After today’s big sell-off, Eric Bolling likes streetTRACKS Gold Shares (GLD).
Karen Finerman would start selling some puts tomorrow if the market is down again, but she’d be a buyer of ConocoPhilips (COP).
Pete Najarian likes Biogen Idec (BIIB) because it isn’t majorly affected by the broader market – and a new buyback should take it much higher.
Jeff Macke recommends Electronic Arts (ERTS) as a trade ahead of its conference, “but sell them into that strength,” he says, “and stay long Activision (ATVI).”
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Trader disclosure: On July 10th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Macke Owns (ATVI), (JWN); Najarian Owns (DNDN),Finerman's Firm And Finerman Own (HD), (NMX), (WMT), S&P Puts Bolling Owns (ICE), (NMX), (T), Gold, Silver, Natural Gas, Copper, Corn