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Battle The Bear

Tuesday, 4 May 2010 | 5:50 PM ET

Even though the Dow and S&P just had their worst one-day drop since February 4th, that doesn’t mean there isn’t money to be made.

You just have to know how to game the latest moves! Following are some suggestions from the Fast Money traders.

Joe Terranova: I’d look at Pfizer and health care broadly.

Guy Adami: I like Abbott Labs .

Karen Finerman: Put CVS on the radar. And Walmart also looks attractive.

Steve Cortes: I’d get long Treasuries, boring staid Treasuries.

Battle the Bear
A look at the stocks that are worth selling, Steve Cortes, Veracruz LLC.


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Trader disclosure: On May 4, 2010, 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 (PFE); Najarian Owns (GS) Calls; Najarian Owns (MS); Najarian Owns (C) Calls; Najarian Owns (SFD) Calls; Najarian Owns (TEVA); Adami Owns (AGU), (C), (INTC), (GS), (NUE), (MSFT), (BTU); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (USO); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (AEO), (ARM); Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (BAC), (BAC) Calls; Finerman's Firm And Finerman Own (CVS); Finerman's Firm And Finerman Own (JPM); Finerman's Firm And Finerman Own (RIG), (RIG) Calls; Finerman's Firm Owns (WFC) Preferred; Terranova Owns (PFE), (SWN), (XCO), (TER); Terranova Owns (C) May Calls; Terranova Is Long Gold June 2010 Futures; Terranova Is Short (CMA); Edwards Owns (VXX); Kelly Owns (FXE) Puts; Kelly Owns (FXB) Puts; Cortes Is Long Treasuries; Cortes Is Long U.S. Dollar; Nations Owns (SPY)

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 (AMKR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Whitney Tilson
Funds Managed By Whitney Tilson Own (BUD)
Funds Managed By Whitney Tilson Own (BRK.A)
Funds Managed By Whitney Tilson Own (BRK.B)
Funds Managed By Whitney Tilson Own (MSFT)
Goldman Sachs Is A Prime Broker For Funds Managed By Whitney Tilson

For Anthony Scaramucci
Scaramucci Owns (WMT), Skybridge Owns (WMT)
Scaramucci Owns (PFE), Skybridge Owns (PFE)
Scaramucci Owns (MRK), Skybridge Owns (MRK)
Scaramucci Owns (GS), Skybridge Owns (GS)
Scaramucci Owns (MS), Skybridge Owns (MS)
Scaramucci Owns (JPM), Skybridge Owns (JPM)

For Patty Edwards
Edwards Owns (SPY) For Clients
Edwards Owns (QQQQ) For Clients
Edwards Owns (WMT) For Clients
Edwards Owns (PFE) For Clients
Edwards Owns (MRK) For Clients
Edwards Owns (BMY) For Clients
Edwards Owns (AAPL) For Clients
Edwards Owns (MS) For Clients
Edwards Owns (JPM) For Clients
Edwards Owns (BAC) For Clients
Edwards Owns (C) For Clients
Edwards Owns (WFC) For Clients
Edwards Owns (EEM) For Clients
Edwards Owns (GLD) For Clients
Edwards Owns (PGM) For Clients

For Brian Kelly
Kanudrum Capital Is Long U.S. Dollar
Kanudrum Capital Owns (TLT)
Kanudrum Capital Owns (GLD)
Kanundrum Capital Owns (GFI)
Kanundrum Capital Owns (AUY)
Kanundrum Capital Is Short (DE)
Kanundrum Capital Is Short (NUE)
Kanundrum Capital Is Short (FDX)
Kanundrum Capital Is Short (XOM)
Kanundrum Capital Is Short (HES)
Kanundrum Capital Is Short (IBM)
Kanudrum Capital Is Short Euro
Kanudrum Capital Is Short British Pound
Kanudrum Capital Is Short Yen
Kanudrum Capital Is Short Swiss Franc



CNBC.com with wires

  Price   Change %Change
ABT
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CVS
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PFE
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WMT
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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