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Fast Money’s Watch List

Monday, 24 May 2010 | 5:33 PM ET

They say good things come to those who wait. Which stocks are the Fast Money traders waiting on?

Guy Adami


I'm watching IBM, the Negotiator says. They have a great balance sheet and an incredible recurring revenue stream, he says. 121 was resistance but now I think it's support.

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Tim Seymour

ConocoPhilips, Royal Dutch Shell, and Total are all on my radar, says the Ambassador. They're all trading off due to the gulf oil spill and I'd think they're oversold.

Mike Khouw

I'm looking at Chevron, says the Options Action trader. Also Home Depot, Lowe's and Cisco are attractive.

Karen Finerman

Citigroup and Johnson & Johnson are both on my radar, says the Chairwoman.

Gary Kaminksy

If we stabilize, I think technology will outperform on a relative basis, says the veteran trader. But that’s not until the capital markets are functioning properly.



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Trader disclosure: On May 24, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (BAC), (BX), (AAPL), (RTP) (F), (IBM); Karabell owns (GS), (C); Jon Najarian owns (AXL); Grasso Owns (BP), (NDAQ), (DYN), (LPX), (ASTM), (ABK), (BAC), (C), (JPM), (X); Adami Owns (C), (GS), (INTC), (MSFT), (NUE), BTU); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (ACL); Finerman's Firm Owns (ARG) Calls; Finerman's Firm Owns (BAC), (BAC) Calls; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (BP) Calls; Finerman Owns (GOOG); Finerman Owns (GS) Calls ; Finerman's Firm And Finerman Own (IBM); FInemran's Firm Owns (KFT); Finerman Owns (WFC) Preferred; Kelly owns (CAT) puts; Kelly owns (EMN) puts; Kelly owns (WYNN) puts; Kelly owns (EXPE) puts; Kelly owns (SPY) puts

For Mike Khouw
Cantor Fitzerald & Co. Is A Market Maker In (AAPL)
Cantor Fitzerald & Co. Is A Market Maker In (AMD)
Cantor Fitzerald & Co. Is A Market Maker In (BAC)
Cantor Fitzerald & Co. Is A Market Maker In (C)
Cantor Fitzerald & Co. Is A Market Maker In (DWA)
Cantor Fitzerald & Co. Is A Market Maker In (F)
Cantor Fitzerald & Co. Is A Market Maker In (FCX)
Cantor Fitzerald & Co. Is A Market Maker In (FNF)
Cantor Fitzerald & Co. Is A Market Maker In (GOOG)
Cantor Fitzerald & Co. Is A Market Maker In (GS)
Cantor Fitzerald & Co. Is A Market Maker In (IBM)
Cantor Fitzerald & Co. Is A Market Maker In (INTC)
Cantor Fitzerald & Co. Is A Market Maker In (JEF)
Cantor Fitzerald & Co. Is A Market Maker In (JPM)
Cantor Fitzerald & Co. Is A Market Maker In (MS)
Cantor Fitzerald & Co. Is A Market Maker In (QQQQ)
Cantor Fitzerald & Co. Is A Market Maker In (S)
Cantor Fitzerald & Co. Is A Market Maker In (SPY)
Cantor Fitzerald & Co. Is A Market Maker In (T)
Cantor Fitzerald & Co. Is A Market Maker In (WFC)
Cantor Fitzerald & Co. Is A Market Maker In (X)
Cantor Fitzerald & Co. Is A Market Maker In (XLF)
Cantor Fitzerald & Co. Is A Market Maker In (YHOO)

For Brian Kelly:
Kanundrum Capital Owns U.S. Dollars
Kanundrum Capital Owns (TLT)
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns (GFI)
Kanundrum Capital Owns (AUY)
Kanundrum Capital Is Short (EXPE)
Kanundrum Capital Is Short (CAT)
Kanundrum Capital Is Short (EMN)
Kanundrum Capital Is Short (XLK)
Kanundrum Capital Is Short (XLF)
Kanundrum Capital Is Short (WYNN)
Kanundrum Capital Is Short (CME)
Kanundrum Capital Is Short (FXI)
Kanundrum Capital Is Short (RSX)
Kanundrum Capital Is Short (USO)

For Dennis Gartman:
Funds Managed By Gartman Own (GLD)
Funds Managed By Gartman Are Short Sterling, Euros
Funds Managed By Dennis Gartman Own (AAPL)

For Whitney Tilson:
Funds Managed By Whitney Tilson Are Short (ITB)

For Steve Grasso:
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (TRV)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (AAPL)

For Mark Mahaney:
Employees Of Citigroup Own (GOOG), (YHOO)
(GOOG), (YHOO), (AMZN), (EBAY) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets
Citigroup Global Markets Or Affiliate record non-investment banking compensation from (GOOG), (YHOO), (AMZN), (EBAY) in past 12 months
Citigroup Global Markets And/or Affiliates has a significant financial interest in relation to (GOOG), (AMZN), (EBAY)
Citigroup Global Markets Or Affiliates owns 5% or more of (YHOO)
Citigroup Global Markets Is A Liquidity Provider In (GOOG), (EBAY)
Citigroup Global Markets or affiliates owns 1% or more of (YHOO)
Citigroup Global Markets or affiliates owns 1% or more of (AMZN)
Citigroup is a market maker in (GOOG)
Citigroup is a market maker in (YHOO)
Citigroup is a market maker in (EBAY)
Citigroup is a market maker in (AMZN)

Other Relevant Disclosures:
Finerman's Firm And Finerman Owned (JPM) On 4/12/10


CNBC.com with wires

  Price   Change %Change
C
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COP
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CSCO
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CVX
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HD
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IBM
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JNJ
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LOW
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RDSA
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FP
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SPDR TEC SEL
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • 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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