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FM Madness: Financials & Commodities

Thursday, 27 Mar 2008 | 6:58 PM ET

The traders completed round 1 of the Fast Money Madness tournament going toe-to-toe over financials and commodities. Our goal is to find the best stock for the next 12 months. Who will become Fast Money’s favorite company?

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See the brackets from TV!

Did you enter our contest? Click here to go straight to your customized brackets.

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Financials

Reigning champ Berkshire Hathaway blew out play-in game winner Ambac while Ken Lewis's run and gun Bank of America squeaked by US Bancorp.

Mastercard, which was still ailing from a tough conference championship game with Visa was able to overtake American Express. Lehman Brothers, which had to assure everyone they had enough players to field a team, beat back mall owner Simon Property Group.

Then, 3-seed Goldman Sachs blew out Wamu. Also the Big Board, with mid-season replacement Duncan Niederauer, triumphed over AIG.

Meanwhile in live tournament play Wells Fargo pummeled China Life with help from Warren Buffett. Also JP Morgan massacred Citigroup for reasons that need not be explained.

Commodity/Industrials

The versatile game of United Technologies was too much for solar conference winner SunPower. Valero triumphed over Exxon, while potent Potash beat Boeing.

4-seed Freeport-McMoRan rolled over ADM and its struggling ethanol offense.

Out of the mighty Dow conference, Alcoa fought back utility PG&E, and Caterpillar “bulldozed” 3M.

Then, BHP Billiton, with the Aussie like confidence of Seton Halls’ Andrew Gaze, rolled over DuPont.

Meanwhile in live tournament play General Motors wowed the traders with strong overseas sales and took down Toyota.

Read More:

> See the Fast Money Madness brackets from TV

> Did you enter our contest? See your customized brackets.

> Find out about the Correction in the AT&T vs. Google match-up

Fast Money Madness
Finding the best stock for the next 12 months, with the Fast Money team.

> Check out last year’s brackets and winner.






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Trader disclosure: On Mar.27, 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), (DIS), (INTC); Finerman Owns (GS); Finerman's Firm Owns (DSW), (MSFT), (SUN), (TSO), (VLO), (WMT), (YHOO), (NYX), (PM-WI); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY); Najarian Owns (BKC), (MSFT), (NOK), (ORCL), (TSO), (XLF), (YHOO), (AAPL); Najarian Owns (AA) Calls, (CCU) Calls, (COP) Calls, (NVDA) Calls, (BSC) Calls, (CHK) Calls; Najarian Owns (LEH) Puts, (MER) Puts, (USB) Puts, (OIH) Puts; Seymour Owns (CFC), (F), (MER), (MSFT), (TMA), (AAPL), (TSO); Seygem Asset Management Owns (TSM); Charles Schwab Is A Sponsor Of "Fast Money"

  Price   Change %Change
GM
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BHP
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CAT
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AA
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FCX
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POT
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VLO
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UTX
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WFC
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GS
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MA
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NYX
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