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Jeff Macke recommends buying Electronic Arts (ERTS).
Guy Adami likes Intel (INTC).
Karen Finerman prefers Flowserve (FLS).
Pete Najarian says Cypress (CY) is a buy.
Also, Thomas Herzfeld of Thomas J. Herzfeld Advisors joins the panel. He’s a trader whose firm manages about $100 million, primarily in closed-end funds.
He says due to a slew of issuance and end of the year tax selling, there are many closed end funds that are trading at a severe discount to their net asset value or NAV.
Case in point: Clough Global Opportunities (GLO) & DWS Dreman Value Income Edge Fund (DHG).
GLO has gone from trading at 7% discount to its NAV at the beginning of the year to a 16% discount.
More significant: DHG has gone from trading at 10% premium to its NAV to a 15% discount.
Both are very cheap, he says.
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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
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