Huge day for the bull today, a killer rally to start off the month of March. S&P was up 2.39% on the day, closing at 1978. Guy Adami thinks it’s trading up to 2025 level and then fail at that level. What gave traders hope about this rally is the fact that the financials finally joined the party, it had been a huge lagger over the last month. As usual, Nathan does not believe in this rally, and even Karen bought SPY puts toward the end of the trading session today.
CNBC FAST MONEY FINAL TRADES 03/01/2016
Pete Najarian – Buy United Continental Holdings, Inc. (UAL), Pete loves the airlines, sector has been rallying, giddy and up
Dan Nathan – Buy iShares 20+ Year Treasury Bond (TLT), if you see 125 in near future, go long
Karen Finerman – Buy Oaktree Capital Group, LLC (OAK), if you want to get into the distressed energy market, take a look at OAK
Guy Adami – Buy Marathon Oil Corporation (MRO)