All this week Fast Money is checking in with the Street's top analysts to get you their top 3 trades for 2011.
Widely followed tech analyst Gene Munster of Piper Jaffray suggests the following for your radar!
AMAZON
Although valuations in this stock are lofty to say the least (currently about 60 times next years earnings) Musnter says hold your nose and dive into Amazon .
”I think it’s about owning the theme here,” he says. "Currently 6% of what’s bought in the US, excluding gas and groceries, is bought online. That number could be 20% in the next few years. “
And Amazon is the dominant player - with no direct peers.
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MERCADO LIBRE
Sometimes called the eBay of Latin America, Munster likes this Buenos Aires based company for its home field advantage; they understand the Latin market.
”Mercado Libre a great derivative emerging market play,” he says, ”Latin American consumers are very cost conscious,” he adds, “and the fact that this company has a price advantage is a huge competitive advantage.”
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APPLE
We ran out of time on TV, but ahead of the broadcast Munster told us his third pick was Apple . That probably comes as no surprise; Munster is one of the best known and widely followed Apple bulls out there. According to the WSJ, "Piper Jaffray’s Gene Munster has a 12-month price target of $431 on Apple."
Among the many catalysts he cites for Apple is the impact that Verizon could have on the iPhone. Click here to go to "Munster: Street Doesn’t Understand Verizon Impact On Apple"
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TAKE YOUR POSITION: BEST BUY
The traders are taking their positions ahead of Best Buy earnings Tuesday after the bell. For what it’s worth, Best Buy was one of the most visited retail sites this past Black Friday.
Black Friday Top Sites
Amazon
Walmart
Target
Best Buy
Source: Comscore
How should you trade it?
I’ll be watching for what they say about TV sales, says Brian Kelly. I'm hearing chatter that there amy be an inventory build.
I like the company long-term, says Zach Karabell, but I wouldn’t expect it to make a big move on the earnings.
In the options markets I’m seeing nerves to the upside, counters Pete Najarian. I suspect we see a bigger move than Zach thinks.
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Trader disclosure: On December 13, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (AAPL), (GOOG), (IBM), (GS), (C), (FCX), (GE), (FXI); Pete Najarian owns (CRUS); Pete Najarian owns (C); Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (YHOO); Pete Najarian owns (SMH) call spreads; Pete Najarian owns (DRYS) call spreads; Pete Najarian owns (F) bonds; Pete Najarian owns (GE); Pete Najarian owns (STLD) calls; Pete Najarian owns (CNI); Pete Najarian owns (WLT) call spreads; Pete Najarian owns (JOYG) call spreads: Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MOT), (MHY), (NDAQ), (PFE), (PRST), (S), (X)
For Brian Kelly
Accounts Managed By Kanundrum Capital Own (AAPL)
Accounts Managed By Kanundrum Capital Own (BG)
Accounts Managed By Kanundrum Capital Own (DE)
Accounts Managed By Kanundrum Capital Own (DRYS)
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own (FXY) puts
For Steve Grasso:
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (CSCO)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (TLM)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co And its Partners Own (UNM)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (MCD)
Stuart Frankel & Co and its partners are short (AAPL)
For Zachary Karabell
River Twice Capital owns (GS)
River Twice Capital owns (MSFT)
River Twice Capital is short (AA)
River Twice Capital is short (SMH)
River Twice Capital is short (XLF)
River Twice Capital owns (GS)
River Twice Capital owns (MSFT)
River Twice Capital is short (AA)
River Twice Capital is short (SMH)
River Twice Capital is short (XLF)
For Gene Munster
(ACOM), (DRIV), (LOGM), and (RLOC) have been investment banking clients of Piper Jaffray during the past 12 months
Piper Jaffray expects (DRIV) to be an investment banking client within the next three months
Piper Jaffray has done underwriting for (ACOM), (DRIV), (RLOC)
Piper Jaffray received non-investment banking securities-related compensation from (DRIV) during the past 12 months
Piper Jaffray is a market maker in (AAPL), (ACOM), (AMZN), (BIDU), (DRIV), (EBAY), (FMCN), (GOOG), (GSIC), (IACI), (KONG), (LOGM), (MCHX), (MELI), (PRTS), (RLOC), (SINA), (SOHU), (VCLK), (WWWW), (YHOO)
GE Is The Parent Company of CNBC
NBC Universal Is The Parent Company of CNBC
CNBC.com with wires.
