'Fast Money' Picks For August 16

On CNBC's "Fast Money Final Trade," Steve Grasso said active customers in Chewy Inc (NYSE: CHWY) are increasing, which means revenues are increasing. He is a buyer of the stock.

Bonawyn Eison wouldn't buy Uber Technologies Inc (NYSE: UBER). He advised viewers not to catch a falling knife.

Nadine Terman said SPDR Gold Trust (NYSE: GLD) hit the top end of her trading range on Friday. She would close a long position or take a short position in the name.

Carter Worth would stay long Invesco QQQ Trust Series 1 (NASDAQ: QQQ).