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Pro Trader: Despite Earnings, Pfizer Not a Buy

If you’re looking for a winner, you might have Pfizer on your radar. After all in a sea of red, the world’s biggest drug maker was a beacon of green in trading Tuesday.

Investors drove the stock higher after thecompany released better than expected earnings and increased its full year forecast.

But if you’re instinct is to put money to work in Pfizer, trader Zach Karabell thinks you have it all wrong.

“I’m not a big fan,” he said. “I think it still has a very troubled business model.”

While the company saw its earnings soar, it still has a big negative looming over its head—its blockbuster cholesterol fighting drug Lipitor comes off patent at the end of November.

“We know that their pipeline is heavily compromised,” Karabell said. “So we know they are going to have to spend some of that cash in order to buy their R&D pipeline.”

While Pfizer will spin off a dividend every year and is okay for a 401k account, he said it’s not a name he’s interested in trading.

“It’s hard to get excited about health care in a world where health care costs are simply out of control and will come in,” he said.

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Trader disclosure: On Nov 1, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns AAPL; Karabell owns MS; Karabell is long IBM; Karabell is long MSFT; Karabell is long GOOG’ Karabell is long FCX; Karabell is long HON; Karabell is long JOYG; Karabell is long CAT; Cortes is long Treasuries; Cortes is short AAPL; Cortes is short DB; Cortes is short BAC; Cortes is short EURO; Cortes is short CAD

For Zach Karabell
Rivertwice owns AAPL calls
Rivertwice owns GS puts
Rivertwice is short XLF
Rivertwice is short SMH
Rivertwice is short IBM
short puts AMZN
Rivertwice is long HON
Rivertwice is long TGT
Rivertwice is long DE
Rivertwice is long BHI
Rivertwice is long SLB

For Brian Kelly
Shelter Harbor Capital is long FXE
Shelter Harbor Capital is long SPY
Shelter Harbor Capital is long GLD
Shelter Harbor Capital is long VLO
Shelter Harbor Capital is long STD
Shelter Harbor Capital is long SAN.SM

For Rebecca Pattersson
No disclosures

For Jeff Kilburg
No disclosures

For Jacques Cailloux
No disclosures

CNBC.com with wires.

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