The guys go behind the headlines and give you their take on... the winners & losers this quarter...sinking corn prices... and more. Find out where they see fast money.
ACTION-PACKED QUARTER: WINNERS
The headline: The top performing sectors in the S&P 500 this quarter were materials, utilities and telecom.
The word: Tim Strazzini says one of the nice things about the recent swoon is that investors can buy telecom.
Eric Bolling says utilities and materials are hot, stay with them. He adds two of his picks are higher; Companhia Vale do Rio Doce (ADR) RIOis up 28%, and refiners like Tesoro (TSO) are up 35%
Dylan adds that Radio Shack (RSH) was the single best performing stock in the S&P 500 and Jeff Macke recommended investors buy this stock a few weeks back on “Fast Money”. Jeff thinks there’s still more room on this stock. Dylan adds Goodyear Tire (GT) was up 47% and Guy Adami recommended that stock.
ACTION-PACKED QUARTER: LOSERS
The headline: The worst performing sectors in the S&P 500 this quarter were consumer discretionary, information tech and financials
The word: Jeff Macke says when the financials aren’t leading, it’s very hard for the rest of the market to follow. Tim Strazzini adds he doesn’t think the financials will get ugly, but they won’t be the outperforming sector this year.
Dylan Ratigan says Advanced Micro Devices (AMD) was the worst performer for the S&P 500. Tim Strazzini and Guy Adami recommended investors short the stock. Tim Strazzini says although some of the semi’s will rally over the rest of the year, he believes AMD will be left behind.