Fast Money Traders Share Their Picks Ahead Of The Election

Tim Seymour said on CNBC's Fast Money that he would be a buyer of United States Steel Corporation X and Cemex SAB de CV (ADR) CX ahead of the election.

Steve Grasso would be in cash leading into the election, but he thinks stocks like Monsanto Company MON, NXP Semiconductors NV NXPI and Time Warner Inc TWX could become interesting after the election.

Brian Kelly thinks there could be some inflation ahead and he wants to buy gold. One way to get a long exposure in gold is by purchasing SPDR Gold Trust (ETF) GLD.

Guy Adami is a buyer of U.S. Bancorp USB. He thinks it's the most conservative bank, but its valuation might be a little bit stretched. He added that he can't be extremely bullish until iShares Russell 2000 Index (ETF) IWM gets above $126 or $130 level.