The traders on CNBC’s Fast Money discussed 4 trades for Friday October 31.
Joe Terranova is bullish on Michael Kors (KORS). The stock was downgraded by Janney Capital on expectations of slower sales in North America, but Morgan Stanley found its promotions were not cutting as dramatically into gross margins as some suspected.
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Jon Najarian likes Dr. Pepper Snapple (DPS). The company has been outperforming competitors Coca-Cola (KO) and Pepsi (PEP) for the year, mainly because it has dominant market share in non-cola soft drink brands. Jim Cramer has also been bullish recently on DPS.
Stephanie Link would buy Allison Transmission (ALSN) reported a 19% increase in revenues in every segment except defense, which saw a decline because of military spending cuts. However, with conflicts in the world heating up, these reductions might be reversed.
Josh Brown is bullish on Discover Financial (DFS) reported 7% loan growth, but there were questions raised about how profitable its rewards program is.
