Market Overview

Fast Money Picks For May 4

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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 (NYSE: CLF).

Steve Grasso thinks that higher interest rates are good for Bank of America Corp (NYSE: BAC). He is a buyer of the stock.

Brian Kelly is a seller of Utilities SPDR (ETF) (NYSE: XLU) because higher interest rates are going to hurt the space.

Guy Adami likes Metlife Inc (NYSE: MET). He explained that $52 is a break out level.

Posted-In: Brian Kelly CNBC Guy Adami Steve Grasso Tim SeymourMedia

 

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