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Slow Money: Get Paid to Wait

With markets growing ever more volatile and unpredictable we’re shifting into a lower gear.

We know not everyone is as nimble as the Fast traders. If that’s you, the slo-o-o-w money trades may be more your speed.

Usually our pros prefer quick moves, but in this special series they profile stocks they think you can buy and hold.

First up, Stephen Weiss. ”I’m not constructive on the market so I want to put money in equities that have big yields,” he says. And here’s what he suggests:

1. Verizon

Along with AT&T and Sprint, Verizon is among the nation’s largest providers of mobile telecommunications.

And with the acquisition of T-Mobile by AT&T Weiss thinks that Verizon gains pricing power. ”There’s a whole new pricing dynamic going on before T-Mobile folds into AT&T,” explains Weiss. "They’re charging more for data.”

Also he likes the yield. “The stock yields 5.5% and that’s great pickup over any govervment bond yield,” says Weiss.

And if that’s not enough, Weiss also says the CEO is retiring and Weiss expects him to go out with a bang

2. NuStar

NuStar is largely involved in the transportation and storage of petroleum products.

If you’re concerned that this energy company will take a hit if the price of oil or nat gas drops a lot more, don’t be. “It doesn’t move on the price of oil or nat gas,” says Weiss.

Looking at the yield, Weiss tells the desk, it’s ”yielding almost 7%.”

And he also likes that a major insider is a major buyer. “The Chairman has bought a bunch more stock and he bought it near $63.”

All told, Weiss likes both names.

You can find our conversation with Weiss about 8 minutes into this video clip.




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Trader disclosure: On June 20, 2011, 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); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Seymour Owns (AAPL); Seymour Owns (F); Nathan Owns (JPM) Put Spreads; Nathan Owns (LNKD) Put Spreads; Terranova Owns (VRTS); Terranova Owns (IBM); Terranova Owns (FCX); Terranova Owns (CVI); Terranova Owns (F); Terranova Owns (AAPL); Terranova Owns (CAT); Terranova Owns (BX); Terranova Owns (HPQ); Terranova Owns (MA); Terranova Owns (PEP); Terranova Owns (MCD); Terranova Owns (JWN); Terranova Owns (TM); Terranova Owns (LULU); Terranova Owns (WFM); Terranova Owns (DAR); Terranova Owns (BJ); Terranova Owns (XOM); Terranova Is Short (DELL); Weiss Owns (TWM); Weiss Owns (SDS); Weiss Owns (COP); Weiss Owns (JPM); Weiss Owns (UUP); Weiss Owns (DVN); Weiss Owns (HK); Weiss Owns (CMA); Weiss Owns (MRK); Weiss Owns (AKAM); Weiss Owns (ETP); Weiss Owns (MS); Weiss Owns (QCOM); Weiss Owns (VZ); Weiss Owns (MRK); Weiss is Short (X); Weiss is Short (FWLT); Weiss is Short (FLR); Weiss is Short (SHAW)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
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Industries Ltd.
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For Scott Nations
Nations Owns (SPY)
Nations Is Long Volatility In S&P

For Karen Short
BMO Capital Markets Or Affiliate Recieved Non-Investment Banking Compensation From (WFM) In Past 12 Months
(WFM) Is Or Was A Client Of BMO Nesbitt Burns, BMO Capital Markets, BMO CM Or Affiliate Within Past 12 Months (Non-Securities Related Services)
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For Dennis Gartman
Funds Managed By Dennis Gartman Are Long Gold
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For Amelia Bourdeau
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For Mark Schoenebaum
ISI Does And Seeks To Do Business With (BIIB) And Has Received Non-Investment Banking Compensaiton In The Past 12 Months

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