Battle The Bear
Investors are scrambling to protect what’s left of their profits but are unsure which way to turn in these unprecedented times.
Some are going with time-honored flight to quality moves and putting their money in Treasuries or gold. Others are cashing out all together.
But considering at least some U.S. companies including Microsoft , Burlington Northern and Eli Lily beat the Street this week, perhaps you’d do best to stay in the stock market, selectively.
If you want to be in stocks play infrastructure, counsels the Negotiator. The world is going to spend $30 trillion on infrastructure. It’s not a trade for Mondy, but soon. (In the past Adami has recommend Jacobs Engineering and McDermott in this space.)
I like Harmony Gold Mining and Gold Fields Limited right now as gold plays, says the Ambassador. They’re based in South Africa where currency is off 64% while gold is only off 15%.
Check out best of breed in tech. Look and Intel, Microsoft and Apple . They’re all loaded with cash and they’re at levels where I don't think you’ll see much more selling, counsels the Pit Boss.
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Trader disclosure: On Oct. 24, 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 (SDS), (UUP), (WMT), (MSFT), (BNI): Adami Owns (C), (GS), (INTC), (MSFT), (AGU), (BTU), (NUE): Najarian Owns (BNI), Is Short (BNI) Calls, Owns (BNI) Puts: Najarian Owns (MS) Put Spread; Najarian Owns (GDX) Call Spread: Seymour Owns (AAPL), (EEM), (MER): Seygem Asset Management Owns (RIO), (CCJ): Finerman Owns (GS), (PM); Finerman's Firm Owns (MSFT), (DEO): Finerman's Firim Is Short (COF), (USO), (IYR), (IJR), (MDY), (SPY), (IWM), (BBT)
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