There’s nothing wrong with being picky. In fact, that’s probably the only way to survive this market.
And if you’re going to pick stocks, the fast Money traders say the best place to look is technology. That’s because they feel that when the economy turns technology stands to benefit early, as companies increase their IT spending.
What do they like?
Take a look at Adobe,” counsels the Pit Boss. In this terrible tape they finished to the upside. They’ve done a lot of cost cutting and have become much more efficient.
I’d look at Cree,” adds the Negotiator. They make LED lighting which plays into the energy efficiency trade. Also there’s huge short interest in this stock. However, right now it’s a little rich. But it’s a buy on a dip.