From Zeroes To Heroes

Investors appear to be fleeing the once white hot commodities space in favor of tech and financials. How should you trade the rotation?

I think this trend has legs for at least the next several months, says Guy Adami. Investors have been in commodity stocks for a while and I expect them to get out. Financials appear undervalued to me, and I expect that's where they'll go. Look at Goldman Sachsand Wachovia, he counsels.

I agree, adds Karen Finerman. I bought Citigroupon Wednesday as a proxy for this space.

But take your time, adds Jeff Macke, Accumulate positions in both tech and financials but buy the dip.

Sector Rotation: Last 6 Months

Energy +7%
Tech -12%
Financials -14%

Sector Rotation: Last 5 Days

Energy -2%
Tech +2%
Financials +4%

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Trader disclosure: On May 1, 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 (MSFT), (DIS), (INTC); Adami Owns (AGU), (NUE), (BTU), (C), (GS), (INTC), (MSFT); Najarian Owns (AAPL), (TSO), (XLF), (YHOO); Najarian Owns (C) Calls, (CHK) Calls, (MSFT) Calls, (WLT) Calls, (POT) Calls; Finerman Owns (CHK), (GS), (HD); Finerman's Firm Owns (MSFT), (NYX), (SUN), (TSO), (TYC), (TEL), (VLO), (CMVT); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (C) And (C) Leaps, Finerman Owns (C); Finerman's Firm Is Short Pounds