Fast Money

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Fast Money

No.1 - Preserve Your Reserves

In a tumultuous tape like this, could consumer product companies help you preserve your returns? Tupperware’s (TUP) stock surged 23% to a 10-year high on earnings Wednesday. Also, Clorox (CLX) reports Thursday and Procter and Gamble (PG) comes out Friday. Is this the way to go?

Jeff Macke says PG is a buy in this tape. He explains that the consumer products space provides the kind of stability he wants in a volatile market environment.

Guy Adami also likes PG for the way the company is integrating Gillette.

Pete Najarian concurs. He also likes Colgate (CL).

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Preserve Your Returns

Eric Bolling recommends buying the Consumer Staples Select Sect. SPDR (XLP).

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Trader disclosure: On Aug 1st 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 (DIS),(ATVI) Najarian Owns (GS), Bolling Owns (DIS), (T), Bolling Has Closed Out Of His Short S&P Futures Trade, Bolling Has Closed Out Of His Short Nasdaq Futures Trade