COMMODITIES STRONG WEEK
The headline: Everything From Platinum to Coal to Soybeans to Natural Gas Post Gains This Week.
I think aluminum is the big story, says Tim Seymour. The power outages in China and South Africa are driving up the price of precious metals prices and steel around the world. I like ArcelorMittal (MT) and US Steel (X).
Amen, says Guy Adami. Steel is probably going to have pricing power.
WHALE WATCHING: BUFFETT, LAMPERT & ACKMAN
The headline: Heavyweight Investors Disclosed New Stakes Via 13-F Filings This Week.
- Buffett's Berkshire Hathaway has reported stakes In Kraft (KFT) and GlaxoSmithKline (GSK).
- Bill Ackman sold his McDonald's (MCD) stake, and added to his position in Sears (SHLD), Target (TGT), and Borders (BGP).
- Eddie Lampert cuts his stake in Citigroup (C) to 19M shares from 28M shares.
- Hedge fund Atticus added to its Alcoa (AA) and Google (GOOG) positions.
Investors might want to take a position in Kraft now, says Karen Finerman, because Buffett probably bought it for a higher price than where it’s trading now.
I think Alcoa looks cheap, says Guy Adami.
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Trader disclosure: On Feb.15, 2008, 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 (YHOO), (INTC), (ATVI), (HAS), (DIS); Finerman Owns (GS), (KFT); Finerman's Firm Owns (MSFT), (MO), (SKS), (TSO), (VLO), (WMT), (YHOO), (BR); Finerman's Firm Is Short (SPY), (MDY), (IYR), (IWM), (IJR); Finerman's Firm And Finerman Own (CROX) And (CROX) Options; Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Seymour Owns (DELL), (INTC), (MER); Seygem Asset Management Owns (GFI)