With Election Day Hours Away, Pros Pick Stocks

With Election Day just hours away, the CNBC "Fast Money" pros weighed Monday in with their last-minute picks of what stocks and sectors will do well regardless of who wins the presidential race.

Drakon Capital's Guy Adami thought that defense stocks would continue to do well no matter whether President Barack Obama or Mitt Romney is in the White House.

Specifically, he said he liked Lockheed Martin, whose stock has rallied since spring.

EmergingMoney.com's Tim Seymour said that the challenge in picking stocks expected to do well following an Obama re-election victory — in sectors such as health care — was that a lot of the potential gains were already "baked in."

Financial stocks, he said, could take a hit, noting "tons of call buying" in Bank of America.

"I think the bank stocks will do well in either event," said Karen Finerman of Metropolitan Capital Advisors.

The housing market, she added, would help.

Caterpillar was Mike Khouw's top pick, noting that infrastructure spending would help the maker of construction equipment.

"The Northeast is going to need it," he added, referring to the devastation wrought by Hurricane Sandy.

Trader disclosure: On Nov. 5, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long BAC CALL SPREADS; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is long WTW; Karen Finerman is short NFLX; Karen Finerman is short SPY; Karen Finerman is short MDY; Karen Finerman is short IWM; Dan Nathan is long GS NOV 115 PUTS; Dan Nathan is long YHOO JAN/DEC 17.5/18 CALL SPREAD; Dan Nathan is long FB NOV 22/24 CALL SPREAD; Dan Nathan is long MSFT JAN 26/24 1X2 PUT SPREAD; 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.

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