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This Special Situation Stock Has 30% Upside: Colin Gillis

You know BGC analyst Colin Gillis as a Fast Money friend, but did you also know he was named a top stock picker by the Financial Times and Starmine.

The firms compiled a list of Wall Street pros who have all beaten their benchmarks by more than 17 percent in the past year. And Gillis is one of them.

And if you’re looking for top ideas from this top stock picker, Gillis says check out the following:

Microsoft

Gillis sees Microsoft as a value play as well as a short squeeze. “Short interest is now 89 million shares,” he says. “I think it's a bet on the same kind of enterprise slowdown at MSFT that we’ve seen at Cisco and other tech firms. But I don't think it happens. They have a lot behind them; the PC refresh isn’t even half over, yet.”

Yahoo!

Gillis calls Yahoo! a special situation stock. “The company has been kicked. It’s suffered a management turnover and struggles with an antiquated format but the new CEO understands the company and the board is focused on driving shareholder value,” he says. “We see 30% upside from here.“

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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