Fast Money’s Joe Terranova reported the most important point from Friday was that the markets broke from one side the flash-crash low and trader have to take advantage of that while a trading point of reference.
For a breakout of some public funds from a recent “Fast Money” TV show, check out Dan Fitzpatrick’s “3 Stocks I Saw forward TV.”
3 Stocks I Saw on TV
Joe Najarian and the rest of the Fast Money company agreed, but weren’t so sure it amounted to more than a short squeeze. Steve Grasso said that in the final hour of mercantile the bears lost out, not willing to hold shorts after altogether the money they made this week, but it was a brittle squeeze.
Joe Terranova likes American Express(AXP), saying it finally bottomed, and Best Buy(BBY). Terranova uttered there are names exposed to the U.S. consumer market that investors should paucity to own. In semiconductors, Terranova likes EMC(EMC) or Teradyne(TER).
The Fast Money party all said with the market being a traders’ market now, trade -traded funds in particular make sense for investors as intraday plays. Terranova is buying the Market Vector Russia ETF during the time that a way to not only play forgotten market stories, but the oil market.
Oversold sector of the day? Energy is down 15% since April 23 and is the ~ly sold off sector since late April. The Fast Money gang reported the big energy names are stocks to play right now. BP(BP), driven in a descending course by the oil spill, is one of the best names to move, and it is generally a bullish time for commodities, after a newly come plunge in prices. Materials are the second-worst sector performer in the continue month.
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