Fast Money Picks For June 7th (TWM, WYNN, KKR, CHD, TLT, PEP)
On CNBC's Fast Money, Stephen Weiss said that he wants to take a short position in ProShares UltraShort Russell2000 (ETF) (NYSE: TWM). He believes that the market will continue to trade lower, and the small cap stocks will lead the way. ProShares UltraShort Russell2000 (ETF) (TWM) gained 3.14% today, and it closed at $45.69.
Dan Nathan said that if you think that Wynn Resorts, Limited (NASDAQ: WYNN) is vulnerable, you should buy puts in this name, and define your risk. Wynn Resorts, Limited (WYNN) fell 1.47% today, and it closed at $141.30.
Joe Terranova recommended a long position in KKR & Co. L.P. (NYSE: KKR). He suggested that it is safe to buy this stock, because not all the financials are created the same. KKR & Co. L.P. (KKR) lost 3.19% in the regular trading session, and it gained 0.73% in the after hours.
Guy Adami likes Church & Dwight Co., Inc. (NYSE: CHD), because it traded 1% higher on a weak tape. Church & Dwight Co., Inc. (CHD) closed at $40.39, and it had a volume of 480K traded shares.
Brian Kelly wants to buy iShares Barclays 20+ Year Treasury Bond (ETF) (NYSE: TLT) on Tuesday. iShares Barclays 20+ Year Treasury Bond (ETF) (TLT) fell 0.76%, and it closed at $95.60 today.
Pete Najarian is a buyer of PepsiCo, Inc. (NYSE: PEP). He thinks that this stock is going higher. PepsiCo, Inc. (PEP) fell 0.12% today, and it closed at $68.89.
