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Monsanto, Potash Have Room to Grow: Pros

Wednesday, 19 Sep 2012 | 1:28 PM ET

Up 11 percent over the past three months, Monsanto still has upward potential, OptionMonster.com’s Jon Najarian said Wednesday on CNBC.

The biotech stock was up 62 percent over the past two years, a trend that could continue as the company’s genetically engineered, drought-resistant seeds stand to be in more demand over the next year or so, Najarian said on “Fast Money.”

Monsanto, Potash Have Room to Grow: Pros
Jon Najarian, Stephen Weiss and Brian Kelly pick their favorites in the biotech/fertilizer space.

“I think Monsanto’s doing a lot of things right,” he said.

On Tuesday, Zack Shafran’s Ivy Science & Technology Fund and Drakon Capital’s Guy Adami named Monsanto as one of their favorite plays.

(Read More: 3 Under-the-Radar Stock Picks: Zack Shafran)

Shelter Harbor Capital’s Brian Kelly sounded like a buyer.

“I love Monsanto,” he said. “That’s probably my favorite in the group. And now you have something to shoot against. It broke above $90. You can now use that as kind of a stop-out level, technical breakout here; I think it goes much higher.”

Short Hills Capital’s Stephen Weiss liked the entire space.

“People forget that some of the fertilizer companies, potash companies are a cartel, so I like POT, I like MOS,” he said. “I think you buy the whole sector.”

Trader disclosure: On Sept. 19, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in GLD; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in GOOG; Jon Najarian is long call spreads in SINA; Jon Najarian is long call spreads in OPEN; Jon Najarian is long call spreads in GLW; Jon Najarian is long call spreads in PXD; Jon Najarian is long GLUU; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long STSI; Steve Weiss is long AAPL CALLS; Steve Weiss is long EUO; Steve Weiss is long M; Steve Weiss is long AIG; Steve Weiss is long BAC; Steve Weiss is long BBT; Steve Weiss is long LCC; Steve Weiss is long QCOM; Steve Weiss is long SODA; Steve Weiss is long BRCM; Steve Weiss is long HK; Steve Weiss is long CLNY; Steve Weiss is long AMTG; Steve Weiss is long MTGE; Steve Weiss is short AAPL PUTS; Steve Weiss is short AKS; Steve Weiss is short RIO; Steve Weiss is short VALE; Brian Kelly is long GLD; Brian Kelly is long SLV; Brian Kelly is long QQQ; Brian Kelly is long EEM; Brian Kelly is long TIP; Brian Kelly is long RNA; Brian Kelly is long WHEAT; Brian Kelly is long CORN; Brian Kelly is long SOYBEANS; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S.

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