Wall Street whale watchers are reporting an important sighting. The '13-F' filings, which disclose stock holdings of investors such as Eddie Lampert and Warren Buffet, came into full view. How should you trade it?
The 13-F is a filing made by anyone who manages $100 million or more Karen Finerman explained.
WALL STREET WHALE COMPANY
Maverick Capital Macy’s (M)
Atticus Capital Freeport McMoRan (FCX )
Eddie Lampert Home Depot (HD)
Warren Buffet CarMax (KMX)
Carl Icahn American Railcar (ARII)
Eddie Lampert in Home Depot could be a real estate play, said Jeff Macke.
Look at how much Citibank (C) stock Lampert owns, Pete Najarian added. Maybe he want the CEO job?
What??! said Karen Finerman in dismay.
FCX could be a great stock to own said Guy Adami. I think it will be in the $120’s by January or February.
Trinity Industries (TRN) and Wabtec (WAB) are two other names I like in the space, said Guy Adami. They could get you ahead of the railroad boom, he added.
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Trader disclosure: On Nov. 15, 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 (HAS), (INTC), (ATVI), (SWY), (COH); Najarian Owns (AMTD) Options, (C) Options, (GS) Options, (BHP) Options; Najarian Owns (MER) And Is Short (MER) Options; Finerman's Firm And Finerman Own (GS), (HD), (KFT), (CROX); Finerman's Firm Owns (COV), (KSS), (PLCE), (TYC); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (BEAS) Options; GE Is The Parent Company Of CNBC