On a disastrous day for the averages, the Fast Money traders discussed First Trade ideas for Friday October 10.
Tim Seymour would short Tesoro (TSO) because of its valuation and low utilization rates. JPMorgan has a favorable outlook on the sector going into earnings, according to Seekingalpha, but Seymour is bearish.
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Brian Kelley says that if futures are up on Friday, the iShares 20+ year Treasury bond ETF (TLT) is a buy.
Dan Nathan would sell PepsiCo (PEP). After a winning earnings report and the fact that consumer staples have not fallen yet, perhaps bears think things are as good as they are going to get for PepsiCo.
Guy Adami is bullish on Symantec (SYMN). The company announced it is splitting up into two companies, a security segment and a storage business. The stock has risen 1.9% on the news, and Guy Adami thinks it is headed higher.