“Remember, biotech’s not the old biotech everybody used to focus on, where they were trading at incredible multiples,” he said. “These are companies that are mature companies that trade much more like the big pharma names as well.”
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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
For Ron Insana
For David Joyce
No personal, family, or Miller Tabak ownership of DIS shares, nor do we do investment banking for them
For Greg Smith
MASTERCARD (MA): Sterne, Agree makes a market in the shares of the subject company.
SUN TRUST BANKS (STI): Sterne, Agree makes a market in the shares of the subject company.
VISA (V): Sterne, Agree makes a market in the shares of the subject company.
For Stephen Schork
For Michael Gambardella
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.
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Investment Banking (past 12 months): J.P. Morgan received in the past 12 months compensation for investment banking Molycorp.
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For Rohit "Ro" Chopra
CISCO (CSCO): Wedbush Securities makes a market in the securities of the subject company
Juniper Networks (JNPR): Wedbush Securities makes a market in the securities of the subject company