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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Jul.01
6:31 PM ET
Tuesday, 1 Jul 2008
Biotech A Bear Fighter?

What are the best plays when the market enters bear territory?

If the stock market is entering bear territory you might want to look at the biotech sector. Typically they are immune to recessions because patients need drugs no matter what the economy is doing.

Elan [ELN  Loading...      ()   ] and Wyeth [WYE  Loading...      ()   ] are two biotechs worth watching, according to Pete Najarian. And for strength in diagnostics Najarian says Myriad [MYGN  Loading...      ()   ]and Novartis [NVS  Loading...      ()   ] look attractive.

If you watch the show regularly you already know, but this seems like a good time to remind that Guy Adami is bullish on Celgene [CELG  Loading...      ()   ].














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Trader disclosure: On July 1, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (AGU), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (SBUX); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Pete Najarian Owns (AAPL), (NOK), (TSO), (XLF); Pete Najarian Owns (HBC) Puts, (MER) Puts, (RIMM) Calls, (SLB) Calls, (UBS) Calls, (WM) Calls, (YHOO) Calls; Seymour Owns (AAPL), (CFC), (F), (MER), (MSFT), (TSO), (TSL); Seygem Asset Management Owns (TTM), (PKX), (FMX); Seygem Asset Management Owns Shares Of Grupo Modelo

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