Ken Squire Shares His Activist Trades

Speaking on CNBC's Fast Money, Ken Squire of 13D Monitor shared with the viewers his favorite stocks that have activist interest.

Squire is very excited about the changes Elliott Management has done in Juniper Networks, Inc. JNPR. There is a new CEO and the company has announced $250 million in cost cuts; it's going to return $3 billion to shareholders.

He also likes Zoetis Inc ZTS, which is under the influence of Bill Ackman and Pershing Square Capital Management.

Squire sees Zoetis as a stable company that needs some activism. He believes the company is definitely going to cut costs and a replacement of the CEO is possible.

A sale of the company might happen at some point, he added.