How can something that feels oh, so right … be oh so wrong. Following are the stock picks that led the guys astray.
On March 7th Guy Adami said that Saks (SKS) was a buy. Dylan says shares dropped 6% since the call. Today Guy says Saks has gone from a value stock to a growth stock and he still likes it.
On March 6th Tim Strazzini said that JER Investors Trust (JRT) was a buy. Dylan says shares of JER investors are down 6% since Strazzini made the recommendation. Today Tim says he still owns the stock and thinks it will go higher. He explains that it’s a dicey business but the company is run by smart guys.
On March 7th Eric Bolling said that Mastercard (MA) was a sell. Dylan says shares have risen 4% since the sell call. Today Eric says the charts still say MA stock is going lower.
On March 7th Jeff Macke said that Guess (GES) was a buy. Dylan says GES dropped 7% since the call. Today Jeff says this is a mere hick-up. The data is fine on this company.
And in tonight’s Fast Money World … in honor of St. Patrick’s Day, the guys take a look at how to play Ireland Dylan says the Ireland Closed End fund (IRL) is up 40% last year.
Jeff Macke says the trade is Diageo (DEO) group, the makers of Guiness beer. Americans aren’t drinking more, but they’re drinking better.
Guy Adami says the trade is Molson Cors (TAP) which is up 35% since October. or Anheuser-Bush (BUD) which is up too.
Dylan says wait - the Irish do more on St. Patty’s Day besides drink beer.