Published On: Thu, Oct 23rd, 2014

4 Fast Money Picks for Thursday: Home Depot, HYG, Merck, Amgen


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.

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.

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