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Ready, Set, March! Our Best Trades For The Month Ahead

Published: Friday, 26 Feb 2010 | 5:26 PM ET

Text Size

By: Lee Brodie
Producer

February goes down in the books as an up month that has put the market back to flat for 2010.

However the ongoing financial crisis in Greece threatens to drag down markets around the world.

And the issue of employment looms larger than ever with many pundits skeptical the market do anything but trade sideways until jobs are created.

How should you be positioned, for March?

I’d go right to Transocean [RIG Loading... () ], says Guy Adami. I think we saw capitulatory selling this week. The stock is about 17% off it’s 52-week high. I think a long position sets up nicely for a good trade.

I’d lean to the short side, says Dennis Gartman. I’m a seller of Ralph Lauren [RL Loading... () ] and other names in the high end of retail.

My theme for March is long technology [XLK Loading... () ] because it’s a fundamental story I believe in, says Joe Terranova.

I’m bullish on Potash [POT Loading... () ], reveals Tim Seymour. My theme is agriculture. There’s tightness in the fertilizer market around the world.

I’m looking at generic Pharma names Teva [TEVA Loading... () ] and Mylan [MYL Loading... () ], says Pete Najariran. Even though they’re at 52-week highs I think they both still have room to run. And I still like Joy Global [JOYG Loading... () ] for coal demand.

Also, in the pharma space I’d look at Celgene [CELG Loading... () ], adds Adami.

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DEVELOPING STORY: GREECE GETTING POTENTIAL LIFELINE

We’re following a developing store out of Europe that could have profound implications for stocks right here at home.

Various reports are circulating that suggest another lifeline could be in the offing for Greece. Specifically, we’re hearing chatter that Germany-owned KFW Bank may buy Greek bonds

A spokesman for the KFW said the bank would not comment on the speculation.

In public, Germany’s Chancellor Angela Merkel's government has insisted Germany would not help Greece resolve its budgetary woes. In private, however, senior financial officials admit that contingency plans have been drawn up in case Berlin.

How should you trade?

As a trade, I’m long Bank of Greece [NBG Loading... () ], Deutsche [DB Loading... () ] and some other European banks, reveals Brian Kelly of Kanundrum. At the end of the day, I really believe Greece has to get bailed out. The EU has not other choice.

Also a weaker euro [EUR=X Loading... () ] isn’t necessarily bad, reminds Tim Seymour. In fact, a weaker euro is bullish for Europe’s exports because it makes their goods and services cheaper for buyers using other currencies, like American dollars.

I just don’t see it that way, counters veteran trader Gary Kaminsky. I think Europe is facing a slew of financial troubles and bailing out Greece isn’t a long term fix. I continue to be short Europe with a long position in the EPV [EPV Loading... () ] .

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TOPPING THE TAPE: GOLD & OIL

Amid the uncertainty, one thing is certain: investors are buying gold [US@GC.1 Loading... () ] and asking questions later with the precious metal regaining the psychological $1,100 level this week.

And gold wasn’t the only commodity to end in the black. Oil [US@CL.1 Loading... () ] jumped nearly 2% toward $80 a barrel on Friday.

What’s the trade?

Big institutional buying suggests to me there are growing geo-political concerns and as a result the price of oil should go higher, says Joe Trinova.

If you agree that oil is going higher I’d be a buyer of drillers such as Diamond Offshore [DO Loading... () ] or Transocean [RIG Loading... () ], adds Tim Seymour.

If there are geo-political concerns it could send the dollar [US@DX.1 Loading... () ] higher as a safe haven play, adds Guy Adami. Also, I like Apache [APA Loading... () ] as an energy play around $98.

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EAR TO THE WALL: HOLX

Pete Najarian has spotted unusual options action in Hologix [HOLX Loading... () ].

A large volume of buying of the April 17 calls suggests to him the stock could make a sharp move higher.

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Trader disclosure: On February 26, 2010, 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); Kaminsky Owns (EPV); Kaminsky Owns (LULU) Puts; Najarian Owns (AKAM) Call Spread; Najarian Owns (BAC) Call Spread; Najarian Owns (CMC) Call Spread; Najarian Owns (JDSU) Calls; Najarian Owns (MYL); Najarian Owns (TEVA), (TEVA) Puts; Najarian Owns (HK) Call Spread; Najarian Owns (HOLX) Calls; Najarian Owns (TEVA), (TEVA) Puts; Najarian Owns (MYL); Najarian Owns (JOYG); Najarian Owns (PFE); Najarian Owns (CELG); Najarian Owns (CEPH) Call Spread; Kelly Owns (AMZN) Calls; Kelly Owns (ELX) Calls; Kelly Owns (HOV) Calls; Terranova Owns (JPM), (AAPL), (EMC), (QCOM), (GOOG), (MSFT), (DELL), (IBM), (MSFT); Terranova Owns (GLD) March Puts; Terranova Is Long April, December Oil Futures; Terranova Is Long Oil Futures (April 2010, December 2010); Grasso Owns (AAPL)
Grasso Owns (BAC); Seymour Owns (AAPL), (BAC), (F), (INTC), (PBR), (TSL)

For Tim Seymour:
Seygem Asset Management Owns (POT)

For Joe Terranova
Terranova Works For (VRTS)
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 (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Steve Grasso
Stuart Frankel And Its Partners Own (ABX)
Stuart Frankel And Its Partners Own (BAC)
Stuart Frankel And Its Partners Own Gold
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Own (TOL)
Stuart Frankel And Its Partners Are Short (QQQQ)

For Whitney Tilson
Funds Managed By Whitney Tilson Owned (BRK.A), (BRK.B) On 2/25/10

Tilson Owned (BRK.A), (BRK.B) On 2/25/10

For Dennis Garwtman
Funds Managed By Gartman Are Short S&P 500
Funds Managed By Gartman Are Short Euro
Funds Managed By Gartman Are Short Yen
Funds Managed By Gartman Are Short Steel
Funds Managed By Gartman Are Long Gold
Funds Managed By Gartman Are Long Natural Gas
Funds Managed By Dennis Gartman Are Short Yen, Are Long Canadian Dollar, Are Long Australian Dollar
Funds Managed By Dennis Gartman Are Short (NUE)
Funds Managed By Dennis Gartman Are Short (SPY)
Funds Managed By Dennis Gartman Are Short S&P 500
Funds Managed By Dennis Gartman Are Long Gold
Funds Managed By Dennis Gartman Are Short British Pound
Funds Managed By Dennis Gartman Are Long Australian Dollar
Funds Managed By Dennis Gartman Are Long Canadian Dollar
Funds Managed By Dennis Gartman Are Short Euro

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (SPY)

For Brian Kelly
Kanundrum Capital Owns (DB)
Kanundrum Capital Owns (CS)
Kanundrum Capital Owns (C)
Kanundrum Capital Owns (JPM)
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns (GDXJ)
Kanundrum Capital Owns (BRCM)
Kanundrum Capital Owns (QCOM)
Kanundrum Capital Owns (VMW)
Kanundrum Capital Owns (ELX)
Kanundrum Capital Owns (QLGC)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short (GS)
Kanundrum Capital Is Short (JWN)
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Japanese Yen
Kanundrum Capital Is Short Swiss Franc
Kanundrum Capital Is Short Singapore Dollar

Other Relevant Disclosures:
Terranova Owned (QCOM) On 2/1/10
Najarian Owned (PFE) On 2/2/10

CNBC.com with wires

Topics:U.S. Dollar | Oil | Gold & Precious Metals | euro | Stock Picks

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