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September Outlook with Jeff Palma of UBS

For the past several days, we’ve been talking with money pros about navigating September, historically a treacherous time for stocks.

On Thursday, Jeff Palma, Head of Global Equity Strategy, UBS tells us we’re still in for a pretty bumpy ride.

”We’re in a tough economic recovery characterized by de-leveraging. It’s one that means volatility will remain relatively high. I still think markets can move higher but I think it comes with a lot of volatility along the way,” he says.

How do you navigate?

Palma suggests long positions in companies that have good balance sheets as well as strong exposure to international growth.

"Coke comes to mind, McDonald's comes to mind and maybe even Caterpillar and Joy Global," says Pete Najarian after hearing Palma's forecast.

What else did Palma tell us? Get all the details. Watch the video now!





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Trader disclosure: On September 1, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long (AAPL) call spreads; Jon Najarian is long (JBL) call spreads; Jon Najarian is long (GLD) call spreads; Jon Najarian is long (FNSR) call spreads; Jon Najarian is long (CLWR); Jon Najarian is long (CCI); Jon Najarian is long (CIGX); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Pete Najarian owns (AAPL);’ Pete Najarian owns (C); Pete Najarian owns (HPQ); Pete Najarian owns (MS); Weiss owns (AAPL); Weiss owns (COP); Weiss owns (JPM); Weiss owns (QCOM); Weiss owns (DVN); Weiss owns (VZ); Weiss owns (TWM); Weiss owns (SDS); Weiss is short (X); Weiss owns (BTU)

For Brian Kelly
Accounts managed by Brian Kelly Capital own (TLT) options
Accounts managed by Brian Kelly Capital own (JJG) options
Accounts managed by Brian Kelly Capital are short (FXE) via options
Accounts managed by Brian Kelly Capital are short (SLV)
Accounts managed by Brian Kelly Capital are short (JJC)

Brian Stutland
Stutland Equities is a market maker holding positions in (VIX) futures and options and (VXX) stock and options
Stutland Equities holds hedged option positions in (SPX) and (SPY)

Carter Worth
**No disclosures

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