Your Questions About Platinum, Buying Stock In A Hedge Firm...
Question #1: Frank from Atlanta asks about platinum and wonders if this precious metal is going higher?
Eric Bolling likes the metal story across the board and recommends Frank consider buying Anglo American plc (AAUK) – the 3rd largest miner in the world.
Question #2: Alicia from California wants to know what’s the best way to play the rollout of mobile video? She’s torn between the handset makers such as Motorola (MOT) and Nokia (NOK), and the cell phone providers like Verizon (VZ) andAT&T (T)?
Tim Strazzini says VZ is still a great way to play mobile video, because Tim feels VZ has the best network. He also recommends Alicia consider buying telecom in South America and likes American Movil (AMX) as well as Nokia and Nortel (NT).
Question #3: Sara from New York wants to invest in the environment, but says she’s green when it comes to the stock market. She asks Jeff Macke if she should invest in Whole Foods (WFMI) or some other company?
Jeff Macke recommends Sara stay away from Whole Foods. Instead he recommends PG&E (PCG), which is also known as Pacific Gas & Electric. This company, he says, is already complying with California energy regulations which are quite strict.
Question #4: Otis from Indiana asks about buying stock in the hedge fund industry. Specifically, he wonders if Fortress Investment Group (FIG) is a buy considering Blackstone's IPO, and the overall instability surrounding the whole hedge fund space?
Guy Adami likes the stock in the mid-20’s and says it’s okay to buy FIG at current levels. However, Guy cautions in this case, investors are buying the people who run FIG. If a large number of high level executives leave the firm, Guy says sell.
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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