buy ETFs like SPDR Gold Trust ( GLD) because it's the first that comes to mind, but iShares Gold Trust ( IAU) gets investors the same thing for half the price with lower management costs. He said to focus on individual areas like gold or oil, and suggested trying the United States Commodity Index Fund ETV ( USCI) for a broad-based, tactical strategy. Pete Najarian said he likes the Market Vectors Gold Miners ( GDX) or Market Vectors Junior Gold Miners ( GDXJ) as the best way to play precious metals. Hougan said the GLD made gold a volatile asset. He doesn't think it will implode but prices could cascade. Pete Najarian suggested hedging the VOLATILITY S&P 500
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