Three Buying Opportunities Amid Sell-Off

The Fast Money pros may not see a lot of opportunity amid Tuesday’s sell-off. But that’s not to say they don’t see anything.

There’s always a trade to be made no matter what’s happening in the markets, and the Fast Money gang is always on the lookout for you.

Here’s what they see:

Trader Steve Grasso thinks the weakness in two department stores present opportunity.

Retailers sold off broadly, but Grasso says the only those with a big presence overseas, such as Coach and PVH – should have sold off.

He feels department stores that are US focussed with strong fundamentals and strong management teams, such as Nordstrom and Macy’s , remain attractive and can be bought on the decline.

Trader Guy Adami thinks the sell-off in Pfizer is a buy. “They have a great dividend and it trades at a compelling valuation,” he says.

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Trader disclosure: On May 8, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long call spreads AAPL; Jon Najarian is long call spreads CIEN; Jon Najarian is long call spreads GS; Jon Najarian is long call spreads FFIV; Jon Najarian is long call spreads NFLX; Jon Najarian is long call spreads AH; Jon Najarian is long CIGX; Jon Najarian is long CBOE; Jon Najarian is long CME; Jon Najarian is long DDMG; Jon Najarian is long PBI PUTS; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Steven Grasso is long RDC; Steven Grasso is long CUBA; Steven Grasso is long GERN; Steven Grasso is long HPQ; Steven Grasso is long HSPO; Steven Grasso is long MU; Steven Grasso is long NYX; Steven Grasso is long NEM; Steven Grasso is long P; Steven Grasso is long PRST; Steven Grasso is long VVUS; Steven Grasso is long XRX; Steven Grasso is long ZNGA; Steven Grasso is long ABX; Steven Grasso is long APC; Steven Grasso is long BAX; Steven Grasso is long CVH; Steven Grasso is long DVN; Steven Grasso is long ESV; Steven Grasso is long GM; Steven Grasso is long TBT; Steven Grasso is long UAL; Steven Grasso is long WSH; Steven Grasso is long UNM

Dennis Garman
Nothing to disclose

For Tony Wible
I, Tony Wible, the Primarily Responsible Analyst for this research report, hereby certify that all of the views expressed in this research report accurately reflect my personal views about any and all of the subject securities or issuers. No part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views I expressed in this research report.

For Sean McGowan
I, Sean McGowan, hereby certify that the views expressed in this research report accurately reflect my personal views about the subject company (ies) and its (thei r) securities. I also certify that I have not been, am not, and will not be receiving direct or indirect compensation in exchange for expressing the specific recommendation(s) in this report

For Mathew DiFrisco
Lazard Capital Markets LLC makes a market in MCD securities with wires.