Fast Money Recap
Word On The Street
WORD ON THE STREET VIDEO
Globalization Trade
The weakness at home is dragging other nation’s lower, and what is the trade when you can’t hide anywhere in the world from a slowing U.S. economy? Ratigan told us that Chile, Mexico, Taiwan and Thailand were the only ones to finish Q1 in positive territory. Adami and Macke do not think that people can benefit from globalization and claim we’re decoupled on the way down. Finerman is not surprised either. Ratigan concluded that we are fully and completely coupled.
Best Buy Earnings Trade
A window into tech spending may be offered by Best Buy (BBY) on Wednesday. Najarian sees less and less demand and expects numbers to be weak. Macke sees this as getting a read on the consumers not bottom fishing so watch guidance. Adami thinks Corning (GLW) is the trade here.
Lehman Brothers News
CNBC’s Maria Bartiromo joined the show to reveal exclusive new details about the Lehman (LEH) plan to issue $3 billion in convertible preferred shares. CFO Erin Callan from LEH provided Maria with details. The stock is trading down but they are announcing a deal that they are already sold. Watch the interview in this video.
Chartology With Dan Fitzpatrick
Dan Fitzpatrick thinks steel is a winning sector in a losing market. He joined the show today to analyze charts for AK Steel (AKS), Steel Dynamics (STLD) and DJ U.S. Steel Index vs. S&P 500. The bottom line is that it is not too late to buy domestic steel stocks in Fitzpatrick’s view. For as long as the dollar remains weak, steel stocks should remain strong.
POPS&DROPS
POPS - Fortune Brands (FO), Northwest Airlines (NWA), Starbucks (SBUX), Gilead (GILD), Charles Schwab (SCHW), Macy’s (M), Ansoft Corp. (ANST), Vertex Pharmaceuticals (VRTX) and Coach (COH).
DROPS- Thornburg (TMA), Cal-Maine Foods (CALM) and Jos. A Bank Clothiers (JOSB).
Copper Trade
Freeport-McMoRan (FCX) CEO Richard Adkerson joined the show to talk about why his company should crowned Fast Money Madness champ. By then end of Q1 copper prices surged 26% and it was the best period in two years and last year 78% of FCX revenues came from copper. Business is great and they have good growth opportunities in an industry that is challenged by growth. Emerging markets continue to be strong according to the CEO.
Fast Money Madness
MADNESS VIDEO
WORD ON THE STREET VIDEO
Globalization Trade
The weakness at home is dragging other nation’s lower, and what is the trade when you can’t hide anywhere in the world from a slowing U.S. economy? Ratigan told us that Chile, Mexico, Taiwan and Thailand were the only ones to finish Q1 in positive territory. Adami and Macke do not think that people can benefit from globalization and claim we’re decoupled on the way down. Finerman is not surprised either. Ratigan concluded that we are fully and completely coupled.
Best Buy Earnings Trade
A window into tech spending may be offered by Best Buy (BBY) on Wednesday. Najarian sees less and less demand and expects numbers to be weak. Macke sees this as getting a read on the consumers not bottom fishing so watch guidance. Adami thinks Corning (GLW) is the trade here.
Lehman Brothers News
CNBC’s Maria Bartiromo joined the show to reveal exclusive new details about the Lehman (LEH) plan to issue $3 billion in convertible preferred shares. CFO Erin Callan from LEH provided Maria with details. The stock is trading down but they are announcing a deal that they are already sold. Watch the interview in this video.
Chartology With Dan Fitzpatrick
Dan Fitzpatrick thinks steel is a winning sector in a losing market. He joined the show today to analyze charts for AK Steel (AKS), Steel Dynamics (STLD) and DJ U.S. Steel Index vs. S&P 500. The bottom line is that it is not too late to buy domestic steel stocks in Fitzpatrick’s view. For as long as the dollar remains weak, steel stocks should remain strong.
POPS&DROPS
POPS - Fortune Brands (FO), Northwest Airlines (NWA), Starbucks (SBUX), Gilead (GILD), Charles Schwab (SCHW), Macy’s (M), Ansoft Corp. (ANST), Vertex Pharmaceuticals (VRTX) and Coach (COH).
DROPS- Thornburg (TMA), Cal-Maine Foods (CALM) and Jos. A Bank Clothiers (JOSB).
Copper Trade
Freeport-McMoRan (FCX) CEO Richard Adkerson joined the show to talk about why his company should crowned Fast Money Madness champ. By then end of Q1 copper prices surged 26% and it was the best period in two years and last year 78% of FCX revenues came from copper. Business is great and they have good growth opportunities in an industry that is challenged by growth. Emerging markets continue to be strong according to the CEO.
Fast Money Madness
MADNESS VIDEO
Final Trade
Macke likes Freeport-McMoRan (FCX). Adami favors Apple (AAPL). Finerman picked Golar (GLNG) and Najarian said buy Research In Motion (RIMM).
Macke likes Freeport-McMoRan (FCX). Adami favors Apple (AAPL). Finerman picked Golar (GLNG) and Najarian said buy Research In Motion (RIMM).
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