On Friday the Fast Money traders were closely wathcing the decline in Darden as investors hit the sell button after Morgan Stanley downgraded shares to equal weight, citing weakness within one of its most popular restaurants, the Olive Garden.
How should you trade it?
"I like Darden and if the Morgan downgrades pushes the stock to about $45, I’d buy in," says Jon Najarian. "I think the company is extremely well run and I like the stock for its dividend yield of about 4%."
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Trader disclosure: On Nov 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Weiss owns KO; Weiss owns HPQ; Weiss owns RIMM; Weiss owns EUO; Weiss owns WLP; Karabell owns AAPL; Karabell owns MS; Karabell owns IBM; Grasso owns AKS; Grasso owns AMR; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns BAC; Grasso owns D; Grasso owns KEG; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU
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Rivertwice has short puts AMZN
Rivertwice is short XLF
Rivertwice is short SMH
Rivertwice owns IBM
Rivertwice is short EK
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