Roughed Up Stocks


Monday’s market action was choppy at best. But amid the rollercoaster ride Fast Money contributor Zach Karabell suggests putting two stocks on your radar.

On CNBC’s Closing Bell Karabell tells Melissa Lee that he’s not reading too much into Monday’s market action.

“We could be trading in a range for a while but there are still opportunities in the markets.”

And Karabell has his eye on two names that are badly beaten up; United Technologies and Textron. Their charts are to your left.

Essentially Karabell feels these are two cases where the baby is being thrown out with the bath water. “worst case scenarios for industrial activity are already reflected in their prices.”

But that doesn't mean rush into these names. “I’m not saying go out and buy them now,” counsels Karabell.

Instead, put them on your radar. And remember, they say good things come to those who wait.

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Trader disclosure: On Mar. 16th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (GE), (GS), (MS), (SDS), (MOS); Macke Is Short (BRK.b); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (KCE), (JPM), (X), (POT), (WYNN), (XBI), (HESS), (INTC), (BRCM), (DELL), (JOYG), (FXC), (EOG); Terranova Owns (IBM) & (IBM) Calls; Terranova Owns (DIS) & (DIS) Calls; Terranova Owns (COP) Calls; Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns MACI Oil Futures; Karabell Owns (BHP), (CSCO), (FCX), (FXI), (GOOG), (GLD), (GE), (JPM) with wires