FAST MONEY: AGRICULTURE, INFRASTRUCTURE AND CHINA STOCK PITCHES

Posted: August 9th, 2007 | Author: Stock Pitcher | Filed under: Fast Money | No Comments »

The traders were right again. Cisco (CSCO) rocked. Coca-Cola (KO) hits a 52 week hit too.

Blacksone, BX closes it’s $22 billion dollar fund which suggest there is still a lot of money out there. Liquidity is back baby? Or is it.

Buffet buys more railroad with added positions in Burlington Northern Sante Fe, BNI!

Pharm Trade: Pete Najarian recommends

Exchange Trade: Nymex, NMX rumors still going because Eric Bolling who works there says they are moving for sure.

Nvidia, NVDA – Guy Adami says it’s still a stock to own and Najarian says 4 to 1 call to put ratio suggesting there will be good earnings.

EchoStar Communications, DISH – breaks it’s trend and Bolling says it’s a sell. Jeff Macke agrees with that due to higher cost.

Jack In The Box, JBX gets killed after disappointing guidance dropping about 10%. Jeff Macke says stay away.

CHINA TRADE WITH MELISSA LEE (I don’t think Melissa is Chinese though)

On the infrastructure play, Melissa says Caterpillar, CAT expects to triple sales by 2010! She adds that Marriott, MAR will benefit with 2800 additional rooms for the Bejing Olympics.

Adami says own China Mobile (CHL) and PetroChina (PTR)until the start of the Olympics while Eric Bolling recommends buying the iShares FTSE/Xinhua China 25 Index, FXI because it gives you broad exposure. Pete Najarian likes 51job Inc., JOBS which is the biggest job site in China.

Bristol-Myers, BMY and Medarex, MEDX on suspected melanoma cure which Eric Bolling doubts but Najarian owns BMY on options activity.

LUXURY TRADE:

Polo Ralph Lauren, RL missed earnings and dips but Jeff Macke says buy Tiffany & Co, TIF and Saks, SKS on the dip as well as Coach, COH.  But avoid Claiborne, LIZ and Jones Apparel, JNY.

ICAHN TRADE:

Traders says that Icahn misses but Jeff Macke says it’s just points out stocks to watch.  Bolling says he doesn’t understand why he doesn’t understand Motorola, MOT position but says the Kraft, KFT which has Petz and Icahn is in makes it an interesting trade.

AGU PLAY:

Agrium, AGU Chief Executive Michael Wilson came on the show to say the sector is on fire.  All the trader agreed.  Eric Bolling’s agricuture picks from March were Monsanto, MON, John Deere, DE, Bunge, BG and Agrium while Najarian adds Terra, TRA.  Eric Bolling notes everytime you rotate crops you need Agrium so all the traders are supports of Agrium!

POPS AND DROPS:

POPS: Lehman Bros, LEH – Najarian says buy. Hansens Natural, HANS – Adami says buy.  Amerc, UHAL – Bolling says sells though.  Ford, F – Adami who has been loving Ford says it’s going to $10 on labor concessions.  Beazer Homes, BZH jumps 25% – Bolling says selling opportunity but Bolling says buy Public Storage, PSA instead.  Warner Music, WMG on buyout – Macke says sell.  Priceline.com, PCLN – Najarian says buy

DROPS:  Charming Shoppes, CHRS – Macke says becareful of retail.  Leap Wireless, LEAP – Mackes says sell because of fast rate of customer loss.  Lamar Advertising, LAMR – Adami says it’s a sell on weaker real estate and mortgage advertising.

CLEAN TECH TRADE:

American Superconductor, AMSC infrastrure play that keeps grids up to date and Najarian says call options are screaming something is happening before earnings.

FINAL TRADES: My DVR didn’t record it…sorry.

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