When Netflix announced this week it would hike the price of its standard plan, the company got some glowing reviews from Wall Street. After the Netflix move, "Fast Money" traders picked some other stocks that benefit from strong brands and pricing power.
Apple
Tech giant Apple has a legion of loyal iPhone users, and charges a premium for features like extra storage, said trader Dan Nathan.
"To me, they have this amazing pricing power," Nathan said.
Nike
Athletic apparel maker Nike has one of the most recognizable brands in the world, and consumers will "pay a lot more" for its products, said trader David Seaburg. He said the company is able to make small changes to existing products and sell them for a higher price.
He believes Nike could climb to $140 per share from about $125, where it closed Friday.
Walt Disney
Walt Disney holds some of the most iconic properties in entertainment, and only boosted its appeal by adding Star Wars and Marvel characters to its catalog in recent years.
"Everything around Disney is a brand," said trader Steve Grasso, who owns Disney shares.
Read MorePrice hike puts popular US Disneyland annual passes over $1,000
He noted that a recent fee hike for Disneyland annual passes shows the company has pricing power.
Lockheed Martin
Trader Guy Adami said aerospace and defense company Lockheed Martin has "tremendous pricing power." The stock has climbed more than 10 percent this year.
Disclosures:
David Seaburg
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc
Dan Nathan
Dan is long PYPL Oct call calendar, BA Oct put spread, INTC Oct put spread, F Nov put spread, QQQ Oct put spread, UAL Oct/Nov put spread, .VIX Nov short put long calls, XLF Oct puts, XLU call spread, XOM Nov put spread, TWTR, PG
Guy Adami
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Steve Grasso
Steve is Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, FIT, KBH, MJNA, MU, PFE, PHM, STRP, T, TWTR, GDX firm is long BP, COP, CVX, FCX, NE, NEM, OXY, RIG, AMZN kids own EFA, EFG, EWJ, IJR, SPY
