The Word On Construction, Video Games & More
The headline: Video Game Publisher THQ (THQI) Falls On Weak Forecast
The word: Jeff Macke says there’s confusion over the video game cycle. The numbers don’t take off this early into the cycle. He expects the game makers will make money in 2008 and 2009 and recommends investors by the dips.
The headline: The Unrelenting Bull Charges Back to Put the Dow in the Black for the Week.
The word: Eric Bolling says the market moved higher all day and it caught him by surprise. He was hedged for more selling. Karen Finerman echoes that she too, was hedged for weakness Jeff Macke adds the one sector that saw sell-off was retail.
The headline: Chicago Mercantile (CME), Competing With Intercontinental Exchange (ICE) For CBOT (BOT), Jumps After Raising Bid
The word: Eric Bolling says this is the deal he thinks makes more sense. He adds the other exchanges went higher, too.
And, on a related note he explains shares of the New York Mercantile Exchange(NMX) will be unlocked on Tuesday and he thinks investors are waiting to jump in and buy. Eric owns NYMEX and ICE and says if they get together, that would be fantastic!
BUILDING A TRADE:
The headline: The Great Infrastructure Buildout Continues AS KBR Inc. (KBR) Surges This Week
The word: Karen Finerman expects strength in non-residential construction and she doesn’t think it’s priced into the sector at all. She sees good things from names such as Foster Wheeler (FWLT) through Cemex (CX) and assorted HVAC (heating, ventilating, and air conditioning) companies.
FLUOR- ISHING :
The headline Fluor (FLR), the Biggest U.S. Engineering Firm, Rises After $1B Saudi Contract
The word: Guy Adami says the stock closed on a 52-week high on Friday and Citigroup has raised its price target.
The headline: Gasoline Sees Biggest Weekly Gain In Nearly 3 Months
The word: Eric Bolling says gas is up 41% at the pump since January. He likes Chevron (CVX) in the space.
THE MOTHER’S DAY TRADE:
The headline: Mother’s Day Is This Sunday
The word: 1-800-Flowers.com (FLWS) Chief Executive James McCann joins the guys for this conversation.
He says Christmas, Valentines Day and Mother’s Day are the three biggest holidays for his company, with 8-10% of annual sales will be made during Mother’s Day week.
Because many retailers are Christmas based having three key holidays allows FLWS to have 3 profitable quarters.
Dylan asks the guys what they think about the stock
Guy Adami and Karen Finerman like the company. Eric Bolling says he likes FLWS more than FTD (FTD). Jeff Macke adds he wouldn’t bet against online retail.
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Trader disclosure: On May 11, 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 (ICE), (NMX),Gold, Silver; Finerman and/or her Firm Owns (BBI), (KBR), (HD), (FLS), (CX), (ASD), (WMT), (TYC), (GS), (INWK); Finerman's Firm Is Short (HAL)