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‘Not enough of a pull-back yet,’ pro says

Financials and pharmaceuticals are almost starting to look like buying opportunities, OptionMonster's Pete Najarian said Wednesday.

"I love a name like Visa, for instance," he said. "It was $200. Now it's $180."

JPMorgan, too, was "best in breed," but, Najarian added, "It hasn't sold off enough yet."

On CNBC's "Fast Money," Najarian said that he also liked names such as Merck and Pfizer.

(Read more: Stocks to pull back 3 to 5 percent: Dan Nathan)

"But we haven't had enough of a pullback yet," he added.

Rosecliff's Mike Murphy said that he was also looking for stocks with significant upside in the event of a resolution of the Congressional budget impasse in Washington.

"I would rather buy the dip in the offensive names," he said, noting that the major stock market indices had held technical levels.

(Read more: 'A brilliant buying opportunity': Paul Richards)

Murphy said that the tech sector had been hit hard in the recent pull-back, potentially creating opportunities in such names as Amazon.com and Facebook.

"If you believe that this situation in Washington is going to get resolved, this is simply a buying opportunity," he said.

(Read more: 'Buying until my hands bleed': Simon Baker)

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

Trader disclosure: On Oct. 9, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Josh Brown is long AAPL; Josh Brown is long SBUX; Michael Murphy is long BAC; Michael Murphy is long C; Michael Murphy is long FB; Michael Murphy is long HTZ; Pete Najarian is long AAPL; Pete Najarian is long calls C; Pete Najarian is long calls JPM; Pete Najarian is long calls WFC; Pete Najarian is long calls INTC; Pete Najarian is long calls YHOO; Pete Najarian is long calls BBRY; Pete Najarian is long SBUX; Pete Najarian is long stock FB; Pete Najarian is long calls FB; Pete Najarian is long calls MSFT; Jon Najarian is long AAPL; Jon Najarian is long GLD; Jon Najarian is long FB; Jon Najarian is long HPQ; Jon Najarian is long KORS; Jon Najarian is long CYH; Jon Najarian is long THC; Jon Najarian is long HCA; Erinn Murphy is long KORS.

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