The competition is impossibly fierce, the stakes are impossibly high, and losing isn’t an option.
If you think we're talking about March Madness, think again. There’s another extreme elimination tournament underway – this one is playing out on Wall Street, in the financial sector. Many firms are finding themselves in make-or-break circumstances. Only the strong will survive.
And considering the unprecedented turn of events lately, it’s anyone’s ball. Who comes out on top of this game?
Guy Adami has been handicapping the players and he’s come up with two names he likes -- Raymond James and Jefferies.
“Raymond James had a better than expected quarter back in January,” says the Negotiator and he’s optimistic that going forward earnings will also hold some upside surprises. “And I like their valuations.”
As for Jefferies, Adami talks about it all the time. “They’re hiring when most are firing,” and that speaks volumes.
> Last Stock Standing - Retail
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Trader disclosure: On Mar. 17th, 2009, 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 (GE), (GS), (MS), (MOS), (AAPL); Macke Is Short (BRK.b); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU) ; Terranova Owns (MA), (AAPL), (RIG), (CVX), (GS), (AMZN), (BP), (KCE), (JPM), (X), (POT), (WYNN), (XBI), (HESS), (INTC), (BRCM), (DELL), (JOYG), (FXC), (MS), (XOM); Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns (IBM) Spread; Terranova Owns (DIS) & (DIS) Calls; Terranova Owns (COP) Calls; Terranova Owns MACI Oil Futures; Najarian Owns (GDX); Najarian Owns (C) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (GD) Call Spread; Najarian Owns (X) Call Spread; Najarian Owns (GLD) Put Spread; Najarian Owns (JPM) & (JPM) Calls; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MSFT) & (MSFT) Calls; Najarian Owns (WFC) & (WFC) Puts; Najarian Owns (XHB) Call Spread; Najarian Owns (XLI) Calls
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