Fast Money Traders Share Their Media Stock Picks

On CNBC's Fast Money, Guy Adami said that Viacom, Inc. VIAB jumped $4 on the news that it is selling a minority stake in Paramount Pictures, but it failed to keep its gains and he sees that as a sign that the stock reached its short term top. He would rather buy Netflix, Inc. NFLX on a break out above $95. Steve Grasso thinks that the most of the negative story about Walt Disney Co DIS is already priced in. He added that buyers should place a stop loss at $90. Dan Nathan believes that Walt Disney Co is going to trade lower and he sees $80 as its long term support.