The Pitch: Novartis
As they say on TV, it’s the cold-calling segment that's sweeping the nation; one trader, one stock, and 30 seconds to make the case.
Pete Najarian is making a pitch for drug maker Novartis .
But do you think his trade will generate healthy returns?
Here are Najarian’s main points:
- Shares Under-Performed Peers
- Growth in China
Everyone in this country talks about JNJ but if you look to the other side of the pond, it’s counter-part is Novartis, explains Najarian. Like JNJ they're diversified and do business in generics, big pharma and personal products.
Their sales are up 11% and their business is growing in China. With the P/E at 11 and a 3% dividend yield there’s a lot of reasons to like this stock.
What do you think? We want to know!
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Trader disclosure: On April 13, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CSX) call spread; Najarian Owns (LVS) call spread; Najarian Owns (JPM) call spread; Najarian Owns (BAC) Calls; Najarian Owns (C) Calls; Najarian Owns (CSX) Call spread; Najarian Owns (LVS) Call spread; Najarian Owns (JPM) Calls; Najarian Owns (PCX); Najarian Owns (TXN) Calls; Najarian Owns (VLO) Calls; Najarian Owns (YUM) Call Spread; Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C) ; Finerman's Firm Is Short (IJR), (MDY), (IWM), (IYR); Finerman's Firm Owns S&P Puts; Finerman's Firm Owns (JPM); Finerman Own (JPM) ; Finerman Owns (BAC); Finerman's Firm Owns (BAC); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (TGT); Finerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman Owns (YUM); Seymour Owns (CHL), (DRYS), (GE), (BAC), (EEM), (F), (INTC), (LVS), (SBUX); Seymour's Firm Owns (POT)
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