Joe Terranova’s Favorite Stock For Next 5 Years!
With a reputation for an itchy trigger finger, the liquidator’s been known to sling trades faster than you can say ‘submit’. But this time Joe Terranova is digging in his heels for the long-term, with an oil trade that can keep the profits flowing, despite volatile oil prices.
Let's ease off the accelerator for just a moment and give you the slow money for the long term.
Because all this week, Fast Money’s giving you their picks for the really long haul - the next 5 years.
Joe Terranova
My trade is to buy and hold Exxon Mobil for the long-term, says the Liquidator.
When John D. Rockefeller began this company he set an unbeatable strategy in motion that's still practiced today. And that strategy is year on year to provide returns that beat the competition.
On top of that, the globe needs energy and Exxon will provide it. And they're also into bio-fuels which I like.
> Click here to see Tim Seymour's Favorite Stock For Next 5 Years!
______________________________________________________
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 website send those e-mails to .
Trader disclosure: On Aug 4th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (MSFT), (RIMM), (JPM), (MS), (ABT), (MCD), (AMZN); Terranova Works For (VRTS); Terranova Is Short (TM), (WFC), (WYNN), (F); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (PDE), (TBT), (WMT); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finermnan's Firm Is Long (WFMI) Puts; Finerman's Firm Is Short (WFC), (USO), (IJR), (IYR), (IWM), (MDY), (SPY); Finerman's Firm Owns (CTX); Grasso Owns (BAC), (BA), (COST), (CSCO), (FAZ), (OXY), (V), (WMT), (XLF); Grasso's Company Owns (ABT), (GERN), (MSFT), (NWS.a), (NYX), (PDE), (RDC), (ROK), (XOM), (SDS); Grasso's Company is Short (QQQQ), (CL); Grasso Owns (CSCO); Najarian Owns (AET); Najarian Owns (BX) Call Spread; Najarian Owns (BUCY) & (BUCY) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) & (JPM) Call Spread; Najarian Owns (MS) & Short (MS) Calls ; Najarian Owns (MSFT) & Short (MSFT) Calls; Najarian Owns (PALM) Call Spread; Najarian Owns (V) & Short (V) Calls; Najarian Owns (YHOO) Call Spread; Najarian Owns (TCK) Calls
CNBC.com with wires