In a market with such unclear trends and extreme volatility, many investors are going back to the basics and looking at the fundamentals of individual stocks. We tapped our Fast Money traders for their best plays.
Patty Edwards of Storehouse Partners likes Arrow Electronics . It is trading at seven times forward earnings, where in the past five years, it has traded at twelve times. With General Motors continuing production this summer, Edwards doesn't think manufacturing is dead.
Steve Grasso of Stuart Frankel is going with tobacco stocks. He recently bought Altria Group , but because of high dividend yields, recommends Lorillard and Reynolds American .
The utility space is where Brian Kelly of Kanundrum Capital is turning. He likes Dominion Resources' 4.7% dividend yield. If you overwrite it by way of a covered call strategy, he thinks you could boost the yield up to 6%.
Guy Adami of Drakon Capital is going with IBM . He says they have a great balance sheet and a lot of cash on-hand.
CALL OF THE DAY: DARE GO AGAINST WARREN BUFFETT?
Stifel Nicolaus downgraded Berkshire Hathaway from 'hold' to 'sell' Thursday. But why challenge Warren Buffett and sell now?