Fast Money Madness: Nucor vs. Toyota
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It's time for more Fast Money Madness! As the NCAA tournament marches on, we're pairing off the most-talked about 64 companies on the street. The guys will determine the winners through debate, and end up with a national champion -- Fast Money's favorite stock.
Tonight we bring you the best names in industrials and commodities as they fight for a spot in the sweet 16.
Here’s our first big match up of the night… #16 seed Nucor (NUE) vs. #8 seed Toyota (TM ).
Guy Adami says he loves TM. But if the yen strengthens it will hurt Japanese exports. By contrast steel prices are on the rise and Guy gives his vote to NUE.
Tim Strazzini says the trade isn’t the Japanese economy. Toyota is doing fantastic and it’s a company that’s beautifully managed. Tim likes TM.
Eric Bolling likes Nucor and reminds the panel it was recently ranked #4 by BusinessWeek.
Jeff Macke says Nucor shouldn’t even be here. Toyota is one of the best companies in the world and should win this fight easily.
It’s a tie – and Dylan Ratigan declares Nucor the winner.
Onto the next big match-up of the night. #12 seed Dupont (DD) vs #4 seed BHP Billiton (BHP).
Jeff Macke likes Dupont and doesn’t think BHP is a well run company.
Tim Strazzini likes Dupont, (Tim has been bullish on the chemical space for a while.)
Guy Adami likes BHP because it’s the 2nd largest copper producer, 3rd largest nickel producer and 4th largest uranium producer.
Eric Bolling also likes BHP for uranium.
Again a tie – and Dylan decides in favor of BHP.
Here are the results of match-ups played earlier. The winners are in bold.
# 6 Valero Energy (VLO) vs #3 Chesapeake Energy Corporation (CHK)
#7 Deere & Co. (DE) vs #2 Schlumberger (SLB)
Fast Money Madess
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| -- | -- | -- | -- | -- |
| -- | -- | -- | -- | -- |
| -- | -- | -- | -- | -- |
| DE | Deere & Co | 374.96 | -4.28 | -1.13% |
| NUE | Nucor Corp | 171.27 | -0.26 | -0.15% |
| SLB | SLB | 46.24 | -0.08 | -0.17% |
| 7203.T-JP | Toyota Motor Corp | 3,393.00 | -10.00 | -0.29% |
| VLO | Valero Energy Corp | 162.42 | -0.14 | -0.09% |
Questions? Comments?
*The teams were seeded using analyst ranking data from the Wall Street blog http://tickersense.typepad.com/
Trader disclosure:
On MAR 19, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Bolling Owns (CVX), Gold, Silver, Soybeans, is Short Corn. Strazzini owns (CHK), (EWG), (STM) GE is the parent company of CNBC.