FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Forget the broad market, the Fast Money traders suggest watching a handful of stealth advancers on Tuesday that could provide the market with new leadership.
What’s the trade?
I’m keeping a close eye on the industrials, explains Pete Najarian. The action in these stocks suggests they could become the new market leaders. In fact, the sector has performed well ever since Goldman said industrial activity is picking up and will continue the pace.
Specifically, I've got multinationals such as Cooper Industries [CBE
Loading...
()
] and Textron [TXT
Loading...
()
] on my radar.
I’ve got my eye on conglomerate GE [GE
Loading...
()
], counsels Christopher Zook of CAZ. It’s above $15 which had been resistance. It's making moves I think are worth watching.
It seems that stocks leveraged to economy are trading higher on the back of good economic data and word from Fed chief that recession is likely over, adds host Melissa Lee.
----------
RETAIL TRADE
Stronger-than-expected retail sales failed to ignite a tailwind of optimism on Tuesday– although it’s widely believed that an uptick in consumer spending is crucial for the economic recovery to continue.
What’s the retail trade?
I’m not bullish on retail stocks, says Patty Edwards of Storehouse. I’m concerned about just how much money consumers have to spend. If you’re looking for a trade, I’d look at going short the higher beta names and going long the lower beta names such as Walmart [WMT
Loading...
()
].
If you’re trading the RTH [RTH
Loading...
()
] you should know that it tends to magnify the moves in retail sector, adds Jared Levy of Peak6. If retail sales trend higher then the RTH should go higher but if we start to see a pullback I expect to see a sharp retracement in the RTH.
----------
FINANCIALS LOWER LED BY JPMORGAN
Financials traded lower on Tuesday after published reports suggested the government is looking to sell about one-third of its stake in Citigroup [C
Loading...
()
], acquired as part of its bailout.
Also, Discover [DFS
Loading...
()
] and JPMorgan [JPM
Loading...
()
] fell after reporting increases in credit-card write- offs - yet another drag on the sector.
What’s the trade?
I’d be cautious about the consumer finance stocks, counsels Patty Edwards. Right now people are focussed on paying their mortgages not their credit cards.
Long-term the Citi news should be positive but in the short term it’s negative, adds Christopher Zook.
I’d look at JPMorgan, adds Pete Najarian. The stock is flat on what’s fairly negative news. That suggests buyers still consider it a great name.
----------
TOPPING THE TAPE: YAHOO, EBAY LEAD INTERNET STOCKS HIGHER
Yahoo [YHOO
Loading...
()
] led the Internet space higher on Tuesday after Bernstein raised the stock to Outperform from Market Perform saying the company’s core business of online search is undervalued.
EBay [EBAY
Loading...
()
] also generated a strong tailwind after Piper Jaffray and UBS upgraded the stock citing momentum in its core marketplace business.
What’s the trade?
I’m a fan of Yahoo!, says Pete Najarian. All the negative was baked into the stock and then some. I think it should have more upside.
I think eBay has upside potential into the holidays, but I’d wait for the stock to pullback $2 -$3 then I’d establish a long position, counsels Jared Levy.
Going into the holiday season I’d rather bet on Amazon [AMZN
Loading...
()
], counters Patty Edwards.
----------
GAMING STOCKS CONTINUE OUTPERFORM
It seems casino trades have turned into winning bets, lately. Shares of Wynn [WYNN
Loading...
()
] are now above $70 while Las Vegas Sands [LVS
Loading...
()
] is heading towards $20. Should you let it ride or take some off the table?
What’s the trade?
The volatility in LVS and Wynn are extremely cheap, reveals Jon Najarian. If you want to let your bets ride, protect yourself with puts. It’s extremely cheap.
- Your First Move For Tuesday November 24th
- Pops & Drops: Cigna, Verizon...
- Giving Thanks: Energy
- Web Extra: Winning The Chocolate Wars
- Holiday Travel Outlook
- Trading The Dollar Drama
- Prepare For Large Decline In Stocks, Next Year?
- Unusual Options Action w/ Pete Najarian
- Take Your Position: Black Friday
- Mutual Fund Mondays
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
Trader disclosure: On Sept. 15th, 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), (MSFT), (NUE), (BTU); Seymour Owns (AA), (AAPL), (BAC), (BX), (FCX), (NOK), (RIG), (SBUX), (UNG); Finerman Owns (PDE), (RIG); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC); Finerman Owns (WFC) Preferred Shares; Finerman's Firm Owns (WMT), (RIG), (MSFT), (NOK), (PBR), (PDE), (BDK); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Najarian Owns (AAPL) & Short (AAPL) Calls; Najarian Owns (BAC) & Short (BAC) Calls; Najarian Owns (BUCY) & Short (BUCY) Calls: Najarian Owns (C) Calls: Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (JPM) & Is Short (JPM) Calls; Najarian Owns (JOYG) & Short (JOYG) Calls; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (PALM) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Calls
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes