Fast Money Picks For July 12th (GLW, CVS, MSG, MO)

On CNBC's Fast Money, Joe Terranova recommended investors to buy CVS Caremark Corporation (NYSE: CVS) on Monday. CVS Caremark Corporation (CVS) gained 1.26% today, and closed at $29.80.

Patty Edwards thinks that Corning Incorporated (NYSE: GLW) should be bought, and Guy Adami likes Madison Square Garden, Inc. (NASDAQ: MSG). Corning Incorporated (GLW) added 0.63% today, and Madison Square Garden (MSG) fell 4.61%.

Steve Grasso believes that Altria Group, Inc. (NYSE: MO) is a buy. Altria (MO) fell 0.09% on Friday, and had a volume of 15.03M traded shares.

Mike Khouw said that investors should not believe in this rally, and they should use it to hedge their positions.