Jeff Macke also recommended staying with Microsoft. It’s the “easier way to make money,” he said.
STEM CELL BREAKTHROUGH:
The headline:Geron (GERN), Stem Cell Stocks Drop Despite New Breakthrough In Embryonic Research
Scientists announced Tuesday that they found a way to create embryonic stem cels without having to make or destroy embryos, which could ease the ethical debate on the issue.
Unfortunately, they are still years away from targeting stem cells to create organs, Pete Najarian said, so its too early to trade on the headline. In the meantime, he recommended ISIS Pharmaceuticals (ISIS) and Sangamo Biosciences (SGMO) as current plays on cancer treatment.
OPRAH’S FAVORITE THINGS:
The headline: Oprah Releases Highly-Anticipated List of Her Favorite Things
Shares of Williams-Sonoma (WSM) and Deckers (DECK), the makers of some of the items on Oprah’s list, actually moved higher after the list was revealed. Karen Finerman said it wasn’t a “dumb trade,” as Oprah really can move markets.
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Trader disclosure: On Nov. 20, 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 (YHOO), (EMC); Najarian Owns (AMTD) Options; (GOOG) Options; (YHOO) Options; Finerman's Firm And Finerman Own (GS), (KFT); Finerman's Firm Owns (SKS), (TSO), (WMT), (LTD), (CROX), Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (MDY), (LEN); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts