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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Jul.14
5:30 PM ET
Tuesday, 14 Jul 2009
3 Hot Stocks No Matter Market Direction

How can you profit with the market flailing in either direction?

Since the March lows the S&P has gained as much as 40% but stocks have been lackluster lately. As earnings season plays out, results should confirm whether we’re in the beginning of a new bull market or if the March rally was just a big bear market bounce.

And although every investor wants to know where the market is heading, the issue of bull vs. bear is particularly vexing for many retail investors who regularly play the market long, but are hesitant or unfamiliar with how to go short.

So what's the early verdict?

According to Danielle Hughes Of Divine Capital we’re in a corrective rally, but “this is not a bull market.” Despite of all the talk of “green shoots” Hughes doesn’t see the recovery taking root and explains industrial production needs to be much more robust before she can feel bullish.

Not good news if you’re only comfortable as a buyer. But that doesn’t mean the only plays are short.

Hughes thinks there are plenty of long opportunities in the market and recommends 3 stocks as buys – all could pop higher:

Hughes Hot Stocks

Diodes [DIOD  Loading...      ()   ]
Itron [ITRI  Loading...      ()   ]
Fuel Tech [FTEK  Loading...      ()   ]

For me the long trade right now is all about companies that can take us to the next level, explains Hughes. I’m a buyer of productivity names and would put the three mentioned above on your radar.


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Trader disclosure: On July 14th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (GE), (VIP); Terranova Owns (TER), (RIMM), (MSFT), (SUN), (FTO); Najarian Owns (CSCO) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (JNJ) Calls; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MCD) Call Spread; Najarian Owns (MS) Call Spread; Najarian Owns (NVLS) And Is Short (NVLS) Calls; Najarian Owns (STI) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO) Call Spread

GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC

Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Virtus Investment Partners Owns More Than 1% Of  (ABD); Virtus Investment Partners Owns More Than 1% Of  (CBL); Virtus Investment Partners Owns More Than 1% Of (CAL); Virtus Investment Partners Owns More Than 1% Of  (CLB); Virtus Investment Partners Owns More Than 1% Of  (DLR); Virtus Investment Partners Owns More Than 1% Of  (EXR); Virtus Investment Partners Owns More Than 1% Of  (IGE); Virtus Investment Partners Owns More Than 1% Of (MEE); Virtus Investment Partners Owns More Than 1% Of  (DBC); Virtus Investment Partners Owns More Than 1% Of  (DBV); Virtus Investment Partners Owns More Than 1% Of  (DBA); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of  Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of  (SKT); Virtus Investment Partners Owns More Than 1% Of  (TNB); Virtus Investment Partners Owns More Than 1% Of  (UA); Virtus Investment Partners Owns More Than 1% Of  (WBMD)

For Patrick Wang:
Wedbush Morgan Securities Is A Market Maker In (INTC)
Patrick Wang Has A Long Position In (INTC)

For Patty Edwards:
Edwards Owns (COST), (WMT), (PM), (SH)

For Dani Hughes:
Hughes And Her Clients Own (DIOD), (ITRI), (FTEK)

For Jeffery Harte:
Sandler O'Neill Recvd. Inv. Bank. Comp. From (C) In Past 12 Mos.
Sandler O'Neill Expects To Receive or Seek Inv. Bank. Comp. From (BAC), (JPM), (C) In Next 3 Mos.
(
BAC), (C), (JPM), (MS) Are Clients Of Sandler O'Neill
Sandler O'Neill Has Received Non-Inv. Bank. Comp. From (C), (JPM), (BAC)
(GS) Is A Non-Inv. Bank. Client Of Sandler O'Neill

For Rich Greenfield:
Pali Is A Market Maker In (DTV)

CNBC.com with wires

© 2009 CNBC.com

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