U.S. equities market had the best day of the 2016 year so far today. Dow was up triple digits and Nasdaq closed with over 1% gain. All this despite the continued tanking crude oil prices today. That would make it a two day winning streak y’all.
Tim Seymour – Buy Altria (MO), trading at $59.38 as of closing 01/12/2016. Go with defensive earnings proven dividend stocks such as Altria.
David Seaburg – Buy Fitbit (FIT), trading at $19.63 as of closing 01/12/2016. Been negative on the stock, but as a trade, while it’s under $20, buy into earnings it’s worth a buy. Earnings going to be good, could trade up to $25.
Karen Finerman – Buy Ralph Lauren (RL), trading at $103.96 as of closing 01/12/2016. Ralph Lauren is a quality company, it’s been over sold.
Guy Adami – Buy iShares Nasdaq Biotechnology (IBB), trading at $296.20 as of closing 01/12/2016. As usual, Guy gives no color on his stock pick, just mumbled something about Bama winning last night’s game.