Fast Money Picks For January 5th (AM, HUI, QCOMM, FCX, CVI)

On CNBC's Fast Money, Joe Terranova recommended a long position in CVR Energy, Inc. CVI. He added that investors should not give up on the refining trade. CVR Energy, Inc. (CVI) fell 5.54% today, and closed at $14.65. Tim Seymour said that AMEX GOLD BUGS INDEX (HUI) has a little more to go. Brian Kelly thinks that QUALCOMM, Inc. QCOM should be bought on any weakness. QUALCOMM, Inc. (QCOM) jumped 1.57% on Tuesday. Karen Finerman wants to buy put options in Freeport-McMoRan Copper & Gold Inc. FCX on Wednesday. She believes that FCX advanced too fast. Freeport-McMoRan Copper & Gold Inc. (FCX) fell 0.69% today. Josh Brown is a buyer of American Greetings Corporation AM. He said that AM is breaking out, and he also likes the fact that short interest in this stock is 17%. American Greetings Corporation (AM) fell 0.99% in the regular trading session, and it added 2.08% in the after hours.