Your First Move For Wednesday August 11th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Brian Kelly suggests longthe Silver ETF in the wake of the Fed decision.
Tim Seymour recommends longMechel as a bullish bet on steel prices.
Joe Terranova prefers longBaxter International .
Karen Finerman says with Philip Morris making a 52-week high "it’s time to sell into the strength."
Pete Najarian thinks Akamai is a buy after insiders snapped up shares around $40.
BIGGEST FED WINNER: UTILITIES?
The utility ETF made noteworthy gains on Tuesday, as investors sought the safety of these high yielding stocks after the Fed's pledge to keep rates low.
How should you position now?
In the space I like to identify mean reversion trades, says Joe Terranova, that is utilities that have under performed relative to the rest of the group. Take a look at PG&E.
I play it long Telefonica , says Tim Seymour or look at Electrobras in Brazil.
*Hear more about the utilities trade from analyst Hugh Wynne of Sanford Bernstein. Watch the video now!
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