Fast Money Picks For August 12

, traders spoke about the stocks they are watching ahead of Wednesday's open. Tim Seymour is watching the media stocks and he thinks that they are going to test their lows on Wednesday. He would take profits in

. Brian Kelly has

on his watch list. He believes that $36 is an important support level for the stock and he explained that if the U.S. dollar strengthens on Wednesday, the best strategy would be to take a short position in

. Karen and Lucy Finerman will be watching

, which is going to report earnings on Wednesday. They are interested to hear if the management is going to mention restructuring. Guy Adami is watching crude oil and he thinks that there could be more downside ahead for the commodity.