Both the Dow and S&P traded higher on Monday with the market on pace for a 5 percent gain this quarter.
With only days left until the end of month and the end of the quarter, what should be on your radar?
CNBC's Fast Money pros think it’s a good time to take a look at the best and worst performing stocks of the past 3 months.
First the winners:
1st Quarter Winners
Quarter to Date Performance
Micron +45%
Tesoro +45%
Big Lots +44%
Marathon Oil +43%
Cabot Oil & Gas +39%
What's the trade?
Instant Insights with the Fast Money traders
Fast Money traders Steve Grasso and Pete Najarian call one of the names on the list perfect for trading.
And that stock is Micron. ”It’s a lot like Intel,” they say. In other words it tends to trade in a range. “And that makes it perfect for trading,” they say.
Grasso adds that with this kind of stock it’s important to be cognizant of levels.
“Keep an eye on the February highs which are $11.95,” he says. “Whenever the stock gaps higher historically it comes back in. I’d give it a couple more days. And if it fails $11.30 should be support."
Another stock Steve Grasso suggests could be perfect for trading is CPX. "I'm buying it on seasonality alone. Forget about fundamentals, I know it was downgraded today."
He goes on to say returns could be as high as 20% in April; that over the last 5 years April has been a very strong month for this company.
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Now the losers:
1st Quarter Losers
Quarter to Date Performance
Monster Worldwide -35%
F5 Networks -29%
Motorola Solutions -26%
Tellabs -22%
Radioshack -23%
What's the trade?
Fast trader Steve Cortes is watching the decline in Monster Worldwide. “I’ve been short many times,” he says. And he adds other staffing companies such as Manpower and Paychex have also started to roll over a bit. “I think these stocks are starting to tell us the jobs recovery is in doubt.”
