Think it might be time to start buying into this market? Wonder what should you buy? Following are the traders shopping lists.
Jeff Macke likes Microsoft (MSFT) and Wal-Mart (WMT). He says when MSFT breaks 30 he’s buying because he feels the company is very stable.
Guy Adami likes Johnson & Johnson (JNJ) for its new pharmaceutical compounds as well as synergies from the Pfizer (PFE) acquisition.
Eric Bolling likes iShares Dow Jones Select Dividend (DVY) and PowerShares Intl. Dividend Achiev (PID), two dividend paying ETF’s.
Pete Najarian loves Goldman Sachs (GS) because he feels financials are still strong and adds Morgan Stanley (MS) is a buy if the stock pulls back about $2.
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Trader disclosure: On June 6 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Macke Owns (JWN), Najarian Owns (AMD),(.VIX),(AMTD), (AAPL), (NFLX), (NVDA); Bolling Owns (T), (ICE), (NMX), (MPEL); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures; Bolling Is Short (FXI) And Owns (FXI) Puts;