Fast Money Picks For November 6: Tesla, Southern Co, Medtronic

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CNBC Fast Money's
Tim Seymour said on the show that he is a buyer of
Market Vectors Oil Services ETFOIH
because it is oversold. OIH jumped 2.80 percent on Wednesday. Dan Nathan was caught on the wrong side of a trade in
Tesla Motors IncTSLA
after the stock jumped 7.15 percent in after-hours trading. He thinks that this is just a short squeeze and that it won't hold $250 on Thursday. Traders with a long position should take profits on this move, thinks Nathan. He also recommended a short position in the name. Steve Grasso thinks that investors are still hunting for yield. He would buy
Southern CoSO
, which added 2.17 percent on Wednesday. Guy Adami likes
Medtronic, Inc.MDT
and he wants to buy it on Thursday.
Medtronic
gained 1.13 percent on Wednesday.
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Posted In: CNBCShort IdeasFast MoneyMediaTrading IdeasDan NathanGuy AdamiSteve GrassoTim Seymour
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