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2011 Top Stocks: No. 5 Biogen Idec

Wednesday, 28 Dec 2011 | 2:59 PM ET

The No. 5 performer in the top S&P stocks of 2011 could see more growth ahead, one “Fast Money” pro said Wednesday.

“Fast Money” pro Pete Najarian was positive on Biogen Idec.

“This is a company that has done nothing but perform and do everything right,” he said.

Best Performing S&P Stock Number: 4
Sharing perspective on the best trades in 2011; including Visa and Mastercard, with Greg Smith, Sterne Agee analyst.

Biogen Idec shares rose more than 64 percent year to date and traded in the $110 range for the day. Its 52-week high was $120.66 and its low was $64.28, with EPS of $4.80.

Najarian said the sector is different than the high-flying days of the past.

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“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
No disclosures

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
No disclosures

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.

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.

Investment Banking (next 3 months): J.P. Morgan expects to receive, or intends to seek, compensation for investment banking services in the next three months from Molycorp.

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

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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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