Tuesday, June 19, 2007

Fast Money Recap June 19

  • HD announced selling construction supply unit, could go to $45
  • Lot of momentum in financials, BAC compelling also upgraded by UBS on valuation
  • Today institutional investors sold almost 100,000 calls and bought puts suggesting they are not expecting an upward move in YHOO
  • Direct negative correlation between airlines and gasoline
  • Too early to buy BBY on this pullback though the next 2 quarter could be good for them
  • Today's move in GE possibly due to BA announcing plane orders meaning more GE engines
  • Both MNT and MRX are vanity plays
  • Plays on golf include NKE, FO, ELY, and DKS
  • Final trade: HD, BYD, BAC, NWS (if the YHOO deal happens)

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