Published On: Wed, Oct 29th, 2014

4 Fast Money Trades for Wednesday: Freeport, HYG, Navios, Hartford

200282932-001The Fast Money Traders discussed four trades for Wednesday,

Tim Seymour said Freeport McMoRan (FCX) got destroyed on earnings, but has strong fundamentals with diversification. The stock reported disappointing earnings because of falling prices, particularly for copper.

Brian Kelley is short iShares Boxx High Yield Corporate Bond ETF (HYG) ahead of the Fed Meeting. If interest rates rise, bonds will become nearly as attractive as dividend stocks.

Karen Finerman is bullish on Navios Maritime (NNA). There is news it is going to become an MLP. The company recently beat earnings and Deutsche Bank gave a bullish note on the sector.

Guy Adami recommends Hartford Financial (HIG). The company beat earnings, has boosted earnings per share and has a buyback.

 

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