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In a contest for the best trader of
CNBC' Fast Money Halftime Report, Joe Terranova decided to close his position in
McKesson CorporationMCK and he bought
Pioneer Natural ResourcesPXD.
Josh Brown on Friday closed his position in
Ryder System, Inc.R because it fell below its 200-day moving average. He thinks that it is no longer a leader and the competition is too short to hold stocks that are not leaders. He still likes the company, but he is following strict rules and he doesn't want to make emotional decisions. He hasn't decided yet about the stocks he wants to buy, but his strategy is to buy market leaders.
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