Jon Najarian
The Monster thinks stocks are so oversold that investors won't be able to resist valuations. "I’m a buyer of stocks that people didn’t want on the sheets at all. On Friday I nibbled at Netflix," he says.
Steve Grasso
Fast Money's Governor thinks you should keep it simple and stick with what's working. And in this market that's utilities. "I own Dominion Resources. It’s a shining spot in a nightmare. Or you can look at Southern," he says.
Patty Edwards
Fast's 'Best of the Northwest' trader says to look for yield. "For me its long Kellogg . If corn and wheat come off their highs, it should help margins at this company," she says.
Also Edwards agrees with DocJ that the sell-off presents an opportunity to buy stocks that were oversold. "In that area look at Apache and Walter Energy. I think they could both snap back," she says.
Dan Dicker
A new Fast contributor, oil pro Dan Dicker thinks there's value to be found in the energy sector. "Oil has been making higher lows for the past 3-years," he says. That’s bullish and should create value in oil stocks.
He says look at Baker Hughes. "I never thought I’d see it under $50. Also he likes Schlumberger "The market is pricing that one as if another oil well will never be drilled again," Dicker says.
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Trader disclosure: On Sep 30, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Dicker is long oil; Dicker is long SLB; Dicker is long APA; Jon Najarian Owns NFLX call spread; Edwards owns APA; Edwards owns XLK; Edwards owns COP; Grasso owns AKS; Grasso owns AMD; Grasso owns ASTM; Grasso owns BA; Grasso owns BAC; Grasso owns C; Grasso owns D; Grasso owns JPM; Grasso owns LIT; Grasso owns LPX; Grasso owns MAR; Grasso owns MHY; Grasso owns NDAQ; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XHB; Grasso owns XLB; Grasso owns XLI
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