Actionable news
All posts from Actionable news
Actionable news in CVX: CHEVRON CORPORATION,

'Fast Money' Recap: 'Dash for Trash' Stocks Won't Last Much Longer

NEW YORK (TheStreet) -- Investors were looking for bargains Wednesday, and putting their money into beaten-down sectors including energy and materials.

But this "dash for trash" isn't likely to last too much longer, Pete Najarian, co-founder of and, said on CNBC's "Fast Money." The current stock rally has simply been too far, too fast. Najarian took profits in most of his energy holdings but started a position in Chevron (CVX - Get Report) .

General Electric (GE - Get Report) and DuPont (DD - Get Report) shouldn't be lumped in with the "trash," said Dan Nathan, co-founder and editor of These companieshave solid dividend yields as well as activist investors involved and helping push up the stock price. U.S. and global economic data are not improving, so there is no reason to assume things will...