Top Media Analyst Reveals Top 3 Trades

Think media stocks are sending mixed signals? Then, don’t make a move until you check out these picks from top media analyst David Bank of RBC!

”Like a bad horror movie, the investing world has been gripped by fear that the world is going to stop watching traditional TV,” says Bank.

But he thinks those fears are irrational. In fact Bank tells us the fundamentals for these stocks are outstanding.

As a result he recommends the following: Viacom, Scripps Networks Interactive, Time Warner .

Bank tells us Time Warner is more of a short-term trade “the stock could trade into the high $30’s” he says, while Viacom is more of a long-term investment. “This could be a $50 stock.”

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Trader disclosure: On December 17, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian owns (MEE) call spreads; Jon Najarian owns (M) calls; Jon Najarian owns (AKS) call spreads; Jon Najarian owns (JOE) call spreads; Jon Najarian owns (C); Jon Najarian owns (CSCO); Jon Najarian owns (F), is short (F) calls; Jon Najarian owns (GS), is short (GS) calls; Jon Najarian owns (GLD) put spreads; Jon Najarian owns (NKE), is short (NKE) calls; Jon Najarian owns (ORCL), is short (ORCL) calls; Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTY); Adami's wife works at (MRK); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (ARO); Finerman owns (BAC); Finerman's firm owns (BBY); Finerman owns (GOOG); Finerman's firm owns (JPM) and (JPM) leaps;’ Finerman owns (JPM); Finerman owns (MSFT); Finerman's firm owns (MSFT); Terranova owns (CRM), (VRTS), (C), (UPL), (PEP), (GS), (OXY), (NKE); Terranova owns (GLD) puts

For Joe Terranova
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For Brian Kelly
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For David Bank
RBC Capital Markets Provides And In Past 12 Mos. Provided (TWX), (DIS) With Non-Investment Banking Securities-Related Services

For Brian Stutland
* No disclosures

MOSHE ORENBUCH SOT
Credit Suisse Securities Is A Market Maker In (MA), (V)
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