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2011 Top S&P Stocks: No. 25 Ralph Lauren

Ralph Lauren saw robust growth in its stock price in 2011, up 31 percent year to date, but now might not be the time to buy.

As part of the “Fast Money” countdown of the 25 top-performing S&P stocks of 2011, Steve Grasso said Monday he’s choosing to stay on the sidelines of this play — for now.

2011's Top Stock Picks

“You want to talk about a global brand. They’re in China, Europe, South America. They’re everywhere,” he said. “But if you also look at it on a chart, they’ve only regained not even what they lost in the last two weeks or so, three weeks or so.”

The apparel company’s 50-day moving average stood at $147.97 and was trading in the $145 range as of midday.

“We still have a little wood to chop to get back there, so I probably wouldn’t be betting on the name until I get back to that 50-day moving average,” he said. “Remember it’s a marco bet on the economy as well.”

(Related Stories: Stocks Up Sharply|S&P 500’s Most Shorted Stocks)

Expert Jon Najarian sounded upbeat on Ralph Lauren stock.

“I like it a lot, especially on any of these $10 pullbacks which you just had,” he said. “You could take advantage of that, but like Grasso said, we’re $6 off of that and I’m not chasing it today.”

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Trader disclosure: On Nov. 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Najarian is long AAPL stock; Najarian is long AKS calls; Najarian is long C stock; Najarian is long JPM calls; Najarian is long WFC calls; Najarian is long INTC stock; Najarian is long YHOO stock; Grasso is long retailers in retail based hedge fund; Grasso has positions in AA, AKS, AMR, ASTM, BA, BAC, D, LIT, MHY, PFE, PRST, S, XLU; Weiss is long EUO; Weiss is long QCOM; Weiss is long NFLX puts; Weiss is long HPQ stock; Weiss is long DE stock; Weiss is long MDRX stock;

Dick Bove
No disclosures

Kimberly Greenberger
Morgan Stanley managed or co-managed public offering in EXPR

Morgan Stanley received compensation for investment banking services from EXPR, LTD

Morgan Stanley expects to received or seek compensation for products from ANF

Morgan Stanley & Co. LLC makes a market in the securities of Abercrombie & Fitch Co., Aeropostale Inc, American Eagle Outfitters, Inc., AnnTaylor Stores Corp, Chico's FAS Inc., Children's Place Retail Stores Inc., Coach Inc, Express, Inc., Gap Inc, Guess, Limited Brands Inc, Lululemon Athletica Inc., Ross Stores Inc., Skullcandy Inc, Teavana Holdings, Inc., Tiffany & Co., TJX Companies Inc., Urban Outfitters Inc..

Morgan Stanley & Co. International PLC and its affiliates have a significant financial interest in the debt securities of Limited Brands Inc, TJX Companies Inc..

Jeff Kilburg
No disclosures

Vasily Karasyov
SFG is a market maker in the securities of AMC Networks, Inc. (AMCX), Walt Disney Co. (DIS), Discovery Communications, Inc. (DISCA), DreamWorks Animation SKG Inc. (DWA), Madison Square Garden, Inc. (MSG), Netflix, Inc. (NFLX), News Corp. (NWSA), Time Warner Inc. (TWX), and Viacom, Inc. (VIA/B).

SFG and/or its affiliates beneficially own 1% or more of the securities of Netflix, Inc. (NFLX).

Neil Doshi
Citigroup has received compensation for products and services other than investment banking from ERTS

ERTS has been a non-investment banking client of Citgroup Global markets over the past 12 months

Dennis Forst
Keybanc Capital Markets makes market in WYNN Securities

Expects to receive or seek compensation for investment banking from WYNN with wires.

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