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Pros: Best Single Stock Plays Today

With the bull market now in its second year and with volatility picking up, the "Fast Money" traders on Thursday said it's time to turn away from buying blind and switch into stock-picker mode. Here's their best plays:

Pete Najarian, co-founder of optionMONSTER.com, is going with Apple . The options trader likes its valuation and piles of cash. He thinks it's a buy at current levels.

To Karen Finerman, Walmart is the calm in the storm. The retail giant has a great balance sheet, a good business and is experiencing growth around the world, said Finerman, president of Metropolitan Capital Advisors.

Guy Adami of Drakon Capital is looking at Cerner , which is a health care information technology company. Although stretched, he thinks its valuation is "reasonable" because there's only a few players in this space. Should this stock pullback on a sell off in the broader market, he would consider buying shares.

It's all about financials for Joe Terranova. The chief market strategist of Virtus Investment Partners bought shares of Goldman Sachs on Thursday. Terranova also likes Morgan Stanley , JPMorgan Chase , Citigroup , USB , PNC Financial Services Group — all of which he owns shares. He is bullish on financials because he thinks they are likely to start paying dividends again.

Zachary Karabell of RiverTwice Research likes Qualcomm and IBM . He would consider buying QCOM shares should it fall to the $55 level.

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Trader disclosure: On Mar. 10, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova Owns (VRTS), (C), (GS), (PNC), (USB), (JPM), (UPL), (ABT), (MS), (PBR), (BAX), (TEVA), (CVI), (RSX), (SU) and (CNQ). Guy Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). Pete Najarian Owns (AAPL) and (TCK).

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC

JOE TERRANOVA
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DOM)

KAREN FINERMAN
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Short (XRT)
Finerman's Firm Is Long S&P 500 Puts
Finerman's Firm Is Long Russell 2000 Puts
Finerman's Firm And Finerman Own (AAPL)
Finerman Owns (GOOG)
Finerman's Firm And Finerman Own (MSFT)
Finerman Owns (USO)
Finemran's Firm Owns (JPM), (JPM) Leap
Finerman Owns (JPM)
Finerman's Firm Owns (FDO)

ZACHARY KARABELL
Karabell And River Twice Capital Own (AAPL)
Karabell And River Twice Capital Own (CSCO)
Karabell And River Twice Capital Own (BRCM)
Karabell And River Twice Capital Own (GOOG)
Karabell And River Twice Capital Own (FXI)
Karabell And River Twice Capital Own (FCX)
Karabell And River Twice Capital Own (VALE)
River Twice Capital Owns (VALE)
River Twice Capital Owns (BRCM)
River Twice Capital Owns (SBUX)
River Twice Capital Owns (QCOM)
River Twice Capital Is Short (SPY)
River Twice Capital Is Short (QQQQ)
River Twice Capital Is Short (SMH)

ANTHONY SCARAMUCCI
SkyBridge Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities

SOT/TIM SEYMOUR 2/15/11
***NO DISCLOSURES ON GMCR

SOT/PETE NAJARIAN 1/3/11
***NO DISCLOSURES ON HPQ

SOT/ANTHONY SCARAMUCCI 3/3/11
***NO ADDITIONAL DISCLOSURE NECESSARY

CNBC.com with wires.

Symbol
Price
 
Change
%Change
C
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CERN
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GS
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IBM
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JPM MLP ETN
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MS
---
PNC
---
QCOM
---
USB
---
WMT
---
AAPL
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