Fast Messages - We Answer Your Questions
Time to sort through the Fast Money in-box and answer more of your messages.
Art from Florida
Art writes, “Will a recession affect Honeywell (HON) stock more than others? It is viewed sometimes as a cyclical stock.”
Two of Honeywell’s businesses are in housing and autos. The fact that it hasn’t affected the stock yet, makes it hard to believe it will affect it going forward says Guy Adami. I like the stock recession or no recession.
Ehab from Texas
Ehab writes, "The FDA should study England’s move that made Zocor over the counter. Oh well, just another loss for the American public. Seems more like an FDA vote on the lack of confidence on the intelligence of the American people."
The FDA takes the potential side effects of any drug very seriously, replies Pete Najarian. Ever since Vioxx expect the FDA to scrutinize drugs more closely.
Brian from New York
Guy, what do you think about the recent risk in core inflation in relation to commodities stocks such as Freeport McMoRan (FCX)?
I’m not sure how to answer the question, says Guy Adami, other than to say I like FCX and believe it will go significantly higher.
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Trader disclosure: On Dec. 13, 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 (SWY), (INTC), (EMC), (YHOO), (ATVI); Najarian Owns (BIIB), Najarian Owns (BSC) Options, (GOOG) Options, (TGT) Options, (XMSR) Options, (YHOO) Options; Finerman's Firm Owns (GS), (WMT); Finerman's Firm Is Short (IWM), (IYR), (SPY), (IJR), (MBI); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts