Your Questions About Internet Stocks and Oil Drilling
Question #1: Millie from California wonders if the weakness in Fed Ex's (FDX) results is an ominous sign for online retailers such as Amazon (AMZN) and Ebay (EBAY)?
Jeff Macke says it’s not. The rise in oil prices makes people cocoon, which is good for internet stocks such as AMZN and EBAY, he explains.
Question #2: Jaime from New York says with drilling activity so robust right now, why is Grey Wolf (GW) trading at a 52 week low?
Eric Bolling says GW is dead money. They reported a 38% jump in earnings last month and the stock did nothing. Instead, Eric recommends Jaime buy Transocean (RIG) just because it’s a better play.
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On MAR 27, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Strazzini Owns (MO), (T), (VZ), (WMT), Owns Puts in (EEM), is Short Puts in (AUY). Bolling Owns (ICE), (NMX), Natural Gas, Gold, Silver, Soybeans is Short Corn. Macke writes for Minyanville.com