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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 Co CLX 1.51%. He thinks they're oversold.

Guy Adami believes Target Corporation TGT 0.17% has more upside potential than Freeport-McMoRan Inc FCX 1.3%, Caterpillar Inc.CAT 0.38% and Goldman Sachs Group Inc GS 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 Fund XLF 0.13% and The Industrial Select Sector SPDR Fund XLI 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.

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