Fast Money Traders Share Their Trades In Current Market Environment
Tim Seymour spoke on CNBC's Fast Money about stocks that he would buy, while the market trades at record highs. He recommended a long position in Philip Morris International Inc.PM 0.45% and Clorox CoCLX 1.51%. He thinks they're oversold.
Guy Adami believes Target CorporationTGT 0.17% has more upside potential than Freeport-McMoRan IncFCX 1.3%, Caterpillar Inc.CAT 0.38% and Goldman Sachs Group IncGS 0.44%. Adami added that Target differentiates from Wal-Mart Stores, Inc.WMT 0.56% and its technology got much better.
Steve Grasso would lock profits in Financial Select Sector SPDR FundXLF 0.13% and The Industrial Select Sector SPDR FundXLI 0.55%. He sold his long position in United Rentals, Inc.URI 0.79%. He thinks there is some room on the upside for these stocks, but he believes it would be greedy not to sell.