Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,445.21
    +63.86 (+0.76%)
     

  • Bitcoin USD

    63,302.67
    +1,913.77 (+3.12%)
     

  • CMC Crypto 200

    1,307.57
    -50.44 (-3.73%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • Dow

    39,387.76
    +331.36 (+0.85%)
     

  • Nasdaq

    16,346.26
    +43.46 (+0.27%)
     

  • Gold

    2,373.70
    +33.40 (+1.43%)
     

  • Crude Oil

    79.68
    +0.42 (+0.53%)
     

  • 10-Yr Bond

    4.4750
    +0.0260 (+0.58%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Stocks to scoop up as the market moves lower

Luqman Adeniyi
Stocks to scoop up as the market moves lower

The "Fast Money" traders discuss how they could take advantage of the drop in U.S. equities on Tuesday, after uncertainty over health-care reform and a drop in financials lead the stock market to one of its worst days in months.

Trader Tim Seymour said he likes the euro (Exchange:EUR=) and the iShares MSCI Turkey ETF (NYSE Arca: TUR). He said that he expects more strength in the European currency and that U.S. volatility helps overseas markets.

Trader David Seaburg said he likes "down-and-out names" Coach (COH) and JetBlue Airways. (JBLU) He said JetBlue has been an under performer and should see a move higher soon and should be a great stock to own into the future.

Trader Guy Adami said he likes Wynn Resorts (WYNN). He said the hotels and casino operator's stock will make a breakout soon and reach at least $116. The stock is up 25 percent in the last three months and closed at $111.75 on Tuesday.

ADVERTISEMENT

Disclosures:

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.

Steven Grasso's firm is long AON, APC, CUBA, DIA, HES, ICE, KDUS, M

AT, MFIN, MJNA, MSFT, NE, RIG, SNAP, SPY, SQBG, TITXF, VRX, WDR, WPX, ZNGA. Steven Grasso is long CHK, EEM, EVGN, GDX, KBH, MJNA, MON, MU, OLN, PFE, PHM, T, TWTR. Grasso's children own: EFA, EFG, EWJ, IJR, SPY. NO SHORTS.

Tim Seymour is long ABX, AAPL, APC, AVP, BAC, BBRY, C, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD, MOS, MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, SQ,T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EEM, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM

David Seaburg: "Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore"



More From CNBC