Transports Keep On Truckin'...
From rails to truckers, the transports are driving back toward a record high. Should you jump on the bandwagon?
Jump on, says Pete Najarian. I like the efficiencies in trucking. They’re getting more efficient and that suggests the transports are buy.
The rails look good too, says Guy Adami. But right now I think they’re due for a pull back.
I recommend the iShares Dow Jones Transport. Avg , adds Joe Terranova. I own it. That way you're not just in one name.
My pick is Ryder , says Jeff Macke. We had the CFO on the show when Fast Money went to Miami and I liked what he said. Find out what he told us in"Ryder In the Storm".
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Trader disclosure: On June 19, 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), (MSFT), (HAS), (WMT), (DIS); Adami Owns (C), (GS), (INTC), (MSFT), (NUE), (AGU), (BTU); Najarian Owns (AAPL), (ANR), (BHI), (CHK), (ENER), (NOK), (TSO), (XLF), (HPQ); Najarian Owns (SD) Calls; Terranova Owns (FXC), (IYT), (XLF), (YHOO), (LUV), (GOOG), (CME), (FCX), (SU), (BNI), (INTC); Terranova Is Long 2008 December Crude Oil; Terranova Is Short 2009 December Crude Oil;Terranova is chief alternatives strategist at Phoenix Investment Partners;
Phoenix Investment Partners Ltd. Owns (RWX), (DBC), (DBV), (IGE), (AAI), (ALK), (AMR,) (APA), BP plc, British Airways plc, (CHK), (CVX), (COP), (CAL), (DAL), ENI SPA, (XOM), Gazprom, (HA), (HES), (HOC), (HSE), (JBLU), Lukoil, (MRO), (MUR), (OXY), Petrobras Intl Fin, Petro-Canada, (PBR), Petroleos De Venezuela, (QAN), (RJET), Royal Dutch Shell plc A Shares, (SKYW), (LUV,) (SU), (TSO), Texaco Capital, Total SA, (UAUA), (LCC), (VLO)