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Pete Najarian's Top Picks for 2012

Looking to put money to work in 2012 but unsure exactly how to deploy your capital? Pete Najarian has a few ideas.

The Fast Money Pit Boss suggests playing a few major themes:

RAILS

“Start with the rails,” he says. “They worked in 2011." In other words, continue to buy relative strength and avoid relative weakness - a theme that has worked this year.

And Najarian sees plenty of catalysts to drive the sector in 2012, including demand for coal and the growth in shale exploration.

“Look at Union Pacific,” he counsels. “On any kind of pull back, I like it.”

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PHARMA

Najarian likes this space broadly because he expects to see a rotation out of bonds and into stocks – however, he thinks that money will seek defensive names.

“I think people will be looking for valuations and for yield. That alone should generate performance in this space.” He suggests looking at Pfizer, Lilly , Bristol Myers and/or Merck .

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STARBUCKS

Najarian sees Starbucks as a growth story sprinkled with a bit of sin stock.

“Their international growth is strong; they’re opening 150 stores in China alone. And here in the US people really, really crave their coffee.”

*Check out what Pete as well as Maria Bartiromo, Jim Cramer and other CNBC personalities said about the euro zone and more. Click here to go to Predictions 2012: A CNBC Special Report.


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Trader disclosure: On Dec 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian is long AAPL; Najarian is long C; Najarian is long HPQ; Najarian is long MT; Najarian is long PFE; Najarian is long LLY; Najarian is long MRK; Najarian is long MSFT; Najarian is long YHOO; Cortes is long K; Cortes is short EUR; Cortes is short GBP; Cortes is short Crude; Cortes is short Gold; Cortes is short XRT; Cortes is short IYT; Cortes is short CSX; Dicker owns GM; Dicker owns RIG; Dicker owns NBL

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MASTERCARD (MA): Sterne, Agree makes a market in the shares of the subject company.
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Lead or Co-manager: J.P. Morgan acted as lead or co-manager in a public offering of equity and/or debt securities for Molycorp within the past 12 months.

Beneficial Ownership (1% or more): J.P. Morgan beneficially owns 1% or more of a class of common equity securities of Molycorp.

Client: J.P. Morgan currently has, or had within the past 12 months, the following company(ies) as clients: Molycorp.

Client/Investment Banking: J.P. Morgan currently has, or had within the past 12 months, the following company(ies) as investment banking clients: Molycorp.

Investment Banking (past 12 months): J.P. Morgan received in the past 12 months compensation for investment banking Molycorp.

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Symbol
Price
 
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BMY
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LLY
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MRK
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PFE
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SBUX
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UNP
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