Stocks have moved up faster in the last 5 months than they have in 70 years with the S&P 500 rocketing higher by 34%.
But as we reach the conclusion of an amazing earnings season stocks could be headed sideways. August is vacation month, and if the big money heads to the Hamptons it will likely cause this rally to lose its rocket fuel.
So during this slow summer burn let's put away the high-octane trading strategies - and slow it down a bit.
All this week, Fast Money’s giving you their picks for the really long haul - the next 5 years.
The Ambasador suggests putting Ford on your radar.
Not only is government is behind the company, at least implicitly, they have emerged as a leaner and meaner company as a result of the downturn, he says. Also sales are up in Latin American and Asia which says to me that they’re a player all over the globe.
What’s the bottom line?
Ford is a solid play for the long haul, he says.
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Trader disclosure: On Aug 3rd, 2009, 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 (MSFT), (MCD), (AMZN); Terranova Works For (VRTS); Terranova Is Short (TM); Seymour Owns (AA), (AAPL), (BAC), (BHI), (F), (RIMM), (YHOO), (EEM); Seymour's Firm Is Short (PBR); Seymour Owns (POT); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY); Finerman's Firm Is Short (WFMI); Grasso Owns (BAC), (BA), (COST), (CSCO), (FAZ), (OXY), (V), (WMT), (XLF); Grasso's Company Owns (ABT), (GERN), (MSFT), (NWS.a), (NYX), (PDE), (RDC), (ROK), (XOM), ;Grasso's Company Owns (SDS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU)
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