In the Fast Money Happy Hour we go to the bar to get Friday’s trading buzz.
Whitney Tilson, a managing partner at T2 Patners, (a hedge fund that specializes in value stocks) joins the conversation.
Tilson thinks the credit crunch might continue, and because of that uncertainty, he's looking to blue chip stocks that he believes are trading at a discount.
Before the show, he told the Fast Money producers that he likes McDonald’s (MCD) and Berkshire Hathaway (BRK), both for their global exposure, and because they trade at a low multiple. If the economy slows, he thinks these stocks will continue to be cheap. And if the economy remains robust, he believes they will benefit.
On air he recommended getting long EMC Corp (EMC) and shorting VMWare (VMW) which he says gives investors one of the world's premiere technology companies for 8 times cash earnings.
______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.
Trader disclosure: On Oct 12, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), (INTC), (JWN), (EMC); Najarian Owns (BEAS), (C), (EMC), (GOOG), (UA); Finerman Owns (C), (GS); Finerman's Firm Owns (COP), (CTX), (GE), (KSS), (LTD), (MSFT), (NVT), (TGT), (WMT), (DAI), (KFT), Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (BEAS); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC
