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Around $26, I’m a Buyer of Red Hat: Adami

The Fast Pros answer more of your questions. Find out what the gang has to say about Red Hat, Starbucks, IBM and more.

@unluckyatstocks
Q: I lost my hat with Red Hat this week. Do you think it is time to buy more for a quick pop?

A: “The quarter was fine, it beat on EPS and revenues but billings were light. I think that’s what scared people,” replies Guy Adami.

“Although I think it could get cheaper, around $36, I’m a buyer. The stock over the past few years has been a monster story with a few pull backs along the way.”

Symbol
Price
 
Change
%Change
RHT
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@K_Mery

Q: Adami or Grasso, are the recent highs in Starbucks an indication it's ready to move to 48? What are some catalysts to look for in the name?

A: “Starbucks has been making a new 52-week high almost daily,” replies Steve Grasso. “The trend in the market has been to buy the leaders and sell the laggards. I’d stick with that.”

Symbol
Price
 
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%Change
SBUX
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@JimmieJScott
Q: Which would be a stronger play going into the new year, Amazon or IBM given their recent declines?

A; “I like IBM better,” replies Stephen Weiss. “Amazon’s P/E is still too high.”

“I agree,” says Brian Kelly. “IBM is the better bet.”

Symbol
Price
 
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IBM
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Trader disclosure: On Dec 21, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Grasso owns ; Grasso owns ASTM’ Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Stutland owns AAPL calls; Stutland owns COP; Stutland owns KO CALLS; Stutland owns YUM CALLS; Stutland owns MSFT CALLS; Stutland owns GE CALLS; Stutland owns BP CALLS; Stutland owns T; Stutland owns INTC CALLS; Stutland owns DIA PUTS; Stutland owns KMP PUTS; Stutland owns ABT; Stutland owns AMGN: Stutland owns CTRP: Stutland owns PG; Stutland owns QSII; Stutland owns CSCO CALLS; Stutland owns DBA CALLS; Stutland owns EWZ CALLS; Stutland owns IBM CALLS; Stutland owns LLY; Stutland owns SBUX; Stutland owns SLE CALLS; Stutland owns SPY PUTS; Stutland owns TLT PUTS; Stutland owns NLY PUTS; Stutland owns FXE PUTS; Stutland owns GOOG PUTS

For Steve Grasso
Stuart Frankel and its partners own
Stuart Frankel and its partners own CSCO
Stuart Frankel and its partners own CUBA
Stuart Frankel and its partners own GM
Stuart Frankel and its partners own GERN
Stuart Frankel and its partners own HPQ
Stuart Frankel and its partners own HSP
Stuart Frankel and its partners own HSPO
Stuart Frankel and its partners own MU
Stuart Frankel and its partners own NEM
Stuart Frankel and its partners own NYX
Stuart Frankel and its partners own PRST
Stuart Frankel and its partners own RDC
Stuart Frankel and its partners own UAL
Stuart Frankel and its partners own XRX

For Brian Kelly
Shelter Harbor Capital is long IWM
Shelter Harbor Capital is long KRE
Shelter Harbor Capital is long ITUB
Shelter Harbor Capital is long BBD
Shelter Harbor Capital is short SLX
Shelter Harbor Capital is short hungary forint,
Shelter Harbor Capital is short swiss franc
Shelter Harbor Capital is short yen
Shelter Harbor Capital is short eurostoxx 50

For Brian Stutland
Stutland Equities is a market maker holding hedged positions in VIX futures and options

For Dan Berenbaum
No disclosures

For Bill Lefkowitz
VFinance Investments-firm has positions in VIX and VIX options

For Gene Munster
Piper Jaffray was making a market in the securities of Apple, Inc. at the time this research report was published. Piper Jaffray will buy and sell Apple, Inc. securities on a principal basis

CNBC.com with wires.