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Trading In Fed's Wake

Tuesday, 11 Dec 2007 | 7:10 PM ET

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.

> Read more "Fed Cuts Rates 1/4 Point, Disappointing Markets"

Fast Money Final Call
Fast Money's Guy Adami shares his take on the Fed announcement.



Trading In Fed's Wake

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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

  Price   Change %Change
INTC
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FLS
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USB
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ATVI
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AAPL
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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