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Nike: All Time High

After 10 years Nike is finally breaking out. How should you trade?

Jeff Macke says Nike is a cautionary tale. As the company became a cultural icon, the multiple jumped to around 50 times earnings. But eventually growth slowed and it took a decade for the stock to get back to where it was.

Karen Finerman likes NKE.

Pete Najarian also recommends Under Armour (UA) for growth.

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Trader disclosure: On Oct 12, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), (INTC), (JWN), (EMC); Najarian Owns (BEAS), (C), (EMC), (GOOG), (UA); Finerman Owns (C), (GS); Finerman's Firm Owns (COP), (CTX), (GE), (KSS), (LTD), (MSFT), (NVT), (TGT), (WMT), (DAI), (KFT), Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (BEAS); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC

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