Taking a Long Look at Visa


Looking for buys in the market, sometimes the best trades may come courtesy of playing a trading range bounce.

Fast Money's Pete Najarian appeared on Closing Bell to discuss some of his volatility plays.

He likes Visa at current levels. It's one of the few that performed very well today. Pete likes the action in Visa considering the market is so weak, and the financials are so weak.

He likes that their focus is on processing and transactions, avoiding the whole credit mess.

If the market turns up in the next six to eight months, Najarian thinks that a stock like Visa could outperform with consumers using credit and debit cards even more.

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 fastmoney@cnbc.com.

On Nov 11, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU) (BTU) (C) (GS) (INTC) (MSFT) (NUE), Pete Najarian Owns (AXP) Put Spread, Finerman's Firm Is Short (IJR) (IYR) (IWM) (MDY) (SPY) (USO) (BBT) (VNO) (COF), Finerman's Firm Owns (CSCO) (MSFT) (OIH Puts), Finerman's Firm Is Short (USO), Seymour Owns (AAPL) (BAC) (EEM) (F) (MER) (SBUX), Seygem Asset Management Owns (EWZ) (FXI), Jon Najarian Is Short (FSYS)