Today was the lowest close for stocks since April 15th 2014. Dow was down 400+ points at its lows of the day. On the bright side, the market closed well off the lows today, but market still got rocked selling off 1.5%. Guy Adami does not think the worst is over and S&P will still test the 1780 level. The crude oil price today tanked another 2.5%, which didn’t help the bulls either.
CNBC FAST MONEY FINAL TRADES 02/08/2016
Pete Najarian – Buy MacDonalds (MCD), unusual trading activities in the options world, go long MCD
Dan Nathan – Buy PayPal (PYPL), was looking for $31 entry and it’s getting there
Karen Finerman – Buy WeightWatchers (WTW), the stock has almost given back the entire gain from the Oprah deal, it’s worth watching
Guy Adami – Buy Texas Instruments (TXN)