The Federal Reserve cut two key interest rates by a quarter point, disappointing financial markets, which were hoping for a half-point cut. Can you profit from it?
Traders have to put Tuesday's Fed decision behind them says Guy Adami on CNBC’s Closing Bell. Secular growth stories remain in tact despite the Fed, he adds, and they remain in play.
Here's what the traders recommend:
Jeff Macke – Activision (ATVI)
Pete Najarian - Apple (AAPL)
Karen Finerman - Floweserve (FLS)
Guy Adami - Intel (INTC)
And if you want to play financials, Adami adds, only go best in breed, I recommend US Banccorp (USB) which Warren Buffett doubled his position in.
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Trader disclosure: On Dec. 11, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SWY), (INTC), (EMC), Najarian Owns (BIIB) Options, (CCL) Options, (CSCO) Options, (EMC) Options, (BIDU) Options, (GOOG) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (NMX), (NYX), (TXI); Finerman's Firm Owns (BIIB) Options, (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Is Short (IWM), (SPY), (IYR), (IJR), (MBI); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; GE Is The Parent Company Of CNBC