Momentum is building in wireless. Who are the winners if sales of the iPhone and other handheld devices surge in 2008?
Pete Najarian recommends the “networkers”. He likes Cisco (CSCO) and Juniper (JNPR) for their presence in emerging markets. He also recommends Research in Motion (RIMM) which is getting into China.
Jeff Macke adds that these stocks are trading extraordinarily well. He likes the tailwind in tech and recommends Intel (INTC).
Karen Finerman reminds the panel of her FiberTower (FTWR) trade. But she adds, there’s a great deal of downside risk.
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Trader disclosure: On Dec. 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), (YHOO), (INTC); Najarian Owns (CSCO), (ADCT); Najarian Owns (GOOG) Options, (GS) Options, (TSO) Options, (YHOO) Options, (BIIB) Options; Finerman's Firm And Finerman Own (GS), (FTWR); Finerman's Firm Owns (VLO), (SUN), (YHOO), (TSO); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MBI); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (BIIB) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; CNBC Is A Service Of NBC Universal And Dow Jones; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC; Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC