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.
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.