The No. 3 stock in the “Fast Money” countdown of the top S&P stocks of 2011 spiked nearly 80 percent year to date, but is now the time to buy?
Trader Stephen Weiss wasn’t a buyer of Intuitive Surgical.
“I think their biggest growth is actually behind them, but I still wouldn’t short it,” he said.
Shares of ISRG traded in the $464 range midday, near its 52-week high of $465.65. Its low within the same period was $255.02 with EPS of $11.58.
Investment pro Brian Kelly was also wary of Intuitive Surgical stock.
“If you didn’t get long it last year, it’s probably not the time right now to get long it,” he said. “But with a name like this that has so much momentum, it’s very hard to short because you can just get run over. So, stay away from it in my book.”
- See More: 2011 Top S&P Stocks
- Best-Performing S&P 500 Stocks Heading Into 2012
- Pete Najarian's Top Picks for 2012
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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;
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
Hathaway owns TGLDX