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Giving Thanks: Najarian

At Thanksgiving time we often give thanks for health, happiness and prosperity; and for those stocks that have run up big!

Pete Najarian tells the desk he’s thankful for Apple which is up 140% year to date.

This was an $80 stocks early in the year and then it exploded to the upside, explains Najarian. Looking forward do you want to take it off? I don’t think you do.

The company has $23 billion in cash and zero debt. At $8 projected earnings for next year I think the stock is relatively cheap. And if they come out with a tablet it will immediately be competitive with the Kindle.

I think it keeps going up.

> To find out what stock Guy Adami gives thanks for, click here


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Trader disclosure: On November 24th, 2009, 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (EEM), (FXI), (INTC), (VIP), (F); Finerman's Firm Owns (AAPL), (PLCE), (MSFT), (NOK), (WMT), (FLS), (PDE), (RIG), (TGT); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO), (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Calls; Finerman Owns (BAC) Preferred, (BAC); Najarian Owns (AAPL) Call Spread; Najarian Owns (BRCD) & (BRCD) Calls; Najarian Owns (CLF) & (CLF) Calls; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (DELL) Calls

Najarian Owns (DE) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (INTC) & (INTC) Calls; Najarian Owns (LAZ) & short (LAZ) Calls; Najarian Owns (BKS) Puts

For Charles Grom
JP Morgan Has Investment Banking Rel. With (M)
JP Morgan Has Investment Banking Rel. With (KSS)
JP Morgan Has Investment Banking Rel. With (JCP)
JP Morgan Has Investment Banking Rel. With (SKS)
JP Morgan Has Investment Banking Rel. With (COST)
JP Morgan Has Investment Banking Rel. With (TGT)
JP Morgan Has Investment Banking Rel. With (WMT)
JP Morgan Owns (SKS)

For Mark Mahaney
Citi Has Received Compensation From (AMZN)
Citi Has Received Compensation From (EBAY)
Citi Has Had (AMZN) As A Client In Past 12 Months
Citi Is A Market Maker In Shares of (AMZN)
Citi Is A Market Maker In Shares of (EBAY)

For Peter Schiff
Schiff Owns Gold