Fast Money's Recession Stock Plays
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Created by barrons2
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Date updated:01-09-2008

A string of Wall Street firms are now coming out and warning investors that a recession and correction for the stock market might be in the cards. Morgan Stanley issued its 2008 outlook report titled "There Will Be Blood" which highlighted stocks to own or sell in the event of a recession.

symbol name last price % change open
  • +
  • BBY
    Best Buy Co Inc
  • $29.55
  • -5.44%
  • $30.77

In the event of a recession Morgan Stanley suggests investors be short Best Buy (BBY) and Caterpillar (CAT). Jeff Macke explained he wouldn't short Best Buy, instead he would just walk away from the stock.

People owning BBY also tend to own: AAPLBACBGTCSCOCTSHDEODVN

TheStreet.com Rating: C What is this?

  • +
  • CAT
    Caterpillar Inc
  • $43.67
  • -4.65%
  • $45.22

In the event of a recession Morgan Stanley suggests investors be short Best Buy (BBY) and Caterpillar (CAT). Guy Adami also likes Phillip Morris, but he wouldn't short Caterpillar.

People owning CAT also tend to own: AIGALLBACCCBSCOPCVX

TheStreet.com Rating: C What is this?

  • +
  • KO
    Coca Cola Co The
  • $44.93
  • +0.49%
  • $44.22

Morgan says be long Coke (KO) and Phillip Morris (MO). Najarian recommends owning Cokes, smokes, drugs and McDonald's.

People owning KO also tend to own: AAAIGIBMINTCJNJJPMMSFT

TheStreet.com Rating: B- What is this?

  • +
  • MO
    Altria Group Inc
  • $15.09
  • -0.40%
  • $15.07

Morgan says be long Coke (KO) and Phillip Morris (MO). Finerman loves Phillip Morris and she agrees with Morgan. Guy Adami also likes Phillip Morris, but he wouldn't short Caterpillar.

People owning MO also tend to own: AAALLAPCBUDCOPCVXDOW

TheStreet.com Rating: C What is this?

  • +
  • MCD
    Mcdonalds Cp
  • $61.24
  • -1.45%
  • $61.93

Najarian recommends owning Cokes, smokes, drugs and McDonald's.

People owning MCD also tend to own: DENNDRTEHNZIASGJRCCNOOFPBY

TheStreet.com Rating: A- What is this?

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