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Buy Nike – Just Do It: Scott Nations

Monday, 11 Jun 2012 | 6:34 PM ET

If you’re looking to put money to work, trader Scott Nations can’t think of a better place to play – than Nike .

“It’s not common for the planets to align in the sport universe,” he says, “But right now they are for Nike.”

- They 2012 soccer tournament will help them sell product all over the world.

- The Olympics should get a lot of people off the couch.

- And Nike is going to sell a bunch of shoes if the Miami Heat end up winning.

“I think it heads to $115,” he says.

Trade of the Day: Nike Falls 1% Today
The Fast Money traders discuss why Nike is the winning trade of the day.

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

For Brad Lamensdorf
Brad Lamensdorf’s Fund is short GT
Brad Lamensdorf’s Fund is short C
Brad Lamensdorf’s Fund is short BBY
Brad Lamensdorf’s Fund is short DB
Brad Lamensdorf’s Fund is short KMX
Brad Lamensdorf’s Fund is short IFF
Brad Lamensdorf’s Fund is short NXTM
Brad Lamensdorf’s Fund is short COL
Brad Lamensdorf’s Fund is short HBI
Brad Lamensdorf’s Fund is short MASI
Brad Lamensdorf’s Fund is short CTCT
Brad Lamensdorf’s Fund is short CLH
Brad Lamensdorf’s Fund is short ERIC
Brad Lamensdorf’s Fund is short TIF
Brad Lamensdorf’s Fund is short FLS
Brad Lamensdorf’s Fund is short FNSR
Brad Lamensdorf’s Fund is short ACOM
Brad Lamensdorf’s Fund is short VSAT
Brad Lamensdorf’s Fund is short APKT
Brad Lamensdorf’s Fund is short SYY
Brad Lamensdorf’s Fund is short SPR
Brad Lamensdorf’s Fund is short WSM
Brad Lamensdorf’s Fund is short NFLX
Brad Lamensdorf’s Fund is short GMCR
Brad Lamensdorf’s Fund is short OPN
Brad Lamensdorf’s Fund is short RAX
Brad Lamensdorf’s Fund is short PHM

For Amelia Bourdeau
Nothing to disclose

For Collin Gillis
Nothing to Disclose

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