Crude oil prices today reached a 13 year low, dropping another 6.7% today. That’s got to be the easiest trade ever, just fading oil every day for the last few weeks, bears are printing money this year. Dow was down as much as 565 points today before the shorts took profits and ultimately closed down 1.5% today.
CNBC FAST MONEY FINAL TRADES 01/20/2016
Pete Najarian – Buy Microsoft Corporation (MSFT), trading at $50.79 as of closing 01/20/2016, solid company ready to go higher
Brian Kelly – Buy Philip Morris International, Inc. (PM), trading at $85.86 as of closing 01/20/2016, if you’re itching to buy something even in this market, pays a nice dividend, outperforming the market
Karen Finerman – Buy NorthStar Realty Finance Corp. (NRF), trading at $11.20 as of closing 01/20/2016, a yields trade, stock has been absolutely crushed, trading well below book value, it now pays a 27% yield.
Guy Adami – Buy Macy’s (M), trading at $39.73 as of closing 01/20/2016, Macy’s has been trading well since it last gave a lousy guidance.