Fast Money

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Fast Money

Here's what's working in the new market dynamic, traders say

The "Fast Money" traders wrapped up the week Friday by looking at what's working in the stock market and what's not.

Trader Tim Seymour said "value over growth" has been the trade for the past six months, but he's looking at yield plays, such as AT&T, Verizon and Clorox.

Trader Brian Kelly has stayed long on Continental Resources, expecting oil to go higher. He said he would trade that into the OPEC meeting. Nathan acknowledged that it's not at all-time highs like some other stocks and ETFs mentioned, but he'll be waiting for the seasonal oil rally he expects.

Trader David Seaburg pointed out that Amazon closed up half a percent today, and suggested buying it back if it slides. He said he was also surprised that Salesforce.com didn't climb higher than 3.4 percent, based on the quarter that it reported.

The customer service and cloud technology company on Thursday posted fiscal third-quarter earnings per share of 24 cents, excluding items, on revenue of $2.14 billion, beating analysts' expectations. The Bay Area-company has been boosted by trends toward e-commerce. More consumers are expected to do holiday shopping online, and they becoming more comfortable with sharing their data in exchange for customer service, according to the company's research.

Trader Guy Adami continued to push Kansas City Southern, based on President-elect Donald Trump's "conciliatory" approach toward Mexico. The stock closed up 1.8 percent Friday.

He reiterated his support for U.S. Bancorp, calling it "the most conservative bank out there." The bank hit a new intraday all-time high of $49.40 a share, before ending the day at its closing all-time high of $49.23.

—CNBC's Anita Balakrishnan contributed to this report.

Disclosures:

TIM SEYMOUR

Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM

DAVID SEABURG

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore. GRPN, VA – Not Approved. EXPE – Note that Dave is not permitted to discuss Trivago as Cowen is on the publicly filed S-1 for the spin off.

BRIAN KELLY

Brian Kelly is long Bitcoin, CLR, GDX, XLF, XLV, XLI, IWM, US Dollar UUP; he is short AUD=, JPY=, EUR=, GBP=

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.