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Web Extra: Fast Money 360 - Pfizer

With shares of Pfizer up 15% over the past 3 months, how should you game this stock into – and in the wake of earnings?

Seems like a good time for Fast Money 360.

Find out what fundamentals, technicals and insights from the options world all suggest lie ahead for this stock.

FUNDAMENTALS

Miller Tabak portfolio manager Les Funtleyder is concerned that the stock doesn’t have a lot more upside.

“We think Pfizer is pressing up against its valuation here,” he says. In other words, he think at current levels it’s fairly priced.

”We would want to see what Pfizer does with its capital. If Wall Street isn’t satisfied with its capital allocation, the stock could sell off.”

TECHNICALS

Oppenheimer’s Carter Worth doesn’t see a trade in the charts.

”It’s had a big move from $14 to $20,” he reminds. “That’s a past top” which would suggest a point of resistance.

However, that does not mean you should go short.

”It is likely to just be dormant here and stall out and not respond to its earnings. We’d leave it alone,” he says.

OPTIONS

Scott Nations of NationsShares says that options traders are bullish on Pfizer going into earnings.

“On Tuesday the May 21 calls were by far the most active option and over 80% of those traded on the offer,” he says. “Aggressive buyers are reaching to buy those calls, so I would be a buyer of Pfizer going into earnings based on what we see in the options.”

OTHER INSIGHTS

What do the Fast Money traders think about Pfizer stock? Find out in this web extra! Watch the video now!

This content is only available online - you won't find these trades on TV.





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Trader disclosure: On April 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian Owns (AAPL); Najarian Owns (AKAM); Najarian owns (C); Najarian owns (CVS); Najarian own (MSFT); Najarian owns (VLO); Najarian owns (XLF); Terranova owns ( TCK); Terranova owns (SLV); Terranova owns (NFLX); Terranova owns (APA); Terranova owns (OXY); Terranova owns (FCX); Terranova owns (BAX); Terranova owns (IBM); Terranova owns (HOC); Terranova owns (UPL); Terranova owns (AKAM); Terranova owns (V); Terranova owns (CVI); Terranova owns (BX); Weiss owns (DE); Weiss owns (DE) puts; Weiss owns (AKAM); Weiss owns (QCOM); Weiss owns (VZ); Weiss owns (MSFT); Weiss owns (UUP); Weiss owns (DZZ); Weiss owns (TBT); Weiss owns (GDX); Weiss owns (JPM); Weiss owns (COP); Weiss owns (DVN)

For Matt Hougan
Howgan owns (ZSL)

For Joe Terranova
Terranova is long (AAPL) April 350 puts
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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For Les Funtleyder
Miller Tabak + Co., LLC is a registered market maker in the following securities: No companies mentioned in this report. The analyst does not have equity positions in any of the stocks mentioned. No individual at Miller Tabak + Co., LLC holds a position on the board of directors of a covered company, nor does an individual at a covered company do so at Miller Tabak + Co., LLC. Miller Tabak + Co., LLC does not own one percent or more of the outstanding shares of the company discussed in this report.


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