Brazen Bull Trades

If you’re brave enough to trade against the trend you could make a lot of money. Following are the traders' high risk and high reward plays.

Financials

If you’re brazen, go right to Citigroup (C ) says Guy Adami. And I think John Thain will probably turn Merrill (MER) around, so check out that stock, too.

I’d also play Citigroup, adds Karen Finerman, but I recommend buying the stock and the put a year out.

I prefer Morgan Stanley (MS), says Jeff Macke

Check out Fannie Mae (FNM), Pete Najarian chimes in, for moderate risk and high reward.

	Price		Change	%Change
SC0Y		---

Consumer

I think Mastercard (MA) is a buy, says Guy Adami. It will probably get beaten up on the back of Thursday’s Amex news, but it’s a different story.

Blue Nile (NILE) is my brazen consumer trade, says Jeff Macke. They’re an on-line jeweler that’s way off their high.

If you have a huge contrarian bend and you’re bullish the consumer, look at Bon-Ton (BONT) says Karen Finerman. However, personally, I'm not bullish the consumer.

I recommend betting with Barry Diller and buying IAC/InterActiveCorp (IACI), Pete Najarian says.

	Price		Change	%Change
IACI		---
MA		---
NILE		---

Housing

I think Home Depot (HD) is cheap, says Guy Adami.

Or check out Lowes (LOW), says Jeff Macke.

Again, if you’re contrarian, take a look at Hovnanian (HOV), says Karen Finerman.

I like Lennar (LEN) says Pete Najarian because they’re sitting on 90,000 homes that they’re ready to sell. It could explode.

	Price		Change	%Change
HD		---
HOV		---
LEN		---
LOW		---

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Trader disclosure: On Jan 10, 2008, 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 (YHOO); Najarian Owns (AMR), (BIIB), (C), (MSFT), (EBAY); Najarian Owns (CFC) Options, (WM) Options,(YHOO) Options; Finerman's Firm Owns (KSS), (WMT), (YHOO), (AEO); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (IJR), (IYR), (SPG); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY)