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Warren Buffett Buys DaVita, But You Should Not: Adami


On Tuesday after the bell the Fast Money pros took a hard look at DaVita after the latest 13F filing from famed investor Warren Buffett revealed the Oracle of Omaha had established a new position.

Buffett may be bullish, but Fast trader Guy Adami is not - at least not at these levels.

Although he thinks the stock will be the object of a Buffett bounce, he cautions investors not to chase an upcoming rally. DaVita has rallied a lot already.

“I’d wait on this one,” he says. If the stock does bounce, valuations will be a little stretched. c
And if must play DaVita, Adami says wait until the company reports earnings, then make your trading thesis.


In case you’re wondering what the traders found noteworthy in the Buffett 13F filing:

Breaking News: Berkshire Hathaway's 13F Holdings

Warren Buffett: New Positions In:
DaVita (DVA)
Liberty Media (LMCA)

Warren Buffett: Added to Positions In:
Coke (KO)
DirecTV (DTV)
General Dynamics (GD)
Wells Fargo 9WFC)
Visa (V)

Warren Buffett: Cut but Did Not Eliminate Positions In:
Johnson and Johnson (JNJ)
Kraft (KFT)

Warren Buffett: Sold Out Of:
Exxon Mobil (XOM)


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Trader disclosure: On February 14, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova is long VRTS; Terranova is long LQD; Terranova is long SWN; Terranova is long CSCO; Terranova is long TBT; Terranova is long SBUX; Terranova is long FXE; Terranova is long OXY; Terranova is long MCD; Terranova is long JOY; Terranova is long AXP; Terranova is long EMC; Terranova is long IBM; Terranova is long UNG puts; Terranova is short AAPL put spreads; Najarian is long VIX call spreads; Najarian is long RVBD calls; Finerman is long AAPL; Finerman is long BAC; Finerman is long JPM; Finerman is short IBM calls; Finerman is long HPQ; Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; Scaramucci is long AAPL; Scaramucci is long BAC; Scaramucci is long C; Scaramucci is long GS

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