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Trading AAPL, HPQ & other discount stocks

As shoppers prepare to go after deals on Black Friday, "Fast Money" traders looked at stocks they can buy at a discount.

Apple

Apple, the world's largest company by market cap, trades at a valuation lower than most of its competitors, said trader Steve Grasso. The stock has climbed about 7 percent this year.

"Apple is always cheaper than its peers," he said.

Shoppers at an Apple store in New York
Scott Mlyn | CNBC
Shoppers at an Apple store in New York

HP Inc.

HP Inc shares fell nearly 14 percent after earnings on Tuesday. Quarterly results for the formerly combined Hewlett-Packard missed analysts' expectations.

Trader David Seaburg believes sentiment is bad enough that investors could collect the stock's dividend with limited downside.

Michael Kors

Shares of luxury retailer Michael Kors have plummeted about 43 percent this year. However, the stock trades at a discount to competitors, and may have upside moving forward, said trader Karen Finerman.

Keurig Green Mountain

Shares of Keurig Green Mountain, the battered maker of beverage machines, have plunged 60 percent this year. It rose 8 percent on Wednesday.

While investors should not buy the stock now, it may have upside after another dip, said trader Tim Seymour.

Disclosures:

Tim Seymour

Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JCP, JPM, KO, LGF, T, TWTR, VRX. Tim's firm is long BABA, BIDU, MCD, NKE, SBUX, YHOO.

David Seaburg

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc

Karen Finerman

Karen is long BAC, C, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, SEDG, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, DIS puts, FL, FL calls, GOOG, GOOGL, GPS, JPM, KORS, LYV, MA, URI, URI long puts, WFM, her firm is short IWM, SPY, MDY. Karen Finerman is on the board of GrafTech International.

Steve Grasso

Steve is Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, KBH, MJNA, MBLY, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long BP, COP, CVX, OXY, RIG kids own EFA, EFG, EWJ, IJR, SPY