Market Overview

Fast Money Picks For August 14

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CNBC Fast Money's Pete Najarian said on a segment of the show called "Fast Money Final Trade" that the pipelines have been very active and that Markwest Energy Partners LP (NYSE: MWE) should be bought on Thursday. Markwest Energy Partners gained 0.04 percent and closed at $74.54 on Wednesday.

Brian Kelly wants to buy Market Vectors Gold Miners ETF (NYSE: GDX). He said that Russia could lift the price of gold if it decides to back the ruble with gold. GDX gained 0.11 percent and it closed at $27.46.

Jon Najarian is a buyer of Generac Holdings (NYSE: GNRC). Najarian made fun of Brian Kelly's comment about gold and ruble by saying that if Putin decides to buy every generator on earth Generac would trade much higher and that is just as likely to happen as the ruble backed by gold scenario.

Guy Adami said that Michael Kors Holdings (NYSE: KORS) is still a buy. It held above the support from January. Michael Kors gained 1.65 percent and it closed at $78.82.

Posted-In: Brian Kelly Guy AdamiCNBC Long Ideas Fast Money After-Hours Center Media Trading Ideas

 

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