Here’s our Fast Money Final Trade, where the traders give you the best plays for Thursday.
Brian Kelly of Kanundrum Capital recommends buying SPDR Gold Shares .
Joe Terranova of Vitrus Investment Partners is bullish the ag trade and recommends buying Potash .
If you think the market is only in "correction mode," Guy Adami of Drakon Capital recommends going with industrials. Look for Caterpillar if it should get to $66 a share.
Karen Finerman of Metropolitan Capital Advisors likes McDonald's , which she notes increased same-store sales numbers. She also likes that it has exposure outside of the US.
Jon Najarian of optionMONSTER.com think Cisco Systems could bounce in the next few weeks. He would buy if the share price goes below $21.
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YOUR TOP SAFE HAVEN PLAYS
In a tough market, the Fast Money desk wants to provide you with some safe haven plays.
Brian Kelly of Kanundrum Capital recommends going with SPDR Gold Shares . If currencies were to devalue, he says gold tends to go higher. The best non-correlated asset over the past decade has been gold, added Joe Terranova of Vitrus Investment Partners. He recommends having a small percentage in your portfolio.
Karen Finerman of Metropolitan Capital Advisors has been in the medical products space. It will drop some, she says, but "probably less than the market."
Guy Adami of Drakon Capital likes PG & E , which he admits you won't get rich with. The valuation is also high, but he thinks it's a good place to hide out.
Jon Najarian of optionMONSTER.com suggests shorting the triple short, SQQQ . (Essentially he's getting long the market.) He notes it was up by 8% Wednesday.
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Trader disclosure: On Aug 11, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova owns (AKAM), (BAX), (FCX), (MOS), (PFE), (SU), (XBI); Terranova owns (GLD) Calls; Adami owns (AGU), (BTU),. (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman and Finerman’s Firm owns (BAC); Finerman and Finerman’s Firm owns (JPM); Finerman & Finerman's firm owns (RIMM); Finerman owns (AAPL); Finerman's firm owns (ARM); Finerman’s firm owns (BBY); Finerman's firm owns (LEA); Finerman’s firm owns (KFT); Finerman’s firm owns (TSX); Finerman’s firm owns (GYMB); Finerman’s firm owns (PLCE); Finerman's firm owns (WMT); Finerman's firm owns (DAN); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Jon Najarian owns (AKAM) short calls
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