Fast Money 360: Leerink Swann Is A Buyer Of Merck (MRK)

Seamus Fernandez of Leerink Swann said on CNBC's Fast Money 360 that he is a buyer of Merck MRK ahead of earnings. He added that Merck (MRK) is his top pick in the group, and he doesn't expect any surprises in the quarter. Carter Worth of Oppenheimer thinks that whatever happens on earnings won't move Merck's (MRK) price that much. He thinks that the stock is fairly priced and it looks like it is a dead money at this point. Brian Stutland said that Merck (MRK) has seen some volatile moves over last eight quarters, and the median move following earnings was 6%. Options traders were buying put options last week, and Brian Stutland wants to see a spike in volatility in Merck (MRK) before he becomes bullish. Merck (MRK) fell 1.25% today, and closed at $34.74. It is going to report earnings on Friday, July 30th.