Wednesday’s rupture of an 83-year-old steampipe in Manhattan serves as a grim reminder that some of America’s infrastructure is fragile at best. As utility companies upgrade their systems to deal with blackouts and bursting pipes, Eric Bolling rolls up his sleeves to bring you the trades.
Eric Bolling says infrastructure across the globe is crumbling and domestically $120 billion is going to be spent on repair. Consequently, Eric likes three engineering companies. Fluor (FLR) McDermott Int’l (MDR), and Jacobs Engineering (JEC).
Tim Seymour tells the panel Eon, Enel and Endesa are three infrastructure trades that he likes in Europe.
Pete Najarian turns the conversation to nuclear power and reminds the panel that nuclear reactors in Japan have been leaking because of recent earthquakes.
Eric Bolling says to Pete that there’s never been a death on American soil from nuclear energy.
However, due to a dip in uranium prices Eric Bolling tells the panel to keep away from USEC. Inc. (USU) and Cameco Corp. (CCJ) for a little while. "The other way to play it," Eric says is Companhia Vale do Rio Doce (RIO).
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Trader disclosure: On July 19th 2007, 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); Bolling Owns (NMX), Copper, Gold, Silver, Platinum; Bolling Is Short (FXI) And Owns (FXI) Puts; Seymour Owns (ABV), (AAPL), (GLD), (INTC), (MSFT), (SBUX), (TIE), Macke Writes For Financial Education Website Minyanville.com, CNBC Is A Service Of NBC Universal And Dow Jones