Fast Money Recap July 9

• Resource rally, Q3 predicted to be strong, anything global exposure ripping
• AA's earnings weren't that bad, RTP might take over both AA and AL
• JNJ and COP buybacks, COP still a great play
• CEOs of the world see this a cheap stock market
• IBM moved higher after buyback announcement
• Trades of HIL: CHH, HOT
• GLD, Copper and SLV, MDG take over play
• Heat wave plays: GE, EMCR, EXC, ETR, CEG
• Heat wave will help retailers clear out the summer inventory an improve margins
• BA 787 Dreamliner, in theory 20% fuel efficient due to carbon fiber composite, plays on big suppliers: KALU, GE
• Also EADS is a play
• "Transformers" biggest non-sequel ever, trades: HAS
• INTC and SNDK earnings next week, SMH ripping, TXN benefiting, other trades: DELL, HPQ, NVDA
  
• EWY South Korea ETF
• Final trade: HAS, EMC, KFT, KEP