CNBC’s Fast Money Traders discussed first trades for Monday October 16.
Tim Seymour said he likes Kroger (KR) as a U.S. based supermarket stock which is insulated from geopolitical problems. The company has strong catalysts, is taking market share and has performed well.
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Pete Najarian likes EMC (EMC) and thinks the stock is cheap enough that it is attracting a lot of buyers. Recently rumors that Cisco might take over EMC were dismissed and the stock dropped slightly on the same day.
Brian Kelley recommends the XLE (XLE) ETF, because he sees energy as a safe haven
Guy Adami likes Medtronic (MDT). The company received criticism for tax inversion with its Covidien acquisition, but the stock rose 3.5% on Friday.