Market Fisher's  Instablog

Joe Terranova suggests long Tiffany (TIF).

Guy Adami recommends long Gilead (GILD) as a swine flu play.

Karen Finerman likes long American Axle (AXL). “It’s risky but I think it works out,” she says.

Pete Najarian thinks OptionsXpress (OXPS) is a buy due to options activity.

FINERMAN’S REIT TRADE

Considering so many investors believe commercial real estate is the next problem child, how should you trade the space?

I think the shoe has dropped already and that the short commercial real estate trade is over, says Karen Finerman. I would no longer short REITs. They've come down a lot, many have been able to raise capital and the financing market are open again.

PROP DESK: ENGINEERING TRADES

Pete Najarian suggests putting engineering stocks on your radar. He likes the entire space for low P/Es and high upside.

Disclosure: None

Tim Seymour suggests short Petrobras (PBR) .

Guy Adami recommends short J. Crew (JCG)

Joe Terranova prefers long Alpha Natural Resource (ANR) .

Pete Najarian says, “Mosaic (MOS) – keep an eye on her” due to recent options action.

 

FAST MESSAGES

Michael from California

Michael writes, “Guy, now that the selling has begun, is there a key level I should be watching on the S&P to indicate further selling to the downside?”

I think 970 is a key level, says Guy Adami. And a close below 970 probably means the S&P is going to 905.

Disclosure: None

Guy Adami suggests long Medco Health (MHS). (Click here to see Fast Money's interview with Medco CEO David Snow.)

Joe Terranova says, “I’ve talked about being short Essex Property (ESS) but I’ve taken off 80% of my short position.

Pete Najarian thinks Watson (WPI) is a buy. “Gotta’ love these generics,” he says.

Karen Finerman doesn’t have a stock pick, sorry.

Disclosure: None

RED: PETROLEO BRASILEIRO (PBR) +61.85%
BLUE: TRANSOCEAN (RIG) +60.50%
YELLOW: SUNCOR ENERGY (SU) +57.13%
GREEN: BP (BP) +10.8%
BLACK: HESS (HES) -5.69%
Orange: CHEVRON (CVX) -5.45%
Purple: EXXON MOBIL (XOM) -13.38%

All Performance excludes dividends

Disclosure: None

Guy Adami recommends long Cracker Barrel (CBRL). (Click here for Fast Money's interview with Cracker Barrel CEO Mike Woodhouse.)

Steve Grasso suggests long Apple (AAPL) .

Jon Najarian thinks Citigroup (C) is a buy.

When Melissa Lee asked Joe Terranova for his final trade he shouted “China!”

 

PROP DESK: TWEEN TRADE

With tweens wielding $40 billion in spending power and heading back to school, how should you trade?

I’d put Pacific Sun (PSUN) on the radar, counsels Guy Adami. Pali Capital upgraded shares to ‘buy’ from ‘neutral’ citing low expectations for the stock.

Or check out Disney (DIS) , adds Jon Najarian.

Disclosure: Long- (C)

Disclosure: Long SIRI, Long December $1.00 call options