Buys Amid The Slaughter?
As the market trades lower, which stocks were unfairly beaten down and which should you stay away from?
Jonathan Merriman, Chairman & CEO of Merriman Curhan Ford & Co joins the panel for this conversation. Following are excerpts.
Smith & Wesson (SWHC) is a high growth company and the beating that it took this week was unjustified, says Merriman. At $10, buy that stock with both hands, he adds.
Jeff Macke says he still likes videogame makers including Electronic Arts (ERTS) and Activision (ATVI), because the fundamentals are strong. Don’t worry about day to day sell-offs he counsels.
Guy Adami prefers Aministaff (ASF) as a stock that was unfairly beaten down.
Karen Finerman likes NYMEX (NMX) as well as Crocs (CROX).
Pete Najarian thinks Manitowoc (MTW) and Zimmer (ZMH) were both unjustly punished.
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Trader disclosure: On Nov. 1, 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), (YHOO), (INTC); Najarian Owns (BHI) Options, (C) Options, (GOOG) Options, (GS) Options, (HAL) Options, (YHOO) Options, (BHP) Options; Finerman's Firm Owns (TSO),(WMT), (YHOO), (NMX), (BEAS), (GS), (NVT); Finerman's Firm And Finerman Own (KFT), (FLS); Finerman's Firm Owns (C) Options, (MSFT) Options, (NVT) Options, (CROX) Options; Finerman's Firm Is Short (IWM), (SPY), (MDY), (BIG); Finerman's Firm Is Short (MER) And Own (MER) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts