Fast Money Picks For May 12th (PM, NYX)

On CNBC's Fast Money, Anthony Scaramucci recommended a long position in Philip Morris International Inc. PM. He sees PM as a defensive stock. Philip Morris International Inc. PM closed at $48.35 today. Steve Grasso likes NYSE Euronext NYX. NYSE Euronext NYX dropped 0.03% today and closed at $30.72. It had a volume of 2.47M traded shares. Guy Adami and Joe Terranova think that it is best to stay with the trade that works, so they reiterate their trading ideas from Monday. Guy Adami wants to short euro, and Joe Terranova likes a long position in gold.