2011 Top Stocks: No. 2 El Paso
With shares up 90% ytd, can El Paso possibly continue to gain in 2012?
According to The Fast Money traders, the short answer is yes.
“I think this stock continues to rock,” says trader Jon Najarian. “I see the company as a steady grower.”
Brian Kelly likes El Paso because he sees it as a proxy for nat gas – and he expects nat gas to get more attention in the new year.
“You get exposure to shale gas without the fluctuations in the spot price,” he explains.
“Also the US is becoming a net exporter of natural gas,” reminds Mike Murphy. He thinks that could be a major catalyst.
All told, according to the Fast pros the play for El Paso may be ‘buy high and sell higher.’
Check out how the Fast pros suggest trading other winners. Click here to go to 2011 Top Stocks.
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Trader disclosure: On Dec 29, 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 call spreads; Najarian is long AKS call spreads; Najarian is long PNC call spreads; Najarian is long RIMM call spreads; Najarian is long DG call spreads; Najarian is long WHR call spreads; Najarian is long MOS call spreads; Najarian is long WFT call spreads; Najarian is long CIGX; Najarian is long CME; Najarian is long CBOE; Weiss owns AAPL; Weiss owns EUO; Weiss owns FXA; Weiss owns QCOM; Weiss owns KO; Weiss owns AMLP; Weiss owns NS; Weiss owns NIHD
For Brian Kelly
Shelter Harbor Capital is long IWM
Shelter Harbor Capital is long KRE
Shelter Harbor Capital is short UTX
Shelter Harbor Capital is short Yen
Shelter Harbor Capital is short Pound
Shelter Harbor Capital is short Eurostoxx
For Amelia Bourdeau
For Dana Telsey
For Rich Ilczyszyn
For John Hathaway
Hathaway owns TGLDX
CNBC.com with wires.