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Halftime: 2 Stocks 'Perfect for Trading', Pros Say

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.”

Brian Kelly suggests putting money to work elsewhere. He likes long Monsanto. “It’s a trade I put on Friday and it’s one I’d put on today,” he says. “We have a lot of agricultural news coming out into the end of the quarter. And if there’s going to be any type of supply response Monsanto is the play.”

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CHART OF THE DAY: COPPER BREAKDOWN?

The Fast traders are also watching the action in copper, looking for opportunity. Copper has been among the weakest of the major metals and down the most in a week on Monday with decline triggered by "concerns that Japan will curtail auto production," explains host Melissa Lee.

What should you make of it?

Steve Grasso is looking for a breakdown due to demand destruction. He thinks the path of least resistance is lower.

Trader Steve Cortes thinks the action in the copper chart bodes poorly for Freeport McMoRan as well as BHP Billiton. "Those companies are headed for a lot more pain. I'd fading, I'm short the commodities," he says. "The main reason, I see is the trade in Emerging Markets which are mostly down on the year."

Pete Najarian cautions investors not to short Freeport aggressively. "It finds levels of support consistently. He says the same is true for Teck Resource and Southern Copper.

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HOUSING DATA TO MOVE MARKET THIS WEEK?

Pending home sales figures came in much better than expected on Monday. Is it springtime for a housing recovery?

"Spring is about the same as it was last year which means its decent," says Toll Brothers CEO Douglas Yearley, Jr. in a live interview. "There are great markets and markets that are not so good. We’re pretty sure we’re off the bottom but its up and down."

Don't make a move in this sector until you check out our entire conversation with Yearley. Watch the video now!




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Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Mar. 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian Owns (AAPL), (PFE), (TEVA), (TCK), (AKAM), (GE), (C) and (MS). Pete Najarian Owns (UNP) Calls. Pete Najarian Owns (BTU) Calls. Pete Najarian Owns (CNX) Calls. Pete Najarian Owns (HUN) Calls. Pete Najarian Owns (ICO) Calls. Pete Najarian Owns (RIMM) Calls. Pete Najarian Owns (WNR) Calls. Pete Najarian Owns (DLTR) Calls. Pete Najarian Owns (F) Bonds. Pete Najarian Owns (ALU) Bonds. Steve Grasso Owns (AMD), (ASTM), (BAC), (BAC), (C), (CSCO), (D), (JPM), (LIT), (LPX), (MHY), (MU), (NDAQ), Grasso Owns (PFE) and (PRST). Steve Cortes owns (TM), (GS), (CSX), (SDY), (EXC), (SO) and (RIMM). Steve Cortes Is Long USD vs. EUR. Steve Cortes Is Long USD vs. JPY. Steve Cortes Is Short (F). Steve Cortes Is Short (BAC). Steve Cortes Is Short (UNP). Steve Cortes Is Short (DBA). Steve Cortes Is Short Wheat. Steve Cortes Is Short Beans. Steve Cortes Is Short Silver.

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC

STEVE GRASSO
Stuart Frankel & Co. And Its Partners Own (CSCO)
Stuart Frankel & Co. And Its Partners Own (CUBA)
Stuart Frankel & Co. And Its Partners Own (GE)
Stuart Frankel & Co. And Its Partners Own (GERN)
Stuart Frankel & Co. And Its Partners Own (HPQ)
Stuart Frankel & Co. And Its Partners Own (HSPO)
Stuart Frankel & Co. And Its Partners Own (MSFT)
Stuart Frankel & Co. And Its Partners Own (NYX)
Stuart Frankel & Co. And Its Partners Own (PFE)
Stuart Frankel & Co. And Its Partners Own (PRST)
Stuart Frankel & Co. And Its Partners Own (SDS)
Stuart Frankel & Co. And Its Partners Own (UAL)
Stuart Frankel & Co. And Its Partners Own (XRX)
Stuart Frankel & Co. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. And Its Partners Are Short (AAPL)

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (EBAY)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (TSO)
Accounts Managed By Kanundrum Capital Own (VLO)
Accounts Managed By Kanundrum Capital Are Long Oil
Accounts Managed By Kanundrum Capital Are Long U.S. Dollar
Accounts Managed By Kanundrum Capital Are Short Copper
Accounts Managed By Kanundrum Capital Are Short Yen
Accounts Managed By Kanundrum Capital Own (MON)


CNBC.com with wires.

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BHP
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FCX
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MA
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MO
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MU
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MWW
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PAYX
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SCCO
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TCK.B
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TOL
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