Fast Money Picks For December 9th (XLF, XLB, DMND, OC, MCD)

On CNBC's Fast Money, Joe Terranova recommended investors to try a pairs trade. He wants to take a short position in Materials SPDR (ETF) XLB, and a long position in Financial Select Sector SPDR (ETF) XLF. XLB fell 1.05% today, and XLF gained 1.61%. Guy Adami likes Diamond Foods, Inc. DMND, and wants to buy it tomorrow. This company posted better than expected results today, and it gained 3.86% in the after hours. Karen Finerman thinks that investors should watch closely Owens Corning OC. She thinks that it would be wise to buy this stock, after it cools off. Owens Corning (OC) spiked 2.75%, and closed at $28.77. Pete Najarian is a buyer of McDonald's Corporation MCD. He thinks that this stock is going higher. McDonald's Corporation (MCD) fell 1.99% on Wednesday.