Fast Money Recap July 26

• Today's decline is not a one day event
• Financials worst performing industry in S&P
• Buy GS at $190, avoid JMP, and short XLF as the pair trade
• Get out of energy stocks except drillers (OIH)
• Volatility in S&P has gone higher compared to volatility in NASDAQ, so NASDAQ is being considered safer
• Companies that have gone up on takeover speculation but are most vulnerable to a pullback: TGT, WEN, M, HOT, DDS, X, NUE
• ETFs to get long now: DVY, PID, XLP
• Warren Buffet, Carl Ichan and Nelson Peltz are buying KFT
• Final trade: COST, MYGN, DELL, GS