Stocks to Watch Long After Hurricane Sandy: Pros
A few stocks still have room to run in the aftermath of Hurricane Sandy, the "Fast Money" pros said Wednesday.
Stuart Frankel's Steve Grasso said he liked United Rentals, noting a shift in consumer trends that began in the 1980s.
"There's just such a massive transformation into renting vs. buying," he said.
Mike Murphy of Rosecliff Capital agreed and added another name into the mix: Hertz.
"They're going to be able to take advantage of so many cars being damaged," he said.
RiskReversal.com's Enis Taner cautioned against running with the herd.
Instead, he suggested looking at insurers.
"They're very cheap right now," he said, adding that Chubb was "best of breed."
Mike Khouw backed him up.
"Some of these property casualty insurers are trading at less than 11 times earnings," he said. "That's below market multiple."
Trader disclosure: On Oct. 31, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Mike Murphy is long AAPL; Mike Murphy is long WFC; Mike Murphy is long TGT; Mike Murphy is short FB; Enis Taner is long GS; Enis Taner is long AMZN PUTS; Simon Baker is funds long DIS; Simon Baker is funds long GE; Simon Baker is funds long F; Simon Baker is funds long AAPL; Simon Baker is funds long BRCM; Simon Baker is funds long HD; Simon Baker is funds long MAS.
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