'70's Fun Trade
Remember what you did in the 1970's for a cheap thrill? With gas surging now as then, it looks like good times are back... and ain’t we lucky we got ‘em! Maybe JJ isn’t shouting “Dyn-o-mite” but people are still eager for a summer of fun.
Forget the water park, according to Fast Money’s Jeff Macke families will get wet and wild right in their own backyards. Hasbro shares are booming on the strength of a long time favorite, the Slip N' Slide'.
And it's not just kids having fun in the backyard. Sam's Club is reporting increased sales of outdoor grills and gardening tools in the latest quarter.
So as the family trades in a vacation for a “stay-cation” here are the simple trades from summer’s simple pleasures.
I think Wal-Mart still works as well as Hasbro , Macke says. And look at Jarden the company that owns Coleman and a ga-zillion other well-known brands. CEO Martin Franklin is gobbling up his own shares which should tell you something.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to email@example.com.
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)