The Word on CSX, AMD and Reddy Ice (FRZ)...
By: 
BUFFETT DAY AFTER:
The headline: Shares of CSX Corp (CSX) Are Flat After JPMorgan Issues Downgrade, Citing Limited Upside
The word:Guy Adami says CSX is up 45% since August. He thinks all the rails are ahead of themselves and recommends investors hold-off in this space.
FALLING KNIFE?:
The headline: UBS Upgrades Advanced Micro Devices (AMD), Saying Chip Maker Is Poised For A Rebound
The word: Tim Strazzini says despite the upgrade (which he says wasn’t strong) he still recommends investors sell this stock. Tim explains that he thinks the company will have a rough 3rd quarter.
A VIEWER ASKS: IS REDDY ICE (FRZ) IS A POSSIBLE HURRICANE PLAY
A viewer writes, “I know “The Admiral" had talked about various plays when it comes to water, but what about ice? I've been keeping an eye on Reddy Ice Holdings (FRZ) which has shot up recently. I see it as a derivative of the water play but if we do have a bad hurricane season, could this be a good play on that as well?”
The word: Eric Bolling loves this stock! He says FRZ has no competitors and they sell 1.9 million pounds of ice to 82 million customers. (In case you’re wondering, they make the bagged ice you find in supermarkets and convenience stores.)
RENT TO OWN:
The headline: Shares of United Rentals (URI) Soar After Company Says It May Sell Itself
The word: Jeff Macke says the trade is Rent-A-Center (RCII) and explains both firms are more financing companies than merchants.
OUR REFINED VIEWERS:
Your Text Messages Tell Us You'd Buy Valero (VLO) As Pump Prices Rise
The word: Eric Bolling says the viewers are smart, the gas crack moved up yet again today. Eric also expects gas prices will reach $3.00 a gallon very soon. (He didn’t say when.)
CHARTOLOGY: NAVIGATING NATURAL GAS
In an abridged Chartology segment, Eric Bolling reveals what the charts tell him about natural gas which jumped 30 cents today. He shows a configuration which he explains is an inverted “head and shoulders” – and explains it’s a bullish sign. Consequently, Eric recommends investors buy ElPaso Corporation (EP) and Oneok Partners (OKS)
A VIEWER ASKS: IS REDDY ICE (FRZ) IS A POSSIBLE HURRICANE PLAY
A viewer writes, “I know “The Admiral" had talked about various plays when it comes to water, but what about ice? I've been keeping an eye on Reddy Ice Holdings (FRZ) which has shot up recently. I see it as a derivative of the water play but if we do have a bad hurricane season, could this be a good play on that as well?”
The word: Eric Bolling loves this stock! He says FRZ has no competitors and they sell 1.9 million pounds of ice to 82 million customers. (In case you’re wondering, they make the bagged ice you find in supermarkets and convenience stores.)
Questions? Comments? fastmoney@cnbc.com
Trader disclosure:
On APR 10 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Bolling Owns (XOM), (EP), Gold, Silver; Strazzini Owns (CBS), (T), (VZ), (YHOO), (MER). NBC Universal Is The Parent Company of CNBC
