Fast Money Picks For June 1st (NYX, PM, IPI, VIX)

CNBC Fast Money's Joe Terranova said on the show that he likes Intrepid Potash, Inc. (NYSE: IPI) as a buy on Tuesday. Intrepid Potash, Inc. (IPI) fell 1.28% today and closed at $24.66.

Anthony Scaramucci thinks that Philip Morris International Inc. (NYSE: PM) is a buy, because of its high yield. Philip Morris International Inc. (PM) fell 1.30% today.

Patty Edwards thinks that you should buy VIX and stay hedged, while Steve Grasso likes NYSE Euronext (NYSE: NYX). NYSE Euronext (NYX) dropped 0.59% today.