GO
Loading...

Your Questions About…. Financials, Tankers

Thursday, 15 Sep 2011 | 6:11 PM ET

Time to sort through all your Tweets and answer your questions about... bank stocks and the tankers.

One of our Fast Money viewers Tweets, “Is it time to buy the XLF?”

Trader JJ Kinahan suggests waiting about a week; he thinks you’ll get a chance to buy it lower.

Tweets on the Street
The Fast Money traders respond to viewer tweets and weigh in with the plays on financials and tanker stocks.

“We’re heading into resistance numbers in the S&P 500 and I believe the financials will back off with that. I would be a little patient. Next week you should get a better level after expiration is over,” he says.

Joe Terranova is on the other side. He thinks financials have bottomed and momentum in the tape may take them higher. Also he believes financials to be underowned. And as a sign of changing sentiment he points to recent strength in key names. "Great performance in Morgan Stanley, Goldman Sachs, Wells and PNC,” he says.

------

Another Fast Money viewer writes, “Please discuss tankers and why they’ve been beaten so bad?”

Karen Finerman explains that when you think about tankers it’s important to differentiate between oil tankers and product tankers.

“In the tanker market for oil there is oversupply,” she says. “That’s a bad dynamic.” The only name she says is sort of interesting is Frontline, but not yet.

And in the product tanker space, Finerman like Navios . "That market looks like it’s near a bottom. But they’re very different markets. Don’t mix them up!”






______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com 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 Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On Sep 15, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian is long apple (AAPL); Najarian is long Citigroup (C); Najarian is long Hewlett Packard (HPQ); Najarian is long Marvell Technology (MRVL); Najarian is long Microsoft (MSFT); Najarian is long Morgan Stanley (MS); Najarian is long calendar options Research in Motion (RIMM); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman and Finerman’s firm own (AAPL); Finerman and Finerman’s firm own (CVS); Finerman owns (BAC) and Finerman’s firm own (BAC) leaps ; Finerman owns (JPM) and Finerman’s firm owns (JPM) stock and (JPM) leaps; Finerman’s firm owns (IBM); Finerman owns (GOOG); Finerman’s firm and Finerman own (ORCL); Finerman’s firm and Finerman own (MSFT); Finerman’s firm owns (TGT); Finerman and Finerman’s firm own puts on (Research in Motion (RIMM); Finerman owns WalMart (WMT); Finerman owns (IWM); Finerman owns (MDY); Finerman owns (SPY); Terranova is long (VRTS); Terranova is long (OXY); Terranova is long (HOS); Terranova is long (OIH); Terranova is long (CVI); Terranova is long (AXP); Terranova is long (EMC); Terranova is long (WFM); Terranova is long (AMZN); Terranova is long (WFE); Terranova is long (AAPL); Terranova is long IBM (IBM); Kinahan is long Intel (INTC) through options; Kinahan is short S&P through options; Kinahan is long (TLT) through options; Kinahan is long Microsoft (MSFT) through options

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
Virtus Investment Partners Owns More Than 1% Of (RLI)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC

For Mike Khouw
Cantor Fitzgerald is market maker of Advanced Micro Devices (AMD)
Cantor Fitzgerald is market maker of Amazon (AMZN)
Cantor Fitzgerald is market maker of Apple (AAPL)
Cantor Fitzgerald is market maker of Applied Materials (AMAT)
Cantor Fitzgerald is market maker of Bank of America (BAC)
Cantor Fitzgerald is market maker of Broadcom (BRCM)
Cantor Fitzgerald is market maker of Citigroup (C)
Cantor Fitzgerald is market maker of Cisco (CSCO)
Cantor Fitzgerald is market maker of Coinstar (CSTR)
Cantor Fitzgerald is market maker of CVR Energy (CVI)
Cantor Fitzgerald is market maker of Dell (DELL)
Cantor Fitzgerald is market maker of Ebay (EBAY)
Cantor Fitzgerald is market maker of Express Scripts (ESRX)
Cantor Fitzgerald is market maker of Fairchild Semiconductor (FCS)
Cantor Fitzgerald is market maker of Fed Ed (FDX)
Cantor Fitzgerald is market maker of Financial Sector SPDR ((XLF)
Cantor Fitzgerald is market maker of Goldman Sachs (GS)
Cantor Fitzgerald is market maker of Google (GOOG)
Cantor Fitzgerald is market maker of IBM (IBM)
Cantor Fitzgerald is market maker of Intel (INTC)
Cantor Fitzgerald is market maker of Juniper (JNPR)
Cantor Fitzgerald is market maker of JPMorgan (JPM)
Cantor Fitzgerald is market maker of LinkedIn (LNKD)
Cantor Fitzgerald is market maker of Market Vectors ETF (GDX)
Cantor Fitzgerald is market maker of Marvell Technology Group (MRVL)
Cantor Fitzgerald is market maker of McDonalds (MCD)
Cantor Fitzgerald is market maker of Micron (MU)
Cantor Fitzgerald is market maker of Microsoft (MSFT)
Cantor Fitzgerald is market maker of Morgan Stanley (MS)
Cantor Fitzgerald is market maker of Motorola Mobility Holdings (MMI)
Cantor Fitzgerald is market maker of Motorola Solutions (MSI)
Cantor Fitzgerald is market maker of Netflix (NFLX)
Cantor Fitzgerald is market maker of Nvidia Corp (NVDA)
Cantor Fitzgerald is market maker of Oracle (ORCL)
Cantor Fitzgerald is market maker of Qualcom (QCOM)
Cantor Fitzgerald is market maker of RadioShack (RSH)
Cantor Fitzgerald is market maker of Research in Motion (RIMM)
Cantor Fitzgerald is market maker of Saks (SKS)
Cantor Fitzgerald is market maker of Sandisk (SNDK)
Cantor Fitzgerald is market maker of (XLF)
Cantor Fitzgerald is market maker of Semiconductor Holders (SMH)
Cantor Fitzgerald is market maker of SPDR Gold Trust (GLD)
Cantor Fitzgerald is market maker of Texas Instrument (TXN)
Cantor Fitzgerald is market maker of Sprint (S)
Cantor Fitzgerald is market maker of UPS (UPS)
Cantor Fitzgerald is market maker of Wells Fargo (WFC)

For Colin Gillis
BGC Financial or affiliate beneficially owns or controls 1% or greater of shares of the (RIMM)
Analyst or immediate family has position in shares of (RIMM)

For Charles Grom
Costco Wholesale Corporation (COST) is a client of Deutsche Bank
Target Corporation (TGT) is a client of Deutsche Bank.
Deutsche Bank owns 1% or more of any class of common equity securities of Fresh Market, Inc (TFM)
Deutsche Bank owns 1% or more of any class of common equity securities of JC Penney Company Inc (JCP). JC Penney Company Inc (JCP) is a client of Deutsche Bank
Deutsche Bank owns 1% or more of any class of common equity securities of Saks Inc (SKS)
Deutsche Bank owns 1% or more of any class of common equity securities of Safeway Inc (SWY). Safeway Inc (SWY) is a client of Deutsche Bank
Wal-Mart Stores, Inc (WMT) is a client of Deutsche Bank
Deutsche Bank owns 1% or more of any class of common equity securities of Supervalu Inc (SVU). Supervalu Inc (SVU) is a client of Deutsche Bank
The Kroger Co (KR) is a client of Deutsche Bank

For Chris Verrone
**No disclosures

For Len Brecken
**No disclosures

CNBC.com with wires.

  Price   Change %Change
FRO
---
GS
---
MS
---
NEM
---
PNC
---
WFC
---
SPDR FIN SEL
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report