Fast Money's Bad News Bull Stocks
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Date updated:11-05-2008

These are strange days indeed. Despite horrible headlines some stocks are trading higher. Much higher.

symbol name last price % change open
  • +
  • MGM
    M G M Mirage
  • $10.87
  • +4.52%
  • $10.65

Najarian said MGM Mirage(MGM) has traded up nearly 45% in two days, despite reporting a 76% drop in third-quarter profits. Najarian is long (MGM) Calls, (LOW) Calls, (AFL) Calls. In other words he's betting these three stocks are going to go higher.

People owning MGM also tend to own: AERTASRPCBCAPHSILSIXF

TheStreet.com Rating: D What is this?

  • +
  • LOW
    Lowes Companies
  • $21.30
  • +1.38%
  • $21.19

He mentioned that Lowe's(LOW) has traded up from $17 per share to over $20 per share, after home construction data showed new construction spending was down 19%. Najarian is long (MGM) Calls, (LOW) Calls, (AFL) Calls. In other words he's betting these three stocks are going to go higher.

People owning LOW also tend to own: BRCDCEBAYEMCFCFSFLEXGE

TheStreet.com Rating: C+ What is this?

  • +
  • AFL
    A F L A C Inc
  • $44.94
  • +2.14%
  • $44.38

Or check out Aflac [AFL]. Net income fell by 76% in the third quarter and it expects to take a fourth-quarter charge of about $110 million on securities it owned in Icelandic banks. This stock traded higher too. Najarian is long (MGM) Calls, (LOW) Calls, (AFL) Calls. In other words he's betting these three stocks are going to go higher.

People owning AFL also tend to own: AMPAPOLCOHERSGGGHANSHD

TheStreet.com Rating: C+ What is this?

  • +
  • M
    Macy's Inc
  • $17.86
  • 0.00%
  • $N/A

And in general consumer confidence out this past Tuesday was a record low. Yet Macy’s [M], Kohl’s [KSS] and even the Retail HLDRs [RTH] all closed in the green.

People owning M also tend to own: CSCOJCPKSSTGTCOHDWAKTC

TheStreet.com Rating: D What is this?

  • +
  • KSS
    Kohls Cp
  • $54.59
  • -3.14%
  • $56.40

And in general consumer confidence out this past Tuesday was a record low. Yet Macy’s [M], Kohl’s [KSS] and even the Retail HLDRs [RTH] all closed in the green.

People owning KSS also tend to own: BBBYCCSCOGEINTCMSFTPFE

TheStreet.com Rating: B What is this?

  • +
  • RTH
    Ml Retail Holdrs
  • $94.19
  • +0.04%
  • $94.37

And in general consumer confidence out this past Tuesday was a record low. Yet Macy’s [M], Kohl’s [KSS] and even the Retail HLDRs [RTH] all closed in the green.

People owning RTH also tend to own: AKSBCSICOVDISHELONHCBKNOV

TheStreet.com Rating: No Rating What is this?

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