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Prop Desk: Construction Trade

Friday, 18 Sep 2009 | 5:42 PM ET

On Sunday night, a new billion-dollar baby makes its debut in the form of the Cowboys Stadium. And Guy Adami smells a trade!

As you may know the new stadium, which cost about $1.2 billion will make its regular-season debut when the Dallas Cowboys go head-to-head with the New York Giants.

Until you see it in person, you can't truly appreciate (it), writes ESPN. “I find myself studying the steel wires that are holding the enormous video boards suspended from the ceilings. It's a surreal experience to look up there and see this monstrous scoreboard -- and it's in HD.”

Is there a trade here?

I don’t know that sports stadiums are really a proxy for construction, but if you’re looking for a construction trade look at McDermott, counsels Guy Adami. If it trades down to $23 I think it’s a buy.

I’d play construction with Empresas ICA which is based in Latin America, adds Tim Seymour.

Prop Desk
Whether now is the time to buy heavy contruction names now.

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Trader disclosure: On Sept. 18, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AA); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (NOK); Finerman's Firm Owns (BAC) Preferred Shares And (BAC), Finerman Owns (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO); Finerman's Firm Owns (APC); Finerman's Firm Is Short (BWA); Finerman's Firm And Finerman Own (RIG); Finerman's Firm Owns (WMT); Finerman's Firm Owns (ARO); Terranova Owns (AA) Puts; Terranova Owns (CAT) Puts; Terranova Owns U.S. Dollar Futures; Terranova Is Short (WFC), (HST), (JWN), (FCX)

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For Joe Terranova

Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
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Virtus Investment Partners Owns More Than 1% Of (UA)
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(YHOO), (GOOG), (AMZN) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities-Related)
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Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (YHOO)
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For Lee Amaitis
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Edeck and 'in-running' wagering is only legal in Nevada
Cantor Gaming is an affiliate of Cantor Fitzgerald

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