The "Fast Money" traders laid out their investment strategies that would work no matter which candidate wins the U.S. presidential election.
Trader Pete Najarian said he would look at stocks that have already been "working" like semiconductor and financial stocks. He said that in particular, he would look at financial stocks that have been able to perform well in a low interest rate environment and have strong quarterly results. Najarian said stocks like Bank of America, JPMorgan Chase and Citigroup look attractive at current valuations.
Trader Steve Grasso disagreed and said the financials face major headwinds in regulatory issues. He said both Hillary Clinton and Donald Trump have been rhetorically tough on Wall Street.
Grasso said he'd rather own something like United Rentals because both candidates have called for more infrastructure spending.
Trader Brian Kelly agreed with Grasso and said to stay away from the financials. Kelly argued that there's too much risk in the sector.
Trader Dan Nathan said that biotechnology stocks are interesting, no matter who wins. Clinton has taken down the key biotech ETF with a single tweet.
Nathan admitted it'll likely be "messy for a little bit." He said, however, that the sector has been "so beaten up" that stocks like Pfizer and Bristol-Myers Squibb could see some upside after.
Pete Najarian is long stock: AAPL, BAC, DIS, DISCA, EMR, GE, KMI, KMI.A, KO, LUX, MRK, P, PEP, PFE calls: ABT, AMD, ATVI, BABA, BAC, BBY, CNX, COP, CS, DISH, ECA, ETP, GM, GRPN, GS, INTC, JBLU, JCP, KGC, LLY, LOW, M, MOS, MRO, MRVL, MT, MUR, NAV, NBR, PBR, RIO, SCTY, SBUX, TTS, TV, TWTR, VRX, WFT, WLL, X, XLF and puts: TWTR.
Steve Grasso's firm is long: VIRT, DVN, LDP, WDR, AVP, CVX, FCX, ICE, KDUS, KO, MAT, MCD, MJNA, NE, NEM, OLN, OXY, RIG, STAG, TAXI, TEX, TITX, FURI, WDR, WYNN, ZNGA, CUBA, HSPO, ICE, AMZN, MJNA, TITXF, SPY, QQQ, DIA, XLI, BGCP, VIRT, GE, AIR FP. Grasso is long BA, CC, CHK, EVGN, KBH, MJNA, MON, MU,OLN, PFE, PHM, T, TWTR, GDX. His children own: EFA, EFG, EWJ, IJR, SPY. No shorts.
Brian Kelly is long Bitcoin, long USO, SLV and Silver Futures, US Dollar UUP. He is short the euro and Japanese yen.
Dan Nathan is long TWTR, long XHB Jan put spread, long XLU Dec call spread, long XLK Jan put spread, long XRT Jan put spread, long PG Dec put spread, long EEM Nov put spread.