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Seeking Return – Pete Najarian’s Latest Yield Play

If you’re looking for yield, Pete Najarian has a new idea for you.

In his Fast Money Trade of the Day, he suggested putting UK-based Vodafone on your buy list.

“It’s the second largest mobile carrier in the world – it trades at a 9 P/E and yields 7%,” he says.

In other words he thinks the stock is cheap and generates an attractive return.

However, he also sees it as a play on emerging markets; Vodafone has a strong presence in Africa, Central Europe and the Middle East.

"All those reasons make Vodafone a very interesting stock," he says.

Want more trades? Click below:

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SEEKING RETURN? Click here for Fast Money's Favorite Dividend Yielders

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Posted by CNBC's Lee Brodie





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Trader disclosure: On July 9, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long VLO; Steve Grasso is long XLU; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long M; Karen Finerman is long MA; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami is long AGU; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long FCX CALLS; Pete Najarian is long TJX CALLS; Pete Najarian is long KEY CALLS; Pete Najarian is long XOM CALLS; Scott Nations is long BAC; Scott Nations is long JPM

For Jamie Townsend
Nothing to Disclose

For Amelia Bourdeau
Nothing to Disclose

For Dennis Gartman
Dennis Gartman is long NatGas

For Nicholas Debenedictis
Nothing to Disclose

For Joe Weisenthal
Pending

For John Williams
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in WU
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: V
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: WU
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-investment banking securities-related services are being, or have been, provided.: V
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: MA
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: V
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: WU
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: MA
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: V
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: WU

CNBC.com with wires.

Symbol
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VOD
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