After another wild session for stocks Wednesday, "Fast Money" traders picked plays that they felt would limit damage ahead.
Major U.S. averages bounced off their Wednesday lows and mounted a reversal before closing the session lower. All three are in correction territory, more than 10 percent lower than their 52-week intraday highs.
Bonds
Amid the swings, trader Guy Adami looked to the bond market. The price of the U.S. 10-year Treasury note rose Wednesday, sending its yield below 2 percent.
He called the iShares 20+ Year Treasury Bond ETF the "easiest" way to play the bond market. It has climbed 5 percent this year.
Microsoft
Trader Pete Najarian sees upside in Microsoft ahead of its quarterly results next week. He highlighted growth in the company's cloud computing business and touted its dividend yield.
Retail
Selling in retail has looked "overdone" relative to company fundamentals, said trader Karen Finerman. The Spdr S&P Retail ETF has fallen more than 9 percent this year, and she believes it has room to rise after the weakness.
Philip Morris
Trader Brian Kelly looked to tobacco company Philip Morris, which has beaten broader markets by falling about 2 percent this year. He outlined possible benefits like its dividend yield.
Disclosures:
Pete Najarian
Long AAPL, BAC, BKE, BMY, BP, DIS, DISCA, FOXA, GE, KO, MRK, PEP, PFE, he is long calls AAL, BAC, BX, CHS, GE, GDX, HAIN, LC, MSFT, NRF, WMB, WYNN, XBI, YDKN, he is long puts FCX, MRO
Brian Kelly
Brian Kelly is long BBRY, Bitcoin, GDX, GLD, SLV, TLT, US Dollar; he is short Aussie Dollar, British Pound, CS, DB, EWH, Hong Kong Dollar, HSBC, SPY, Yuan,
Karen Finerman
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY calls, URI, she is short SPY. Her firm is long ANTM, AAPL, BAC, C, C calls, FINL, FL, GOOG, GOOGL, JPM, KORS, LYV, MOH, NRF, PLCE, URI, her firm is short IWM, MDY, SPY. Karen Finerman is on the board of GrafTech International.
Guy Adami
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.