The traders on CNBC’s Fast Money discussed investing ideas for Tuesday, November 4.
Pete Najarian would buy Yahoo (YHOO). The stock climbed 6.1% on news that CEO Marissa Mayer is looking into certain tax advantages that will allow shareholders to benefit as much as possible from YHOO’s stake in Alibaba.
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Brian Kelley would short iShares Silver Trust ETF (SLV). Silver prices fell on the Fed anoucement last week that indicated the American economy is getting stronger. As the dollar rises, silver usually falls.
Guy Adami is bullish on McDonald’s (MCD). The company recently reported the worst profits in its history, and has appointed a new President for the U.S. business, Mike Andres. He said the company needs serious restructuring, beginning with changes in management.
Dan Nathan thinks if Alibaba (BABA) dips below $100, it is a buy. Alibaba is going to report earnings on Tuesday, and expectations are high. It may be worth buying if the stock sells off after earnings.