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PIMCO Reveals 3 Stocks to Buy, Now

Fast Money Portfolio
Fast Money Portfolio

Despite all the global uncertainty, Neel Kashkari, PIMCO head of global equities, believes a handful of stocks are attractive right now.

He tells us the key is to find companies that meet the following criteria:
-Prices anchored on strong profits
-Corporate margins to remain strong
-Buying companies based on fundamentals
-Keep focused on managing downside risks

And Kashkari identified 3 names for us.

Danone

Although the company is headquartered in Europe, he says, "It doesn’t matter. What matters is where they do business and 50% of Danone sales come from EM." In other words, he thinks the company is well positioned to profit from the emerging middle class. And he also says even if Europe were to fragment, Danone would be relatively insulated. "People would still need to eat."

Spirit Air

Kashkari likes the way Spirit runs its business. “They have the highest margins in the airline industry,” he says. “Smaller niche low cost carriers have built strong business models and in an uncertain economy where more people watch costs, they’re well positioned to capture market share.”

Ausdrill

A stock that trades in Australia, Kashkari thinks Ausdrill has both near-term and long-term appeal. “We like that in the short-term it pays a 4.1% dividend yield. But also, we see it as a long-term play on commodities prices.”

Posted by CNBC's Lee Brodie





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Trader disclosure: On June 11, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long AAPL; Tim Seymour is long INTC; Tim Seymour is long SBUX; Pete Najarian is long AAPL stock; Pete Najarian is long AAPL calls; Pete Najarian is long C; Pete Najarian is long WFC calls; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long SCCO; Pete Najarian is long BP; Pete Najarian is long DCTR calls; Pete Najarian is long OIH calls; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Mike Murphy is long INTC; Mike Murphy is long TGT; Mike Murphy is long PHM; Scott Nations is long C; Scott Nations is long BAC; Scott Nations is long JPM; Scott Nations is long SPY

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