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May’s Big Winners, Momentum Play In June?

Friday, 28 May 2010 | 5:47 PM ET

You likely know that big cap stocks took a big hit during the month of May. Perhaps big hit is an understatement.

The Dow closed out the month with its biggest May point drop since 1940 as investors feared troubles in Europe could lead to a global slowdown.

Take a look:

Some of May's Worst Dow Performers
Microsoft Down 15%
Cisco Down 13%
Alcoa Down 13%
American Express Down 12%
GE Down 11%

While big cap lost big, some under the radar stocks saw big gains.

Some of May's Best Performers
Sprint Up 21%
Sandisk Up 16%
Pactiv Up 12%
NetApp Up 9%
McKesson Up 8%

Should you take profits or do you continue to ride them higher?

Under the Radar
Insight on the markets now, including stocks that seem to be flying under the radar, with the Fast Money traders. And Richard Kang's ways to play oil in emerging markets.

What’s the trade?

I love the name and I love the story but don’t get into NetApp now, says Guy Adami. It’s rich here. If you’re in it, take profits and if it trades down to $34 then be a buyer.

Sprint is my favorite, adds Brian Kelly. If you can buy it lower – around $4.50 -- I’d get in.


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TRADER DISCLOSURE: ON MAY 28, 2010, THE FOLLOWING STOCKS AND COMMODITIES MENTIONED OR INTENDED TO BE MENTIONED ON CNBC’S FAST MONEY WERE OWNED BY THE FAST MONEY TRADERS; IUORIO OWNS (GE), (C), (FXC), (FXA),; IUORIO IS LONG VOLATILITY IN S&P FUTURES; TERRANOVA OWNS (FTO), (IPSU), (RSX), (PFE), (STLD), (TER), (APA), (YHOO), (AXP), (BMO), (BBY), (DIS), (XCO), (BTU), (SWN), (GLD); GRASSO OWNS (DCPA), (ASTM), (ABK), (BP), (BAC), (BGP), (C), (DYN), (JPM), (LPX), (NDAQ), (PRST), (CGP), (JPM); KARABELL OWNS (CSCO), (AAPL), (SLB), (GOOG), (BRCM), (C), (GS); ADAMI OWNS (AGN), (C), (GS), (INTC), (MSFT), (NUE), (BTU); SCARAMUCCI OWNS (GOOG); (GS), (KFT), (PFE); TERRANOVA OWNS (FTO), (IPSU), (RSX), (PFE), (STLD), (TER), (APA), (YHOO), (AXP), (BMO), (BBY), (DIS), (XCO), (BTU), (CVS), (IPI), (TEVA), (FXB), (GLD); KELLY OWNS (FXE) CALLS; KELLY OWNS (IBM) CALLS; KELLY OWNS (STD) CALLS

FOR STEVE GRASSO:
STUART FRANKEL AND ITS PARTNERS OWN (AMR)
STUART FRANKEL AND ITS PARTNERS OWN (BAX)
STUART FRANKEL AND ITS PARTNERS OWN (CUBA)
STUART FRANKEL AND ITS PARTNERS OWN (DHR)
STUART FRANKEL AND ITS PARTNERS OWN (DYN)
STUART FRANKEL AND ITS PARTNERS OWN (GERN)
STUART FRANKEL AND ITS PARTNERS OWN (GS)
STUART FRANKEL AND ITS PARTNERS OWN (HSPO)
STUART FRANKEL AND ITS PARTNERS OWN (MERC)
STUART FRANKEL AND ITS PARTNERS OWN (NWS.A)
STUART FRANKEL AND ITS PARTNERS OWN (NYX)
STUART FRANKEL AND ITS PARTNERS OWN (PDE)
STUART FRANKEL AND ITS PARTNERS OWN (PFE)
STUART FRANKEL AND ITS PARTNERS OWN (PRST)
STUART FRANKEL AND ITS PARTNERS OWN (RDC)
STUART FRANKEL AND ITS PARTNERS OWN (SYMC)
STUART FRANKEL AND ITS PARTNERS OWN (TLM)
STUART FRANKEL AND ITS PARTNERS OWN (TRV)
STUART FRANKEL AND ITS PARTNERS OWN (XRX)
STUART FRANKEL AND ITS PARTNERS OWN (SDS)
STUART FRANKEL AND ITS PARTNERS OWN (TBT)
STUART FRANKEL AND ITS PARTNERS ARE SHORT (QQQQ)

FOR ANTHONY SCARAMUCCI
SKYBRIDGE OWNS (GS)
SKYBRIDGE OWNS (GOOG)
SKYBRIDGE OWNS (KFT)
SKYBRIDGE OWNS (PFE)
SKYBRIDGE IS SHORT (WMT)

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 PATTY EDWARDS:
EDWARDS OWNS (BP) FOR CLIENTS
EDWARDS OWNS (RIG) FOR CLIENTS
EDWARDS OWNS (MS) FOR CLIENTS
EDWARDS OWNS (JCG) FOR CLIENTS
EDWARDS OWNS (BKE) FOR CLIENTS
EDWARDS OWNS (COH) FOR CLIENTS
EDWARDS OWNS (COST) FOR CLIENTS
EDWARDS OWNS (WMT) FOR CLIENTS
EDWARDS OWNS (AZO) FOR CLIENTS
EDWARDS OWNS (HD) FOR CLIENTS
EDWARDS OWNS (WMFI) FOR CLIENTS
EDWARDS OWNS (V) FOR CLIENTS
EDWARDS OWNS (GOOG) FOR CLIENTS
EDWARDS OWNS (WFMI) FOR CLIENTS
EDWARDS OWNS (VXX) FOR CLIENTS
EDWARDS OWNS (GLD) FOR CLIENTS
EDWARDS OWNS (PGM) FOR CLIENTS

FOR BRIAN KELLY
KANUNDRUM CAPITAL OWNS (STD)
KANUNDRUM CAPITAL OWNS (IBM)
KANUNDRUM CAPITAL IS SHORT THE EURO
KANUNDRUM CAPITAL IS SHORT THE YEN
KANUNDRUM CAPITAL IS SHORT THE SWISS FRANC
KANUNDRUM CAPITAL IS SHORT THE BRITISH POUND

FOR RICHARD KANG
EMERGING GLOBAL ADVISORS OWNS (PTR) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (PBR) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (LFC) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (BBD) IN ITS FUNDS
EMERGING GLOBAL ADVISORS OWNS (IBN) IN ITS FUNDS



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