Fast Money Picks For May 4

On CNBC's Fast Money Final Trade, Tim Seymour said that big companies in the iron ore space are going to stop overproducing. He wants to start buying Cliffs Natural Resources Inc CLF. Steve Grasso thinks that higher interest rates are good for Bank of America Corp BAC. He is a buyer of the stock. Brian Kelly is a seller of Utilities SPDR (ETF) XLU because higher interest rates are going to hurt the space. Guy Adami likes Metlife Inc MET. He explained that $52 is a break out level.