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Battle The Bear

Friday, 24 Oct 2008 | 7:17 PM ET

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.

Guy Adami

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.)

Tim Seymour

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%.

Pete Najarian

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.

Battle The Bear, Pt. 2
Protecting capital in unprecedented times, with the Fast Money traders.




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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)

CNBC.com with wires

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HAR
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INTC
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JEC
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LLY
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MSFT
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MDR
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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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