FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our
"Question of the Day" right now.
TRADER RADAR Which stock should be on your screen? Follow the clues to solve this puzzle.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
EMERGING MONEY TOP 20
Fast Money's index for the world.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
 |
Exxon Mobil [XOM
Loading...
()
] intends to increase capital spending by 25% to a record $25 billion in ‘08, explains Dylan Ratigan, and it plans to maintain those levels for the next several years.
Chief Executive Rex Tillerson, speaking at the company's annual meeting with analysts in New York, said the money will go toward the start-up of 19 major new oil and gas projects.
Who benefits from new exploration for oil reserves?
I think the money goes right into the service sector, explains Pete Najarian. Check out Baker Hughes (BHI), Schlumberger (SLB), or Halliburton (HAL).
And, if you want to take it a step further look at AK Steel (AKS) and US Steel (X). They supply the metal and steel needed by the service sector.
I also like Alpha Natural Resources (ANR) for coal and Bucyrus International (BUCY) for machinery, Najarian adds.
Or check out the Oil Services HLDRS (OIH), says Karen Finerman.
Nucor (NUE) is my trade, says Guy Adami.
There’s also the United States Oil Fund (USO), Jeff Macke adds.
Check Out These Other Posts |
______________________________________________________
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 Mar. 5, 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); Najarian Owns (AAPL), (BIIB), (C), (CSCO), (MS), (MSFT), (XLF); Najarian Owns (YHOO) And (YHOO) Calls; Najarian Owns (COP), Calls(AKAM) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (AAPL), (BJS), (MSFT), (SKS), (TSO), (WMT); Finerman's Firm And Finerman Own (CROX); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Is Short (GLD), (IYR), (MDY), (SPY), (IWM), (IJR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes