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Your Questions about Coal and Homebuilders

Monday, 2 Apr 2012 | 1:08 PM ET

The Fast Money traders always enjoying hearing from you.

On Monday Joe T. tackled a question about coal and Jon Najarian revealed his play on the homebuilders.

Coal

Q: Paul Singleton writes, the coal industry has been beaten up but so has nat gas. How would you play it?

A: Joe Terranova replies, “I’m not a big fan of coal, however if you want to play the space I’d do it in a diversified fashion with a long position in Teck Resources or Consol Energy .”

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Homebuilders

Q: Dana Cato writes, “most homebuilding stocks are down on Monday. Is there a rotation underway?

A: Jon Najarian answers, “I don’t see the volumes that justify saying a rotation is underway. If you’re looking to play the space, I’m a seller of Lennar and buyer Ryland or DR Horton against it.” After the broadcast he told us, the trade is based on Lennar's outperformance as compared to the other two stocks.





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Trader disclosure: On Apr 2, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long IBM; Joe Terranova is long MCD; Joe Terranova is long EMC; Joe Terranova is long MSFT; Joe Terranova is long JOY; Joe Terranova is long OXY; Joe Terranova is long POT; Joe Terranova is long TCK; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long SBUX CALL SPREADS; Jon Najarian is long GLD CALL SPREADS; Jon Najarian is long SLV CALL SPREADS; Jon Najarian is long GDXJ CALL SPREADS; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Jon Najarian is long CME; Patty Edwards is long AAPL; Patty Edwards is long GLD; Patty Edwards is long INTC; Patty Edwards is long JOY; Patty Edwards is long SBUX; Patty Edwards is long COP; Patty Edwards is long AMZN

For Jeff Hirsch
Nothing to disclose

For John Rutledge
Nothing to disclose

For Brian White
No disclosures

For Connie Maneaty
Analysts who prepared this report are compensated based upon (among other factors) the overall profitability of BMO Capital Markets and their affiliates, which includes the overall profitability of investment banking services. Compensation for research is based on effectiveness in generating new ideas and in communication of ideas to clients, performance of recommendations, accuracy of earnings estimates, and service to clients.

For Jordan Rohan
Stifel, Nicolaus & Company, Inc. makes a market in the securities of GRPN
Stifel, Nicolaus & Company, Inc. expects to receive or intends to seek compensation for investment banking services in the next 3 months from GRPN


CNBC.com with wires.

  Price   Change %Change
CNX
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DHI
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LEN
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ROYL
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TCK.B
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