Fast Money Recap June 13

• Market up big today on Fed's Beige Book
• Expect continued volatility for at least next couple of weeks
• Stay with whats been working in this environment: HPQ, DELL
• Avoid financials and go for large-cap
• Keep oil in the portfolio
• UTX, FLR, CAT have trended higher
• ICE wants deal done for BOT
• NMX might get a bid from NYX
• For GS earnings tomorrow the good news is priced in but otherwise it is a good long-term story
• CAT is expecting $50bil revenue by 2010 and 15-20% rev growth. Bernstein has $100 price target
• Construction boom in China, plays CBE, ITW(Bernstein has $68 target & MER $63), FWLT, ACM (exposure in Dubai), also steel and iron ore stocks like RIO and PKX
  
• About YHOO the street has lost patience and the CEO has lost credibility
• The expectations are already priced into AMZN, online retail is hot and that can be seen in MA and AXP, Fidelity has 10% of MA, AXP trades at lower multiple
• BA is international story
• Sector trade: Hotel stocks - WYN, MAR, HOT
• Final trade: HOT, USU, NTRI, TRLG