Avoid ‘Earnings Cliff’ With This Stock: Guy Adami

USBancorp strength provides a way to sidestep weak third-quarter earnings, Drakon Capital’s Guy Adami said Monday on CNBC.

“If you’re looking for slow-and-steady-wins-the-race, that’s where I would continue to go,” he said on “Fast Money.”

Adami pointed to the stock hitting a multiyear high last week.

Earlier, S&P Capital IQ Senior Manager Christine Short highlighted the threat of an earnings cliff.

“What the estimates are telling us right now is that we’re certainly heading for a earnings slowdown, if not a decline,” she said.

Growth for the third quarter could hit negative-2 percent, representing the lowest growth rate since the 2009.

Trader disclosure: On Sept. 10, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AAPL; Pete Najarian is long BAC CALLS; Pete Najarian is long C; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long ANR; Pete Najarian is long TCK/WLT; Pete Najarian is long BX; Pete Najarian is long BBBY; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long MSFT; Joe Terranova is long VRTS; Joe Terranova is long WFM; Joe Terranova is long AAPL; Joe Terranova is long CSTR; Joe Terranova is long SHKP; Joe Terranova is long EMC; Joe Terranova is long NXPI; Joe Terranova is long AAPL SEPT $655 PUTS; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami’s wife, Linda Snow, works at Merck (MCK).

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