The traders on CNBC’s Fast Money discuss trading for the coming week:
Pete Najarian would “bottom fish” in Goldman Sachs (GS). Goldman Sachs received a bullish note from MKM analysts David Trone and Pankaj Chitrakar that investment banking would rebound as volatility calms down and low volume is reversed.
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Steve Grasso says Southern Company (SO) is up 9%, but should increase, since utilities are strong in the current environment. Its yield also makes it a flight to safety play. The company is still dependent on coal, and cheaper imports benefit SO.
Brian Kelley notes that bitcoin rose 10% and is an asset investors may flee to as stocks seem volatile.
Guy Adami Intel (INTC) sees a “buyable” bottom in Intel. The company dropped on weak data from Microchip in China, but Intel bulls feel the company was unfairly punished.