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6 Stocks Pro Traders Are Buying on the Current Crisis Dip


Sure there’s a multitude of uncertainty in the market. But that doesn’t mean there aren’t single stock stories.

Ahead of the EU summit, investors again went into ‘sell first and ask questions later’ mode.

And while others are fearful the Fast Money pros suggest being greedy – albeit selectively. Here’s what’s on their shopping list.

Pete Najarian

Whenever the market pulls back, Fast Money's Pit Boss always looks at the Materials space and has already put money to work. "I already own ArcellorMittal  and Teck Resources and Joy Global ," he says.

And now, looking at the options action, he's seeing bullish activity in US Steel . "The action suggests to me there’s upside to come."


> NEW SLIDESHOW: Slo-o-o-w Money, 10 Top Stocks for the Long-Term Investor


Shopping List Amid Uncertainty

Steve Grasso

On his shopping list, the Fast Money Governor has McDonald’s , Dominos and Costco . These are stocks Grasso calls "names that have worked."

In other words, if you look at the charts they continue to make new highs. And Grasso is also well aware that 70% of all stocks trade in tandem with the S&P and after the EU summit, the market could slide. ”Don’t buy it all at once,” Grasso says. “I’d buy in 25% increments.”

On a related note, Grasso sold BofA close to $6 and says he’s out of AK Steel. “Not that the steel space doesn’t have catalysts but I believe in taking profits when you have them,” he says.


Steve Cortes

Affectionately known on Fast Money as El Capitan, Steve Cortes says, ”I’d look at food retailers because the DBA hit a new low for the year. That means food prices are lower. That is great news manufacturers and retailers of food. I already own Kroger and Tyson. And I’m interested in McDonald’s on a pull back.”

And if you're a more sophisticated trader, Cortes suggests going short the euro and European banks ahead of the EU summit.

”I thought there was significant (negative) news on Wednesday. Borrowings from the ECB by European banks have skyrocketed. I think the bad news continues to mount.”

Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to .

Trader disclosure: On Dec 7, 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; Najarian is long C; Najarian is long JPM calls; Najarian is long WFC calls; Najarian is long MSFT; Najarian is long INTC; Najarian is long YHOO; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU; Lindzon is long LPSN; Lindzon is long AMZN; Lindzon is long INTU; Lindzon is long ARBA; Cortes is long Treasuries; Cortes is long INTC; Cortes is long KR; Cortes is long TSN; Cortes is short EUR; Cortes is short DB; Cortes is short XRT vs. S&P long

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