Fast Money: Rapid Recap - The first and only official show synopsis
RSS FEED
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
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 
Producer, CNBC.com
 |
In Monday's rally, the sector topping the tape was Financials [XLF
Loading...
()
], and leading the way were credit card stocks, notably American Express [AXP
Loading...
()
], Discover [DFS
Loading...
()
] and Capital One [COF
Loading...
()
]. These moves to the upside were supported by positive news coming out of the sector, including Discover saying that net charge-offs were not getting worse, and a credit card confrence which offered positives for the credit card industry.
"Consumer credit quality has clearly improved over the last few months," says Joe Terranova. These names have been underloved, he says, with names like Mastercard [MA
Loading...
()
] and Visa [V
Loading...
()
] performing "phenomenally," but he suggests out of everything, JPMorgan [JPM
Loading...
()
] , which has exposure to not only credit cards, but investment and consumer banking.
The story has improved and this is a great environment, says Tim Seymour, who points out that with a steeper yeild curve, companies like JPMorgan are set to benefit significantly. Despite credit concerns that are out there, the environment is right to be a bank, he says.
With a sweet yeild curve, Karen Finerman agrees that big banks are set to profit, but identifies loan-loss provisions as the key to huge gains and profitability. If the consumer comes back, Finerman thinks nobody stands to profit as much as Bank of America [BAC
Loading...
()
], who has "enormous consumer books."
But if the consumer is not coming back, you want to know where your exposure is, adds Pete Najarian, who maintains that credit card names like Mastercard and Visa are the plays to make, which are two stocks near their 52-week highs. This way, you have a pure play focused on credit card transactions, he says.
For these trades, and a technical analysis of how you should be playing the US dollar, check out the video!
______________________________________________________
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 November 9th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BP) Calls, (FCX) Put Spread, (RIMM) Call Spreads, (UUP) Calls, (YHOO), (YHOO) Puts; Finerman's Firm Is Short (IJR), Short (MDY), Short (SPY), Short (IWM), Short (USO), Short (UNG), Owns (CBY), Short (KFT), Owns (MSFT), Owns (PM), Owns (TGT),Short (UNG), Short (USO), Finerman's Firm And Finerman Own (WFC) Preferred, Finerman's Firm Owns (WMT), Owns (YUM); Terranova Owns (GS), (WYNN), (JPM), (SU), (MRVL), (BRCM), (GOOG), (RIMM), (AAPL), VIX Nov. 24 Puts, Terranova Works For (VRTS); Seymour Owns (AAPL), (EEM), (F), (FXI), (TM), (VIP), (POT), Najarian Owns (INTC), (INTC) Calls, Finerman's Firm And Finerman Own (RIG), Finerman's Firm And Finerman Own (PDE), Finerman's Firm Owns (M)
Najarian Owns (JWN) Calls, Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads
Finerman Owns (BAC) Preferred, (BAC), Najarian Owns (BX) Calls
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
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 (XLY)
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 (UA)
DENNIS GARTMAN Funds Managed By Dennis Gartman Own (EWZ)Funds Managed By Dennis Gartman Own (EWA)Funds Managed By Dennis Gartman Own (EWC)Funds Managed By Dennis Gartman Own (EWZ)Funds Managed By Dennis Gartman Are Short U.S. DollarFunds Managed By Dennis Gartman Own Gold In U.S. Dollar Terms, British Pound Sterling Terms, Euro Terms TAVIS MCCOURT ***NO DISCLOSURES ON AAPL, MOT, PALM, RIMM BRIAN KELLY Kelly And Kanundrum Capital Own (UUP)Kelly And Kanundrum Capital Own (USO)Kelly And Kanundrum Capital Own (TDW) ***NO DISCLOSURES ON CRUDE OIL, U.S. DOLLAR, GOLD
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes