Skip navigation

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our "Question of the Day" right now.




Full ShowFull ShowFULL SHOWS
Missed an episode of Fast Money?  Watch the lastest show here.




Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.



PodcastFM PodcastsFAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY PHOTOS!
Check out our scrapbook.  These "pix" are guaranteed winners.




SignupNewsletterNEWSLETTER
Sign up and receive a recap email every Friday after the show!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
Text Size
Jul.25
1:06 PM ET
Wednesday, 25 Jul 2007
No. 3 - Top Gun

Earnings news from the nation's largest defense contractors pushed the industry's already soaring shares even higher, Tuesday. Fighter jets and missile defense systems sparked the biggest one-day move in 4 years for Lockheed Martin (LMT). Northrop Grumman (NOC) also came out with results above forecasts. Will defense stocks continue to be top guns for your portfolio?

CNBC’s Jane Wells joins the guys for this conversation. Here are excerpts from what was said.

Jane calls defense "the bomb." She says defense beat The Street, raised guidance and they anticipate strength through the end of the year.

She adds one weak player in the sector is Ceradyne (CRDN) who reported Tuesday that orders are falling off. (In case you're wondering, they make body armor for troops.)

Guy Adami says defense will likely be flat in ’08 and then probably up again in ’09. He recommends taking profits in LMT. He adds Boeing (BA) is the stock to watch.

Eric Bolling says if Beoing doesn’t do well Tuesday get out of Honeywell (HON). Conversely, if Boeing performs well, Eric recommends adding to your position in Honeywell.

Jane Wells says General Dynamics (GD) is another name The Street is watching closely. In closing she says it’s important to remember that when the defense budget goes up – these stocks usually go up, too.

No. 3 - To Gun
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .

Trader disclosure: On July 24th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (JWN) Bolling Owns (BP), (T), (XOM), Gold, Silver, Copper, Platinum


Tools:
PrintEmailAdd This share icon
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 05:21:40 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:04 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 02:05:47 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:48 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters