3 Stocks to Buy No Matter What Happens in Greece
Once again, Europe’s financial woes have left investors between a rock and a hard place.
Right now, the markets are currently focused on the upcoming week-end elections in Greece but the minute they’re over, chances are another woeful development will land in the headlines.
How should you put money to work in such an unpredictable market environment? CNBC’s Fast Money crew trade the markets professionally and regularly offer their insights on the Fast at 5 TV show. Here's the latest:
Strategy Session with CNBC’s Fast Money traders
Trader Joe Terranova, chief market strategist for Virtus suggests a long position in McDonald’s [MCD 89.72
1.75 (+1.99%) 
]. He feels the stock was recently oversold, and that a weak economy benefits the franchise as people trade down. “I think it runs to $94,” he says.
Trader Guy Adami, managing Director of stockMONSTER.com, is bullish onFreeport McMoran [FCX 33.90 0.55 (+1.65%) ]. Although the stock has suffered sharp declines recently, Adami believes the stock made a meaningful reversal on Thursday. “I’d trade it long with a tight stop around $31.50.”
Fossil Grant Ceramic Watch - White
Tim Seymour, founder of EmergingMoney.com, thinks resource companies such as BHP [BHP 63.55 0.37 (+0.59%) ] are worth a look. “This stock has ground through horrendous global growth data,” he says. Any kind of upside surprise should send shares much higher.
Right now, the markets are currently focused on the upcoming week-end elections in Greece but the minute they’re over, chances are another woeful development will land in the headlines.
How should you put money to work in such an unpredictable market environment? CNBC’s Fast Money crew trade the markets professionally and regularly offer their insights on the Fast at 5 TV show. Here's the latest:
Strategy Session with CNBC’s Fast Money traders
Trader Joe Terranova, chief market strategist for Virtus suggests a long position in McDonald’s [MCD 89.72
1.75 (+1.99%) ]. He feels the stock was recently oversold, and that a weak economy benefits the franchise as people trade down. “I think it runs to $94,” he says.Trader Guy Adami, managing Director of stockMONSTER.com, is bullish onFreeport McMoran [FCX 33.90
0.55 (+1.65%) ]. Although the stock has suffered sharp declines recently, Adami believes the stock made a meaningful reversal on Thursday. “I’d trade it long with a tight stop around $31.50.”Fossil Grant Ceramic Watch - White
Tim Seymour, founder of EmergingMoney.com, thinks resource companies such as BHP [BHP 63.55
0.37 (+0.59%) ] are worth a look. “This stock has ground through horrendous global growth data,” he says. Any kind of upside surprise should send shares much higher.
Posted by CNBC's Lee Brodie
Published: Thursday, 14 Jun 2012 | 6:05 PM ET
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