Whole Foods Market shares rose a healthy 34 percent in 2011 year to date and remains a stock to watch, trader Jon Najarian said Wednesday.
As part of the “Fast Money” countdown of the 25 top-performing S&P stocks of 2011, Najarian was bullish on the natural and organic foods supermarket, which checks in at No. 23.
“This has been just a winner, virtually all year long, to buy it on dips,” he said.
Whole Foods traded at a 52-week high of $74.45 and a low of $46.13, with an EPS of 1.93. The stock was priced at $68 midday.
Despite some recent signs of slowing in high-end stocks, Najarian was not convinced Whole Foods would feel the pressure.
“I think it’s a good stock to own, not because of where it is in the top 25,” he said. “It’s just a good stock.”
______________________________________________________ For Louise Cooper For Gene Munster For Michael Pachter C: SA makes market JPM: SA makes market BAC: SA makes market BBT: SA makes market, Analyst owns position CNBC.com with wires.
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Trader disclosure: On Nov. 30, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Dan Dicker Long IBM, BHI, RIG; Jon Najarian Long: CIGX, CBOE, CME Long Call Spreads: AAPL, AMZN, FCX, MS, BAC, X, NUE, ANR, ACI, MT, NEM, GG, NGD; Steve Cortes Long: Treasuries, Short: EUR, GBP, AUD, MXN, QQQ, DB, XRT, AAPL, Dennis Gartman Long: gold in euro, long canadian dollar in euro terms, long wti crude oil, long australian dollar short: sp 500 index, british pound
Firm makes market in YHOO
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For Louise Cooper
For Gene Munster
For Michael Pachter
C: SA makes market
JPM: SA makes market
BAC: SA makes market
BBT: SA makes market, Analyst owns position
CNBC.com with wires.
CNBC.com with wires.