Question #1
Mark from Indiana asks about gold and silver. He wants to know what Eric Bolling thinks about the copper producers and in particular Freeport-McMoRan (FCX) after they complete the Phelps Dodge (PD) merger.
Eric says he doesn’t like the copper producers because they’re tied to home building. (Think copper pipes.) Eric says the play is still gold – or if you want more volatility, then play silver.
Question #2
Michael from New York wants to know about Urban Outfitters (URBN) which is reporting earnings tomorrow. He wants to know about the company’s outlook and the outlook of the specialty retail sector as a whole.
Jeff Macke says Urban Outfitters is a bit of horror story – they keep missing same store sales. He doesn’t want to be long in this stock. If you want to be involved in the space, Jeff says Guess (GES) is the best play.
Question #3
Jeremy from New York asks if the KBR Inc. (KBR) spin-off will unlock shareholder value anytime soon.
Guy Adami answers: he thinks Fluor Corp(FLR) is a better play. Power grids are in shambles and FLR gets the contracts for this style of work. This stock is a growth story. Put your money in FLR.
Question #4
Gina from New York asks: with the yield curve currently inverted, should she own the money center banks such as Wells Fargo (WFC) over brokerage stocks such as Bear Stearns (BSC) and Goldman Sachs (GS)?
Tim Strazzini says the answer is complex. It’s not just related to the yield curve. He says Wells Fargo is making money from consumer loans and Tim doesn’t love that space. Goldman and Merrill Lynch (MER) are names in the brokerage space he likes more than Bear.
