Despite seeing their best weekly performance in a month, the financials kicked off earnings season on a tepid note. The "Fast Money" traders debated what this means for earnings season, which kicks into full swing next week.
Two traders agreed that investors should take a closer look at the fertilizer names. Trader Brian Kelly is keeping an eye on Potash Corporation of Saskatchewan. Kelly said the stock has been under pressure and could surprise when it reports on April 28.
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Trader Tim Seymour agreed and said he thinks Mosaic is another fertilizer company to keep an eye on when it reports on May 4. Seymour explained that the stocks in this sector have been "priced for dead."
Trader Guy Adami is bullish on McDonald's which reports before the bell on April 22.
"This stock is within a whisper of its all-time high ... I think there's a good chance this stock continues to go to the next level. It's not a broken stock, but I think people continue to underestimate it," Adami explained.
Disclosures:
Guy Adami
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Steve Grasso
Steve is Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, KBH, MJNA, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long CVX, NE, OXY, RIG kids own EFA, EFG, EWJ, IJR, SPY
Brian Kelly
Brian Kelly is long BBRY, Bitcoin, GLD, SLV, TLT, US Dollar, UUP; he is short Aussie Dollar, BLK, British Pound, CS, DB, Euro, EWA, EWH, FRC, Hong Kong Dollar, UBS, SPY, Yuan, 5-Year Note Futures
Tim Seymour
Tim Seymour is long AAPL, AVP, BAC, BBRY, CLF, DO, EDC, EWZ, F, FCX, FXI, GM, GOOGL, GRMN, GE, GLNCY, INTC, LQD, MCD, MPEL, NKE, RACE, RAI, RL, SINA, T, TWTR, UA, VALE, VZ, XOM. Tim's firm is long BABA, BIDU, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO, short HYG, IWM, WYNN
