A handful of stocks have landed on the Fast Money radar, amid growing chatter that their valuations may be stretched. Are these names on your radar too?
Tiffany
Weak holiday sales and a silver “fashion miss’ have triggered skepticism that Tiffany's results may not be as attractive as it signature pieces. As a result, shares may be outpacing fundamentals.
How should you trade it?
“I look favorably on the long-term prospects but in the near-term I think the stock has gotten ahead of itself,” says Oppenheimer’s Brian Nagel.
Although he has a long-term outperform rating on Tiffany, he’s cautious in the near-term. However, on any pullback he’s a buyer.
Guy Adami says although the stock has made a series of lower highs, which is bearish, he still thinks Tiffany ‘is ok.’ If private equity gets going again, he thinks Tiffany could be a takeover target.
Keith McCullough says, whatever you do, don’t short Tiffany. The potential of a stronger dollar means gold and other precious metals become cheaper. “That makes cost of goods for Tiffany attractive,” he says.
eBay
eBay came under scrutiny, after Credit Suisse downgraded shares to ‘Neutral citing valuations; the stock has already gained more than 20% this year.
How should you trade it?
