The traders on CNBC’s Fast Money discussed picks for Thursday, October 23, 2014.
Dan Nathan would sell Home Depot. The company has been facing headwinds lately, including a security breach that might have exposed card information of as many as 56 million customers. Home Depot was downgraded from Buy to Neutral by SunTrust, as reported by Seeking Alpha.
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Kelley would short the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), because he feels it is in a bubble. He would use puts.
Pete Najarian is long Merck, which has a solid hepatitis C drug and has a good dividend. Merck is also teaming up with Sanofi Aventis to produce a vaccine that will protect children against 6 diseases.
Guy Adami is bullish on Amgen, because Dan Loeb bought a stake. Loeb wants to see the company split up into a legacy drug business and another that will develop its pipeline. Adami would be long into earnings.
