On Tuesday after the bell the Fast Money pros took a hard look at DaVita

DVA loading...

Quote  |  Chart  |  News  |  Profile

[DVA  Loading...      ()   ] after the latest 13F filing from famed investor Warren Buffett revealed the Oracle of Omaha had established a new position.

Buffett may be bullish, but Fast trader Guy Adami is not - at least not at these levels.

(DVA) Loading...       (%)

Although he thinks the stock will be the object of a Buffett bounce, he cautions investors not to chase an upcoming rally. DaVita has rallied a lot already.

“I’d wait on this one,” he says. If the stock does bounce, valuations will be a little stretched. c
And if must play DaVita, Adami says wait until the company reports earnings, then make your trading thesis.

------------

In case you’re wondering what the traders found noteworthy in the Buffett 13F filing:

Warren Buffett: New Positions In:
DaVita (DVA)
Liberty Media (LMCA)

Warren Buffett: Added to Positions In:
Coke (KO)
DirecTV (DTV)
CVS (CVS)
General Dynamics (GD)
Wells Fargo 9WFC)
Visa (V)

Warren Buffett: Cut but Did Not Eliminate Positions In:
Johnson and Johnson (JNJ)
Kraft (KFT)

Warren Buffett: Sold Out Of:
Exxon Mobil (XOM)

----------------------------------------------------------

NEW FEATURE: We're  trying out a new feature just for history buffs. Wall Street History - How Wall Street Got Its Name - Click here to check it out

----------------------------------------------------------

 

FAST MONEY // Latest Rapid Recap

Go to Main Page

 

Current DateTime: 06:54:06 29 May 2012
LinksList Documentid: 26256943

• • Digital Generation Bottomed Out: Finerman
  • See Fast Money Live from Chicago - Thursday June 7th
  • Desperately Seeking Dividend Yield
  • Tech Is Trying to Tell You Something: Terranova
  • Charts Suggest S&P Revisits Flat on Year: Top Analyst
  • Airlines Taking Flight?
  • Three Stocks For Thursday
  • Next Stop for Oil - $88.55

Current DateTime: 06:54:06 29 May 2012
LinksList Documentid: 26256941

• Super Traders Slideshow
• Daily Poll: Tell Us What You Think!
• Word On The Street

______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our Web site send those e-mails to .

Trader disclosure: On February 14, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova is long VRTS; Terranova is long LQD; Terranova is long SWN; Terranova is long CSCO; Terranova is long TBT; Terranova is long SBUX; Terranova is long FXE; Terranova is long OXY; Terranova is long MCD; Terranova is long JOY; Terranova is long AXP; Terranova is long EMC; Terranova is long IBM; Terranova is long UNG puts; Terranova is short AAPL put spreads; Najarian is long VIX call spreads; Najarian is long RVBD calls; Finerman is long AAPL; Finerman is long BAC; Finerman is long JPM; Finerman is short IBM calls; Finerman is long HPQ; Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; Scaramucci is long AAPL; Scaramucci is long BAC; Scaramucci is long C; Scaramucci is long GS

For Anthony Scaramucci
SkyBridge Capital Is A Fund Of Funds Manager
Anthony Scaramucci is one of 8 national finance chairs for Mitt Romney campaign
Scaramucci a fundraiser for Mitt Romney and has contributed to the Romney campaign

For Mike Khouw
No disclosures

For John Taylor
No disclosures

CNBC.com and wires