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Time to sort through the Fast Money in-box and answer more of your questions. Although we usually share e-mail from our viewers, Dennis Gartman a regular guest sent a message that we want to share as well.
Dennis Gartman
Strategic investor Dennis Gartman, author of the Gartman Letter writes, “Dylan the bubble has burst, at least for the next several months in the commodities. First it was wheat, then gold and today energy and soon it shall be the poster child rice. I’m short Deere [DE
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](DE) as my way of getting short of “ag”- related stuff and at the same time long of tech. One can see the movement of money away from ag in into tech. It was a tidal wave and there is more to come."
Interesting commentary, replies Pete Najarian. I still like nat gas. But soft commodities could well pull back.
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Daryn
Daryn writes, "If the Fed comes out with a very hawkish stand on interest rates where do you think oil will go in the next 2 months and which stocks would be the most vulnerable?"
If the Fed raises rates unexpectedly I think the market would go down, oil would go down and the dollar would go up substantially, replies Karen Finerman.
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Bruce
According to Boone Pickens, there is a great upside in natural gas. Would you invest in equities or the commodity?
You might want to look at Chesapeake [CHK
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], replies Pete Najarian with a stop at $46. I like it better than the United States Natural Gas Fund ETF [UNG
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].
For me the nat gas play is Apache [APA
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] and XTO Energy [XTO
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], adds Guy Adami.
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Trader disclosure: On Apr. 29, 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 (INTC), (ATVI), (MSFT), (DIS); Najarian Owns (AAPL), (TSO), (YHOO), (XLF);Najarian Owns (CHK) Calls, (MSFT) Calls, (POT) Calls; Finerman's Firm Owns (GE); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MO), (MSFT), (PM), (TSO) (VLO); Finerman's Firm Is Short (GLD), (IYR), (MDY), (IWM), (RTY), (SPY), (COF), (SPG); Finerman's Firm Owns A Bullish Call Spread In (YHOO) And Owns (YHOO) Stock; Finerman's Firm Is Short The British Pound; NBC Universal Is The Parent Company Of CNBC; GE Is The Parent Company Of CNBC
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